Common use of Action Upon Payment of Lessor Notes or Termination of Facility Lease Clause in Contracts

Action Upon Payment of Lessor Notes or Termination of Facility Lease. Subject to the terms of Section 5.4 hereof, upon payment in full of the principal of and interest on all Lessor Notes then outstanding and all other amounts then due all Noteholders hereunder, and all other sums secured hereby or otherwise required to be paid hereunder, under the Participation Agreement and under the Facility Lease, the Indenture Trustee shall execute and deliver to, or as directed in writing by, the Owner Lessor and the Facility Lessee an appropriate instrument in due form for recording, releasing the Indenture Estate from the Lien of this Indenture. Nothing in this Section 5.3 shall be deemed to expand the instances in which the Owner Lessor is entitled to prepay the Lessor Notes.

Appears in 7 contracts

Samples: Indenture of Trust, Mortgage and Security Agreement (Calpine Corp), Indenture of Trust, Mortgage and Security Agreement (Calpine Corp), Indenture of Trust, Deed of Trust, Assignment of Rents and Leases, Security Agreement and Financing Statement (Calpine Corp)

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