Common use of Securities Redeemed or Purchased in Part Clause in Contracts

Securities Redeemed or Purchased in Part. Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity equal in principal amount to the unredeemed portion of the Security surrendered.

Securities Redeemed or Purchased in Part. Upon surrender of a Security that is to be redeemed or purchased in part, as the case may be, the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity or Securities equal in principal amount to the unredeemed or unpurchased, as the case may be, portion of the Security surrendered.