Common use of Destruction of Cancelled Certificates Clause in Contracts

Destruction of Cancelled Certificates. Whenever in this Indenture provision is made for the surrender to or cancellation by the Trustee and the delivery to the Board of any Certificates, the Trustee may, upon the request of the Board Representative, in lieu of such cancellation and delivery, destroy such Certificates and deliver a certificate of such destruction to the Board.

Appears in 3 contracts

Samples: Acquisition Agreement, Acquisition Agreement, Installment Purchase Contract

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Destruction of Cancelled Certificates. Whenever in this Indenture Trust Agreement provision is made for the surrender to or cancellation by the Trustee and the delivery to the Board of any Certificates, the Trustee may, upon the request of the Board Representative, in lieu of such cancellation shall cancel and delivery, destroy such Certificates and deliver a certificate of such cancellation and destruction to the BoardCounty.

Appears in 1 contract

Samples: Trust Agreement

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

Appears in 1 contract

Samples: Trust Agreement

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