Common use of Cancellation of Equipment Notes; Destruction Thereof Clause in Contracts

Cancellation of Equipment Notes; Destruction Thereof. All ---------------------------------------------------- Equipment Notes surrendered for payment, prepayment, registration of transfer or exchange, if surrendered to the Owner Trustee or any agent of the Owner Trustee or the Indenture Trustee, shall be delivered to the Indenture Trustee for cancellation or, if surrendered to the Indenture Trustee, shall be canceled by it; and no Equipment Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Indenture Trustee shall destroy cancelled Equipment Notes held by it and deliver a certificate of destruction to the Owner Trustee. If the Owner Trustee shall acquire any of the Equipment Notes, such acquisition shall not operate as a prepayment or satisfaction of the indebtedness represented by such Equipment Notes unless and until the same are delivered to the Indenture Trustee for cancellation.

Cancellation of Equipment Notes; Destruction Thereof. All ---------------------------------------------------- Equipment Notes surrendered for payment, prepayment, registration of transfer or exchange, if surrendered to the Owner Trustee or any agent of the Owner Trustee or the Indenture Trustee, shall be delivered to the Indenture Trustee for cancellation or, if surrendered to the Indenture Trustee, shall be canceled by it; and no Equipment Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Indenture Trustee shall destroy cancelled Equipment Notes held by it and deliver a certificate of destruction to the Owner Trustee. If the Owner Trustee shall acquire any of the Equipment Notes, such acquisition shall not operate as a prepayment or satisfaction of the indebtedness represented by such Equipment Notes unless and until the same are delivered to the Indenture Trustee for cancellation.

Cancellation of Equipment Notes; Destruction Thereof. All ---------------------------------------------------- Equipment Notes surrendered for payment, prepayment, registration of transfer or exchange, if surrendered to the Owner Trustee Company or any agent of the Owner Trustee Company or the Indenture Trustee, shall be delivered to the Indenture Trustee for cancellation or, if surrendered to the Indenture Trustee, shall be canceled by it; and no Equipment Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Indenture Trustee shall destroy cancelled Equipment Notes held by it and deliver a certificate of destruction to the Owner TrusteeCompany. If the Owner Trustee Company shall acquire any of the Equipment Notes, such acquisition shall not operate as a prepayment or satisfaction of the indebtedness represented by such Equipment Notes unless and until the same are delivered to the Indenture Trustee for cancellation.

Cancellation of Equipment Notes; Destruction Thereof. All ---------------------------------------------------- Equipment Notes surrendered for payment, prepayment, registration of transfer or exchange, if surrendered to the Owner Trustee Company or any agent of the Owner Trustee Company or the Indenture Trustee, shall be delivered to the Indenture Trustee for cancellation or, if surrendered to the Indenture Trustee, shall be canceled by it; and no Equipment Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Indenture Trustee shall destroy cancelled Equipment Notes held by it and deliver a certificate of destruction to the Owner TrusteeCompany. If the Owner Trustee Company shall acquire any of the Equipment Notes, such acquisition shall not operate as a prepayment or satisfaction of the indebtedness represented by such Equipment Notes unless and until the same are delivered to the Indenture Trustee for cancellation.