Common use of Cancellation and Destruction Clause in Contracts

Cancellation and Destruction. Each of the Registrar and the Transfer Agent, as the case may be, shall cancel and destroy each mutilated or defaced Note Certificate surrendered to it in respect of which a replacement has been delivered and the Registrar shall, in addition, as promptly as is practicable, enter such details on the Register.

Appears in 16 contracts

Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Finance Trustees LTD), Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 04-1 PLC), Issuer Paying Agent and Agent Bank Agreement (Granite Finance Funding 2 LTD)

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Cancellation and Destruction. Each of the The Registrar and the Transfer Agent, as the case may be, shall cancel and destroy each mutilated or defaced Note Certificate surrendered to it and in respect of which a replacement has been delivered and the Registrar shall, in addition, as promptly as is practicable, enter such details on the Registerdelivered.

Appears in 11 contracts

Samples: Paying Agency and Agent Bank Agreement, Paying Agency and Agent Bank Agreement, Paying Agency and Agent Bank Agreement (Gracechurch Receivables Trustee LTD)

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