Common use of Cancellation of Notes Paid, Etc Clause in Contracts

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's acquisition of any Notes shall operate as a redemption or satisfaction of the indebtedness represented by such Notes and such Notes shall be surrendered by the Company to and cancelled by the Trustee.

Appears in 1 contract

Samples: Indenture (Oklahoma Gas & Electric Co)

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Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall be transfer, if surrendered to the Company or any Paying Agent or any Note Registrar, shall be delivered to the Trustee for cancellation and promptly cancelled canceled by it the Trustee or, if surrendered to the Trustee, promptly shall be canceled by it; and no Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Company's acquisition of any Notes shall operate as a redemption or satisfaction of the indebtedness represented by such Trustee may destroy canceled Notes and upon request will deliver a certificate of such Notes shall be surrendered by destruction to the Company to and cancelled by the TrusteeCompany.

Appears in 1 contract

Samples: Indenture (Synovus Financial Corp)

Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall be transfer, if surrendered to the Company or any Paying Agent or any Note registrar, shall be delivered to the Trustee for cancellation and promptly cancelled canceled by it the Trustee or, if surrendered to the Trustee, promptly shall be canceled by it; and no Notes shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Company's acquisition of any Notes shall operate as a redemption or satisfaction of the indebtedness represented by such Trustee may destroy canceled Notes and upon request will deliver a certificate of such Notes shall be surrendered by destruction to the Company to and cancelled by the TrusteeCompany.

Appears in 1 contract

Samples: Indenture (Synovus Financial Corp)

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Cancellation of Notes Paid, Etc. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall be transfer, if surrendered to the Company or any Paying Agent or any Note Registrar, shall be delivered to the Trustee for cancellation and promptly cancelled by it the Trustee or, if surrendered to the Trustee, promptly 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 Company's acquisition of any Notes shall operate as a redemption or satisfaction of the indebtedness represented by such Trustee may destroy cancelled Notes and upon request will deliver a certificate of such Notes shall be surrendered by destruction to the Company to and cancelled by the TrusteeCompany.

Appears in 1 contract

Samples: Synovus Financial Corp

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