Common use of Cancellation of Surrendered Securities Clause in Contracts

Cancellation of Surrendered Securities. All Securities surrendered for payment, redemption, registration of transfer or exchange, and all Coupons surrendered for payment, shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellation by it, or, if surrendered to the Trustee, shall be canceled by it, and all Securities delivered to the Trustee in discharge or satisfaction in whole or in part of any Sinking Fund payment (referred to in Section 3.04) shall be canceled by the Trustee and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. By a Company Request the Trustee shall dispose of the Securities in accordance with its customary procedures. If the Company shall acquire any of the Securities or Coupons, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness or rights represented by such Securities or Coupons unless and until the same are delivered or surrendered to the Trustee for cancellation.

Cancellation of Surrendered Securities. All Securities surrendered for payment, redemptionredemption (whether through the operation of a Sinking Fund or otherwise), registration of transfer or exchange, and all Coupons coupons surrendered for payment, shall, if surrendered to any Person person other than the Trustee, be delivered to the Trustee for cancellation by it, it or, if surrendered to the Trustee, shall be canceled cancelled by it, and all Securities delivered to the Trustee in discharge or satisfaction in whole or in part of any Sinking Fund payment (referred to in Section 3.04) shall be canceled cancelled by the Trustee Trustee, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. By The Trustee will destroy cancelled Securities and coupons and deliver a certificate of destruction to the Company Request the Trustee shall dispose of the Securities in accordance with its customary proceduresunless requested otherwise. If the Company shall acquire any of the Securities or Couponscoupons, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness or rights represented by such Securities or Coupons coupons unless and until the same are delivered or surrendered to the Trustee for cancellation.

Cancellation of Surrendered Securities. All Securities -------------------------------------- surrendered for payment, redemption, registration of transfer or exchange, and all Coupons surrendered for payment, shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellation by it, or, if surrendered to the Trustee, shall be canceled by it, and all Securities delivered to the Trustee in discharge or satisfaction in whole or in part of any Sinking Fund payment (referred to in Section 3.04) shall be canceled by the Trustee and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. By a Company Request the Trustee shall dispose of deliver to the Company canceled Securities in accordance with its customary proceduresand Coupons held by the Trustee. If the Company shall acquire any of the Securities or Coupons, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness or rights represented by such Securities or Coupons unless and until the same are delivered or surrendered to the Trustee for cancellation.