Common use of Cancellation and Destruction of Surrendered Bonds Clause in Contracts

Cancellation and Destruction of Surrendered Bonds. All Bonds surrendered for payment or redemption and all Bonds purchased with money available for that purpose in any funds established under this Indenture, shall, at the time of such payment or redemption, be canceled and destroyed by the Trustee. The Trustee shall deliver to the Authority certificates of destruction with respect to all Bonds destroyed in accordance with this Section.

Appears in 2 contracts

Samples: Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Gateway Trade Center Inc.)

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Cancellation and Destruction of Surrendered Bonds. All Bonds which have been purchased by or on behalf of the Authority and all Bonds surrendered for payment payment, Redemption, registration of transfer or redemption exchange and all Bonds purchased with money available surrendered to the Trustee by the Authority or by the Borrower for that purpose in any funds established under this Indenture, shall, at the time of such payment or redemption, cancellation shall be canceled and destroyed by the Trustee. The Trustee shall deliver to the Authority and to the Borrower certificates of destruction with in respect to of all Bonds destroyed in accordance with this Sectionso destroyed.

Appears in 2 contracts

Samples: Indenture of Trust (Burlington Coat Factory Warehouse Corp), Indenture of Trust (Burlington Coat Factory Warehouse Corp)

Cancellation and Destruction of Surrendered Bonds. All Bonds surrendered for payment or redemption and all Bonds purchased with money moneys available for that purpose in any funds established under this Indenture, shall, at the time of such payment or redemption, be canceled cancelled and destroyed by the Trustee. The Trustee shall deliver to the Authority certificates of destruction with respect to all Bonds destroyed in accordance with this Section.

Appears in 2 contracts

Samples: Trust Indenture (Vermont Pure Holdings LTD), Loan Agreement (Lannett Co Inc)

Cancellation and Destruction of Surrendered Bonds. All Bonds surrendered for payment or redemption and all Bonds purchased with money moneys available for that purpose in any funds established under this Indenture, shall, at the time of such payment or redemption, be canceled and destroyed by the Trustee. The Trustee shall deliver to the Authority certificates of destruction with respect to all Bonds destroyed in accordance with this Section.

Appears in 1 contract

Samples: Trust Indenture (Nutrition Management Services Co/Pa)

Cancellation and Destruction of Surrendered Bonds. All Bonds surrendered for payment or redemption and all Bonds purchased with money moneys available for that purpose in any funds established under this Indenture, shall, at the time of such payment or redemption, be canceled and destroyed by the Trustee. The Trustee shall deliver to the Authority Board certificates of destruction with respect to all Bonds destroyed in accordance with this Section.

Appears in 1 contract

Samples: Trust Indenture (Central Sprinkler Corp)

Cancellation and Destruction of Surrendered Bonds. All Bonds surrendered for payment or redemption and all Bonds purchased with money available for that purpose in any funds established under this Indenture, shall, at the time of such payment or redemption, be canceled cancelled and destroyed by the Trustee. The Trustee shall deliver to the Authority certificates of destruction with respect to all Bonds destroyed in accordance with this Section.

Appears in 1 contract

Samples: Loan Agreement (Gateway Trade Center Inc.)

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Cancellation and Destruction of Surrendered Bonds. All Bonds surrendered for payment or redemption and all Bonds purchased with money moneys available for that purpose in any funds Funds established under this Indenture, or purchased by the Company and surrendered to the Trustee in lieu of mandatory redemption pursuant to Section 8.04 hereof shall, at the time of such payment or redemption, be canceled cancelled and destroyed by the Trustee. The Trustee shall deliver to the Authority certificates a certificate of destruction with in respect to of all Bonds destroyed in accordance with this Section.

Appears in 1 contract

Samples: Trust Indenture (Sterigenics International)

Cancellation and Destruction of Surrendered Bonds. All Bonds surrendered for payment or redemption and all Bonds purchased with money moneys available for that purpose in any funds established under this Indenture, shall, at the time of such payment or redemption, be canceled and destroyed by the Trustee. The Trustee shall deliver to the Authority Company certificates of destruction with respect to all Bonds destroyed in accordance with this Section.

Appears in 1 contract

Samples: Trust Indenture (Piercing Pagoda Inc)

Cancellation and Destruction of Surrendered Bonds. All Bonds surrendered for payment or redemption and all Bonds purchased with money available surrendered for that purpose in any funds established under this Indenture, exchange shall, at the time of such payment payment, redemption or redemptionexchange, be canceled promptly transferred by the Registrar, Paying Agent to, and cancelled and destroyed by by, the Trustee. The Trustee shall deliver to the Authority certificates of destruction with respect to all Bonds destroyed in accordance with this Sectionits retention policy then in effect.

Appears in 1 contract

Samples: Master Trust Indenture

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