Common use of Surrendered Securities Clause in Contracts

Surrendered Securities. All Securities, together with any coupons appertaining thereto, surrendered for payment, redemption, retirement, transfer or exchange and all coupons paid through the application of interest installments and all Securities purchased by the Company or any subsidiary shall be delivered to the Fiscal Agent in the case of Registered Securities, and to the Principal Paying Agent in the case of Bearer Securities and the Regulation S Global Security. In any such case such Principal Paying Agent shall cancel all Securities and coupons not previously canceled and destroy all such Securities and coupons so delivered and shall furnish to the Company and the Guarantor a certificate with respect to such destruction. Such certificate shall state, in the case of destruction of the Regulation S Global Security, that all certificates of the Euroclear Operator or Cedel as to beneficial ownership required by Section 4 hereof have been duly presented by the Euroclear Operator or Cedel.

Appears in 3 contracts

Samples: Fiscal Agency Agreement (Thermo Cardiosystems Inc), Fiscal Agency Agreement (Thermolase Corp), Fiscal Agency Agreement (Thermo Fibertek Inc)

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Surrendered Securities. All Securities, together with any coupons appertaining thereto, surrendered for payment, redemption, retirement, transfer or exchange and all coupons paid through the application of interest installments and all Securities purchased by the Company or any subsidiary shall be delivered to the Fiscal Agent in the case of Registered Securities, and to the Principal Paying Agent in the case of Bearer Securities and the Regulation S Global Security. In any such case such Principal Paying Fiscal Agent shall cancel all Securities and coupons not previously canceled and destroy all such Securities and coupons so delivered and shall furnish to the Company and the Guarantor a certificate with respect to such destruction. Such certificate shall state, in the case of destruction of the Regulation S Global Security, that all certificates of the Euroclear Operator or Cedel as to beneficial ownership required by Section 4 hereof have been duly presented by the Euroclear Operator or Cedel.

Appears in 1 contract

Samples: Fiscal Agency Agreement (Thermo Ecotek Corp)

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