Common use of Cancellation of Security Clause in Contracts

Cancellation of Security. Upon receipt by the Trustee of Securities of any series delivered to it for exchange under this Article Sixteen, the Trustee shall cancel and dispose of the same as provided in Section 309.

Appears in 15 contracts

Samples: Junior Subordinated Indenture (Delphi Financial Group Inc/De), Junior Subordinated Indenture (Delphi Financial Group Inc/De), Reconciliation And (Provident Companies Inc /De/)

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Cancellation of Security. Upon receipt by the Trustee of Securities of any series delivered to it for exchange or conversion under this Article Sixteen, the Trustee shall cancel and dispose of the same as provided in Section 309.

Appears in 2 contracts

Samples: Connecticut Southern Railroad Inc, Connecticut Southern Railroad Inc

Cancellation of Security. Upon receipt by the Trustee of Securities of any series delivered to it for exchange under this Article SixteenFourteen, the Trustee shall cancel and dispose of the same as provided in Section 309.

Appears in 1 contract

Samples: Jefferson Pilot Corp

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Cancellation of Security. Upon receipt by the Trustee of Securities of any series delivered to it for exchange under this Article SixteenTwelve, the Trustee shall cancel and dispose of the same as provided in Section 309.

Appears in 1 contract

Samples: Houston Industries Inc

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