Common use of Surrender of Certificates to Paying Agents Clause in Contracts

Surrender of Certificates to Paying Agents. The Paying Agents shall accept surrender of Certificates from Bondholders as a condition precedent to payment of principal and premium (if any) in accordance with the Conditions. At close of business on the second business day before the due date for payment in respect of Bonds, and, if Certificates are surrendered later than that, on any business day thereafter on which Certificates are surrendered, each Paying Agent to whom Certificates have been surrendered will notify the Registrar and the Principal Agent of the identifying numbers of Certificates surrendered to it at that time. Each Paying Agent will cancel Certificates surrendered to it and forward the cancelled Certificates to the Principal Agent for destruction.

Appears in 2 contracts

Samples: Paying and Conversion Agency Agreement (ReneSola LTD), Paying and Conversion Agency Agreement (ReneSola LTD)

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Surrender of Certificates to Paying Agents. The Paying Agents shall accept surrender of Certificates from Bondholders as a condition precedent to payment of principal and premium (if any) where such surrender is required in accordance with the Conditions. At close of business on the second business day (as defined in Condition 9.6) before the due date for payment in respect of the Bonds, and, if Certificates are surrendered later than that, on any business day (as defined in Condition 9.6) thereafter on which Certificates are surrendered, each Paying Agent to whom Certificates have been surrendered will notify the Registrar and the Principal Agent of the identifying numbers of Certificates surrendered to it at that time. Each Paying Agent will cancel Certificates surrendered to it and forward the cancelled Certificates to the Principal Agent for destruction.

Appears in 1 contract

Samples: Paying and Conversion Agency Agreement (GCL Silicon Technology Holdings Inc.)

Surrender of Certificates to Paying Agents. The Paying Agents shall accept surrender of Certificates from Bondholders as a condition precedent to payment of principal and premium (if any) in accordance with the Conditions. At close of business on the second business day (as defined in Condition 8(F)) before the due date for payment in respect of Bonds, and, if Certificates are surrendered later than that, on any business day (as defined in Condition 8(F)) thereafter on which Certificates are surrendered, each Paying Agent to whom Certificates have been surrendered will notify the Registrar and the Principal Agent of the identifying numbers of Certificates surrendered to it at that time. Each Paying Agent will cancel Certificates surrendered to it and forward the cancelled Certificates to the Principal Agent for destruction.

Appears in 1 contract

Samples: Paying and Conversion Agency Agreement (China Architectural Engineering, Inc.)

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Surrender of Certificates to Paying Agents. The Paying Agents shall accept surrender of Certificates from Bondholders as a condition precedent to payment of principal and premium (if any) interest where such surrender is required in accordance with the Conditions. At close of business on the second business day Business Day before the due date for payment in respect of Bonds, and, if Certificates are surrendered later than that, on any business day Business Day thereafter on which Certificates are surrendered, each Paying Agent to whom Certificates (other than the Global Certificates) have been surrendered will notify the Registrar and (if such Paying Agent is not the Principal Paying Agent) the Principal Paying Agent of the identifying numbers of Certificates surrendered to it at that time. Each Paying Agent will cancel Certificates surrendered to it and forward the cancelled Certificates to the Principal Paying Agent for destruction.

Appears in 1 contract

Samples: Agency Agreement (Wynn Resorts LTD)

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