Common use of Cancellation of Securities; Destruction Thereof Clause in Contracts

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Company or any agent of the Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the Indenture. 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 destroy cancelled Securities held by it and, upon request, deliver a certificate of destruction to the Company. If the 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: Palo Alto Networks Inc, Palo Alto Networks Inc

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Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Company or any agent of the Company or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof thereof, except as expressly permitted by any of the provisions of the this Indenture. On written request of the The Company may at the any time of such surrender, the Trustee shall deliver to the Trustee for cancellation any Securities previously authenticated hereunder which the Company the has not issued and sold and all Securities so delivered shall be promptly cancelled by the Trustee. In the absence of such request, the The Trustee shall destroy return cancelled Securities held by it and, upon request, deliver a certificate of destruction to the Company. If the 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 surrendered for payment, redemption, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if surrendered to the Company or any agent of the Company Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; , and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. 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 destroy All cancelled Securities held by it andthe Trustee shall be disposed of by the Trustee in accordance with its customary procedures, upon request, deliver unless by a certificate of destruction Company Order the Company directs their return to the Companyit. If the 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: Quanta Capital Holdings LTD

Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, 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 Company or any agent of the Company Paying Agent or the Trusteeany Securities Registrar, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be 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 the this Indenture. 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 The Trustee shall destroy cancelled Securities and Coupons held by it and, upon request, and deliver a certificate of destruction to the Company. If the 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

Samples: Bancorpsouth Inc

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Cancellation of Securities; Destruction Thereof. All Securities surrendered for exchange for Securities of the same series or for payment, redemption, registration of transfer or exchangetransfer, conversion or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Company or the Guarantor or any agent of the Company Company, the Guarantor or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the this Indenture. On written request of the Company at the time of such surrender, the The Trustee shall deliver to the Company the Securities cancelled by the Trustee. In the absence dispose of such request, the Trustee shall destroy cancelled Securities held by it and, upon request, and deliver a certificate of destruction disposition to the Company. If the 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

Samples: Discovery Communications, Inc.

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