Common use of Cancellation and Destruction of Surrendered Trust Securities Clause in Contracts

Cancellation and Destruction of Surrendered Trust Securities. All Trust Security certificates surrendered to the Property Trustee shall be canceled by the Property Trustee and, upon receipt of written request from the Regular Trustees, returned to the Regular Trustees.

Appears in 3 contracts

Samples: Trust Agreement (Metropolitan Edison Co), Trust Agreement (Penelec Capital Trust), Trust Agreement (Met Ed Capital Trust)

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Cancellation and Destruction of Surrendered Trust Securities. All Trust Security certificates surrendered to the Property Trustee shall be canceled by the Property Trustee and, upon receipt of written request from the Regular Trustees, returned to the Regular Trustees.. 24

Appears in 1 contract

Samples: Trust Agreement (Pennsylvania Electric Co)

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