Discharge of Master Indenture Sample Clauses

Discharge of Master Indenture. If (a) 100% of all the Secured Obligations due, or to become due, have been paid, or provision shall have been made for the payment thereof in accordance with Section 8.02 hereof with respect to any Bonds, in accordance with any TIFIA Loan Agreement with respect to any TIFIA Loan Agreement and in accordance with the applicable Credit Facility or Hedge Facility agreement in the case of any obligations to the providers of such Credit Facility or Hedge Facility, (b) all rebate payments payable to the United States with respect to the Bonds have been paid, or provision shall have been made for the payment thereof, (c) all other amounts payable hereunder (including, but not limited to, Trustee Fees and Expenses) have been paid, or provision shall have been made for the payment thereof, and (d) the opinion of Bond Counsel required by Section 8.03 hereof has been delivered, then, (i) the right, title and interest of the Trustee in and to the Trust Estate shall terminate and be discharged (referred to herein as the ―discharge‖ of this Master Indenture);
AutoNDA by SimpleDocs
Discharge of Master Indenture. If (a) 100% of all the Secured Obligations due, or to become due, have been paid, or provision shall have been made for the payment thereof in accordance with Section 8.02 hereof with respect to any Bonds, in accordance with any TIFIA Loan Agreement with respect to any TIFIA Loan and in accordance with the applicable Credit Facility or Hedge Facility agreement in the case of any obligations to the providers of such Credit Facility or Hedge Facility; (b) all rebate payments payable to the United States with respect to the Bonds have been paid, or provision shall have been made for the payment thereof; (c) all other amounts payable hereunder (including, but not limited to, Trustee Fees and Expenses) have been paid, or provision shall have been made for the payment thereof; and (d) the opinion of Bond Counsel required by Section 8.03 hereof has been delivered, then, (i) the right, title and interest of the Trustee in and to the Trust Estate shall terminate and be discharged (referred to herein as the “discharge” of this Master Indenture); (ii) the Trustee shall transfer and convey to or to the written order of the Transportation Enterprise all property that was part of the Trust Estate, including but not limited to any moneys held in any Account or Subaccount hereunder, except any Defeasance Escrow Fund created pursuant to Section 8.02 hereof (which Defeasance Escrow Fund shall continue to be held in accordance with the agreement governing the administration thereof); and (iii) the Trustee shall execute any instrument requested by the Transportation Enterprise to evidence such discharge, transfer and conveyance.

Related to Discharge of Master Indenture

  • Discharge of Agreement 7.5.1 If the Developer fails to complete the development after ten (10) years from the date of registration of this Agreement at the Registry of Deeds or Land Registration Office Council may review this Agreement, in whole or in part, and may:

  • Discharge of Liens The Owner Trustee will promptly take, at its own expense, action necessary to discharge a Lien (other than the Lien of the Indenture) on the Trust Property resulting from actions by, or claims against, the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Trust Property.

  • Satisfaction and Discharge of Indenture This Indenture shall upon Company Request cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when

  • Discharge of Obligations If at any time all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable as described in Section 11.01 shall have been paid by the Company by depositing irrevocably with the Trustee as trust funds moneys or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then after the date such moneys or Governmental Obligations, as the case may be, are deposited with the Trustee the obligations of the Company under this Indenture with respect to such series shall cease to be of further effect except for the provisions of Sections 2.03, 2.05, 2.07, 4,01, 4.02, 4,03, 7.06, 7.10 and 11.05 hereof that shall survive until such Securities shall mature and be paid. Thereafter, Sections 7.06 and 11.05 shall survive.

  • Discharge of Non-Members Any employee who fails to maintain his membership in the Union as prescribed herein by reason of refusal to pay dues and assessments shall be subject to discharge after seven (7) days' written notice to the Company of the said employee's refusal to maintain his membership.

  • of the Indenture The Holders of a majority in aggregate Liquidation Amount of the Preferred Securities may, on behalf of the Holders of all the Preferred Securities, waive any past default under the Indenture, except a default in the payment of principal or interest (unless such default has been cured and a sum sufficient to pay all matured installments of interest and principal due otherwise than by acceleration has been deposited with the Debenture Trustee) or a default in respect of a covenant or provision which under the Indenture cannot be modified or amended without the consent of the holder of each outstanding Debenture. No such rescission shall affect any subsequent default or impair any right consequent thereon. Upon receipt by the Property Trustee of written notice declaring such an acceleration, or rescission and annulment thereof, by Holders of the Preferred Securities all or part of which is represented by Book-Entry Preferred Securities Certificates, a record date shall be established for determining Holders of Outstanding Preferred Securities entitled to join in such notice, which record date shall be at the close of business on the day the Property Trustee receives such notice. The Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to join in such notice, whether or not such Holders remain Holders after such record date; provided, that, unless such declaration of acceleration, or rescission and annulment, as the case may be, shall have become effective by virtue of the requisite percentage having joined in such notice prior to the day which is 90 days after such record date, such notice of declaration of acceleration, or rescission and annulment, as the case may be, shall automatically and without further action by any Holder be canceled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from giving, after expiration of such 90-day period, a new written notice of declaration of acceleration, or rescission and annulment thereof, as the case may be, that is identical to a written notice which has been canceled pursuant to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the provisions of this Section 5.14(b).

  • Discharge/waiver of liabilities The discharge or waiver of any liability of the supplementary cardmember for any reason will not prejudice or affect the undertakings, liabilities and obligations of the basic cardmember or our rights and remedies against the basic cardmember and vice-versa provided always that the respective liabilities of the basic cardmember and the supplementary cardmember will only be to the extent as provided herein.

  • DISCHARGE, SUSPENSION AND WARNING 21.01 When the attitude or performance of an employee calls for a warning by the Employer, such a warning shall be documented, and a copy of this warning will be forwarded immediately to the regional office of the Union.

  • DISCHARGE, SUSPENSION AND DISCIPLINE 14.01 (a) In the event an Employee is suspended as a disciplinary measure and the Employee considers that an injustice has been done, the matter may be taken up at Step 2 of the Grievance Procedure.

  • Registration Effect of Conveyances and Discharge 4.1 A copy of this Agreement and every amendment and discharge of this Agreement shall be recorded at the office of the Registry of Deeds at Halifax, Nova Scotia and the Developers shall pay or reimburse the Municipality for the registration cost incurred in recording such documents.

Time is Money Join Law Insider Premium to draft better contracts faster.