Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 5 contracts
Samples: Indenture (Comcast Cable Communications LLC), Indenture (Comcast Corp), Indenture (Comcast Cable Communications Inc)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Issuer or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose shall, unless instructed to deliver the Securities to the Issuer in an Issuer Order, destroy such cancelled Securities and deliver certification of canceled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of their destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 5 contracts
Samples: Indenture (Idacorp Trust Iii), Indenture (Idacorp Trust Iii), Indenture (Idacorp Trust Iii)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fundfund and all Coupons surrendered for payment or exchange, shall, if surrendered to the Issuer Company or any agent of the Issuer Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof thereof, except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the IssuerCompany. If the Issuer Company shall acquire any of the SecuritiesSecurities and Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities and Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 5 contracts
Samples: Indenture (Cna Financial Corp), Indenture (Enhance Financial Services Group Inc), Indenture (Enhance Financial Services Group Inc)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, and all Coupons surrendered for payment or exchange, if surrendered to the Issuer or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; , and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of destroy canceled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 4 contracts
Samples: Indenture (Itt Corp /Nv/), Indenture (Itt Corp /Nv/), Indenture (Sheraton Holding Corp)
Cancellation of Securities; Destruction Thereof. All Unless otherwise provided with respect to any series of Securities, all Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled cancel Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction cancellation to the Issuer at the Issuer's written direction. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 4 contracts
Samples: Indenture (Universal Health Services Inc), Indenture (Emerson Electric Co), Indenture (Emerson Electric Co)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fundfund and all Coupons surrendered for payment or exchange, shall, if surrendered to the Issuer Issuer, Parent or any agent of the Issuer Issuer, Parent or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof thereof, except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer or Parent shall acquire any of the SecuritiesSecurities and Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities and Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 4 contracts
Samples: Indenture (Whirlpool Corp /De/), Indenture (Whirlpool Emea Finance S.A R.L.), Indenture (Whirlpool Corp /De/)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Company or any agent of the Issuer Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; it and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall may, subject to the record retention requirements of the Exchange Act, as amended, dispose of canceled Securities held by it in accordance with its procedures for the record retention policies disposition of canceled securities in effect as of the Trustee in effect from time to time and, if date of such canceled certificates are destroyed, shall disposition and upon request therefor deliver a certificate of destruction disposition to the IssuerCompany unless the Company instructs the Trustee in writing to return the canceled Securities to the Company. If the Issuer Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 3 contracts
Samples: Indenture (Hanson PLC), Indenture (Hanson PLC), Indenture (Hanson PLC)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversioncancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. The On written request of the Issuer at the time of such surrender, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall dispose of canceled cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall its customary procedures and deliver a certificate of destruction disposition to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 3 contracts
Samples: Indenture (NBCUniversal Media, LLC), Indenture (Comcast Corp), Indenture (NBCUniversal Media, LLC)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. On written request of the Issuer at the time of such surrender, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee. The Trustee shall dispose of canceled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction cancellation to the Issuer, upon request. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 3 contracts
Samples: Trust Indenture (Leidos, Inc.), Indenture (Leidos Holdings, Inc.), Indenture (Leidos Holdings, Inc.)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled cancelled certificates are destroyed, shall deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 3 contracts
Samples: Indenture (Planetout Inc), Indenture (Comcast Corp), Indenture (Comcast Corp)
Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Progressive Corp/Oh/), Indenture (Progressive Corp/Oh/)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Company or any agent of the Issuer Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. The On written request of the Company at the time of such surrender, the Trustee shall dispose deliver to the Company the Securities cancelled by the Trustee. In the absence of canceled such request, the Trustee shall destroy cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyedupon request, shall deliver a certificate of destruction to the IssuerCompany. If the Issuer Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Palo Alto Networks Inc), Indenture (Palo Alto Networks Inc)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversioncancellation, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Company or any agent of the Issuer Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. The On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company the Securities cancelled by the Trustee. In the absence of such request, the Trustee shall dispose of canceled cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall its customary procedures and deliver a certificate of destruction disposition to the IssuerCompany. If the Issuer Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Cisco Systems, Inc.), Indenture (Cisco Systems, Inc.)
Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, retirement, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of such destruction to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (J P Morgan Chase & Co), Indenture (J P Morgan Chase & Co)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Issuer, or any agent of the Issuer Issuer, or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by itit in accordance with its customary procedures; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose shall, subject to the record retention requirements of canceled the Exchange Act, as amended, destroy cancelled Securities held by it in accordance with the record retention policies and upon written request of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall Issuer deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Nokia Corp), Indenture (Nokia Corp)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, repurchase, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Loop Media, Inc.), Indenture (Formfactor Inc)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Issuer, or any agent of the Issuer Issuer, or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by itit in accordance with its then customary procedures; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall shall, subject to the record retention requirements of the Securities Exchange Act of 1934, as amended, dispose of canceled cancelled Securities held by it in accordance with the record retention policies its then customary procedures and upon written request of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall Issuer deliver a certificate of destruction disposal to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Astrazeneca PLC), Indenture (Astrazeneca PLC)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled Securities held by it in accordance with its policy of disposal or, upon the record retention policies written request of the Trustee in effect from time to time andIssuer, if deliver such canceled certificates are destroyed, shall deliver a certificate of destruction Securities to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Tyco International LTD /Ber/), Subordinated Indenture (Tyco International LTD /Ber/)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Issuer, or any agent of the Issuer Issuer, or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by itit in accordance with its customary procedures; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall shall, subject to the record retention requirements of the Exchange Act, dispose of canceled cancelled Securities held by it in accordance with the record retention policies and upon written request of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall Issuer deliver a certificate of destruction disposal to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Smith & Nephew PLC), Indenture (Smith & Nephew PLC)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for any future credit against any payment in respect of a sinking or analogous fundfund which have been otherwise acquired by Issuer and all Coupons surrendered for payment or exchange, shall, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; and no Securities or Coupons shall be issued in lieu thereof thereof, except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of destroy canceled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities and Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities and Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (General Mills Inc), Indenture (General Mills Inc)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for exchange for Securities of the same series or for payment, redemption, conversion, registration of transfer or exchangetransfer, conversion or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Company or the Guarantor[s] or any agent of the Issuer Company, the Guarantor[s] or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction disposition to the IssuerCompany. If the Issuer Company or the Guarantor[s] shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness Debt represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Discovery Communications, LLC), Indenture (Discovery Communications, LLC)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Issuer Company or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled All cancelled Securities held by it the Trustee shall be disposed of by the Trustee in accordance with its normal operating procedures, unless by a company order the record retention policies of the Trustee in effect from time Company directs their return to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the Issuerit. If the Issuer Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Junior Subordinated Indenture (Endurance Specialty Holdings LTD), Subordinated Indenture (MRH Capital Trust I)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, and all Coupons surrendered for payment or exchange, if surrendered to the Issuer or any Paying Agent, conversion agent of the Issuer or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 2 contracts
Samples: Indenture (Itt Corp /Nv/), Indenture (Itt Corp /Nv/)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Issuer Company or any agent of the Issuer Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof thereof, except as expressly permitted by any of the provisions of this Indenture. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold and all Securities so delivered shall be promptly cancelled by the Trustee. The Trustee shall dispose of canceled return cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the IssuerCompany. If the Issuer Company shall acquire any of the Securities, such acquisition shall not -16- operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (FMC Corp)
Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, retirement, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of such destruction to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee for cancellation.. 15 14
Appears in 1 contract
Samples: Indenture (J P Morgan Chase & Co)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, and all Coupons surrendered for payment or exchange, if surrendered to the Issuer or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Itt Corp)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Issuer Company or the Guarantor or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled shall, unless instructed to deliver the Securities held by it to the Company in a Company Order, destroy such cancelled Securities in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the Issuerits customary procedures. If the Issuer Company or the Guarantor shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversionrepayment, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee or its agent shall dispose of canceled destroy cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer or its agent shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee or its agent for cancellationcancellation The Issuer may also deliver to the Trustee or any agent of the Trustee for cancellation any Securities previously authenticated hereunder that the Issuer has not issued and sold.
Appears in 1 contract
Samples: Subordinated Debt Indenture (Transcanada Pipelines LTD)
Cancellation of Securities; Destruction Thereof. All Unless otherwise provided with respect to any series of Securities, all Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled cancel Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction cancellation to the Issuer at the Issuer’s written direction. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Cancellation of Securities; Destruction Thereof. All ----------------------------------------------- Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fundfund and all Coupons surrendered for payment or exchange, shall, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof thereof, except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities and Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities and Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Dow Chemical Co /De/)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. The On written request of the Issuer at the time of such surrender, the Trustee shall dispose deliver to the Issuer the Securities cancelled by the Trustee. In the absence of canceled such request, the Trustee shall cancel Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall its customary procedures and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Roper Technologies Inc)
Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Progressive Corp/Oh/)
Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, retirement, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (J P Morgan Chase & Co)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Mediaone Group Inc)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Issuer, or any agent of the Issuer Issuer, or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by itit in accordance with its customary procedures; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose shall, subject to the record retention requirements of canceled the Securities Exchange Act of 1934, as amended, destroy cancelled Securities held by it in accordance with the record retention policies and upon written request of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall Issuer deliver a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Astrazeneca PLC)
Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for exchange for Securities of the same series or for payment, redemption, conversion, registration of transfer or exchangetransfer, conversion or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction disposition to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness Debt represented by such Securities or Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Texas Instruments Inc)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by itit provided all conditions regarding such cancellation have been met; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall cancel and dispose of canceled all Securities held by it surrendered for registration of transfer, exchange, payment or cancellation in accordance with the record retention policies Trustee's policy of disposal unless the Issuer instructs the Trustee in effect from time writing to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction the Securities to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (NRG Energy Inc)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, and all Coupons surrendered for payment or exchange, if surrendered to the Issuer Company or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities or Coupons shall be issued authenticated and delivered in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the IssuerCompany. If the Issuer Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities securities, unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Cancellation of Securities; Destruction Thereof. All Securities and Coupons surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of return canceled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the IssuerIssuer upon its written request. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Timken Co)
Cancellation of Securities; Destruction Thereof. All ----------------------------------------------- Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Company or any agent of the Issuer Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled deliver cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the IssuerCompany. If the Issuer Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversionrepayment, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee or its agent shall dispose of canceled destroy cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer. If the Issuer or its agent shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee or its agent for cancellation. The Issuer may also deliver to the Trustee or any agent of the Trustee for cancellation any Securities previously authenticated hereunder that the Issuer has not issued and sold.
Appears in 1 contract
Cancellation of Securities; Destruction Thereof. All ----------------------------------------------- Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled by itit provided all conditions regarding such cancellation have been met; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall cancel and dispose of canceled all Securities held by it surrendered for registration of transfer, exchange, payment or cancellation in accordance with the record retention policies Trustee's policy of disposal unless the Issuer instructs the Trustee in effect from time writing to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction the Securities to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Issuer Company or the Guarantor or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled shall, unless instructed to deliver the Securities held by it to the Company in accordance with the record retention policies of the Trustee in effect from time to time a Company Order, destroy such cancelled Securities and, if such canceled certificates are destroyedupon the Company's written request, shall deliver a certificate certification of their destruction to the IssuerCompany. If the Issuer Company or the Guarantor shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Issuer Company or the Guarantor or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled shall, unless instructed to deliver the Securities held by it to the Company in accordance with the record retention policies of the Trustee in effect from time to time a Company Order, destroy such cancelled Securities and, if such canceled certificates are destroyedupon the Company’s written request, shall deliver a certificate certification of their destruction to the IssuerCompany. If the Issuer Company or the Guarantor shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The On written request of the Issuer at the time of such surrender, the Trustee shall dispose of canceled destroy cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time andits customary procedures and applicable law and upon written request, if such canceled certificates are destroyed, shall deliver a certificate confirmation of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Lightning eMotors, Inc.)
Cancellation of Securities; Destruction Thereof. All ----------------------------------------------- Securities and Coupons surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or ?? analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled cancelled Securities and Coupons held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction disposition to the Issuer. If the Issuer shall acquire any of the SecuritiesSecurities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Weyerhaeuser Co)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Issuer Company or any agent of the Issuer Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; , and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled All cancelled Securities held by it the Trustee shall be disposed of by the Trustee in accordance with its customary procedures, unless by a Company Order the record retention policies of the Trustee in effect from time Company directs their return to time and, if such canceled certificates are destroyed, shall deliver a certificate of destruction to the Issuerit. If the Issuer Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Junior Subordinated Indenture (Quanta Capital Holdings LTD)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled destroy cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction to the Issuer unless by a written request signed by two officers of the Issuer, the Issuer shall direct that cancelled Securities be returned to it. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract
Samples: Indenture (Science Applications International Corp)
Cancellation of Securities; Destruction Thereof. All Securities surrendered for exchange for Securities of the same series or for payment, redemption, conversion, registration of transfer or exchangetransfer, conversion or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer Company or the Guarantor or any agent of the Issuer Company, the Guarantor or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be canceled cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of canceled cancelled Securities held by it in accordance with the record retention policies of the Trustee in effect from time to time and, if such canceled certificates are destroyed, shall and deliver a certificate of destruction disposition to the IssuerCompany. If the Issuer Company or the Guarantor shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness Debt represented by such Securities unless and until the same are delivered to the Trustee for cancellation.
Appears in 1 contract