Common use of CANCELLATION OF DEBENTURES PAID, ETC Clause in Contracts

CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any paying agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all canceled Debentures unless the Company otherwise directs the Trustee in writing. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered to the Trustee for cancellation.

Appears in 4 contracts

Samples: Indenture (Intervest Bancshares Corp), Indenture (Gateway Bancshares Inc /Ga/), Indenture (Parke Bancorp, Inc.)

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CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- ------------------------------------ surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any paying agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all canceled Debentures unless the Company otherwise directs the Trustee in writing. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered to the Trustee for cancellation.

Appears in 3 contracts

Samples: Indenture (New South Bancshares Inc), Indenture (Alabama National Bancorporation), Indenture (Prosperity Bancshares Inc)

CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- ------------------------------------------ surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any paying agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all canceled Debentures unless the Company otherwise directs the Trustee in writing. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Intervest Bancshares Corp), Indenture (Florida Banks Inc)

CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any paying agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all canceled Debentures unless the Company otherwise directs the Trustee in writing. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered to the Trustee for cancellation. SECTION 2.10.

Appears in 2 contracts

Samples: Indenture (Intervest Bancshares Corp), Indenture (Intervest Bancshares Corp)

CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- surrendered for the purpose of payment, redemption, conversion, exchange or registration of transfer, transfer shall, if surrendered to the Company or any paying agent or any Debenture Registrar or any conversion agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee or any Authenticating AgentTrustee, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all dispose of such canceled Debentures unless the Company otherwise directs the Trustee in writingaccordance with its customary procedures. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered Company elects to surrender such Debentures to the Trustee for cancellationcancellation in which case they shall be promptly cancelled by the Trustee and no Debentures shall be issued in lieu thereof, except as expressly permitted by any of the provisions of this Indenture.

Appears in 1 contract

Samples: Lucent Technologies Inc

CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- surrendered for the purpose of payment, redemption, conversion, exchange or registration of transfer, or in discharge or for credit against any sinking fund payment pursuant to Section 3.04, shall, if surrendered to the Company or any paying agent or any Debenture registrar or any conversion agent, be surrendered to the Trustee and promptly canceled cancelled by it, or, if surrendered to the Trustee or any Authenticating AgentTrustee, shall be promptly canceled cancelled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all canceled cancelled Debentures unless the Company directs it to do otherwise directs and provide the Trustee in writingCompany with a certificate to such effect. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered delivered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Silicon Graphics Inc /Ca/)

CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- ------------------------------------- surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any paying agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all canceled Debentures unless the Company otherwise directs the Trustee in writing. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (First Banks, Inc)

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CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- ----------------------------------------- surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any paying agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all canceled Debentures unless the Company otherwise directs the Trustee in writing. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Florida Banks Inc)

CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any paying agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly canceled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee All cancelled Debentures shall destroy all canceled Debentures unless the Company otherwise directs be retained by the Trustee in writingaccordance with its customary practice. If the Company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Bancinsurance Corp)

CANCELLATION OF DEBENTURES PAID, ETC. All Debentures ---------------------------------------- surrendered for the purpose of payment, redemption, conversion, exchange or registration of transfer, or in discharge or for credit against any sinking fund payment pursuant to Section 3.04, shall, if surrendered to the Company or any paying agent or any Debenture registrar or any conversion agent, be surrendered to the Trustee and promptly canceled cancelled by it, or, if surrendered to the Trustee or any Authenticating AgentTrustee, shall be promptly canceled cancelled by it, and no Debentures shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Debentures canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall destroy all canceled Debentures cancelled securities and delivery a certificate of such destruction to the Company unless the Company otherwise company directs the Trustee in writingto deliver cancelled securities to the company. If the Company company shall acquire any of the Debentures, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Debentures unless and until the same are surrendered delivered to the Trustee for cancellation.. ARTICLE THREE

Appears in 1 contract

Samples: Indenture (SCS Transportation Inc)

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