Common use of Section 309 Cancellation Clause in Contracts

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellation. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be destroyed and the Trustee shall provide to the Company, if requested by the Company, a certificate of destruction.

Appears in 2 contracts

Samples: Cellular Dynamics International, Inc., Modine Manufacturing Co

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Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer transfer, conversion or exchange or for credit against any a sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellationand, if not already cancelled, shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities Security shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All The Trustee shall dispose of all cancelled Securities held by the Trustee in accordance with its customary procedures and shall be destroyed and the Trustee shall provide deliver a certificate of such disposition to the Company, if requested by the Company, a certificate of destruction.

Appears in 2 contracts

Samples: Diamond Offshore Drilling Inc, Diamond Offshore Drilling Inc

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellationand shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled canceled as provided in this SectionSection 309, except as expressly permitted by this Indenture. All cancelled canceled Securities held by the Trustee shall be destroyed and disposed of by the Trustee shall provide to the Company, if requested by the Company, a certificate of destructionin accordance with its customary procedures.

Appears in 1 contract

Samples: Indenture (Cablevision Systems Corp /Ny)

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange transfer, exchange, pursuant to any Designated Event Offer pursuant to Section 1301 or for credit against any sinking fund payment conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellationand shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be destroyed and disposed of in accordance with its standard procedures or as directed by a Company Order; provided, however, that the Trustee shall provide not be required to the Company, if requested by the Company, a certificate of destructiondestroy such Securities.

Appears in 1 contract

Samples: Indenture (Xo Communications Inc)

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or transfer, exchange or for credit against any sinking fund payment conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellationand shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled canceled as provided in this Section, except as expressly permitted by this Indenture. All cancelled canceled Securities held by the Trustee shall be destroyed and the Trustee shall provide to the Company, if requested disposed of as directed by the Company, a certificate of destructionCompany Order.

Appears in 1 contract

Samples: Indenture (Converse Inc)

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellationand shall be promptly canceled by it. The Company or the Guarantor may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company or the Guarantor may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled canceled as provided in this Section, except as expressly permitted by this Indenture. All cancelled canceled Securities held by the Trustee shall be destroyed and the Trustee shall provide to the Company, if requested disposed of as directed by the Company, a certificate of destructionCompany Order.

Appears in 1 contract

Samples: FNB Corp/Fl/

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Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellationTrustee. All Securities so delivered shall be promptly canceled by the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled canceled as provided in this SectionSection 309, except as expressly permitted by this Indenture. All cancelled canceled Securities held by the Trustee shall be destroyed and disposed of by the Trustee shall provide to in accordance with its customary procedures, unless the Company, if requested Trustee is otherwise directed by the Company, a certificate of destructionCompany Order.

Appears in 1 contract

Samples: Noble Drilling Corp

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellationand shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be destroyed and disposed of as directed by a Company Order; provided, however, that the Trustee shall provide 36 not be required to destroy the Company, if requested by the Company, a certificate of destructioncertificates representing such cancelled Securities.

Appears in 1 contract

Samples: Designer Holdings LTD

Section 309 Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellationand shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be destroyed and by the Trustee shall provide to the Company, if requested by the Company, and a certificate of destructionsuch destruction delivered to the Company unless the Trustee is otherwise directed by a Company Order.

Appears in 1 contract

Samples: Medpartners Inc

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