Common use of Cancellation of replaced Certificates Clause in Contracts

Cancellation of replaced Certificates. The Registrar shall cancel or procure the cancellation of any mutilated or defaced Certificates surrendered to it for replacement. Unless otherwise instructed by the Issuer, the Registrar shall destroy or procure the destruction of such cancelled Certificates and upon request by the Issuer or the Trustee, furnish the Issuer, the Trustee and the Principal Agent with a certificate confirming such destruction and containing the information specified in Clause 8.3.

Cancellation of replaced Certificates. The Registrar shall cancel or procure the cancellation of any mutilated or defaced Certificates surrendered to it for replacement. Unless otherwise instructed by the IssuerCompany, the Registrar shall destroy or procure the destruction of such cancelled Certificates and upon request by the Issuer Company or the Trustee, furnish the IssuerCompany, the Trustee and the Principal Agent with a certificate confirming such destruction and containing the information specified in Clause 8.3.