Common use of PARTIAL REDEMPTION OF SECURITIES Clause in Contracts

PARTIAL REDEMPTION OF SECURITIES. In case part but not all of an Outstanding Security shall be selected for redemption, upon presentation and Surrender of such Security by the Holder thereof or its attorney duly authorized in writing (with due endorsement by, or a written instrument of transfer in such form satisfactory to the Trustee) the Trustee shall authenticate and deliver to a, upon the order of such Holder, without change there for, for the unredeemed portion of the principal amount of the Security so surrendered, a Security or Securities, at the option of such Holder, of like tenor. Fully registered Securities so presented and surrendered shall be canceled in accordance with this Indenture.

PARTIAL REDEMPTION OF SECURITIES. In case part but not all of an Outstanding Security shall be selected for redemption, upon presentation and Surrender surrender of such Security by the Holder thereof or its his attorney duly authorized in writing (with due endorsement by, or a written instrument of transfer in such form satisfactory to the Trustee) the Trustee shall authenticate and deliver to a, or upon the order of such Holder, without change there forcharge therefor, for the unredeemed portion of the principal amount of the Security so surrendered, a Security or Securities, at the option of such Holder, Holder of like tenor. Fully registered Securities so presented and surrendered shall be canceled in accordance with this Indenture.

PARTIAL REDEMPTION OF SECURITIES. In case part but not all of an Outstanding Security shall be selected for redemptiona partial redemption of Securities, upon presentation and Surrender surrender of such Security by the Holder thereof or its attorney duly authorized in writing (with due endorsement by, or a written instrument of transfer in such form satisfactory to the Trustee) ), the Trustee shall authenticate and deliver to a, or upon the order of such Holder, without change there for, for the unredeemed portion of the principal amount of the Security or Securities so surrendered, a Security or Securities, at the option of such Holder, of like tenor. Fully registered The Trustee shall cancel the Securities so presented and surrendered shall be canceled in accordance with this Indenturesurrendered.