Common use of Destruction of Cancelled Certificates Clause in Contracts

Destruction of Cancelled Certificates. Whenever in this Trust Agreement provision is made for the surrender to or cancellation by the Trustee of any Certificates, the Trustee shall cancel and destroy such Certificates and deliver a certificate of such cancellation and destruction to the County.

Destruction of Cancelled Certificates. Whenever in this Trust Agreement provision is made for the surrender to or cancellation by the Trustee and the delivery to the District of any Certificates, the Trustee shall will cancel and destroy such Certificates and deliver a certificate of such cancellation and destruction to the CountyDistrict upon its request.

Destruction of Cancelled Certificates. Whenever in this Trust Agreement provision is made for the surrender to or cancellation by the Trustee and the delivery to the City of any Certificates, the Trustee shall will cancel and destroy such Certificates and deliver a certificate of such cancellation and destruction to the CountyCity upon its request.

Destruction of Cancelled Certificates. Whenever in this Trust Agreement provision is made for the surrender to or cancellation by the Trustee and the delivery to the Corporation of any Certificates, the Trustee shall cancel subject to the record-retention requirements of the Securities Exchange Act of 1934, in lieu of such cancellation and delivery, destroy such Certificates and upon request of the City Representative deliver a certificate of such cancellation and destruction to the CountyCity.