Common use of Cancellation of Notes Clause in Contracts

Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes to the Trustee for cancellation. All Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Issuer or any Paying Agent, which shall initially be the Trustee, or any Note Registrar, be surrendered to the Trustee and promptly canceled by it or, if surrendered to the Trustee, shall be promptly 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 Trustee shall dispose of such canceled Notes in accordance with its customary procedures, with copies of such cancelled Notes and related documentation provided 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 6 contracts

Samples: Indenture (Essex Portfolio Lp), Indenture (Essex Portfolio Lp), Indenture (Essex Portfolio Lp)

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Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes to the Trustee for cancellation. All Notes surrendered for the purpose of payment, redemption, repurchase, conversion, exchange or registration of transfer shall, if surrendered to the Issuer or any paying agent to whom Notes may be presented for payment (the “Paying Agent”) or Conversion Agent, which shall initially be the Trustee, or any Note Registrar, be surrendered to the Trustee and promptly canceled by it or, if surrendered to the Trustee, shall be promptly 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 Trustee shall dispose of such canceled Notes in accordance with its customary procedures, with copies of such cancelled Notes and related documentation provided to the Issuer. If the Issuer shall acquire any of the Notes, such acquisition shall not operate as a redemption redemption, repurchase or satisfaction of the indebtedness represented by such Notes unless and until the same are delivered to the Trustee for cancellation.

Appears in 5 contracts

Samples: Indenture (Luminent Mortgage Capital Inc), Indenture (Istar Financial Inc), Indenture (RAIT Financial Trust)

Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes to the Trustee for cancellation. All Notes surrendered for the purpose of payment, redemption, repurchase, exchange or registration of transfer shall, if surrendered to the Issuer or any paying agent to whom Notes may be presented for payment (the “Paying Agent”) or Exchange Agent, which shall initially be the Trustee, or any Note Registrar, be surrendered to the Trustee and promptly canceled by it or, if surrendered to the Trustee, shall be promptly 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 Trustee shall dispose of such canceled Notes in accordance with its customary procedures, with copies of such cancelled Notes and related documentation provided to the Issuer. If the Issuer shall acquire any of the Notes, such acquisition shall not operate as a redemption redemption, repurchase or satisfaction of the indebtedness represented by such Notes unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (BioMed Realty Trust Inc), Indenture (BioMed Realty Trust Inc)

Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes to the Trustee for cancellation. All Notes surrendered for the purpose of payment, redemption, repurchase, conversion, exchange or registration of transfer shall, if surrendered to the Issuer or any paying agent to whom Notes may be presented for payment (the “Paying Agent”) or the Conversion Agent, which shall initially be the Trustee, or any Note Registrar, be surrendered to the Trustee and promptly canceled by it or, if surrendered to the Trustee, shall be promptly 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 Trustee shall dispose of such canceled Notes in accordance with its customary procedures, with copies of such cancelled Notes and related documentation provided to the Issuer. If the Issuer shall acquire any of the Notes, such acquisition shall not operate as a redemption redemption, repurchase 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: Ventas Inc

Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes to the Trustee for cancellation. All Notes surrendered for the purpose of payment, redemption, repurchase, exchange or registration of transfer shall, if surrendered to the Issuer or any paying agent to whom Notes may be presented for payment (the “Paying Agent,” which shall initially be the Trustee) or the Exchange Agent, which shall initially be the Trustee, or any Note Registrar, be surrendered to the Trustee and promptly canceled by it or, if surrendered to the Trustee, shall be promptly 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 Trustee shall dispose of such canceled Notes in accordance with its customary procedures, with copies a certificate of such cancelled Notes and related documentation cancellation provided to the Issuer, upon the Issuer’s written request. If the Issuer shall acquire any of the Notes, such acquisition shall not operate as a redemption redemption, repurchase 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 (Pennsylvania Real Estate Investment Trust)

Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes to the Trustee for cancellation. All Notes surrendered for the purpose of payment, redemption, repurchase, exchange or registration of transfer shall, if surrendered to the Issuer or any paying agent to whom Notes may be presented for payment (the “Paying Agent,” which shall initially be the Trustee) or the Exchange Agent, which shall initially be the Trustee, or any Note Registrar, be surrendered to the Trustee and promptly canceled by it or, if surrendered to the Trustee, shall be promptly 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 Trustee shall dispose of such canceled Notes in accordance with its customary procedures, with copies a certificate of such cancelled Notes and related documentation cancellation provided to the Issuer. If the Issuer shall acquire any of the Notes, such acquisition shall not operate as a redemption redemption, repurchase 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: Extra Space Storage Inc.

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Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes of any series to the Trustee for cancellation. All Notes of any series surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Issuer or any Paying Agent, which shall initially be the Trustee, or any Note Registrar, be surrendered to the Trustee and promptly canceled by it or, if surrendered to the Trustee, shall be promptly canceled by it and no Notes of such series shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of such canceled Notes of any series in accordance with its customary procedures, with copies of such cancelled Notes and related documentation provided to the Issuer. If the Issuer shall acquire any of the NotesNotes of any series, 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: Essex Portfolio Lp

Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes to the Trustee for cancellation. All Notes surrendered for the purpose of payment, redemption, repurchase, conversion, exchange or registration of transfer shall, if surrendered to the Issuer Company or any paying agent to whom Notes may be presented for payment (the “Paying Agent”) or conversion agent (the “Conversion Agent”), which which, in each case, shall initially be the Trustee, or any Note Registrar, be surrendered to the Trustee and promptly canceled by it or, if surrendered to the Trustee, shall be promptly 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 Trustee shall dispose of such canceled Notes in accordance with its customary procedures, with copies of such cancelled Notes and related documentation provided to the Issuer. If the Issuer Company shall acquire any of the Notes, such acquisition shall not operate as a redemption redemption, repurchase 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: Macerich Co

Cancellation of Notes. The Issuer at any time permitted hereunder may deliver Notes to the Trustee for cancellation. All Notes surrendered for the purpose of payment, redemption, transfer or exchange or registration of transfer shall, if surrendered to the Issuer or any Paying Agent, which shall initially be the Trustee, or any Note Registrar, be surrendered delivered to the Trustee and promptly canceled by it for cancellation or, if surrendered to the Trustee, shall be promptly canceled cancelled by it it, and no Notes shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. The Trustee shall dispose of hold all such canceled cancelled Notes until this Indenture shall have been discharged, at which time the Trustee shall either deliver such cancelled Notes in accordance with its customary proceduresa manner necessary to effect the discharge and release of this Indenture of record or, with copies of if no such delivery is necessary, shall destroy such cancelled Notes and related documentation provided deliver a certificate to the IssuerCompany certifying such destruction. If the Issuer any Obligor shall acquire any of the Notes, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are delivered surrendered to the Trustee trustee for cancellation.

Appears in 1 contract

Samples: Trust Indenture (Ramsay Health Care Inc)

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