Common use of Cancellation Destruction and Records Clause in Contracts

Cancellation Destruction and Records. All Notes which mature and are paid shall be cancelled forthwith by the Agent. The Agent shall, as soon as reasonably practicable after the maturity date of any note, furnish the Company with a certificate signed by one duly authorized officer of the Agent stating (i) the aggregate principal amount of the Notes which have been paid and cancelled on such maturity date and (ii) that the cancelled Notes in its possession have been destroyed (unless otherwise previously instructed by the Company). The Agent shall keep a full and complete record of all Notes and of their issue, payment, cancellation and destruction and of all replacement Notes issued in substitution for lost, stolen, mutilated, defaced or destroyed Notes. The Agent may cause to be issued replacement Notes in place of Notes which have been lost, stolen, mutilated, defaced or destroyed and the Company will cause replacement Notes to be delivered to the Agent for this purpose upon the provision to the Company of such evidence and indemnity in favor of the Company as the Company shall reasonably require.

Cancellation Destruction and Records. All Notes which mature and are paid shall be cancelled forthwith by the Agent. The Agent shall, as soon as reasonably practicable after the maturity date of any noteeach Maturity Date, furnish the Company with a certificate signed by one two duly authorized officer authorised officers of the Agent stating (i) the aggregate principal amount of the Notes which have been paid and cancelled on such maturity date Maturity Date and (ii) that the cancelled Notes in its possession have been destroyed (unless otherwise previously instructed by the Company). The Agent shall keep a full and complete record of all Notes and of their issue, payment, cancellation and destruction and of all replacement Notes issued in substitution for lost, stolen, mutilated, defaced or destroyed Notes. The Agent may cause to be issued replacement Notes in place of Notes which have been lost, stolen, mutilated, defaced or destroyed and the Company will cause replacement Notes to be delivered to the Agent for this purpose upon the provision to the Company of such evidence and indemnity in favor favour of the Company as the Company shall reasonably require.