Cancellation of Securities, Coupons and Talons. 13.1 All Securities which are surrendered in connection with redemption (together with all unmatured Coupons attached to or delivered with such Securities), all Coupons which are paid and all Talons which are exchanged shall be cancelled by the Paying Agent to which they are surrendered. Each of the Paying Agents shall give to the Principal Paying Agent details of all payments and exchanges made by it and shall deliver all cancelled Securities, Coupons and Talons to the Principal Paying Agent (or as the Principal Paying Agent may specify). Where Securities are purchased by or on behalf of the Issuer or any of its Subsidiaries, the Issuer shall immediately notify the Principal Paying Agent of the principal amount of those Securities it has purchased and may (at the option of the Issuer) procure that the Securities (together with all unmatured Coupons and Talons appertaining to those Securities) are promptly cancelled and delivered to the Principal Paying Agent or its authorised agent.
Appears in 10 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
