Common use of Section 309 Cancellation Clause in Contracts

Section 309 Cancellation. All Securities 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, as well as Securities surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Issuer may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuer 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 held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures.

Appears in 2 contracts

Samples: Indenture (PS Business Parks, L.P.), Indenture (PS Business Parks, L.P.)

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Section 309 Cancellation. All Securities 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, as well as Securities surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Issuer may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuer 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 held by the Trustee shall be disposed of destroyed by the Trustee in accordance with its customary procedures.

Appears in 2 contracts

Samples: Indenture (Notami Hospitals of Louisiana Inc), Indenture (HCA Holdings, Inc.)

Section 309 Cancellation. All Securities 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, as well as Securities surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Issuer Issuers may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuer Issuers 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 held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures.

Appears in 2 contracts

Samples: Reconciliation And (Williams Partners Finance Corp), Senior Indenture (Williams Partners Finance Corp)

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, and any such Securities, as well as Securities and coupons and Securities and coupons surrendered directly to the Trustee for any such purpose, purpose shall be promptly cancelled promptly by the Trusteeit. The Issuer Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuer Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly 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 returned by the Trustee in accordance with its customary proceduresto the Company.

Appears in 1 contract

Samples: Valero Energy Corp/Tx

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Section 309 Cancellation. All Securities 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, as well as Securities surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Issuer Operating Partnership may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuer 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 held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures. The Trustee shall provide the Operating Partnership with a list of all Securities that have been cancelled from time to time as requested by the Operating Partnership.

Appears in 1 contract

Samples: Indenture (American Homes 4 Rent, L.P.)

Section 309 Cancellation. All Securities 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, Trustee and any such Securities, as well as Securities surrendered directly to the Trustee for any such purpose, shall be cancelled promptly canceled by the Trusteeit. The Issuer Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuer 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 SectionSection 309, except as expressly permitted by or pursuant to this Indenture. All cancelled canceled Securities held by the Trustee shall be disposed of by the Trustee treated in accordance with its customary proceduresthe Trustee's document retention policies.

Appears in 1 contract

Samples: ITC Holdings Corp.

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