Common use of Section 309 Cancellation Clause in Contracts

Section 309 Cancellation. All Securities and Coupons surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be promptly delivered to the Trustee, and any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Operating Partnership may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Operating Partnership may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. 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 or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures, unless by an Operating Partnership Order the Operating Partnership directs their return to it.

Appears in 3 contracts

Samples: Indenture (Corporate Office Properties, L.P.), Indenture (Corporate Office Properties, L.P.), Indenture (Corporate Office Properties, L.P.)

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Section 309 Cancellation. All Securities and Coupons coupons surrendered for payment, redemption, repayment at the option of the Holder, registration of transfer, transfer or exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be promptly delivered to the Trustee, and any such Securities and Coupons, as well as coupons and Securities and Coupons coupons surrendered directly to the Trustee for any such purpose, purpose shall be cancelled promptly canceled by the Trusteeit. The Operating Partnership Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Operating Partnership Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be cancelled promptly canceled by the Trustee. If the Company shall so acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled canceled as provided in this Section, except as expressly permitted by or pursuant to this Indenture. All cancelled Canceled Securities and Coupons coupons held by the Trustee shall be disposed of destroyed by the Trustee in accordance with its customary proceduresand the Trustee shall deliver a certificate of such destruction to the Company, unless unless, by an Operating Partnership Order the Operating Partnership Company Order, the Company directs their return to it.

Appears in 2 contracts

Samples: Indenture (Carramerica Realty Corp), Indenture (Carramerica Realty Corp)

Section 309 Cancellation. All Securities and Coupons surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be promptly delivered to the Trustee, and any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Operating Partnership Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Operating Partnership Company may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. 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 or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee shall be voided and disposed of by the Trustee in accordance with its then customary proceduresprocedures and, upon the Company's request, certification of their voidance and disposal shall be delivered to the Company, unless by an Operating Partnership a Company Order the Operating Partnership Company directs their return to it.

Appears in 2 contracts

Samples: Indenture (Nyc Newco Inc), Indenture (CSX Transportation Inc)

Section 309 Cancellation. All Securities and Coupons surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the TrusteeSecurity Registrar, be promptly delivered to the TrusteeSecurity Registrar, and any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee Security Registrar for any such purpose, shall be cancelled promptly by the TrusteeSecurity Registrar. The Operating Partnership Company may at any time deliver to the Trustee Security Registrar for cancellation any Securities previously authenticated and delivered hereunder which the Operating Partnership Company may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the TrusteeSecurity Registrar. 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 or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee Security Registrar shall be disposed of destroyed by the Trustee Security Registrar in accordance with its customary procedures, unless by an Operating Partnership Order the Operating Partnership directs their return to it.

Appears in 1 contract

Samples: Indenture (KKR Financial Holdings LLC)

Section 309 Cancellation. All Securities and Coupons surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be promptly delivered to the Trustee, and any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Operating Partnership Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Operating Partnership Company may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. 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 or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures, unless by an Operating Partnership a Company Order the Operating Partnership Company directs their return to it.

Appears in 1 contract

Samples: Indenture (ABB Finance (USA) Inc.)

Section 309 Cancellation. All Securities and Coupons surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be promptly delivered to the Trustee, and any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Operating Partnership Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Operating Partnership Company may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. 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 or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures, unless by an Operating Partnership Order the Operating Partnership directs their return to it.

Appears in 1 contract

Samples: Indenture (Annaly Capital Management Inc)

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Section 309 Cancellation. All Securities and Coupons surrendered for payment, redemption, registration of transfer, transfer or exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be promptly delivered to the Trustee, . All Securities so delivered and any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee for any such purpose, purpose shall be cancelled promptly canceled by the TrusteeTrustee and such cancellation shall be noted conspicuously on each such Security. The Operating Partnership Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Operating Partnership Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be cancelled promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled canceled as provided in this Section, except as expressly permitted by or pursuant to this Indenture. All cancelled canceled Securities and Coupons held by the Trustee shall be disposed of by the Trustee in accordance with its the Trustee's customary procedures, unless by an Operating Partnership Order the Operating Partnership directs their return to it.

Appears in 1 contract

Samples: Indenture (Monsanto Co)

Section 309 Cancellation. All Except as otherwise specified as contemplated by Section 301 for Securities of any series, all Securities and Coupons coupons surrendered for payment, redemption, registration of transfer, transfer or exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be promptly delivered to the TrusteeTrustee and, and any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee for any such purposeif not theretofore cancelled, shall be promptly cancelled promptly by the Trusteeit. The Operating Partnership Trustee and no one else shall cancel all Securities surrendered for registration of transfer, exchange, payment or cancellation and deliver a certificate of such cancellation to the Company upon request. The Trustee shall retain all canceled Securities in accordance with its standard procedures (subject to the record retention requirements of the Exchange Act). Except as otherwise specified as contemplated by Section 301 for Securities of any series, the Company may at any time deliver to the Trustee for cancellation any Securities or coupons previously authenticated and delivered hereunder which that the Operating Partnership Company may have acquired in any manner whatsoeverwhatsoever or that the Company has not issued and sold, and all Securities or coupons so delivered shall be promptly cancelled promptly by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities or coupons cancelled as provided in this Section, except as expressly permitted by or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures, unless by an Operating Partnership Order the Operating Partnership directs their return to it.

Appears in 1 contract

Samples: Indenture (Fox Factory Holding Corp)

Section 309 Cancellation. All Securities and Coupons surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be promptly delivered to the Trustee, and any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Operating Partnership Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Operating Partnership Company may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. 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 or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee shall be disposed of destroyed by the Trustee in accordance with its customary proceduresTrustee, unless by an Operating Partnership a Company Order the Operating Partnership Company directs their return to it.

Appears in 1 contract

Samples: Indenture (Maiden Holdings North America, Ltd.)

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