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

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 All Notes which are redeemed, all Global Notes which are exchanged in full, 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 or paid. In addition, the relevant Issuer shall as soon as reasonably practicable notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer or any of its Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Notes) 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 Agent details of all payments made by it and shall deliver all cancelled Notes, Receipts, Coupons and Talons to the Agent or as the Agent may specify. If the Issuer purchases any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions in the form agreed to by the Agent or Paying Agent confirming the details of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the Notes.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 (a) All Notes which are redeemed, all Global Notes which are exchanged in full, all Receipts purchased by or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Paying Agent by which they are redeemed, exchanged or paid. In addition, the relevant Issuer shall as soon as reasonably practicable notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer Bank or any of its Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellationaffiliates, together (in the case of Definitive Bearer Notes) with all unmatured Receipts, Coupons or Talons (if any) attached to them thereto or surrendered with themtherewith, may, at the election of the Bank, be canceled by the Bank. Where any Notes, Receipts, Coupons or Talons are purchased and canceled as aforesaid, the Bank shall make sure that all relevant details are promptly given to the applicable Paying Agent and that all Notes, Receipts, Coupons or Talons so canceled are delivered to the applicable Paying Agent. All Notes which are redeemed, all Receipts or Coupons which are paid and all Talons which are exchanged (which in the case of Bearer Notes, Receipts, Coupons or Talons shall be cancelled delivered outside the United States and its possessions) shall be canceled by the Paying Agent to by which they are surrenderedredeemed, paid or exchanged. Each of the Paying Agents shall give to the Agent applicable Registrar written details of all payments made by it and shall deliver a certificate of destruction for all cancelled canceled Notes, Receipts, Coupons and Talons to the Agent applicable Registrar or as the Agent may specify. If the Issuer purchases to any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions authorized from time to time in the form agreed to writing by the Agent or Paying Agent confirming the details applicable Registrar to accept delivery of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased canceled Notes, Receipts, Coupons and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the NotesTalons.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 (a) All Notes which are purchased by or on behalf of the Bank, together (in the case of Definitive Bearer Notes) with all unmatured Receipts, Coupons or Talons (if any) attached thereto or surrendered therewith, may, at the election of the Bank, be canceled by the Bank. Where any Notes, Receipts, Coupons or Talons are purchased and canceled as aforesaid, the Bank shall make sure that all relevant details are promptly given to the Paying Agents and that all Notes, Receipts, Coupons or Talons so canceled are delivered to the Paying Agents. All Notes which are redeemed, all Global Notes which are exchanged in full, all Receipts or Coupons which are paid and all Talons which are exchanged shall be cancelled canceled by the Paying Agent by which they are redeemed, exchanged paid or paid. In addition, the relevant Issuer shall as soon as reasonably practicable notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer or any of its Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Notes) 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 surrenderedexchanged. Each of the Paying Agents shall give to the Agent Registrar written details of all payments made by it and shall deliver a certificate of destruction for all cancelled canceled Notes, Receipts, Coupons and Talons to the Agent Registrar or as the Agent may specify. If the Issuer purchases to any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions authorized from time to time in the form agreed to writing by the Agent or Paying Agent confirming the details Registrar to accept delivery of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased canceled Notes, Receipts, Coupons and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the NotesTalons.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 16.1 All Notes which are redeemed, all Global Notes which are exchanged in full, all Receipts Receipt or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Paying Agent by which they are redeemed, exchanged or paidpaid or, in the case of Book Entry Notes, the Issuer shall instruct the Portuguese Paying Agent to procure that the Book Entry Notes will be forthwith cancelled by Interbolsa following receipt by Interbolsa of notice thereof. In addition, the relevant Issuer and the Guarantor shall as soon as reasonably practicable immediately notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer and the Guarantor or any of its their respective Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Bearer Notes) 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 Agent details of all payments made by it and shall deliver all cancelled Notes, Receipts, Coupons and Talons to the Agent or as the Agent may specify. If the Issuer purchases any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions in the form agreed to by the Agent or Paying Agent confirming the details of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the Notes.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 14.1 All Notes which are redeemed, all Global Notes which are exchanged in full, all Registered Notes which have 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 exchanged, transferred or paid. In addition, in the relevant Issuer shall as soon as reasonably practicable notify the Agent in writing case of CGNs, all Notes which are purchased by or on behalf of the relevant Issuer, the Guarantor (where the relevant Issuer is UUWF) or any of its their respective Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Bearer Notes) with all unmatured Receipts, Coupons or Talons (if any) attached to them thereto or surrendered therewith, shall be cancelled by the Paying Agent to which they are surrendered. In the case of NGNs, the Issuer and (where the relevant Issuer is UUWF) the Guarantor shall immediately notify the Principal Paying Agent in writing of all Notes which are purchased by or on behalf of the relevant Issuer or any of its respective Subsidiaries and all such Notes which are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Bearer Notes) with themall unmatured Receipts, Coupons or Talons (if any) attached thereto or surrendered therewith, 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 Notes, Receipts, Coupons and Talons to the Principal Paying Agent or as the Principal Paying Agent may specify. If the Issuer purchases any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions in the form agreed to by the Agent or Paying Agent confirming the details of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the Notes.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 16.1 All Notes which are redeemed, all Global Notes which are exchanged in full, all Receipts Receipt or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Paying Agent by which they are redeemed, exchanged or paidpaid or, in the case of Book Entry Notes, the Issuer shall instruct the Portuguese Paying Agent to procure that the Book Entry Notes will be forthwith cancelled by Interbolsa following receipt by Interbolsa of notice thereof. In addition, the relevant Issuer and, where the Issuer is PTIF, PT and PTC shall as soon as reasonably practicable immediately notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer and, where the Issuer is PTIF, PT and PTC or any of its their respective Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Bearer Notes) 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 Agent details of all payments made by it and shall deliver all cancelled Notes, Receipts, Coupons and Talons to the Agent or as the Agent may specify. If the Issuer purchases any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions in the form agreed to by the Agent or Paying Agent confirming the details of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the Notes.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 (a) All Notes which are purchased by or on behalf of the Bank, together (in the case of Definitive Bearer Notes) with all unmatured Receipts, Coupons or Talons (if any) attached thereto or surrendered therewith, may, at the election of the Bank, be cancelled by the Bank Where any Notes, Receipts, Coupons or Talons are purchased and cancelled as aforesaid, the Bank shall procure that all relevant details are promptly given to the Global Agent and that all Notes, Receipts, Coupons or Talons so cancelled are delivered to the Global Agent. All Notes which are redeemed, all Global Notes which are exchanged in full, all Receipts or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Global Agent or any other Paying Agent by which they are arc redeemed, exchanged paid or paid. In addition, the relevant Issuer shall as soon as reasonably practicable notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer or any of its Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Notes) 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 surrenderedexchanged. Each of the Paying Agents shall give to the Global Agent details of all payments made by it and shall deliver a certificate of destruction for all cancelled Notes, Receipts, Coupons and Talons to the Global Agent or as the Agent may specify. If the Issuer purchases to any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions authorized from time to time in the form agreed to writing by the Global Agent or Paying Agent confirming the details to accept delivery of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased cancelled Notes, Receipts, Coupons and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the NotesTalons.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 12.1 All Notes which are redeemed, all Global Notes which are exchanged in full, 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 or paid. In addition, the relevant Issuer or the Guarantor, as the case may be, shall as soon as reasonably practicable immediately notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer Issuer, if applicable, the Guarantor or any of its their Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Notes) 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 Agent details of all payments made by it and shall deliver all cancelled Notes, Receipts, Coupons and Talons to the Agent or as the Agent may specify. If the Issuer purchases any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions in the form agreed to by the Agent or Paying Agent confirming the details of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the Notes/Securities.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 (a) All Notes which are purchased by or on behalf of the Bank, together (in the case of Definitive Bearer Notes) with all unmatured Receipts, Coupons or Talons (if any) attached thereto or surrendered therewith, may, at the election of the Bank, be cancelled by the Bank. Where any Notes, Receipts, Coupons or Talons are purchased and cancelled as aforesaid, the Bank shall procure that all relevant details are promptly given to the Global Agent and that all Notes, Receipts, Coupons or Talons so cancelled are delivered to the Global Agent. All Notes which are redeemed, all Global Notes which are exchanged in full, all Receipts or Coupons which are paid and all Talons which are exchanged shall be cancelled by the Global Agent or any other Paying Agent by which they are redeemed, exchanged paid or paid. In addition, the relevant Issuer shall as soon as reasonably practicable notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer or any of its Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Notes) 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 surrenderedexchanged. Each of the Paying Agents shall give to the Global Agent details of all payments made by it and shall deliver a certificate of destruction for all cancelled Notes, Receipts, Coupons and Talons to the Global Agent or as the Agent may specify. If the Issuer purchases to any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions authorized from time to time in the form agreed to writing by the Global Agent or Paying Agent confirming the details to accept delivery of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased cancelled Notes, Receipts, Coupons and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the NotesTalons.

CANCELLATION OF NOTES, RECEIPTS, COUPONS AND TALONS. 11.1 12.1 All Notes which are redeemed, all Global Notes which are exchanged in full, 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 or paid. In addition, the relevant Issuer or the Guarantor, as the case may be, shall as soon as reasonably practicable immediately notify the Agent in writing of all Notes which are purchased on behalf of the relevant Issuer Issuer, if applicable, the Guarantor or any of its their Subsidiaries and all such Notes are surrendered to a Paying Agent for cancellation, together (in the case of Definitive Notes) 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 Agent details of all payments made by it and shall deliver all cancelled Notes, Receipts, Coupons and Talons to the Agent or as the Agent may specify. If the Issuer purchases any of its Notes for cancellation, the Issuer shall provide the Agent or Paying Agent instructions in the form agreed to by the Agent or Paying Agent confirming the details of the Notes to be purchased. The Issuer shall provide the instructions to the Agent or Paying Agent no later than two (2) Business Days prior to the date on which the Notes are intended to be purchased and cancelled. Once the Notes have been received by the Agent or Paying Agent, it will request the immediate cancellation of the Notes./Securities.‌