Common use of Surrender of Debentures for Cancellation Clause in Contracts

Surrender of Debentures for Cancellation. If the principal moneys due upon any Debenture shall become payable by redemption or otherwise before the Maturity Date, the Person presenting such Debenture for payment must surrender the same for cancellation, the Corporation nevertheless paying or causing to be paid the interest accrued and unpaid thereon (computed on a per diem basis if the date fixed for payment is not an interest payment date).

Appears in 2 contracts

Samples: Trust Indenture (Sr Telecom Inc), Dakota Mining Corp

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Surrender of Debentures for Cancellation. If the principal moneys monies due upon any Debenture issued hereunder shall become payable by redemption or otherwise before the Maturity Datedate of maturity thereof, the Person person presenting such Debenture for payment must shall surrender the same for cancellation, cancellation and the Corporation nevertheless paying or causing to be paid Company shall notwithstanding such surrender pay the interest accrued and unpaid thereon (computed on a per diem basis basis) up to the date on which the principal monies are due if the date fixed for payment of the principal amount is not an interest payment due date).

Appears in 2 contracts

Samples: Trust Indenture (Radiant Energy Corp), Radiant Energy Corp

Surrender of Debentures for Cancellation. If the principal moneys due upon in respect of any Debenture shall become payable by redemption or otherwise before on the Maturity Date, the Person holder presenting such Debenture for payment must shall surrender the same such Debenture for cancellation, cancellation and the Corporation nevertheless paying or causing to be paid shall, notwithstanding the date of such surrender, deposit with the Trustee at the time and in the manner set out in Section 2.20 hereof the principal owing as well as interest accrued and unpaid thereon (computed on a per diem basis if thereon, up to but excluding the date fixed for payment is not an interest payment date)Maturity Date.

Appears in 1 contract

Samples: webfiles.thecse.com

Surrender of Debentures for Cancellation. If the principal moneys due upon any Debenture shall become payable by redemption or purchase pursuant to an Offer to Purchase or otherwise before the Maturity Date, the Person presenting such Debenture Debentures for payment must surrender the same for cancellation, the Corporation nevertheless nevertheless, subject to section 2.7, paying or causing to be paid the interest accrued and unpaid thereon (computed on a per diem basis if the date fixed for payment is not an a date when interest payment dateis payable on the Debentures).

Appears in 1 contract

Samples: Certicom Corp

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Surrender of Debentures for Cancellation. If the principal moneys due upon any Debenture shall become payable by redemption or otherwise before the Maturity Date, the Person presenting such Debenture for payment must surrender the same for cancellation, the Corporation nevertheless paying or causing to be paid the interest accrued and unpaid thereon (computed on a per diem basis if the date fixed for payment is not an interest payment dateInterest Payment Date).

Appears in 1 contract

Samples: MDC Partners Inc

Surrender of Debentures for Cancellation. 3.8 If the principal moneys monies due upon any Debenture issued hereunder shall become payable by redemption or otherwise before the Maturity Datedate of maturity thereof, the Person person presenting such Debenture for payment must surrender the same for cancellation, the Corporation nevertheless paying or causing to be paid the interest accrued and unpaid thereon (computed on a per diem basis if the date fixed for payment is not an interest payment due date).

Appears in 1 contract

Samples: Indenture (Poly-Pacific International Inc.)

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