Common use of Cancellation Clause in Contracts

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 364 contracts

Samples: Indenture (Unicycive Therapeutics, Inc.), Indenture (Unicycive Therapeutics, Inc.), Indenture (Aerovate Therapeutics, Inc.)

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Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 59 contracts

Samples: Indenture (Independent Bank Corp /Mi/), Indenture (Rbi Capital Trust I), Indenture (Independent Bank Corp /Mi/)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company evidence of cancellation for such canceled Securities held by the Trustee. In the absence of such request the The Trustee may shall cancel and dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 30 contracts

Samples: Indenture (Kymera Therapeutics, Inc.), Indenture (Kymera Therapeutics, Inc.), Indenture (Brainstorm Cell Therapeutics Inc.)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 27 contracts

Samples: Indenture (Singing Machine Co Inc), Indenture (Singing Machine Co Inc), Indenture (Ault Global Holdings, Inc.)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 27 contracts

Samples: Indenture (San Rafael Bancorp), Indenture (S.Y. Bancorp Capital Trust II), Indenture (Alabama National Bancorporation)

Cancellation. All Securities surrendered for the purpose of payment, redemption, repurchase, repayment, exchange or registration of transfer or for credit against any sinking fund payment shall, if surrendered to the Company or any paying agentagent of the Company or of the Trustee, be delivered to the Trustee for cancellation, and promptly cancelled by it or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by or pursuant to any of the provisions of this Indenture. On request of the Company at the time of such surrender, the The Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled cancelled Securities in accordance with its standard procedures and customary manner and, upon written request, deliver a certificate of disposition such disposal to the Company or, if requested to do so by the Company, shall return such cancelled Securities to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 17 contracts

Samples: Indenture (Accenture PLC), Indenture (Accenture Global Capital DAC), Indenture (Accenture Global Capital DAC)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company Corporation or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company Corporation at the time of such surrender, the Trustee shall deliver to the Company Corporation canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company Corporation shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 11 contracts

Samples: Indenture (Southern Community Financial Corp), Indenture (Apab Capital Trust I), Indenture (Metropolitan Financial Corp /Oh/)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 10 contracts

Samples: Indenture (Spectrum Pharmaceuticals Inc), Subordinated Debt Securities Indenture (Spectrum Pharmaceuticals Inc), Indenture (Americredit Capital Trust I)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 8 contracts

Samples: Indenture (Freeport-McMoran Inc), Indenture (Freeport-McMoran Inc), Indenture (Net 1 Ueps Technologies Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company evidence of cancellation for such canceled Securities held by the Trustee. In the absence of such request the The Trustee may shall cancel and dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 8 contracts

Samples: Indenture (Protagonist Therapeutics, Inc), Indenture (Twilio Inc), Indenture (Repligen Corp)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company any canceled Securities held by the Trustee. In the absence of such request request, the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 8 contracts

Samples: Indenture (Protalix BioTherapeutics, Inc.), Indenture (Protalix BioTherapeutics, Inc.), Indenture (Brickell Biotech, Inc.)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, cancellation or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled any cancelled Securities held by the Trustee. In the absence of such request request, the Trustee may dispose of canceled cancelled Securities in accordance with its standard procedures and deliver a certificate of disposition to the CompanyCompany upon its request therefor. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 7 contracts

Samples: Indenture (Amerant Bancorp Inc.), Indenture (Amerant Florida Bancorp Inc.), Indenture (Amerant Bancorp Inc.)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 6 contracts

Samples: Indenture (Bankunited Capital Iii), Indenture (Fidelity Capital Trust I), Indenture (Pittsburgh Home Capital Trust I)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange exchange, conversion or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 5 contracts

Samples: Indenture (Southside Capital Trust Ii), Indenture (Ifc Capital Trust Ii), Indenture (Greater Atlantic Financial Corp)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request request, the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 4 contracts

Samples: Indenture (Pike Corp), Indenture (Pike Corp), Indenture (Pike Equipment & Supply Company, LLC)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled cancelled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled cancelled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 4 contracts

Samples: Indenture (Steelcase Inc), Indenture (Steelcase Inc), Indenture (Steelcase Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 4 contracts

Samples: Indenture (Human Genome Sciences Inc), Indenture (Computer Sciences Corp), Indenture (Computer Sciences Corp)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On timely written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such written request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 3 contracts

Samples: Senior Indenture (SiriusPoint LTD), Indenture (Jackson Financial Inc.), Indenture (SiriusPoint LTD)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shalltransfer, if surrendered to the Company Issuers or any paying agent, shall be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by itit in accordance with its applicable procedures, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company Issuers at the time of such surrender, the Trustee shall deliver to the Company canceled Issuers evidence of the cancellation of Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company Issuers shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 3 contracts

Samples: Indenture (ADT Inc.), Indenture (ADT Inc.), Indenture (ADT Inc.)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence written confirmation of such request the cancellation. The Trustee may dispose of canceled such Securities in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 3 contracts

Samples: Indenture (Athene Holding Ltd.), Indenture (Athene Holding Ltd.), Indenture (Athene Holding LTD)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer or for credit against any sinking fund shall, if surrendered to the Company or any paying agentPaying Agent or any Securities Registrar, be delivered surrendered to the Trustee for cancellationand promptly cancelled by it, or, if surrendered to the Trustee, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the The Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled cancelled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Companycustomary procedures. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered surrendered to the Trustee for cancellation.

Appears in 3 contracts

Samples: Subordinated Debt Indenture (Citizens Funding Trust IV), Indenture (Citizens Funding Trust IV), Junior Subordinated Debt Indenture (Citizens Funding Trust IV)

Cancellation. All Securities Debentures surrendered for the purpose of ------------ payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Abc Bancorp Capital Trust I), Indenture (Abc Bancorp Capital Trust I)

Cancellation. All Securities Bonds surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities Bonds shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Bonds held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Bonds in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesBonds, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Bonds unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (GK Investment Holdings, LLC), Indenture (GK Investment Holdings, LLC)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company certification of canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Brocade Communications Systems Inc), Indenture (Brocade Communications Systems Inc)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrenderCompany, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Hei Preferred Funding L P), Junior Indenture (Hawaiian Electric Industries Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shalltransfer, if surrendered to the Company Company, the Guarantor or any paying agent, shall be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company or the Guarantor at the time of such surrender, the Trustee shall deliver to the Company or the Guarantor, as applicable, canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company or the Guarantor shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Thermo Fisher Scientific Inc.), Indenture (Thermo Fisher Scientific (Finance I) B.V.)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a -11- redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Subordinated Indenture (Staples Inc), Subordinated Indenture (Nitromed Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Novamed Inc), Indenture (Marsh & McLennan Companies Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company evidence of cancellation for such canceled Securities held by the Trustee. In the absence of such request the The Trustee may shall cancel and dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the CompanyCompany upon request. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Xeris Biopharma Holdings, Inc.), Indenture (Xeris Pharmaceuticals Inc)

Cancellation. All Securities Notes surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities Notes shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On the prompt written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Notes held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Notes in accordance with its standard procedures and and, upon written request of the Company, deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesNotes, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Notes unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (International Flavors & Fragrances Inc), Indenture (Nutrition & Biosciences, Inc.)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shalltransfer, if surrendered to the Company or any paying agent, shall be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by itit in accordance with its customary procedures, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled evidence of the cancellation of such Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Nike Inc), Indenture (Nike Inc)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Franklin Capital Trust I), Indenture (Eagle Bancshares Inc)

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Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness Indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Geo Group Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shalltransfer, if surrendered to the Company or any paying agent, shall be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Tyco International LTD /Ber/)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, cancellation or if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Southside Capital Trust I)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled cancelled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled cancelled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Noram Financing Ii)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company a certificate of cancellation for such canceled Securities held by the Trustee. In the absence of such request the The Trustee may shall cancel and dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Amag Pharmaceuticals Inc.)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shalltransfer, if surrendered to the Company Issuer or any paying agent, shall be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by itit in accordance with its applicable procedures, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company Issuer at the time of such surrender, the Trustee shall deliver to the Company canceled Issuer evidence of the cancellation of Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company Issuer shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (ADT Inc.)

Cancellation. All Securities and Coupons surrendered for the purpose of payment, redemption, exchange or registration of transfer shallor exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Company, any Security Registrar, any Paying Agent or any other agent of the Company or any paying agentagent of the Trustee, shall be delivered to the Trustee for cancellation, and promptly canceled by it or, if surrendered to the Trustee, shall be cancelled promptly canceled by it, ; and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the The Trustee shall deliver to the Company canceled Securities and Coupons held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition it to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Contifinancial Corp)

Cancellation. All Securities and Coupons surrendered for the purpose of payment, redemption, exchange or registration of transfer shallor exchange, or for credit against any payment in respect of any sinking or analogous fund, if surrendered to the Company Corporation or any paying agentagent of the Corporation or any agent of the Trustee, shall be delivered to the Trustee for cancellation, cancellation or, if surrendered to the Trustee, shall be cancelled by it, ; and no Securities or Coupons shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the The Trustee shall deliver to the Company canceled dispose of cancelled Securities and Coupons held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures it and deliver a certificate of disposition to the CompanyCorporation. If the Company Corporation or its agent shall otherwise acquire any of the Securities, howeverSecurities or Coupons, 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 delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Trust Indenture (Union Pacific Resources Group Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (International Flavors & Fragrances Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, repurchase, repayment, exchange or registration of transfer or for credit against any sinking fund payment shall, if surrendered to the Company Companies or any paying agentagent of the Companies or of the Trustee, be delivered to the Trustee for cancellation, and promptly cancelled by it or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by or pursuant to any of the provisions of this Indenture. On request of the Company at the time of such surrender, the The Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled cancelled Securities in accordance with its standard procedures and customary manner and, upon written request, deliver a certificate of disposition such disposal to the Company. If Companies or, if requested to do so by the Company Companies, shall otherwise acquire any of the Securities, however, return such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such cancelled Securities unless and until the same are delivered to the Trustee for cancellationCompanies.

Appears in 1 contract

Samples: Indenture (Accenture Global Capital DAC)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled cancelled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled cancelled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness Indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Pikeville National Corp)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.. 19NEXT PAGE

Appears in 1 contract

Samples: Indenture (Itla Capital Corp)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company Issuers or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company Issuers at the time of such surrender, the Trustee shall deliver to the Company Issuers canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the CompanyIssuers. If the Company Issuers shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (American Realty Capital Properties, Inc.)

Cancellation. All Securities surrendered for the purpose ------------ of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled cancelled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled cancelled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Steelcase Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Kmart Corp)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and and, on request of the Company, deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Gladstone Capital Corp)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof thereof, except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request request, the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Taylor Capital Group Inc)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence evidence of cancellation of such request the Securities. The Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Companyprocedures. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Echo Global Logistics, Inc.)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or exchange, registration of transfer or for credit against any sinking fund payment, and all coupons surrendered for payment, as the case may be, shall, if surrendered to the Company or any paying agentagent of the Company or of the Trustee, be delivered to the Trustee for cancellation, and promptly cancelled by it or, if surrendered to the Trustee, shall be cancelled by it, and no Securities or coupons shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the The Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled cancelled Securities and coupons in accordance with its standard procedures and customary manner and, upon written request, deliver a certificate of disposition such disposal to the Company or, if requested to do so by the Company, shall return such cancelled Securities and coupons to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Aon Corp)

Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard -11- procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Junior Subordinated Indenture (Kti Inc)

Cancellation. All Securities Debentures surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agentPaying Agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled canceled by it, and no Securities Debentures shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities Debentures held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities Debentures in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the SecuritiesDebentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities Debentures unless and until the same are delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (NPB Capital Trust Ii)

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