Common use of Discharge of Obligation Clause in Contracts

Discharge of Obligation. The obligation of the Defendant, the Insurer and/or Assignee to make each Periodic Payment shall be discharged upon the mailing of a valid check in the amount of such payment to the designated address of the Payee(s) named in Section 2 of this Settlement Agreement.

Discharge of Obligation. The obligation of the Defendant, Insured and/or the Insurer and/or Assignee to make each Periodic Payment shall be discharged upon the mailing of a valid check in the amount of such payment to the designated address of the Payee(s) named in Section 2 of this Settlement Agreement.

Discharge of Obligation. The obligation of the Defendant, the Insurer and/or Assignee to make each Periodic Payment shall be discharged upon the mailing of a valid check in the amount of such payment payments to the designated address of the Payee(s) named in Section 2 of this Settlement Agreement.

Discharge of Obligation. The obligation of the Defendant, the Insurer and/or Assignee to make each Periodic Payment shall be discharged upon the mailing of a valid check in the amount of such payment to the designated address of the Payee(s) named Payees, or the deposit by electronic funds transfer in Section 2 the amount of this Settlement Agreementsuch payment to an account designated by the Payees.

Discharge of Obligation. The obligation of the Defendant, the Insurer and/or Assignee Assignees to make each Periodic Payment shall be discharged upon the mailing of a valid check in the amount of such payment to the designated address of the Payee(s) named Payees, or the deposit by electronic funds transfer in Section 2 the amount of this Settlement Agreementsuch payment to an account designated by the Payees.