Section 309 Cancellation. All Securities surrendered for payment, redemption, transfer, conversion or exchange or credit against a sinking fund shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Security 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. The Trustee shall dispose of all cancelled Securities in accordance with its customary procedures and shall deliver a certificate of such disposition to the Company.
Appears in 2 contracts
Samples: Indenture (Diamond Offshore Drilling Inc), Indenture (Diamond Offshore Drilling Inc)
Section 309 Cancellation. All Securities surrendered for payment, redemption, transfer, conversion registration of transfer or exchange or for credit against a any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by itfor cancellation. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Security 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. The All cancelled Securities held by the Trustee shall dispose of all cancelled Securities in accordance with its customary procedures be destroyed and the Trustee shall deliver provide to the Company, if requested by the Company, a certificate of such disposition to the Companydestruction.
Appears in 2 contracts
Samples: Indenture (Cellular Dynamics International, Inc.), Indenture (Modine Manufacturing Co)
Section 309 Cancellation. All Securities surrendered for payment, redemption, transfer, conversion registration of transfer or exchange or credit against a sinking fund conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Security 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. The All cancelled Securities held by the Trustee shall dispose be disposed of all as directed by a Company Order; provided, however, that the Trustee shall 36 not be required to destroy the certificates representing such cancelled Securities in accordance with its customary procedures and shall deliver a certificate of such disposition to the CompanySecurities.
Appears in 1 contract
Samples: Indenture (Designer Holdings LTD)
Section 309 Cancellation. All Securities surrendered for payment, redemption, transfer, conversion registration of transfer or exchange or credit against a sinking fund shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Security 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. The All cancelled Securities held by the Trustee shall dispose of all cancelled Securities in accordance with its customary procedures be destroyed by the Trustee and shall deliver a certificate of such disposition destruction delivered to the CompanyCompany unless the Trustee is otherwise directed by a Company Order.
Appears in 1 contract
Samples: Indenture (Medpartners Inc)
Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer, conversion or exchange or credit against a sinking fund conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled canceled by the Trustee. No Security 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 this Indenture. The All canceled Securities held by the Trustee shall dispose be disposed of all cancelled Securities in accordance with its customary procedures and shall deliver as directed by a certificate of such disposition to the CompanyCompany Order.
Appears in 1 contract
Samples: Indenture (Converse Inc)
Section 309 Cancellation. All Securities surrendered for payment, redemption, transfer, conversion registration of transfer or exchange or credit against a sinking fund shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled canceled by the Trustee. No Security 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. The All canceled Securities held by the Trustee shall dispose be disposed of all cancelled Securities by the Trustee in accordance with its customary procedures and shall deliver a certificate of such disposition to the Companyprocedures.
Appears in 1 contract
Section 309 Cancellation. All Securities surrendered for payment, redemption, transfer, conversion registration of transfer or exchange or for credit against a any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled canceled by it. The Company or the Guarantor may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company or the Guarantor may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled canceled by the Trustee. No Security 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 this Indenture. The All canceled Securities held by the Trustee shall dispose be disposed of all cancelled Securities in accordance with its customary procedures and shall deliver as directed by a certificate of such disposition to the CompanyCompany Order.
Appears in 1 contract
Samples: Indenture (FNB Corp/Fl/)