Common use of Cancellation of Securities Paid, etc Clause in Contracts

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agent, be surrendered to the Trustee and promptly cancelled by it or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of cancelled Securities in accordance with its customary procedures. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 4 contracts

Samples: Indenture (First Mercury Financial Corp), Indenture (First Mercury Financial Corp), Indenture (Proassurance Corp)

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Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agentpaying agent, be surrendered to the Trustee and promptly cancelled by it it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of deliver all cancelled Securities in accordance with its customary proceduresto the Company. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 4 contracts

Samples: Indenture (Citicorp), Indenture (Bank of America Corp /De/), Indenture (Citicorp)

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company Company, the Guarantor or any Paying Agentpaying agent, be surrendered to the Trustee and promptly cancelled by it it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of deliver all cancelled Securities in accordance with its customary proceduresto the Company. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 3 contracts

Samples: Indenture (Countrywide Financial Corp), Indenture (Countrywide Capital Ii), Indenture (Countrywide Capital Ii)

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agentpaying agent, be surrendered to the Trustee and promptly cancelled by it it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of deliver all cancelled Securities in accordance with its customary proceduresto the Company. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness indebt edness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (Nb Capital Trust I), Indenture (Nb Capital Trust I)

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agent, be surrendered to the Trustee and promptly cancelled by it it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of cancelled Securities in accordance with its customary procedures. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (James River Group, INC), Indenture (James River Group, INC)

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemptionexchange, exchange conversion or registration of transfer, transfer shall, if surrendered to the Company Corporation, any paying agent, any Security registrar or any Paying Exchange Agent, be surrendered delivered to the Trustee and for cancellation and, if not already cancelled, promptly cancelled by it it, or, if surrendered to the Trustee or any Authenticating AgentTrustee, shall shall, if not already cancelled, be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of destroy cancelled Securities in accordance with its customary proceduresand deliver a certificate of such destruction to the Corporation. If the Company Corporation shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 2 contracts

Samples: Indenture (J P Morgan Chase & Co), J P Morgan Chase & Co

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agentpaying agent, be surrendered to the Trustee and promptly cancelled canceled by it it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled canceled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled canceled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of cancelled deliver all canceled Securities in accordance with its customary proceduresto the Company. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. 20 SECTION 2.11.

Appears in 1 contract

Samples: Interpool Inc

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agentpaying agent, be surrendered to the Trustee and promptly cancelled canceled by it it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of deliver all cancelled Securities in accordance with its customary proceduresto the Company. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Unifi Inc)

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Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agentpaying agent, be surrendered to the Trustee and promptly cancelled by it it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of destroy cancelled Securities in accordance with its customary proceduresand shall deliver a certificate of such destruction to the Company. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. ARTICLE THREE.

Appears in 1 contract

Samples: Indenture (Phillips Petroleum Co)

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, shall, if surrendered to the Company or any Paying Agent, be surrendered to the Trustee and promptly cancelled by it or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, it and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of cancelled Securities in accordance with its customary procedures. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 1 contract

Samples: State National Companies, Inc.

Cancellation of Securities Paid, etc. All Securities of any series surrendered for the purpose of payment, redemption, exchange or registration of transfertransfer and all coupons surrendered for payment, shall, if surrendered to the Company or any Paying Agentpaying agent, be surrendered to the Trustee and promptly cancelled by it for cancellation, or, if surrendered to the Trustee or any Authenticating AgentTrustee, shall be promptly cancelled by it, and no Securities or coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the TrusteeIndenture or of such series of Securities. The Trustee shall dispose of deliver all cancelled Securities in accordance with its customary proceduresto the Company. If the Company shall acquire any of the SecuritiesSecurities or coupons, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or coupons unless and until the same are surrendered to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture (Betzdearborn Inc)

Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer, transfer shall, if surrendered to the Company or any Paying Agentpaying agent, be surrendered to the Trustee and promptly cancelled by it it, or, if surrendered to the Trustee or any Authenticating Agent, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. All Securities cancelled by any Authenticating Agent shall be delivered to the Trustee. The Trustee shall dispose of destroy cancelled Securities in accordance with its customary proceduresand shall deliver a certificate of such destruction to the Company. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation.

Appears in 1 contract

Samples: Masco Corp /De/

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