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 17.01. The Trustees (and any trustee or trustees or co-trustee or co-trustees appointed pursuant to the provisions of this Indenture) may, and upon request of the Company shall, cancel and discharge the Lien hereof and execute and deliver to the Company such deeds and instruments as shall be requisite to satisfy the Lien hereof and reconvey and transfer to the Company the Mortgaged and Pledged Property, whenever all indebtedness secured hereby shall have been paid, including all proper charges of the Trustees hereunder. Notwithstanding the satisfaction and discharge of this Indenture, the Trustees shall have man unsecured right to charge and be reimbursed for any expenditures and liabilities (incurred in good faith and without negligence by the Trustees) which they or either of them may thereafter incur. Bonds and interest obligations for the payment of which and bonds for the redemption of which either
(i) moneys in the necessary amount or
(ii) obligations of the United States of America which shall not contain provisions permitting the redemption thereof at the option of the issuer, the principal of and the interest on which when due, and without any regard to reinvestment thereof, will, in the opinion of an Independent accountant, provide moneys which, together with the moneys, if any, deposited with or held by the Trustee, shall be sufficient to pay when due and to become due on said bonds or portions thereof on the redemption date or maturity date thereof, as the case may be, shall have been set apart by or deposited with the Trustee, with irrevocable direction so to apply the same, subject to the provisions of Section 19.03 hereof (with or without any additional right given to the holders to surrender their bonds or obtain therefrom payment therefor prior to the redemption date) shall for all purposes under this Indenture, including satisfying the Lien of this Indenture, be deemed to have been paid; provided that in case of redemption the notice requisite to the validity of such redemption shall have been given or arrangements shall have been made assuring to the satisfaction of the Trustee that the same will be given, and provided further that the Trustee shall receive an Opinion of Counsel to the effect that such setting apart by, or deposit with, the Trustee does not require registration on behalf of any such obligations of the United States of America by the Company or by the Trustee under the Investment Company Act of 1940, does not viol...
Discharge of Mortgage. Mortgagee, upon payment of all principal and interest and of all sums otherwise due under the Security Documents, shall, at the expense of Shipowner, forthwith cause this Deed and the Statutory 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, the Mortgage and the General Assignment it shall continue in full force and effect after any discharge of the Loan Agreement, the Master Swap Agreement, the Mortgage and the General Assignment.
Discharge of Mortgage. Section 20.01 The Trustee (and any separate trustee or trustees or co-trustee or co-trustees appointed pursuant to the provisions of this Indenture) may, and upon request of the Company shall, cancel and discharge the Lien hereof, and execute and deliver to the Company such deeds and instruments as shall be requisite to satisfy the Lien hereof and reconvey and transfer to the Company the Mortgaged and Pledged Property, whenever all indebtedness secured hereby, including all proper charges of the Trustee hereunder, shall have been paid or shall have been duly provided for as set forth in Section 20.02 hereof. Discharge of the Lien hereof Notwithstanding the satisfaction and discharge of this Indenture, the Trustee shall have an unsecured right to charge and be reimbursed for any expenditures and liabilities (incurred in good faith and without negligence by the Trustee) which it may thereafter incur. Trustee’s unsecured right to reimbursement
Discharge of Mortgage. (a) The beneficial owner of the Issuer, Mr. Sit Xxx Xxxx shall, and the Issuer shall make sure that Mr. Sit Xxx Xxxx shall discharge the mortgage against the property located at 00/X, Xxxxxxxx Xxxxx, 000 Xxxxxxxx Xxxx, Wan Chai with a Property Reference Number (PRN) of A1461265 (“the “Property”) within three (3) months upon signing of this Agreement.
(b) Mr. Sit Xxx Xxxx shall not create, or permit to create any further mortgage, debenture, charge, pledge, lien or other encumbrance upon, or permit any lien or other encumbrance to arise on or affect, any part of the Property upon signing of this Agreement.
