Common use of Disposition of Securities Retired Clause in Contracts

Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XII, if not otherwise cancelled, shall be promptly delivered to the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the Company. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.

Appears in 1 contract

Samples: Covenants (Rti Capital Corp)

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Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XII, if not otherwise cancelled, shall be promptly delivered to the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the Company. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.

Appears in 1 contract

Samples: Credit Agreement (Republic Engineered Steels Inc)

Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XII13, if not otherwise cancelledcanceled, shall be promptly delivered to canceled and destroyed by the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the CompanyCompany request. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.. 105

Appears in 1 contract

Samples: Hallandale Commercial Corp.

Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XII13, if not otherwise cancelledcanceled, shall be promptly delivered to canceled and destroyed by the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the CompanyCompany request. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.

Appears in 1 contract

Samples: Indenture (Up Offshore (Holdings) Ltd.)

Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XIIXIII, if not otherwise cancelled, shall be promptly delivered to cancelled and disposed of by the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the Companyaccordance with its standard procedures. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.

Appears in 1 contract

Samples: Indenture (Interstate Bakeries Corp/De/)

Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XIIEleven, if not otherwise cancelled, shall be promptly delivered to the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the Company. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.. ARTICLE TWELVE

Appears in 1 contract

Samples: Sheffield Steel Corp

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Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XIIXV, if not otherwise cancelled, shall be promptly delivered to the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the Company. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.

Appears in 1 contract

Samples: Quality Distribution Inc

Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XII, if not otherwise cancelled, shall be promptly delivered to the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the CompanyCompany or the relevant Guarantor. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.

Appears in 1 contract

Samples: Pledge and Security Agreement (Continental Caribbean Containers Inc)

Disposition of Securities Retired. All Securities received by the Trustee and for whose purchase Trust Moneys are applied under this Article XIIXI, if not otherwise cancelled, shall be promptly delivered to the Trustee for cancellation and destruction unless the Trustee shall be otherwise directed in writing by the Company. Upon destruction of any Securities, the Trustee shall promptly issue a certificate of destruction to the Company.

Appears in 1 contract

Samples: Section (Toms Foods Inc)

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