Common use of Cancellation of Securities Paid, etc Clause in Contracts

Cancellation of Securities Paid, etc. Securities of any series surrendered for the purpose of payment, redemption, exchange or registration of transfer and all coupons surrendered for payment, shall, if surrendered to the Company or any paying agent, be surrendered 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 or of such series of Securities. The Trustee shall destroy or otherwise dispose of, or retain in accordance with its standard retention policy, at its discretion, canceled Securities or coupons and, where applicable, deliver a certificate of such destruction or retention to the Company. If the Company shall acquire any of the Securities or coupons, however, 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 surrendered to the Trustee for cancellation.

Cancellation of Securities Paid, etc. Securities of any series surrendered for the purpose of payment, redemption, exchange or registration of transfer and all coupons surrendered for payment, shall, if surrendered to the Company or any paying agent, be surrendered 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 or of such series of Securities. The Trustee shall destroy or otherwise dispose of, or retain in accordance with its standard retention policy, at its discretion, canceled cancelled Securities or coupons and, where applicable, deliver a certificate of such destruction or retention to the Company. If the Company shall acquire any of the Securities or coupons, however, 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 surrendered to the Trustee for cancellation.

Cancellation of Securities Paid, etc. Securities of any series surrendered for the purpose of payment, redemption, exchange or registration of transfer and all coupons surrendered for payment, shall, if surrendered to the Company or any paying agent, be surrendered 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 or of such series of Securities. The Trustee shall destroy or otherwise dispose of, or retain in accordance with its standard retention policy, at its discretion, canceled Securities or coupons and, where applicable, deliver a certificate of such destruction or retention to the Company. If the Company shall acquire any of the Securities or coupons, however, 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 surrendered to the Trustee for cancellation.. ARTICLE THREE

Cancellation of Securities Paid, etc. All Securities of any series surrendered for the purpose of payment, redemption, repayment, exchange or registration of transfer and all coupons surrendered or for payment, credit against any sinking fund shall, if surrendered to the Company, any Security registrar, any paying agent or any other agent of the Company or any paying agentof the Trustee, be surrendered delivered to the Trustee for cancellationand promptly cancelled by it, or, if surrendered to the Trustee, shall be canceled promptly 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 or of such series of SecuritiesIndenture. The Trustee shall destroy or otherwise may dispose of, or retain of cancelled Securities in accordance with its standard retention policy, at its discretion, canceled Securities or coupons customary procedures and, where applicableupon written request of the Company, deliver a certificate of such destruction or retention disposition to the Company or, at the written request of the Company, shall deliver cancelled Securities to the Company. If the Company shall acquire any of the Securities or couponsSecurities, however, 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 surrendered delivered to the Trustee for cancellation.