Common use of Cancellation of Surrendered Debt Securities Clause in Contracts

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, certification of their disposition delivered to the Partnership, unless otherwise directed. On request of the Partnership, the Trustee shall deliver to the Partnership canceled Debt Securities held by the Trustee. If the Partnership shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 4 contracts

Samples: Indenture (MPLX Lp), Senior Indenture (MPLX Lp), Indenture (MPLX Lp)

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Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership Issuer or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures (subject to the record retention requirements of the Exchange Act) and, on request of the PartnershipIssuer, certification of their disposition delivered to the PartnershipIssuer, unless otherwise directed. On request of the PartnershipIssuer, the Trustee shall deliver to the Partnership Issuer canceled Debt Securities held by the Trustee. If the Partnership Issuer shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Issuer may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 2 contracts

Samples: MPLX Operations LLC, MPLX Operations LLC

Cancellation of Surrendered Debt Securities. All Debt ------------------------------------------- Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered for payment or exchange shall, if surrendered to the Partnership Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities and Coupons held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures destroyed (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction (or retention) delivered to the PartnershipCompany, unless otherwise directed. On request of the PartnershipCompany, the Trustee shall deliver to the Partnership Company canceled Debt Securities and Coupons held by the Trustee. If the Partnership Company shall acquire any of the Debt SecuritiesSecurities or Coupons, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Company may not issue new Debt Securities or Coupons to replace Debt Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 2 contracts

Samples: Electronic Data Systems Corp /De/, Electronic Data Systems Corp /De/

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership Company or to any paying agent or a RegistrarRegistrar or to a Trustee who is not the Appropriate Trustee, be delivered to the Appropriate Trustee for cancellation by it, or if surrendered to the Appropriate Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Appropriate Trustee shall be disposed of in accordance with the Trustee’s then standard procedures destroyed (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction delivered to the PartnershipCompany, unless otherwise directed. On request of the PartnershipCompany, the Appropriate Trustee shall deliver to the Partnership Company canceled Debt Securities held by the such Trustee. If the Partnership Company shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Appropriate Trustee for cancellation. The Partnership Company may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Appropriate Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 2 contracts

Samples: Indenture (Dirtt Environmental Solutions LTD), Dirtt Environmental Solutions LTD

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered for payment or exchange shall, if surrendered to the Partnership Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities and Coupons held by the Trustee shall be disposed of destroyed in accordance with the Trustee’s then its standard procedures (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction delivered to the PartnershipCompany, unless otherwise directed. On request of the PartnershipCompany, the Trustee shall deliver to the Partnership Company canceled Debt Securities and Coupons held by the Trustee. If the Partnership Company shall acquire any of the Debt SecuritiesSecurities or Coupons, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Company may not issue new Debt Securities or Coupons to replace Debt Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 2 contracts

Samples: Pioneer Natural Resources Co, Pioneer Natural Resources Co

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership an Issuer or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of destroyed in accordance with the Trustee’s then its standard procedures (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction delivered to the PartnershipIssuers, unless otherwise directed. On request of the PartnershipIssuers, the Trustee shall deliver to the Partnership Issuers canceled Debt Securities held by the Trustee. If either of the Partnership Issuers shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Issuers may not issue new Debt Securities to replace Debt Securities it has that have been redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 2 contracts

Samples: Satisfaction and Discharge of Indenture; Defeasance; Unclaimed Moneys (PSE Finance Corp), PSE Finance Corp

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership Issuers or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures destroyed (subject to the record retention requirements of the Exchange ActAct and the Trustee) and, on request of the Partnership, and certification of their disposition cancellation delivered to the PartnershipIssuers, unless otherwise directedupon request. On request of the PartnershipIssuers, the Trustee shall deliver to the Partnership Issuers canceled Debt Securities held by the Trustee (subject to the Trustee’s record retention requirements). If the Partnership Issuers shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Issuers may not issue new Debt Securities to replace Debt Securities it has they have redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 2 contracts

Samples: MPT Operating Partnership, L.P., MPT of West Anaheim, LLC

Cancellation of Surrendered Debt Securities. All Debt ------------------------------------------- Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership Iss uers or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this the Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in accordance with the Trustee’s then standard procedures (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, certification of their disposition delivered to the Partnership, unless otherwise directedits customary manner. On request of the PartnershipIssuers, the Trustee shall deliver to the Partnership Issuers canceled Debt Securities held by the Trustee. If the Partnership Issuers shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Issuers may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 1 contract

Samples: Plains All American Pipeline Lp

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered for payment or exchange shall, if surrendered to the Partnership Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities and Coupons held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures destroyed (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction (or retention) delivered to the PartnershipCompany, unless otherwise directed. On request of the PartnershipCompany, the Trustee shall deliver to the Partnership Company canceled Debt Securities and Coupons held by the Trustee. If the Partnership Company shall acquire any of the Debt SecuritiesSecurities or Coupons, however, such acquisition shall not operate as a redemption or satisfaction of the Debt Indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Company may not issue new Debt Securities or Coupons to replace Debt Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 1 contract

Samples: Pioneer Natural Resources Usa Inc

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of in accordance with the Trustee’s then its standard procedures practice (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition delivered to the Partnership, unless otherwise directedPartnership upon written request. On request of the Partnership, the Trustee shall deliver to the Partnership canceled Debt Securities held by the Trustee. If the Partnership shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in expressly permitted by any of the provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (Te Products Pipeline Co LLC)

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Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered for payment or exchange shall, if surrendered to the Partnership Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities and Coupons held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction delivered to the PartnershipCompany, at the Company’s request, unless otherwise directed. On request of the PartnershipCompany, the Trustee shall deliver to the Partnership Company canceled Debt Securities and Coupons held by the Trustee. If the Partnership Company or the Guarantor shall acquire any of the Debt SecuritiesSecurities or Coupons, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Company may not issue new Debt Securities or Coupons to replace Debt Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 1 contract

Samples: Warren Resources (Warren Resources of California Inc)

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of by the Trustee in accordance with its procedures for the Trustee’s then standard procedures disposition of canceled securities in effect as of the date of such disposition (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition shall be delivered to the Partnership, unless otherwise directedCompany. On request of the PartnershipCompany, the Trustee shall deliver to the Partnership Company canceled Debt Securities held by the Trustee. If the Partnership Company shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Company may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 1 contract

Samples: Cornell Corrections Inc

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures (subject to the record retention requirements of the Exchange Act) and, on request of by the Partnership, certification of their disposition delivered to the Partnership, unless otherwise directedTrustee in its customary manner. On request of the Partnership, the Trustee shall deliver to the Partnership canceled Debt Securities held by the Trustee. If the Partnership shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.. Senior Indenture 18

Appears in 1 contract

Samples: Kaneb Pipe Line Operating Partnership Lp

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered for payment or exchange shall, if surrendered to the Partnership Company or any paying agent Paying Agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities and Coupons held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures destroyed (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction delivered to the PartnershipCompany, unless otherwise directed. On request of the PartnershipCompany, the Trustee shall deliver to the Partnership Company canceled Debt Securities and Coupons held by the Trustee. If the Partnership Company shall acquire any of the Debt SecuritiesSecurities or Coupons, however, such acquisition shall not operate as a redemption or satisfaction of the Debt indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Company may not issue new Debt Securities or Coupons to replace Debt Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 1 contract

Samples: Snyder Oil Corp

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to the Partnership Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be promptly canceled by itit in accordance with its customary procedures, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures destroyed (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction delivered to the PartnershipCompany upon request, unless otherwise directed. On request of the PartnershipCompany, the Trustee shall deliver to the Partnership Company canceled Debt Securities held by the Trustee. If the Partnership Company shall acquire any of the Debt Securities, however, such acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Company may not issue new Debt Securities to replace Debt Securities it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 1 contract

Samples: Indenture (RAIT Financial Trust)

Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of transfer or exchange and all Coupons surrendered for payment or exchange shall, if surrendered to the Partnership Company or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities and Coupons held by the Trustee shall be disposed of in accordance with the Trustee’s then standard procedures destroyed (subject to the record retention requirements of the Exchange Act) and, on request of the Partnership, and certification of their disposition destruction (or retention) delivered to the PartnershipCompany, unless otherwise directed. On request of the PartnershipCompany, the Trustee shall deliver to the Partnership Company canceled Debt Securities and Coupons held by the Trustee. If the Partnership Company shall acquire any of the Debt SecuritiesSecurities or Coupons, however, such acquisition shall not operate as a 27 redemption or satisfaction of the Debt Indebtedness represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Partnership Company may not issue new Debt Securities or Coupons to replace Debt Securities or Coupons it has redeemed, paid or delivered to the Trustee for cancellation, except as otherwise provided in this Indenture.

Appears in 1 contract

Samples: Pioneer Natural Resources Usa Inc

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