Common use of Cancellation and Destruction of Securities Clause in Contracts

Cancellation and Destruction of Securities. All Securities redeemed and paid pursuant to the provisions of this Article 11 shall be cancelled and destroyed, as provided in Section 3.9, and, except in the case of partial redemption of any Security, no Security shall be issued under this Indenture in lieu thereof.

Appears in 8 contracts

Samples: Indenture Agreement (RJE Telecom of California, Inc.), Indenture Agreement (RJE Telecom of California, Inc.), Indenture (Cit Group Inc)

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Cancellation and Destruction of Securities. All Securities redeemed and paid pursuant to the provisions of this Article 11 shall be cancelled and destroyeddisposed of, as provided in Section 3.9, and, except in the case of partial redemption of any Security, no Security shall be issued under this Indenture in lieu thereof.

Appears in 2 contracts

Samples: Indenture (Cit Group Inc), Indenture (Cit Group Inc)

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Cancellation and Destruction of Securities. All Securities redeemed and paid pursuant to the provisions of this Article 11 12 shall be cancelled and destroyeddisposed of, as provided in Section 3.9, and, except in the case of partial redemption of any Security, no Security shall be issued under this Indenture in lieu thereof.

Appears in 2 contracts

Samples: Indenture (Cit Group Inc), Indenture (Cit Group Inc)

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