Common use of PARTIAL REDEMPTION OF SECURITIES Clause in Contracts

PARTIAL REDEMPTION OF SECURITIES. In case part but not all of an Outstanding Security shall be selected for redemption, upon presentation and surrender of such Security by the Holder thereof or his attorney duly authorized in writing (with due endorsement by, or a written instrument of transfer in form satisfactory to the Trustee) the Trustee shall authenticate and deliver to or upon the order of such Holder, without charge therefor, for the unredeemed portion of the principal amount of the Security so surrendered, a Security or Securities, at the option of such Holder of like tenor. Fully registered Securities so presented and surrendered shall be canceled in accordance with this Indenture.

PARTIAL REDEMPTION OF SECURITIES. In case part but not all of an Outstanding Security shall be selected for redemption, upon presentation and surrender Surrender of such Security by the Holder thereof or his its attorney duly authorized in writing (with due endorsement by, or a written instrument of transfer in such form satisfactory to the Trustee) the Trustee shall authenticate and deliver to or a, upon the order of such Holder, without charge thereforchange there for, for the unredeemed portion of the principal amount of the Security so surrendered, a Security or Securities, at the option of such Holder Holder, of like tenor. Fully registered Securities so presented and surrendered shall be canceled in accordance with this Indenture.