Cancellation by Paying Agents Sample Clauses

Cancellation by Paying Agents. All Notes which are redeemed (together with such unmatured Coupons as are attached to or are surrendered with them at the time of such redemption), and all Coupons which are paid, shall be cancelled forthwith by the Paying Agent by or through which they are redeemed or paid. Such Paying Agent shall send to the Principal Paying Agent the details required by the Principal Paying Agent for the purposes of this Clause and the cancelled Notes and Coupons.
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Cancellation by Paying Agents. All Bonds which are redeemed (together with such unmatured Coupons as are attached to or are surrendered with them at the time of such redemption), and all Coupons which are paid, shall be cancelled by the Paying Agent as soon as reasonably practicable by or through which they are redeemed or paid. Such Paying Agent shall send to the Fiscal Agent the details required by the Fiscal Agent for the purposes of this Clause and the cancelled Bonds and Coupons.
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Cancellation by Paying Agents. All Certificates representing Notes that are redeemed or substituted by the Issuer in accordance with the Conditions, shall be cancelled forthwith by the Agent to which the Certificates are surrendered for redemption or substitution of the Notes. Such Agent shall send to the Registrar the details required by such person for the purposes of this Clause and the cancelled Certificates.
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Cancellation by Paying Agents. All Notes which are redeemed shall be cancelled forthwith by the Paying Agent by or through which they are redeemed. Such Paying Agent shall send to the Fiscal Agent the details required by the Fiscal Agent for the purposes of this Clause 6.2 (Cancellation by Paying Agents) and the cancelled Notes.
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Cancellation by Paying Agents. All Notes which are surrendered for redemption (together with all unmatured Receipts and Coupons attached to or delivered with Notes) and all Receipts and Coupons which are paid shall be cancelled forthwith by the Paying Agent to which they are surrendered. Each of the Paying Agents (other than the Fiscal Agent) shall send to the Fiscal Agent the details of all payments made by it and shall deliver all cancelled Notes, Receipts and Coupons to the Fiscal Agent (or as the Fiscal Agent may specify).
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Cancellation by Paying Agents. All Certificates which are redeemed shall be cancelled promptly by the Registrar to which the Certificates are surrendered for redemption.
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Cancellation by Paying Agents. All Notes which are redeemed or substituted by the Issuer pursuant to Condition 6 or substituted for Qualifying Notes pursuant to Condition 7 (together with all unmatured Coupons and unexchanged Talons relating thereto) will be cancelled by the Principal Paying Agent by which they are redeemed or substituted. In addition, all Notes which are purchased on behalf of the Issuer or any of its Subsidiaries and are surrendered to a Paying Agent for cancellation, (together with all unmatured Coupons and all unexchanged Talons (if any) attached to them or surrendered with them), shall be cancelled by the Paying Agent to which they are surrendered. Each of the Agents shall give to the Principal Paying Agent details of all payments made by it and shall deliver all cancelled Notes, Coupons and Talons to the Principal Paying Agent or as the Principal Paying Agent may specify.
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Related to Cancellation by Paying Agents

  • Cancellation of Notes Any Person that receives a Note surrendered for payment, registration of transfer, exchange or redemption will deliver the Note to the Indenture Trustee and the Indenture Trustee will promptly cancel it. The Issuer may surrender to the Indenture Trustee for cancellation Notes previously authenticated and delivered under this Indenture which the Issuer may have acquired, and the Indenture Trustee will promptly cancel them. No Notes will be authenticated in place of or in exchange for Notes cancelled as stated in this Section 2.10. The Indenture Trustee may hold or dispose of cancelled Notes according to its standard retention or disposal policy unless the Issuer directs, by Issuer Order, that they be destroyed or returned to it.

  • Appointment of Paying Agents The Paying Agent shall initially be the Property Trustee. The Paying Agent shall make Distributions to Holders from the Payment Account and shall report the amounts of such Distributions to the Property Trustee and the Administrative Trustees. Any Paying Agent shall have the revocable power to withdraw funds from the Payment Account solely for the purpose of making the Distributions referred to above. The Administrative Trustees may revoke such power and remove the Paying Agent in their sole discretion. Any Person acting as Paying Agent shall be permitted to resign as Paying Agent upon thirty (30) days’ written notice to the Administrative Trustees and the Property Trustee. If the Property Trustee shall no longer be the Paying Agent or a successor Paying Agent shall resign or its authority to act be revoked, the Administrative Trustees shall appoint a successor (which shall be a bank or trust company) to act as Paying Agent. Such successor Paying Agent appointed by the Administrative Trustees shall execute and deliver to the Trustees an instrument in which such successor Paying Agent shall agree with the Trustees that as Paying Agent, such successor Paying Agent will hold all sums, if any, held by it for payment to the Holders in trust for the benefit of the Holders entitled thereto until such sums shall be paid to such Holders. The Paying Agent shall return all unclaimed funds to the Property Trustee and upon removal of a Paying Agent such Paying Agent shall also return all funds in its possession to the Property Trustee. The provisions of Article VIII shall apply to the Property Trustee also in its role as Paying Agent, for so long as the Property Trustee shall act as Paying Agent and, to the extent applicable, to any other Paying Agent appointed hereunder. Any reference in this Trust Agreement to the Paying Agent shall include any co-paying agent unless the context requires otherwise.

  • Note Paying Agents (a) The Indenture Trustee may appoint one or more Note Paying Agents that meet the eligibility standards for the Indenture Trustee specified in Section 6.11(a). The Note Paying Agents will have the power to make distributions from the Trust Accounts.

  • Agreement by Note Paying Agent The Indenture Trustee will, and will cause each Note Paying Agent to, execute and deliver to the Indenture Trustee, an instrument in which the Note Paying Agent agrees with the Indenture Trustee to:

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