Common use of Discharge Prior to Maturity Clause in Contracts

Discharge Prior to Maturity. If the Company deposits with the Trustee or the Paying Agent money or U.S. Government Obligations sufficient to pay the principal of and interest on the Debentures to maturity, the Company will be discharged from the Indenture except for certain sections thereof.

Appears in 6 contracts

Samples: Indenture (Equity Corp International), Indenture (Asc Holdings Inc), Indenture (Global Telesystems Group Inc)

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Discharge Prior to Maturity. If the Company deposits with the Trustee or the Paying Agent money or U.S. Government Obligations sufficient to pay the principal of and interest on the Debentures Notes to maturitymaturity as provided in the First Supplemental Indenture and the Indenture, the Company will be discharged from the First Supplemental Indenture and the Indenture except for certain sections Sections thereof.

Appears in 2 contracts

Samples: First Supplemental Indenture (Natural Microsystems Corp), Natural Microsystems Corp

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Discharge Prior to Maturity. If the Company deposits with the Trustee or the Paying Agent money or U.S. Government Obligations sufficient to pay the principal of and interest on the Debentures Notes to maturity, the Company will be discharged from the Indenture except for certain sections Sections thereof.

Appears in 1 contract

Samples: Igene Biotechnology Inc

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