Common use of Cancelation Clause in Contracts

Cancelation. All Securities, together with all coupons thereto appertaining, delivered to any Paying Agent or other Agent appointed by the Issuer pursuant to Section 2 for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment as herein or in the Securities provided shall be forwarded to or to the order of the Fiscal Agent by the Agent to which they were delivered. All such Securities and coupons shall be canceled and destroyed by the Fiscal Agent or such other person as may be jointly designated by the Issuer and the Fiscal Agent (or otherwise disposed of in accordance with such person’s customary procedures), and the Fiscal Agent or such other persons shall thereupon upon request by the Issuer furnish a certificate of such destruction or disposition to the Issuer.

Cancelation. All Securities, together with all coupons thereto appertaining, delivered to any Paying Agent or other Agent appointed by the Issuer pursuant to Section 2 for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment as herein or in the Securities provided shall be forwarded to or to the order of the Fiscal Agent by the Agent to which they were delivered. All such Securities and coupons shall be canceled and destroyed by the Fiscal Agent or such other person as may be jointly designated by the Issuer and the Fiscal Agent (or otherwise disposed of in accordance with such person’s 's customary procedures), and the Fiscal Agent or such other persons shall thereupon upon request by the Issuer furnish a certificate of such destruction or disposition to the Issuer.