Common use of Partial Redemption of Debenture Clause in Contracts

Partial Redemption of Debenture. If this Debenture is called for redemption in part only, for the purposes of this Article 6, unless the context otherwise requires: (a) references to this Debenture shall be deemed to include any such part of the Principal Sum of this Debenture which has been called for redemption; and (b) upon surrender of the Debenture for payment as required by Section 6.7, the Holder shall be entitled to receive, without expense to the Holder, a new Debenture for the unredeemed part of the Debenture so surrendered, and the Corporation shall execute and deliver such new Debenture of the Holder.