Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall be surrendered to the Trustee for cancellation and promptly cancelled by it and no Notes shall be issued in lieu thereof except as expressly permitted by this Indenture. The Company shall surrender to the Trustee any Notes so acquired by it and such Notes shall be cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes so cancelled.
Appears in 16 contracts
Samples: Indenture for Subordinated Debt Securities (Kansas City Power & Light Co), Indenture for Senior Debt Securities (KCPL Financing Ii), Subordinated Indenture (Great Plains Energy Inc)
Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall be surrendered to the Trustee for cancellation and promptly cancelled canceled by it and no Notes shall be issued in lieu thereof except as expressly permitted by this Indenture. The Company shall surrender to the Trustee Company's acquisition of any Notes so acquired shall operate as a redemption or satisfaction of the indebtedness represented by it such Notes and such Notes shall be cancelled surrendered by the Company to and canceled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes so cancelled.
Appears in 7 contracts
Samples: Indenture of Trust (South Jersey Gas Co/New), Indenture of Trust (Florida Public Utilities Co), Indenture (Puget Sound Energy Inc)
Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall be surrendered to the Trustee for cancellation and promptly cancelled by it and no Notes shall be issued in lieu thereof except as expressly permitted by this Indenture. The All Notes so cancelled shall be retained by the Trustee. If the Company shall surrender to acquire any of the Trustee any Notes so acquired Notes, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by it and such Notes shall be unless and until the same are cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes so cancelled.
Appears in 5 contracts
Samples: Indenture (Mge Energy Inc), Indenture (Madison Gas & Electric Co), Indenture (Madison Gas & Electric Co)
Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall be surrendered to the Trustee for cancellation and promptly cancelled canceled by it and no Notes shall be issued in lieu thereof except as expressly permitted by this Indenture. The Company shall surrender to the Trustee any Notes so acquired by it and such Notes shall be cancelled canceled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes so cancelledcanceled.
Appears in 5 contracts
Samples: Indenture (Penelec Capital Trust), Indenture (Gpu Inc /Pa/), Indenture (Met Ed Capital Trust)
Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall be surrendered to the Trustee for cancellation and promptly cancelled by it and no Notes shall be issued in lieu thereof except as expressly permitted by this Indenture. The Company shall surrender to the Trustee Company's acquisition of any Notes so acquired shall operate as a redemption or satisfaction of the indebtedness represented by it such Notes and such Notes shall be surrendered by the Company to and cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes so cancelled.
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