Common use of Section 309 Cancellation Clause in Contracts

Section 309 Cancellation. All Notes surrendered for payment, redemption, transfer, exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 309, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject to the record retention requirements of the Exchange Act).

Appears in 5 contracts

Samples: Collateral Trust Agreement (Tenneco Inc), Collateral Trust Agreement (Tenneco Inc), Xerox Corp

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Section 309 Cancellation. All Notes surrendered for payment, redemption, transfer, conversion or exchange or conversion shallwill, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and, if not already cancelledcanceled, shall will be promptly cancelled canceled by it. The Company Issuer may at any time deliver to the Indenture Trustee for cancellation any Notes previously authenticated and delivered hereunder that which the Company Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall will be promptly cancelled canceled by the Indenture Trustee. No Notes shall Note will be authenticated in lieu of or in exchange for any Notes cancelled canceled as provided in this Section 309Section, except as expressly permitted by this Indenture. All cancelled The Indenture Trustee will dispose of all canceled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject and will deliver a certificate of such disposition to the record retention requirements of the Exchange Act)Issuer.

Appears in 2 contracts

Samples: Indenture (BA Credit Card Trust), National City Credit Card Master Trust

Section 309 Cancellation. All Senior Notes surrendered for payment, redemption, transfer, registration of transfer or exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled by it. The Company may at any time shall deliver to the Trustee for cancellation any Senior Notes previously authenticated and delivered hereunder that which the Company may have acquired in any manner whatsoever, and all Senior Notes so delivered shall be promptly cancelled by the Trustee. No Senior Notes shall be authenticated in lieu of or in exchange for any Senior Notes cancelled as provided in this Section 309Section, except as expressly permitted by this Indenture. All cancelled Senior Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject and certification of their disposal delivered to the record retention requirements of Company unless by a Company Order the Exchange Act)Company shall direct that cancelled Senior Notes be returned to it.

Appears in 2 contracts

Samples: Indenture (Sea Containers LTD /Ny/), Indenture (Sea Containers LTD /Ny/)

Section 309 Cancellation. All Convertible Notes surrendered for payment, redemption, transfer, registration of transfer or exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Convertible Notes previously authenticated and delivered hereunder that which the Company may have acquired in any manner whatsoever, and all Convertible Notes so delivered shall be promptly cancelled by the Trustee. No Convertible Notes shall be authenticated in lieu of or in exchange for any Convertible Notes cancelled as provided in this Section 309, except as expressly permitted by this Indenture. All cancelled Convertible Notes held by the Trustee shall be disposed of as directed by a Company Order; provided, however, that the Trustee in accordance with its customary procedures (subject shall not be required to the record retention requirements of the Exchange Act)destroy cancelled Convertible Notes.

Appears in 1 contract

Samples: Indenture (St Assembly Test Services LTD)

Section 309 Cancellation. All Notes surrendered for payment, redemption, transfer, exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company Either Issuer may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Company either Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 309Section, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject to the record retention requirements of the Exchange Act).

Appears in 1 contract

Samples: Indenture (New Sally Holdings, Inc.)

Section 309 Cancellation. All Notes surrendered for payment, redemption, transfer, exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 309Section, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject to the record retention requirements of the Exchange Act).

Appears in 1 contract

Samples: Credit Agreement (Servicemaster Co)

Section 309 Cancellation. All Notes surrendered for payment, redemption, transfer, exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company Issuer may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Company any of them may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 309Section, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject to the record retention requirements of the Exchange Act).

Appears in 1 contract

Samples: Avis Budget Group, Inc.

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Section 309 Cancellation. All Notes surrendered for payment, redemption, transferpurchase, registration of transfer or exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled by it. The Company Issuer may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that which the Company Issuer may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Notes previously authenticated hereunder which the Issuer has not issued and sold, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 309Section, except as expressly permitted by this the Indenture. All cancelled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject to the record retention requirements of the Exchange Act)Trustee’s standard procedures.

Appears in 1 contract

Samples: Weatherford International PLC

Section 309 Cancellation. All Notes surrendered for payment, redemption, transferregistration of transfer or exchange, exchange conversion or conversion repurchase shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that which the Company may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 309Section, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be disposed of as directed by a Company Order, provided that in no event shall the Trustee in accordance with its customary procedures (subject be required to the record retention requirements of the Exchange Act)destroy such cancelled Notes.

Appears in 1 contract

Samples: Indenture (Iat Multimedia Inc)

Section 309 Cancellation. All Notes surrendered for payment, redemption, transfer, exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company Issuers may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Company any of them may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 309Section, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject to the record retention requirements of the Exchange Act).

Appears in 1 contract

Samples: Supplemental Indenture (Avis Budget Group, Inc.)

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