Common use of Destruction of Notes Clause in Contracts

Destruction of Notes. If any Outstanding Note shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment of the final principal amount and interest with respect to the Note represented thereby, or for replacement pursuant to Section 2.8 hereof or transfer or exchange pursuant to Section 2.9 hereof, such Note shall be canceled and destroyed by the Trustee and counterparts of a certificate of destruction evidencing such destruction shall be furnished by the Trustee to the Issuer.

Appears in 2 contracts

Samples: Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Capital Inc)

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Destruction of Notes. If any Outstanding Note shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment of the final principal amount and interest with respect to the Note represented thereby, or for replacement pursuant to Section 2.8 hereof or transfer or exchange pursuant to Section 2.9 hereof, such Note shall be canceled and destroyed by the Trustee and counterparts of a certificate of destruction evidencing such destruction shall be furnished by the Trustee to the Issuer.. TRUST INDENTURE - Page 12 ARTICLE III

Appears in 1 contract

Samples: Trust Indenture (PMC Commercial Trust /Tx)

Destruction of Notes. If Whenever any Outstanding Note shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment of the final principal amount and interest with respect to the Note represented thereby, or for replacement pursuant to Section 2.8 hereof or transfer or exchange pursuant to Section 2.9 207 hereof, such Note shall be promptly canceled and cremated or otherwise destroyed by the Trustee Trustee, and counterparts of a certificate of destruction evidencing such cremation or other destruction shall be furnished by the Trustee to the IssuerIssuer and the Company.

Appears in 1 contract

Samples: Plainwell Inc

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Destruction of Notes. If any Outstanding Note shall be delivered to the Trustee for cancellation pursuant to this Indenture, upon payment of the final principal amount and interest with respect to the Note represented thereby, or for replacement pursuant to Section 2.8 hereof or transfer or exchange pursuant to Section 2.9 hereof, such Note shall be canceled and destroyed by the Trustee and counterparts of a certificate of destruction evidencing such destruction shall be furnished by the Trustee to the Issuer.

Appears in 1 contract

Samples: Trust Indenture (PMC Capital Inc)

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