Common use of Cancellation of Securities Clause in Contracts

Cancellation of Securities. each Paying Agent shall cancel or procure the cancellation of each Temporary Global Security, Permanent Global Security, Definitive Security against surrender of which it has made full payment and shall (if at any time the Paying Agent is not the Fiscal Agent) deliver or procure the delivery of each Temporary Global Security, Permanent Global Security or Definitive Security so cancelled by it to the Fiscal Agent;