Common use of Cancellation by Relevant Issuer Clause in Contracts

Cancellation by Relevant Issuer. If the Relevant Issuer or, in the case of Guaranteed Notes, the Guarantor or any of their Subsidiaries purchase any Notes that are to be cancelled in accordance with the Conditions, the Relevant Issuer or, in the case of Guaranteed Notes, the Guarantor shall forthwith cancel them or procure their cancellation, inform the Fiscal Agent or the Registrar, as the case may be, and send them (if in definitive bearer form) to the Fiscal Agent. If the Relevant Issuer or, in the case of Guaranteed Notes, the Guarantor or any of their Subsidiaries purchases any Notes for cancellation, the Relevant Issuer or, in the case of Guaranteed Notes, the Guarantor shall provide the Fiscal Agent instructions in the form agreed to by the Fiscal Agent confirming the details of the Notes to be purchased. The Relevant Issuer or, in the case of Guaranteed Notes, the Guarantor shall provide the instructions to the Fiscal Agent no later than two Business Days prior to the date on which the Notes are intended to be purchased and cancelled. Once the Notes have been received by the Paying Agent, it will request the immediate cancellation of the Notes.