Common use of Cancellation of Bonds Clause in Contracts

Cancellation of Bonds. Whenever any outstanding Bond shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment of the principal amount represented thereby, or for replacement pursuant to Section 2.07, or for transfer pursuant to Section 2.08, such Bond shall be promptly canceled and destroyed by the Trustee.

Cancellation of Bonds. Whenever any outstanding a Bond shall be is delivered to the Trustee for cancellation pursuant to this Indenture(upon payment, upon payment of the principal amount represented therebyredemption or otherwise), or for registration of transfer, exchange or replacement pursuant to Section 2.072.05 or Section 2.06, or for transfer pursuant to Section 2.08, such the Trustee will promptly cancel and dispose of the Bond shall be promptly canceled and destroyed by in accordance with the Trustee's policy of disposal; provided, however, that the Trustee shall not be required to destroy canceled Bonds.

Cancellation of Bonds. Whenever any outstanding a Bond shall be is delivered to the Trustee for cancellation pursuant to this Indenture(upon payment, upon payment of the principal amount represented therebyredemption or otherwise), or for transfer, exchange or replacement pursuant to Section 2.07, 2.07 or for transfer pursuant to Section 2.08, such the Purchaser or the Trustee will promptly cancel the Bond shall be promptly and deliver the canceled and destroyed by Bond or a certificate of destruction as appropriate to the TrusteeBorrower.

Cancellation of Bonds. Whenever any outstanding Bond shall be Outstanding Bonds have been paid or redeemed or are otherwise delivered to the Trustee for cancellation pursuant to this Indenturecancellation, upon payment of the principal amount represented thereby, or redemption thereof or for replacement pursuant to Section 2.07, or for transfer pursuant to Section 2.08after replacement, such Bond Bonds shall be promptly canceled and destroyed cancelled by the Trustee.

Cancellation of Bonds. Whenever any outstanding a Bond shall be is delivered to the ----------- --------------------- Trustee for cancellation pursuant to this Indenture(upon payment, upon payment of the principal amount represented therebyredemption or otherwise), or for transfer, exchange or replacement pursuant to Section 2.07308 or 309, the Trustee will promptly cancel the Bond and deliver the canceled Bond or for transfer pursuant a certificate of destruction as appropriate to Section 2.08the Borrower at its request. Upon cancellation of any tendered Bond by the Tender Agent, such the Tender Agent shall forward the canceled Bond shall be promptly canceled and destroyed by to the Trustee.

Cancellation of Bonds. Whenever any outstanding a Bond shall be is delivered to the Trustee for cancellation pursuant to this Indenture(upon payment, upon payment of the principal amount represented therebyredemption or otherwise), or for transfer, exchange or replacement pursuant to Section 2.07, 2.07 or for transfer pursuant to Section 2.08, such the Trustee will promptly cancel the Bond shall be promptly canceled and destroyed by the Trustee.deliver the

Cancellation of Bonds. Whenever any outstanding a Bond shall be is delivered to the Trustee for cancellation pursuant to this Indenture(upon payment, upon payment of the principal amount represented therebyredemption or otherwise), or for transfer, exchange or replacement pursuant to Section 2.07, 2.07 or for transfer pursuant to Section 2.08, such the Trustee will promptly cancel the Bond and deliver the canceled Bond or a certificate of destruction as appropriate to the Company at its request. Upon cancellation of any tendered Bond by the Tender Agent, the Tender Agent shall be promptly forward the canceled and destroyed by Bond to the Trustee.