Common use of Cancellation of Offered Notes Clause in Contracts

Cancellation of Offered Notes. Each Offered Note Registrar must cancel or destroy all Offered Notes that have been surrendered to it for transfer, exchange or replacement (including any Offered Book Entry Notes surrendered pursuant to clause 3.4(b) of the Offered Note Trust Deed) or surrendered to a Paying Agent for redemption and delivered to that Offered Note Registrar and must, upon request, provide a certificate to the Issuer, the Offered Note Trustee or the Manager with the details of all such Offered Notes.