Common use of Satisfaction and Discharge of Securities of any Series Clause in Contracts

Satisfaction and Discharge of Securities of any Series. The Company and the Guarantor shall be deemed to have satisfied and discharged this Indenture with respect to the entire indebtedness on all the Outstanding Securities of any particular series, and the Trustee, at the expense of the Company and upon Company Request, shall execute proper instruments acknowledging such satisfaction and discharge, when (a) either: (i) all Outstanding Securities of such series theretofore authenticated and delivered (other than (i) any Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.7 and (ii) Outstanding Securities of such series for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and the Guarantor and thereafter repaid to the Company and the Guarantor or discharged from such trust, as provided in Section 12.3) have been delivered to the Trustee for cancellation; or (ii) all Outstanding Securities of such series described in sub-clause (i) above (other than the Securities referred to in the parenthetical phrase thereof) not theretofore delivered to the Trustee for cancellation:

Appears in 2 contracts

Samples: Indenture (Platinum Underwriters Holdings LTD), Indenture (Platinum Underwriters Holdings LTD)

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Satisfaction and Discharge of Securities of any Series. The Company and the Guarantor shall be deemed to have satisfied and discharged this Indenture with respect to the entire indebtedness on all the Outstanding Securities of any particular series, and the Trustee, at the expense of the Company and upon Company Request, shall execute proper instruments acknowledging such satisfaction and discharge, when (a) either: (i) all Outstanding Securities of such series theretofore authenticated and delivered (other than (i) any Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.7 and (ii) Outstanding Securities of such series for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and the Guarantor and thereafter repaid to the Company and the Guarantor or discharged from such trust, as provided in Section 12.3) have been delivered to the Trustee for cancellation; or (ii) all Outstanding Securities of such series described in sub-clause (i) above (other than the Securities referred to in the parenthetical phrase thereof) not theretofore delivered to the Trustee for cancellation:

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Quanta Capital Holdings LTD), Junior Subordinated Indenture (Endurance Specialty Holdings LTD)

Satisfaction and Discharge of Securities of any Series. The Company and the Guarantor shall be deemed to have satisfied and discharged this Indenture with respect to the entire indebtedness on all the Outstanding Securities of any particular series, and the Trustee, at the expense of the Company and upon Company Request, shall execute proper instruments acknowledging such satisfaction and discharge, when (a) either: (i) all Outstanding Securities of such series theretofore authenticated and delivered (other than (i) any Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.7 3.8 and (ii) Outstanding Securities of such series for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and the Guarantor and thereafter repaid to the Company and the Guarantor or discharged from such trust, as provided in Section 12.3) have been delivered to the Trustee for cancellation; or (ii) all Outstanding Securities of such series described in sub-clause (i) above (other than the Securities referred to in the parenthetical phrase thereof) not theretofore delivered to the Trustee for cancellation:

Appears in 1 contract

Samples: Indenture (Platinum Underwriters Holdings LTD)

Satisfaction and Discharge of Securities of any Series. The Company and the Guarantor shall be deemed to have satisfied and discharged this Indenture with respect to the entire indebtedness on all the Outstanding Securities of any particular series, and the Trustee, at the expense of the Company and upon Company Request, shall execute proper instruments acknowledging such satisfaction and discharge, when (a) either: (i) all Outstanding Securities of such series theretofore authenticated and delivered (other than (i1) any Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.7 3.8 and (ii2) Outstanding Securities of such series for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and the Guarantor and thereafter repaid to the Company and the Guarantor or discharged from such trust, as provided in Section 12.312.4) have been delivered to the Trustee for cancellation; or (ii) all Outstanding Securities of such series described in sub-clause (i) above (other than the Securities referred to in the parenthetical phrase thereof) not theretofore delivered to the Trustee for cancellation:

Appears in 1 contract

Samples: Indenture (Sirius International Insurance Group, Ltd.)

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Satisfaction and Discharge of Securities of any Series. The Company and the Guarantor shall be deemed to have satisfied and discharged this Indenture with respect to the entire indebtedness on all the Outstanding Securities of any particular series, and the Trustee, at the expense of the Company and upon Company Request, shall execute proper instruments acknowledging such satisfaction and discharge, when (a) either: (i) all Outstanding Securities of such series theretofore authenticated and delivered (other than (i) any Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.7 and (ii) Outstanding Securities of such series for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and the Guarantor and thereafter repaid to the Company and the Guarantor or discharged from such trust, as provided in Section 12.3) have been delivered to the Trustee for cancellation; or (ii) all Outstanding Securities of such series described in sub-clause (i) above (other than the Securities referred to in the parenthetical phrase thereof) not theretofore delivered to the Trustee for cancellation:

Appears in 1 contract

Samples: Subordinated Indenture (MRH Capital Trust I)

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