Discharge of Mortgage. Notwithstanding that this Deed is expressed to be supplemental to the Mortgage it shall continue in full force and effect after any discharge of the Mortgage.
Discharge of Mortgage. When the Indebtedness and all Obligations are satisfied in full by the Borrower, and the Borrower has no further liability under any Agreement, and the Lender has no obligation to make any further advances or extend credit to the Borrower under any Agreement, this Mortgage will have no further effect and the Borrower will be entitled to obtain a discharge of this Mortgage. Where the Borrower is entitled to such discharge of this Mortgage, the discharge will be prepared and signed by the Lender and is to be registered by the Borrower, at the Borrower's expense, in the appropriate registry of deeds, land titles or land registration office to cause cancellation or release of this Mortgage against the Property.
Discharge of Mortgage. The Original Owner hereby agrees that it shall, simultaneously with the delivery of the Vessel to the Intermediate Owner under the First MOA, execute and thereafter register at the Existing Register, a deed of discharge in respect of the Existing Mortgage.
Discharge of Mortgage. Upon written request by Resident, after the expiration of the Term and so long as no Event of Default has occurred and is continuing under the terms of this Agreement, the Land Bank shall execute and deliver to Resident a satisfaction or discharge of Mortgage in proper form for recording in the County Clerk's office.
Discharge of Mortgage. Section 16.01. The Trustee, may, and upon request of the Company shall, cancel and discharge the Lien of this Indenture, and execute and deliver to the Company such deeds and instruments as shall be requisite to satisfy of record the Lien of this Indenture, and reconvey and transfer to the Company the Mortgaged and Pledged Property, whenever all indebtedness secured hereby shall have been paid (other than contingent reimbursement obligations or indemnification obligations for which no demand has been made), including all proper charges of the Trustee hereunder. For this purpose bonds for the purchase, payment or redemption of which money shall have been set apart by or paid to the Trustee and interest obligations and matured bonds for the payment of which moneys shall have been deposited with the Trustee shall be deemed to be paid. The Company may, as set forth in a Resolution delivered to the Trustee, at any time, exercise their rights under this Section 16.01 hereof with respect to all bonds then Outstanding upon compliance with the conditions set forth below. The Company shall, subject to the satisfaction of the conditions set forth below, be deemed to have discharged its obligations with respect to all bonds then Outstanding, on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire obligations represented by the then Outstanding bonds and to have satisfied all its other obligations under such bonds and this Indenture (and the Trustee, on demand of and at the expense of the Company shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of holders of bonds then Outstanding to receive solely from the trust fund described below, payments in respect of the principal of, Premium, if any, and interest on such bonds when such payments are due, (b) the rights, powers, trusts, duties, indemnities and immunities of the Trustee hereunder and the Company’s obligations in connection therewith and (c) the Legal Defeasance provisions of this Section 16.01. If the Company exercises its Legal Defeasance option, any security for the bonds (other than the trust described below) will be released. In order to exercise its Legal Defeasance option:
(1) the Company must irrevocably deposit with the Trustee, ...
Discharge of Mortgage. Mortgagee, upon payment of all principal and interest and of all sums otherwise due under the Note and this Mortgage, shall, at the expense of Shipowner, forthwith cause this Mortgage to be discharged and transfer or release to Shipowner all insurance policies and other documents relating to the Vessel.
Discharge of Mortgage. KNOW THAT, HSBC BANK USA, NATIONAL ASSOCIATION, having an address at 000 Xxxxx Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxx, Xxx Xxxx 00000 does hereby consent that the following be discharged of record: Mortgage, Security Agreement and Assignment of Leases and Rents, dated as of March 11, 2009, made by NAPCO SECURITY TECHNOLOGIES, INC., F/K/A NAPCO SECURITY SYSTEMS, INC. to HSBC BANK USA, NATIONAL ASSOCIATION, as administrative agent and collateral agent, recorded April 16, 2009, in Liber 21807, Page 531 in the Register of Deeds of Suffolk County, New York, State of New York which Mortgage was amended by Amendment to Mortgage, Security Agreement and Assignment of Leases and Rents, dated as of June 29, 2012 and recorded on August 2, 2012 in Liber X00000000, Page 946 in the Register of Deeds of Suffolk County, New York, State of New York (“Mortgage”), encumbering premises as more particularly described in said Mortgage. Said Mortgage has not been assigned of record.
Discharge of Mortgage. Notwithstanding that this Assignment is expressed to be supplemental to the Loan Agreement, the Master Swap Agreement and the Mortgage, it shall continue in full force and effect after any discharge of the Loan Agreement, the Master Swap Agreement or the Mortgage.
Discharge of Mortgage. The Creditors hereby agree that, subject to the terms and conditions of this Agreement and in particular, but without prejudice to the generality of the foregoing, satisfaction of the conditions contained in clause 6 and schedule 2, they shall procure that, immediately prior to or concurrently -with the registration of the New Mortgage the Security Agent will execute, and thereafter register with the Existing Registry, a deed of discharge in respect of the Existing Mortgage.
Discharge of Mortgage. After the termination of the Total Commitment and all Designated Hedge Agreements and when all Loans and other Secured Obligations have been paid in full, this Mortgage shall terminate, and the Collateral Agent, at the request and expense of the Mortgagor, will execute and deliver to the Mortgagor a proper instrument or instruments (including Uniform Commercial Code termination statements on form UCC-3) acknowledging the satisfaction and termination of this Mortgage, and will duly assign, transfer and deliver to the Mortgagor (without recourse and without any representation or warranty) such of the Personal Property Collateral as may be in the possession of the Collateral Agent and as has not theretofore been sold or otherwise applied or released pursuant to this Mortgage. In case of failure of the Collateral Agent to promptly so release this Mortgage, all claims for statutory penalties and damages are hereby waived.