Common use of Cancelation Clause in Contracts

Cancelation. The Company at any time may deliver Securities to the Trustee for cancelation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and dispose of (subject to the record retention requirements of the Exchange Act) all Securities surrendered for registration of transfer, exchange, payment or cancelation in its customary manner and upon request shall deliver a certificate of such disposal to the Company unless the Company directs the Trustee to deliver canceled Securities to the Company. Any Securities purchased by the Company may, to the extent permitted by law, be reissued or resold or may, at its option, be surrendered to the Trustee for cancelation. The Company may not issue new Securities to replace Securities it has delivered to the Trustee for cancelation.

Appears in 7 contracts

Samples: Indenture (Chesapeake Operating Inc), Indenture (Gene D. Yost & Son Inc.), Indenture (Chesapeake Energy Corp)

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Cancelation. The Company at any time may deliver ------------ Securities to the Trustee for cancelation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and dispose of destroy (subject to the record retention requirements of the Exchange Act) all Securities surrendered for registration of transfer, exchange, payment or cancelation in its customary manner and upon request shall deliver a certificate of such disposal destruction to the Company Company, unless the Company directs the Trustee to deliver canceled Securities to the Company. Any Securities purchased by If the Company mayshall acquire any of the Securities, to such acquisition shall not operate as a redemption or satisfaction of the extent permitted Debt represented by law, be reissued or resold or may, at its option, be surrendered such Securities unless and until the same are delivered to the Trustee for cancelation. The Company may not issue new Securities to replace Securities it has redeemed, paid or delivered to the Trustee for cancelation.

Appears in 3 contracts

Samples: Exchange Indenture (Hudson Respiratory Care Inc), Century Maintenance Supply Inc, Hudson Respiratory Care Inc

Cancelation. The Company at any time may deliver Securities to the Trustee for cancelation. The Registrar Registrar, Paying Agent and the Paying Conversion Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and dispose of (subject to the record retention requirements of the Exchange Act) all Securities surrendered for registration of transfer, exchange, payment or conversion. The Trustee shall promptly cancel all Securities surrendered for transfer, exchange, payment, conversion or cancelation in accordance with its customary manner and upon request shall deliver a certificate of such disposal to the Company unless the Company directs the Trustee to deliver canceled Securities to the Company. Any Securities purchased by the Company may, to the extent permitted by law, be reissued or resold or may, at its option, be surrendered to the Trustee for cancelationprocedures. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancelationcancelation or that any Securityholder has converted pursuant to Article X. All canceled Securities held by the Trustee shall be disposed of in accordance with its customary procedure for the disposal of canceled securities, and certification of such disposal shall be delivered by the Trustee to the Company unless the Company shall, by a Company Order, direct that canceled Securities be returned to it.

Appears in 2 contracts

Samples: Indenture (James River Coal CO), Indenture (James River Coal CO)

Cancelation. The Company at any time may deliver Securities to the Trustee for cancelation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and dispose of (subject to the record retention requirements of the Exchange Act) all Securities surrendered for registration of transfer, exchange, payment or cancelation in its customary manner and upon request shall deliver a certificate of such disposal to the Company unless the Company directs the Trustee to deliver canceled Securities to the Company. Any Securities securities purchased by the Company maymay , to the extent permitted by law, law be reissued or resold or may, at its option, option be surrendered to the Trustee for cancelation. The Company may not issue new Securities to replace Securities it has redeemed, paid or delivered to the Trustee for cancelation.

Appears in 1 contract

Samples: Indenture (Chesapeake Energy Corp)

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Cancelation. The Company at any time may deliver Securities to the Trustee for cancelation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and dispose of (subject to the record retention requirements of the Exchange Act) all Securities surrendered for registration of transfer, exchange, payment or cancelation in its customary manner accordance with the Trustee's procedures for the disposition of canceled securities in effect as of the date of such disposition and upon request shall deliver a certificate of such disposal disposition to the Company unless the Company directs the Trustee in writing to deliver canceled Securities to the Company. Any Securities purchased by the Company may, to the extent permitted by law, be reissued or resold or may, at its option, be surrendered to the Trustee for cancelation. The Company may not issue new Securities to replace Securities it has redeemed, paid or delivered to the Trustee for cancelation.

Appears in 1 contract

Samples: Indenture (Homes America of Wyoming Inc)

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