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

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

Appears in 3 contracts

Samples: Indenture (Corporate Realty Consultants Inc), Corporate Realty Consultants Inc, Corporate Realty Consultants Inc

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Indenture (Vitro Sa De Cv)

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

Appears in 1 contract

Samples: Corporate Realty Consultants Inc

Cancellation of Notes; Destruction Thereof. All Notes surrendered for payment, redemption, or registration of transfer or exchange, if surrendered to the Issuer or any agent of the Issuer or the TrusteeAgent, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall destroy cancelled Notes held by it and in accordance with its customary procedures, unless the Agent receives the Issuer's written request instructing the Trustee to deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Notes, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such to deliver that cancelled Notes unless and until the same are delivered to the Trustee for cancellationIssuer.

Appears in 1 contract

Samples: www.imperialbrandsplc.com

AutoNDA by SimpleDocs

Cancellation of Notes; Destruction Thereof. All Notes surrendered for payment, redemption, or registration of transfer or exchange, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Notes shall -44- 52 be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall destroy cancelled Notes held by it and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Notes, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Corporate Realty Consultants Inc

Time is Money Join Law Insider Premium to draft better contracts faster.