Common use of Cancellation and Destruction of Surrendered Receipts Clause in Contracts

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate of Incorporation, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled.

Appears in 3 contracts

Samples: Deposit Agreement (Rexnord Corp), Deposit Agreement (Belden Inc.), Deposit Agreement (Chart Industries Inc)

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Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate of Incorporation, Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled, and provide the Company a certificate of designation therefor.

Appears in 2 contracts

Samples: Deposit Agreement (Amerigroup Corp), Deposit Agreement (Amerigroup Corp)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into shares of Common Stock or in connection with any redemption of the Mandatory Convertible Preferred Stock, in each case, in accordance with the Certificate of IncorporationAmendment, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Becton Dickinson & Co)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate of Incorporation, 's Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all such Receipts so cancelled. If at any time all of the shares of Stock have been redeemed as a result of the annual redemption of Stock provided for in the Certificate of Designations, all Receipts outstanding shall be cancelled by the Depositary.

Appears in 1 contract

Samples: Deposit Agreement (Freeport McMoran Copper & Gold Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary Depository or any DepositaryDepository’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Designated Preferred Stock into Common Stock in accordance with the Certificate of IncorporationCertificate, shall be cancelled by the DepositaryDepository. Except as prohibited by applicable law or regulation, the Depositary Depository is authorized and directed to destroy all Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Umpqua Holdings Corp)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including including, without limitation, Receipts surrendered in connection with any conversion or redemption of the Mandatory Convertible Series B Preferred Stock into Common Stock in accordance with the Certificate Articles of Incorporation, shall be cancelled canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelledcanceled.

Appears in 1 contract

Samples: Deposit Agreement (Centerpoint Energy Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate of Incorporation, 's Agent shall be cancelled canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all such Receipts so cancelledcanceled, and provide the Company a certificate of destruction therefor.

Appears in 1 contract

Samples: Deposit Agreement (Travelers Capital Vii)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into shares of Common Stock in accordance with the Certificate of IncorporationAmendment, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Becton Dickinson & Co)

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Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock Shares in accordance with the Certificate Articles of Incorporation, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Cliffs Natural Resources Inc.)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into shares of Common Stock or in connection with any redemption of the Mandatory Convertible Preferred Stock, in each case, in accordance with the Certificate Articles of Incorporation, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Great Plains Energy Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate Amended and Restated Articles of Incorporation, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Albemarle Corp)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary Depository or any DepositaryDepository’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock Stock, as described in accordance with the Certificate of Incorporationand the Conversion Agency Agreement, shall be cancelled by the DepositaryDepository. Except as prohibited by applicable law or regulation, the Depositary Depository is authorized and directed to destroy all Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Bank of America Corp /De/)

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