Common use of Cancellation of Notes Clause in Contracts

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transfer, exchange or prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement Obligations. The Owner Trustee may at any time deliver to the Indenture Trustee for cancellation any Note previously authenticated and delivered hereunder which the Owner Trustee may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 except as expressly permitted by this Indenture. All canceled Notes shall be held and disposed of by the Indenture Trustee in accordance with its standard retention and disposal policy.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled cancelled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled cancelled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled cancelled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled cancelled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be destroyed or returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee. The Indenture Trustee shall certify to the Issuer that surrendered Notes have been duly canceled and retained or destroyed, as the case may be.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transfer, exchange or prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement Obligations. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 except as expressly permitted by this Indenture. All canceled Notes shall be held and disposed of by the Indenture Trustee in accordance with its standard retention and disposal policy.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled cancelled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer EXHIBIT 4.6 may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled cancelled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled cancelled as provided in this Section 2.10 2.9, except as expressly permitted by this Indenture. All canceled cancelled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be destroyed or returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee.

Cancellation of Notes. All certificated Notes surrendered for --------------------- payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; provided, however, that such Issuer -------- ------- Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee. The Indenture Trustee shall certify to the Issuer, upon written request, that surrendered Notes have been duly canceled and retained or destroyed, as the case may be.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Owner Trustee shall direct by an Issuer Order that they be returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee. The Indenture Trustee shall certify to the Owner Trustee that surrendered Notes have been duly canceled and retained or destroyed, as the case may be.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee. The Indenture Trustee shall certify to the Issuer, upon written request, that surrendered Notes have been duly canceled and retained or destroyed, as the case may be.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee, as directed in writing by the Issuer. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled cancelled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled cancelled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled cancelled as provided in this Section 2.10 2.9, except as expressly permitted by this Indenture. All canceled cancelled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be destroyed or returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoeverwhatsoever (other than for deposit in the Reserve Fund), and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; provided, however, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee. The Indenture Trustee shall certify to the Issuer that surrendered Notes have been duly cancelled and retained or destroyed, as the case may be.

Cancellation of Notes. All certificated Notes surrendered for --------------------- payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as ----------- expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; provided, however, that such Issuer -------- ------- Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transfer, exchange or prepayment shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided provided, that no Class A Note shall be canceled if such payment is made from funds paid under the Class A Note Policy until the Class A Note Insurer has confirmed to the Indenture Trustee in writing that it has received all Reimbursement Obligations. The Owner Trustee Issuers may at any time deliver to the Indenture Trustee for cancellation any Note previously authenticated and delivered hereunder which the Owner Trustee Issuers may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 3.09 except as expressly permitted by this Indenture. All canceled Notes shall be held and disposed of by the Indenture Trustee in accordance with its standard retention and disposal policy.

Cancellation of Notes. All certificated Notes surrendered for payment, registration of transferredemption, exchange or prepayment registration of transfer shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by it; provided that no Note shall be canceled if such payment is made from funds paid under the Note Policy until the Note Insurer has received all Reimbursement ObligationsIndenture Trustee. The Owner Trustee Issuer may at any time deliver to the Indenture Trustee for cancellation any Note Notes previously authenticated and delivered hereunder which the Owner Trustee Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly canceled by the Indenture Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 2.10 2.8, except as expressly permitted by this Indenture. All canceled Notes shall may be held and or disposed of by the Indenture Trustee in accordance with its standard retention or disposal policy as in effect at the time unless the Issuer shall direct by an Issuer Order that they be returned to it; PROVIDED, HOWEVER, that such Issuer Order is timely and disposal policythe Notes have not been previously disposed of by the Indenture Trustee. The Indenture Trustee shall certify to the Issuer that surrendered Notes have been duly canceled and retained or destroyed, as the case may be.