Common use of Cancellation of Surrendered Securities Clause in Contracts

Cancellation of Surrendered Securities. The Company at any time may deliver Securities to the Trustee for cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered for payment 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 Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee and no one else shall cancel and destroy (subject to the record retention requirements of the Exchange Act) all Securities surrendered for registration of transfer, exchange, payment or cancellation and certification of their destruction shall be delivered to the Company, unless otherwise directed. On request of the Company, the Trustee shall deliver to the Company canceled Securities and Coupons held by the Trustee. 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 thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Company may not issue new Securities or Coupons to replace Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellation.

Cancellation of Surrendered Securities. The Company at any time may deliver Securities to the Trustee for cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered exchange, or for credit against any sinking fund payment or exchange shallwill, if surrendered to any Person other than the Company or any Paying Agent or a RegistrarTrustee, be delivered to the Trustee and will be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation by itany Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or if surrendered to any other Person for delivery to the Trustee, shall be canceled by it) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and no all Securities or Coupons shall so delivered will be issued promptly cancelled by the Trustee. No Securities will be authenticated in lieu thereof of or in exchange for any Securities cancelled as provided in this Section 2.08, except as expressly permitted by any of the provisions of this Indenture. The Trustee and no one else shall will cancel and destroy (subject to the record retention requirements of the Exchange Act) all Securities surrendered for registration of transfer, exchange, payment payment, replacement or cancellation and certification will destroy cancelled Securities (subject to applicable record retention requirements of their destruction shall the Exchange Act and the Trustee); provided that, in the case that the Trustee cannot destroy cancelled Securities because of applicable retention requirements of the Exchange Act and the Trustee, all Securities not so destroyed will be permanently and prominently marked by the Trustee as “cancelled”. Upon cancellation of the Securities provided for in this Section 2.08, such Securities will be null, void and of no further force or effect. Certification of the cancellation of all cancelled Securities will be delivered to the Company, unless otherwise directed. On request of the Company, the Trustee shall deliver to the Company canceled Securities and Coupons held by the Trustee. 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 thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Company may not issue new Securities or Coupons to replace Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellationupon request.

Cancellation of Surrendered Securities. The Company at any time may deliver Securities to the Trustee for cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered for payment 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 Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee and no one else shall cancel and destroy (subject to the record retention requirements of the Exchange Act) all Securities surrendered for registration of transfer, exchange, payment or cancellation and certification of their destruction shall be delivered to the Company, unless otherwise directed. On request of the Company, the Trustee shall deliver to the Company canceled Securities and Coupons held by the Trustee. 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 thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Company may not issue new Securities or Coupons to replace Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellation.