Common use of Cancellation of Surrendered Debt Securities Clause in Contracts

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in its customary manner. On request of the Company, the Trustee shall deliver to the Company canceled Debt Securities held by the Trustee. If either Issuer shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers may not issue new Debt Securities to replace Debt Securities that have been redeemed, paid or delivered to the Trustee for cancellation.

Appears in 3 contracts

Samples: Indenture (Cloud Peak Energy Resources LLC), Indenture (Cloud Peak Energy Finance Corp.), Indenture (Cloud Peak Energy Finance Corp.)

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Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company Issuers or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in its customary manner. On request of the CompanyIssuers, the Trustee shall deliver to the Company Issuers canceled Debt Securities held by the Trustee. If either Issuer the Issuers shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers may not issue new Debt Securities to replace Debt Securities that have been it has redeemed, paid or delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Senior Indenture (Eott Energy Operating Lp), Indenture (Plains All American Pipeline Lp)

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company Issuer or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in its customary manner. On request of the CompanyIssuer, the Trustee shall deliver to the Company Issuer canceled Debt Securities held by the Trustee. If either the Issuer shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers Issuer may not issue new Debt Securities to replace Debt Securities that have been it has redeemed, paid or delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Senior Indenture (MarkWest New Mexico LP), Subordinated Indenture (MarkWest New Mexico LP)

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in accordance with its customary mannerprocedures, and certification by the Trustee of their disposition shall be delivered to the Company, unless otherwise directed. On request of the Company, the Trustee shall deliver to the Company canceled Debt Securities held by the Trustee. If either Issuer the Company shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers Company may not issue new Debt Securities to replace Debt Securities that have been it has redeemed, paid or delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Unit Corp), Indenture (Unit Corp)

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company an Issuer or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed destroyed in accordance with its standard procedures (subject to the record retention requirements of by the Trustee in its customary mannerExchange Act) and certification of their destruction delivered to the Issuers, unless otherwise directed. On request of the CompanyIssuers, the Trustee shall deliver to the Company Issuers canceled Debt Securities held by the Trustee. If either Issuer of the Issuers shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers may not issue new Debt Securities to replace Debt Securities that have been redeemed, paid or delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Subordinated Indenture (PSE Finance Corp), Senior Indenture (PSE Finance Corp)

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company Issuers or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in its customary manner. On request of the CompanyIssuers, the Trustee shall deliver to the Company Issuers canceled Debt Securities held by the Trustee. If either Issuer the Issuers shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers may not issue new Debt Securities to replace Debt Securities that have been it has redeemed, paid or delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Senior Indenture (PNG Finance Corp.), Subordinated Indenture (PNG Finance Corp.)

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in accordance with its customary manner. On request of the Companyprocedures, and certification by the Trustee of their cancellation shall deliver be delivered to the Company canceled Debt Securities held by the Trusteeat its written request. If either Issuer the Company shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers Company may not issue new Debt Securities to replace Debt Securities that have been it has redeemed, paid or delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Unit Corp)

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Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be promptly canceled by itit in accordance with its customary procedures, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed destroyed (subject to the record retention requirements of by the Trustee in its customary mannerExchange Act) and certification of their destruction delivered to the Company upon request, unless otherwise directed. On request of the Company, the Trustee shall deliver to the Company canceled Debt Securities held by the Trustee. If either Issuer the Company shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers Company may not issue new Debt Securities to replace Debt Securities that have been it has redeemed, paid or delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (RAIT Financial Trust)

Cancellation of Surrendered Debt Securities. All Debt ------------------------------------------- Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company Issuers or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in its customary manner. On request of the CompanyIssuers, the Trustee shall deliver to the Company Issuers canceled Debt Securities held by the Trustee. If either Issuer the Issuers shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers may not issue new Debt Securities to replace Debt Securities that have been it has redeemed, paid or delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Senior Indenture (Plains All American Pipeline Lp)

Cancellation of Surrendered Debt Securities. All Debt ------------------------------------------- Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Company Iss uers or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in its customary manner. On request of the CompanyIssuers, the Trustee shall deliver to the Company Issuers canceled Debt Securities held by the Trustee. If either Issuer the Issuers shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers may not issue new Debt Securities to replace Debt Securities that have been it has redeemed, paid or delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Subordinated Indenture (Plains All American Pipeline Lp)

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