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Discharge of Issuer's obligations Sample Clauses

Discharge of Issuer's obligationsPayments due in respect of Notes for the time being represented by this Global Note shall be made to the bearer of this Global Note and each payment so made will discharge the Issuer's obligations in respect thereof. Any failure to make the entries referred to above shall not affect such discharge.
Discharge of Issuer's obligationsPayments due in respect of Securities for the time being represented by this Global Security shall be made to the bearer of this Global Security and each payment so made will discharge the Issuer's obligations in respect thereof. Any failure to make the entries referred to above shall not affect such discharge.
Discharge of Issuer's obligations. (a) Subject to paragraph (b), the Issuer’s obligations under the Notes and this Indenture, 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, (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 Issuer pursuant to Section 8.05) have been delivered to the Trustee for cancellation and the Issuer has paid all sums payable by it hereunder; or (2) (A) the Notes mature within sixty (60) days, or all of them are to be called for redemption within sixty days under arrangements satisfactory to the Trustee for giving the notice of redemption;
Discharge of Issuer's obligations. (a) Subject to paragraph (b), the Issuer's obligations under the Notes and this Indenture, and the Guarantor's obligations under the Guarantee and this Indenture, 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 (A) the Notes mature within one year, or all of them are to be called for redemption within one year under arrangements reasonably satisfactory to the Trustee for giving the notice of redemption, (B) the Issuer or the Guarantor irrevocably deposits in trust with the Trustee, as trust funds solely for the benefit of the Holders, money in U.S. Dollars or U.S. Government Obligations or a combination thereof sufficient, in the opinion of an internationally recognized firm of independent public accountants expressed in a written certificate delivered to the Trustee to pay principal of and interest on the Notes to maturity or redemption, as the case may be, and to pay all other sums payable by it hereunder, (C) no Default with respect to the Notes has occurred and is continuing on the date of the deposit, (D) the deposit will not result in a breach or violation of, or constitute a Default under, this Indenture or any other agreement or instrument to which the Issuer is a party or by which it is bound, and (E) the Issuer delivers to the Trustee an Officers' Certificate and an Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the satisfaction and discharge of this Indenture have been complied with. (b) After satisfying the conditions in clause (1), only the Issuer's and the Guarantor's obligations under Section 5.06 will survive. After satisfying the conditions in clause (2), only the Issuer's and the Guarantor's obligations in Article 2 and Sections 3.01, 3.02, 5.06, 5.09, 8.05, 8.06 and 11.12 will survive. In either case, the Trustee upon request will acknowledge in writing the discharge of the Issuer's and the Guarantor's obligations under the Notes and this Indenture other than the surviving obligations.
Discharge of Issuer's obligations. (a) Subject to paragraph (b), the Issuer’s obligations under the Notes and this Indenture, and the Guarantors’ obligations under the Guarantees, will terminate if: (i) all Notes previously authenticated and delivered (other than (A) destroyed, lost or stolen Notes that have been replaced or (B) Notes that are paid pursuant to Section 3.01 or (C) Notes for whose payment funds in Dollars or U.S. Government Obligations in Dollars have been held in trust and then repaid to the Issuer pursuant to Section 7.06) have been delivered to the Trustee for cancellation and the Issuer has paid all sums payable by it hereunder; or (ii) (A) the Issuer irrevocably deposits in trust with the Trustee, as trust funds solely for the benefit of the Holders, funds in Dollars or U.S. Government Obligations in Dollars or a combination thereof sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written opinion delivered to the Trustee, without consideration of any reinvestment, to pay principal of and interest on the Notes to maturity or redemption, as the case may be, and to pay all other sums payable by it hereunder;
Discharge of Issuer's obligationsPayments due in respect of Bonds for the time being represented by this Temporary Global Bond shall be made to the bearer of this Temporary Global Bond and each payment so made will discharge the Issuer's obligations in respect thereof. Any failure to make the entries referred to above shall not affect such discharge.
Discharge of Issuer's obligationsAll payments of any amounts payable and paid to the Registered Holder shall be valid and, to the extent of the sums so paid, effectual to satisfy and discharge the liability for the moneys payable hereon and on the relevant Notes. Subject as provided in the following paragraph, until the exchange of the whole of this Global Note as aforesaid, the Registered Holder hereof shall in all respects be entitled to the same benefits as if he were the registered holder of Definitive Registered Notes in the form set out in Schedule 2 (Form of Definitive Registered Note) to the Agency Agreement. Each person who is for the time being shown in the records DTC as entitled to a particular principal amount of the Notes represented by this Global Note (in which regard any certificate or other document issued by DTC as to the principal amount of such Notes standing to the account of any person shall be conclusive and binding for all purposes save in the case of manifest error) shall be deemed to be the Holder of such principal amount of such Notes for all purposes other than with respect to payments of principal and interest on the Notes for which purpose the Registered Holder of this Global Note shall be deemed to be the Holder of such principal amount of the Notes in accordance with and subject to the terms of this Global Note and the Agency Agreement.
Discharge of Issuer's obligations. (a) Subject to paragraph (b), the Issuers’ obligations under the Notes and this Indenture, and each Guarantor’s obligations under its Notes Guarantee (other than of Parent, Tower Automotive Holdings I, LLC or any Subsidiary Guarantor that, directly or indirectly, owns Capital Stock of either of the Issuers), and the obligations of the Issuers and the Subsidiary Guarantors under the Security Documents (except to the extent specifically provided for therein following the termination of the obligations of the Issuers and the Subsidiary Guarantors under such Security Documents), will terminate if: (1) all Notes previously authenticated and delivered (other than (A) destroyed, lost or stolen Notes that have been replaced or (B) Notes that are paid pursuant to Section 4.01 or (C) Notes for whose payment money or U.S. Government Obligations have been held in trust and then repaid to the Issuers pursuant to Section 8.05) have been delivered to the Trustee for cancellation and the Issuers have paid all sums payable by them hereunder; or (2) (A) the Notes have become due and payable, whether at maturity or on a Redemption Date, within sixty days, as a result of the mailing of notice of redemption, under arrangements satisfactory to the Trustee for giving the notice of redemption,
Discharge of Issuer's obligations. Section 8.02.
Discharge of Issuer's obligations. SECTION 8.02. Legal Defeasance