Common use of Discharge of Lien Clause in Contracts

Discharge of Lien. If (a) Mortgagor shall pay or cause to be paid, or there shall otherwise be paid, to Mortgagee all amounts required to be paid by Mortgagor pursuant to this Mortgage and the Senior Partnership Note and the conditions precedent for the Senior Note Indenture to cease, determine and become null and void (except for any surviving rights of transfer or exchange of the Senior Notes provided in Section 13.1 of the Senior Note Indenture and for the obligation to pay the Trustee's fees and expenses provided in Section 6.6 of the Senior Note Indenture) in accordance with Section 13.1 of the Senior Note Indenture shall have occurred, or (b) there shall have occurred a "defeasance" (as defined in Section 4.2 of the Senior Note Indenture) of the Senior Notes, or (c) there shall have occurred a "covenant defeasance" (as defined in Section 4.3 of the Trust Indenture), then in any such case Mortgagee shall promptly cancel and discharge this Mortgage, and any financing statements filed in connection herewith and execute and deliver to Mortgagor all such instruments as may be necessary, required or appropriate to evidence such discharge and satisfaction of said lien or liens.

Discharge of Lien. If (a) Mortgagor shall pay or cause to be paid, or there shall otherwise be paid, to Mortgagee all amounts required to be paid by Mortgagor pursuant to this TCHI Note Guarantee Mortgage and the Senior Partnership Note TCHI Notes and the conditions precedent for the Senior TCHI Note Indenture to cease, determine and become null and void (except for any surviving rights of transfer or exchange of the Senior TCHI Notes provided in Section 13.1 of the Senior TCHI Note Indenture and for the obligation to pay the Trustee's fees and expenses provided in Section 6.6 of the Senior TCHI Note Indenture) in accordance with Section 13.1 of the Senior TCHI Note Indenture shall have occurred, or (b) there shall have occurred a "defeasance" (as defined in Section 4.2 of the Senior TCHI Note Indenture) of the Senior TCHI Notes, or (c) there shall have occurred a "covenant defeasance" (as defined in Section 4.3 of the Trust TCHI Note Indenture), then in any such case Mortgagee shall promptly cancel and discharge this TCHI Note Guarantee Mortgage, and any financing statements filed in connection herewith and execute and deliver to Mortgagor all such instruments as may be necessary, required or appropriate to evidence such discharge and satisfaction of said lien or liens.

Discharge of Lien. If (a) Mortgagor shall pay or cause to be paid, or there shall otherwise be paid, to Mortgagee all amounts required to be paid by Mortgagor pursuant to this Mortgage and the Senior Partnership Upstream Note and the conditions precedent for the Senior TCHI Note Indenture to cease, determine and become null and void (except for any surviving rights of transfer or exchange of the Senior TCHI Notes provided in Section 13.1 of the Senior TCHI Note Indenture and for the obligation to pay the Trustee's fees and expenses provided in Section 6.6 of the Senior TCHI Note Indenture) in accordance with Section 13.1 of the Senior TCHI Note Indenture shall have occurred, or (b) there shall have occurred a "defeasance" (as defined in Section 4.2 of the Senior TCHI Note Indenture) of the Senior TCHI Notes, or (c) there shall have occurred a "covenant defeasance" (as defined in Section 4.3 of the Trust Indenture), then in any such case Mortgagee shall promptly cancel and discharge this Mortgage, and any financing statements filed in connection herewith and execute and deliver to Mortgagor all such instruments as may be necessary, required or appropriate to evidence such discharge and satisfaction of said lien or liens.

Discharge of Lien. If (a) Mortgagor shall pay or cause to be paid, or there shall otherwise be paid, to Mortgagee all amounts required to be paid by Mortgagor pursuant to this Mortgage Senior Guarantee Mortgage, the Senior Notes and the Senior Partnership Note Guarantee and the conditions precedent for the Senior Note Indenture to cease, determine and become null and void (except for any surviving rights of transfer or exchange of the Senior Notes provided in Section 13.1 of the Senior Note Indenture and for the obligation to pay the Trustee's fees and expenses provided in Section 6.6 of the Senior Note Indenture) in accordance with Section 13.1 of the Senior Note Indenture shall have occurred, or (b) there shall have occurred a "defeasance" (as defined in Section 4.2 of the Senior Note Indenture) of the Senior Notes, or (c) there shall have occurred a "covenant defeasance" (as defined in Section 4.3 of the Trust Senior Note Indenture), then in any such case Mortgagee shall promptly cancel and discharge this Senior Guarantee Mortgage, and any financing statements filed in connection herewith and execute and deliver to Mortgagor all such instruments as may be necessary, required or appropriate to evidence such discharge and satisfaction of said lien or liens.