Common use of CANCELLATION OF COVERED BONDS, RECEIPTS, COUPONS AND TALONS Clause in Contracts

CANCELLATION OF COVERED BONDS, RECEIPTS, COUPONS AND TALONS. 16.1 All Covered Bonds which are redeemed, all Global Covered Bonds which are exchanged in full, all Registered Covered Bonds which have been transferred, all Receipts or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Agent by which they are redeemed, exchanged, transferred or paid. In addition, the Issuer shall immediately notify the Principal Paying Agent in writing of all Covered Bonds which are purchased by or on behalf of the Issuer, the Guarantors or any of the Issuer's Subsidiaries and all such Covered Bonds surrendered to a Paying Agent (or, in the case of N Covered Bonds, the N Covered Bond Paying Agent) or the Registrar for cancellation, together (in the case of Bearer Definitive Covered Bonds) with all unmatured Receipts, Coupons or Talons (if any) attached to them or surrendered with them, shall be cancelled by the 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 Covered Bonds, Receipts, Coupons and Talons to the Principal Paying Agent or as the Principal Paying Agent may specify.

CANCELLATION OF COVERED BONDS, RECEIPTS, COUPONS AND TALONS. 16.1 (a) All Covered Bonds which are redeemed, all Global Covered Bonds which are exchanged in full, all Registered Covered Bonds which have been transferred, all Receipts or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Paying Agent by which they are redeemed, exchanged, transferred exchanged or paid. In addition, the Issuer shall immediately notify the Principal Paying Agent in writing of all Covered Bonds which are purchased by or on behalf of the Issuer, the Guarantors Issuer or any of its Subsidiaries or the Issuer's Subsidiaries Fund and all such Covered Bonds are surrendered to a Paying Agent (or, in the case of N Covered Bonds, the N Covered Bond Paying Agent) or the Registrar for cancellation, together (in the case of Bearer Definitive Covered Bonds) with all unmatured Receipts, Coupons or 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 Paying Agents shall give to the Principal Paying Agent details of all payments made by it and shall deliver all cancelled Covered Bonds, Receipts, Coupons and Talons to the Principal Paying Agent or as the Principal Paying Agent may specify.

CANCELLATION OF COVERED BONDS, RECEIPTS, COUPONS AND TALONS. 16.1 17.1 All Covered Bonds which are redeemed, all Global Covered Bonds which are exchanged in full, all Registered Covered Bonds which have been transferred, all Receipts or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Agent by which they are redeemed, exchanged, transferred or paid. In addition, the Issuer shall immediately notify the Principal Paying Agent in writing of all Covered Bonds which are purchased by or on behalf of the Issuer, the Guarantors LLP or any of the Issuer's Subsidiaries and all such Covered Bonds surrendered to a Paying Agent or the Registrar (or, in the case of N Covered Bonds, the N Covered Bond Paying Agentits nominee) or the Registrar for cancellation, together (in the case of Bearer Definitive Covered Bonds) with all unmatured Receipts, Coupons or Talons (if any) attached to them or surrendered with them, shall be cancelled by the Agent to which they are surrendered. If the Issuer purchases any of its Covered Bonds for cancellation, the Issuer shall provide the Principal Paying Agent instructions in the form agreed to by the Principal Paying Agent confirming the details of the Covered Bonds to be purchased. The Issuer shall provide the instructions to the Principal Paying Agent no later than two (2) Business Days prior to the date on which the Covered Bonds are intended to be purchased and cancelled. Once the Covered Bonds have been received by the Principal Paying Agent, it will request the immediate cancellation of the Covered Bonds. Each of the Agents shall give to the Principal Paying Agent details of all payments made by it and shall deliver all cancelled Covered Bonds, Receipts, Coupons and Talons to the Principal Paying Agent or as the Principal Paying Agent may specify.

CANCELLATION OF COVERED BONDS, RECEIPTS, COUPONS AND TALONS. 16.1 17.1 All Covered Bonds which are redeemed, all Global Covered Bonds which are exchanged in full, all Registered Covered Bonds which have been transferred, all Receipts or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Agent by which they are redeemed, exchanged, transferred or paid. In addition, the Issuer shall immediately notify the Principal Paying Agent in writing of all Covered Bonds which are purchased by or on behalf of the Issuer, the Guarantors LLP or any of the Issuer's Subsidiaries and all such Covered Bonds surrendered to a Paying Agent or the Registrar (or, in the case of N Covered Bonds, the N Covered Bond Paying Agentits nominee) or the Registrar for cancellation, together (in the case of Bearer Definitive Covered Bonds) with all unmatured Receipts, Coupons or Talons (if any) attached to them or surrendered with them, shall be cancelled by the 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 Covered Bonds, Receipts, Coupons and Talons to the Principal Paying Agent or as the Principal Paying Agent may specify.