Discharge of Security. The Agent and the Lenders will discharge the Security at the Borrower’s expense forthwith after all of the Borrower’s Indebtedness under the Credit Facilities has been unconditionally and irrevocably paid or satisfied in full and each such facility has been cancelled.
Appears in 3 contracts
Samples: Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.)
Discharge of Security. The Agent and the Lenders will discharge the Security at the Borrower’s expense forthwith after all of the Borrower’s Loan Indebtedness under and the Credit Facilities has Secured Swap Obligations have been unconditionally and irrevocably paid or satisfied in full and the Credit Facilities and each such swap facility has been cancelled.
Appears in 2 contracts
Samples: Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.)
Discharge of Security. The Agent and the Lenders will discharge the Security at the Borrower’s expense forthwith after all of the Borrower’s Indebtedness Obligations under the Credit Facilities and the Documents and the Swap Indebtedness has been unconditionally and irrevocably paid or satisfied in full and each such facility has been cancelledfull.
Appears in 1 contract
Samples: Credit Agreement
Discharge of Security. The Agent and the Lenders will discharge the Security at the Borrower’s expense forthwith after all of the Borrower’s Indebtedness Obligations under the Credit Facilities Term Facility and the Documents and the Swap Indebtedness has been unconditionally and irrevocably paid or satisfied in full and each such facility has been cancelledfull.
Appears in 1 contract
Samples: Agreement
Discharge of Security. The Agent and the Lenders will discharge the Security at the Borrower’s 's expense forthwith after all of the Borrower’s Loan Indebtedness under and the Credit Facilities has Secured Swap Obligations have been unconditionally and irrevocably paid or satisfied in full and the Credit Facilities and each such swap facility has been cancelled.
Appears in 1 contract
Discharge of Security. The Agent and the Lenders will discharge the Security at the Borrower’s 's expense forthwith after all of the Borrower’s 's Indebtedness under the Credit Facilities Loan has been unconditionally and irrevocably paid or satisfied in full and each such facility has been cancelled.
Appears in 1 contract
