Common use of Section 309 Cancellation Clause in Contracts

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Paying Agent, be delivered to the Paying Agent and shall be promptly cancelled by it. The Issuer or a Guarantor may at any time deliver to the Paying Agent for cancellation any Securities previously authenticated and delivered hereunder that the Issuer or such Guarantor may have acquired in any manner whatsoever, and may deliver to the Paying Agent (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder that the Issuer has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Paying Agent. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Paying Agent shall be disposed of in accordance with the Paying Agent’s then customary procedure unless by an Issuer Order the Issuer shall direct that cancelled Securities be returned to it.

Appears in 6 contracts

Samples: Indenture (Amcor PLC), Indenture (Amcor PLC), Indenture (Amcor Flexibles North America, Inc.)

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Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Paying AgentTrustee, be delivered to the Paying Agent Trustee and shall be promptly cancelled by it. The Issuer or a Company and the Guarantor may at any time deliver to the Paying Agent Trustee for cancellation any Securities previously authenticated and delivered hereunder that which the Issuer Company or such the Guarantor may have acquired in any manner whatsoever, and may deliver to the Paying Agent Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder that which the Issuer Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Paying AgentTrustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Paying Agent Trustee shall be disposed of by the Trustee in accordance with the Paying Agent’s then its customary procedure procedure, unless otherwise directed by an Issuer Order the Issuer shall direct that cancelled Securities be returned to ita Company Order.

Appears in 3 contracts

Samples: Indenture (Danaher Corp /De/), Danaher Corp /De/, DH Europe Finance S.A.

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Paying AgentTrustee, be delivered to the Paying Agent Trustee and shall be promptly cancelled canceled by it. The Issuer Partnership or a the Guarantor may at any time deliver to the Paying Agent Trustee for cancellation any Securities previously authenticated and delivered hereunder that which the Issuer Partnership or such the Guarantor may have acquired in any manner whatsoever, and may deliver to the Paying Agent Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder that which the Issuer Partnership has not issued and sold, and all Securities so delivered shall be promptly cancelled canceled by the Paying AgentTrustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled canceled as provided in this SectionSection 309, except as expressly permitted by this Indenture. All cancelled canceled Securities held by the Paying Agent Trustee shall be disposed of in accordance with its customary practices, and the Paying Agent’s then customary procedure unless by an Issuer Order Trustee shall thereafter deliver to the Issuer shall direct that cancelled Securities be returned Partnership a certificate with respect to itsuch disposition.

Appears in 3 contracts

Samples: Valero Logistics Operations Lp, Valero L P, Valero Logistics Operations Lp

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Paying AgentTrustee, be delivered to the Paying Agent Trustee and shall be promptly cancelled by it. The Issuer Company or a Guarantor the Guarantors may at any time deliver to the Paying Agent Trustee for cancellation any Securities previously authenticated and delivered hereunder that which the Issuer Company or such Guarantor the Guarantors may have acquired in any manner whatsoever, and may deliver to the Paying Agent Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder that which the Issuer has Company or the Guarantors have not issued and sold, and all Securities so delivered shall be promptly cancelled by the Paying AgentTrustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this SectionSection 309, except as expressly permitted by this Indenture. All cancelled Securities held by the Paying Agent Trustee shall be disposed of in accordance with the Paying Agent’s then customary procedure unless as directed by an Issuer Order the Issuer shall direct that cancelled Securities be returned to ita Company Order.

Appears in 2 contracts

Samples: SSL South, LLC, SSL South, LLC

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Paying AgentTrustee, be delivered to the Paying Agent Trustee and shall be promptly cancelled by it. The Issuer Company or a any Guarantor may at any time deliver to the Paying Agent Trustee for cancellation any Securities previously authenticated and delivered hereunder that which the Issuer Company or such Guarantor may have acquired in any manner whatsoever, and may deliver to the Paying Agent Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder that which the Issuer Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Paying AgentTrustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this SectionSection 309, except as expressly permitted by this Indenture. All cancelled Securities held by the Paying Agent Trustee shall be disposed of in accordance with its customary procedures. The Trustee shall provide the Paying Agent’s then customary procedure unless Company or any Guarantor a list of all Securities that have been cancelled from time to time as requested in writing by an Issuer Order the Issuer shall direct that cancelled Securities be returned to itCompany or such Guarantor.

Appears in 2 contracts

Samples: Indenture (Ares Management Corp), Indenture (Ares Management Corp)

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Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Paying AgentTrustee, be delivered to the Paying Agent Trustee and shall be promptly cancelled by it. The Issuer Company or a the Parent Guarantor may at any time deliver to the Paying Agent Trustee for cancellation any Securities previously authenticated and delivered hereunder that which the Issuer Company or such the Parent Guarantor may have acquired in any manner whatsoever, and may deliver to the Paying Agent Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder that which the Issuer Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Paying AgentTrustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Paying Agent Trustee shall be disposed of in accordance with the Paying AgentTrustee’s then customary procedure unless by an Issuer Order the Issuer shall direct that cancelled Securities be returned to itpractices.

Appears in 1 contract

Samples: MSD Netherlands Capital B.V.

Section 309 Cancellation. All Securities surrendered for payment, redemption, conversion, registration of transfer or exchange or for credit against any sinking fund payment or analogous obligation shall, if surrendered to any Person other than the Paying AgentTrustee, be delivered to the Paying Agent Trustee and shall be promptly cancelled by itit in accordance with its customary procedures. The Issuer or a Guarantor Company may at any time deliver to the Paying Agent Trustee for cancellation any Securities previously authenticated and delivered hereunder that which the Issuer or such Guarantor Company may have acquired in any manner whatsoever, and may deliver to the Paying Agent Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder that which the Issuer Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Paying AgentTrustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Paying Agent Trustee shall be disposed of as reasonably directed by a Company Order in accordance with the Paying AgentTrustee’s then customary procedure unless by an Issuer Order procedure; provided, however, that the Issuer Trustee shall direct that not be required to destroy such cancelled Securities be returned to itSecurities.

Appears in 1 contract

Samples: Fiat Chrysler Automobiles N.V.

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