Common use of Disposition and Destruction of Note Clause in Contracts

Disposition and Destruction of Note. The Note, upon surrender to the Registrar for final payment, whether at maturity or upon earlier redemption, shall be canceled upon such payment by the Registrar and, upon written request of the Finance Director, be destroyed.

Disposition and Destruction of Note. The Note, upon surrender to the Registrar Trustee for final payment, whether at maturity or upon earlier redemption, shall be canceled upon such payment by the Registrar Trustee and, upon written request of the Finance Director, be destroyed.