Common use of Cancellation by Issuer Clause in Contracts

Cancellation by Issuer. If the Issuer, BT Group plc or any of their respective Subsidiaries purchases any Securities that are to be cancelled in accordance with the Conditions, the Issuer shall immediately notify the Registrar of the principal amount of those Securities which have been purchased and shall promptly cancel them or procure their cancellation and send them (if in definitive form) to the Principal Paying Agent.

Appears in 4 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

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