Common use of Cancellation of Bonds Clause in Contracts

Cancellation of Bonds. Whenever a Bond is delivered to the Trustee for cancellation (upon payment, redemption or otherwise), or for registration of transfer, exchange or replacement pursuant to Section 2.05 or Section 2.06, the Trustee will promptly cancel and dispose of the Bond 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 a any outstanding Bond is shall be delivered to the Trustee for cancellation (pursuant to this Indenture, upon payment, redemption or otherwise)payment of the principal amount represented thereby, or for registration of transfer, exchange or replacement pursuant to Section 2.05 2.07, or for transfer pursuant to Section 2.062.08, the Trustee will such Bond shall be promptly cancel canceled and dispose of the Bond in accordance with destroyed by the Trustee's policy of disposal; provided, however, that the Trustee shall not be required to destroy canceled Bonds.

Cancellation of Bonds. Whenever a Bond is delivered to the Trustee for cancellation (upon payment, redemption or otherwise), or for registration of transfer, exchange or replacement pursuant to Section 2.05 2.07 or Section 2.062.08, the Purchaser or the Trustee will promptly cancel and dispose of the Bond in accordance with and deliver the Trustee's policy canceled Bond or a certificate of disposal; provided, however, that destruction as appropriate to the Trustee shall not be required to destroy canceled BondsBorrower.

Cancellation of Bonds. Whenever a Bond is delivered to the Trustee for cancellation (upon payment, redemption or otherwise), or for registration of transfer, exchange or replacement pursuant to Section 2.05 2.07 or Section 2.062.08, the Trustee will promptly cancel and dispose of the Bond in accordance with the Trustee's policy of disposal; provided, however, that the Trustee shall not be required to destroy canceled Bonds.and deliver the

Cancellation of Bonds. Whenever a Bond is delivered to the ----------- --------------------- Trustee for cancellation (upon payment, redemption or otherwise), or for registration of transfer, exchange or replacement pursuant to Section 2.05 308 or Section 2.06309, the Trustee will promptly cancel and dispose of the Bond in accordance with and deliver the canceled Bond or a certificate of destruction as appropriate to the Borrower at its request. Upon cancellation of any tendered Bond by the Tender Agent, the Tender Agent shall forward the canceled Bond to the Trustee's policy of disposal; provided, however, that the Trustee shall not be required to destroy canceled Bonds.

Cancellation of Bonds. Whenever a Bond is delivered to the Trustee for cancellation (upon payment, redemption or otherwise), or for registration of transfer, exchange or replacement pursuant to Section 2.05 2.07 or Section 2.062.08, the Trustee will promptly cancel and dispose of the Bond in accordance with 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 forward the canceled Bond to the Trustee's policy of disposal; provided, however, that the Trustee shall not be required to destroy canceled Bonds.