Common use of Discharge of Company’s Obligations Clause in Contracts

Discharge of Company’s Obligations. (a) Subject to paragraph (b), the Company’s obligations under the Notes and this Indenture (other than the Company’s obligations under Article 10 of the Indenture and Section 3 of the Notes), and each Guarantor’s obligations under its Note Guarantee, will terminate if: (1) all Notes previously authenticated and delivered (other than (i) destroyed, lost or stolen Notes that have been replaced or (ii) Notes that are paid pursuant to Section 4.01 or (iii) Notes for whose payment money or U.S. Government Obligations have been held in trust and then repaid to the Company pursuant to Section 8.05) have been delivered to the Trustee for cancellation and the Company has paid all sums payable by it hereunder; or (2) if (A) the Notes mature within 60 days or all of them are to be called for redemption within 60 days under arrangements satisfactory to the Trustee for the giving of notice of redemption,

Appears in 2 contracts

Samples: Indenture (Sandridge Energy Inc), Indenture (Sandridge Energy Inc)

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Discharge of Company’s Obligations. (a) Subject to paragraph (b), the Company’s obligations under the Notes and this Indenture (other than the Company’s obligations under Article 10 of the Indenture and Section 3 of the Notes)Indenture, and each Guarantor’s obligations under its Note GuaranteeGuaranty, will terminate, and the Collateral Agreements will terminate and the Collateral shall be released from the Liens thereunder, if: (1i) all Notes previously authenticated and delivered (other than (iA) destroyed, lost or stolen Notes that have been replaced or (iiB) Notes that are paid pursuant to Section 4.01 or (iiiC) Notes for whose payment money or U.S. Government Obligations have been held in trust and then repaid to the Company pursuant to Section 8.05) have been delivered to the Trustee for cancellation and the Company has paid all sums payable by it hereunder; or (2ii) if (A) the Notes mature within 60 days one year, or all of them are to be called for redemption within 60 days one year under arrangements satisfactory to the Trustee for giving the giving of notice of redemption,

Appears in 2 contracts

Samples: Indenture (Century Aluminum Co), Indenture (Century California, LLC)

Discharge of Company’s Obligations. (a) Subject to paragraph (b), the Company’s 's obligations under the Notes and this Indenture (other than the Company’s obligations under Article 10 of the Indenture and Section 3 of the Notes)Indenture, and each Guarantor’s 's obligations under its Note Guarantee, will terminate, and the Collateral Agreements will terminate and the Collateral shall be released from the Liens thereunder, if: (1i) all Notes previously authenticated and delivered (other than (iA) destroyed, lost or stolen Notes that have been replaced or (iiB) Notes that are paid pursuant to Section 4.01 or (iiiC) Notes for whose payment money or U.S. Government Obligations have been held in trust and then repaid to the Company pursuant to Section 8.05) have been delivered to the Trustee for cancellation and the Company has paid all sums payable by it hereunder; or (2ii) if (A) the Notes mature within 60 days one year, or all of them are to be called for redemption within 60 days one year under arrangements satisfactory to the Trustee for giving the giving of notice of redemption,

Appears in 1 contract

Samples: Indenture (Century Aluminum Co)

Discharge of Company’s Obligations. (a) Subject to paragraph (bSection 8.01‎(b), the Company’s obligations under the Notes and this Indenture (other than the Company’s obligations under Article 10 of the Indenture and Section 3 of the Notes)Indenture, and each Guarantor’s obligations under its Note Guarantee, will terminate, and the Collateral Agreements will terminate and the Collateral shall be released from the Liens thereunder, if: (1i) all Notes previously authenticated and delivered (other than (iA) destroyed, lost or stolen Notes that have been replaced or (iiB) Notes that are paid pursuant to Section ‎Section 4.01 or (iiiC) Notes for whose payment money or U.S. Government Obligations have been held in trust and then repaid to the Company pursuant to Section ‎Section 8.05) have been delivered to the Trustee for cancellation and the Company has paid all sums payable by it hereunder; or (2ii) if (A) the Notes mature within 60 days one year, or all of them are to be called for redemption within 60 days one year under arrangements satisfactory to the Trustee for giving the giving of notice of redemption,

Appears in 1 contract

Samples: Indenture (Century Aluminum Co)

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Discharge of Company’s Obligations. (a) Subject to paragraph (bSection 8.01(b), the Company’s obligations under the Notes and this Indenture (other than the Company’s obligations under Article 10 of the Indenture and Section 3 of the Notes)Indenture, and each Guarantor’s obligations under its Note Guarantee, will terminate, and the Collateral Agreements will terminate and the Collateral shall be released from the Liens thereunder, if: (1i) all Notes previously authenticated and delivered (other than (iA) destroyed, lost or stolen Notes that have been replaced or (iiB) Notes that are paid pursuant to Section 4.01 or (iiiC) Notes for whose payment money or U.S. Government Obligations have been held in trust and then repaid to the Company pursuant to Section 8.05) have been delivered to the Trustee for cancellation and the Company has paid all sums payable by it hereunder; or (2ii) if (A) the Notes mature within 60 days one year, or all of them are to be called for redemption within 60 days one year under arrangements satisfactory to the Trustee for giving the giving of notice of redemption,

Appears in 1 contract

Samples: Indenture (Century Aluminum Co)

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