Final Discharge Date Clause Samples
The "Final Discharge Date" clause defines the specific date on which all obligations, liabilities, or claims between the parties under the agreement are considered fully satisfied and released. In practice, this clause sets a clear endpoint after which neither party can make further claims or demands related to the contract, often following the completion of all payments or the fulfillment of agreed conditions. Its core function is to provide certainty and closure, ensuring that both parties know when their contractual relationship and responsibilities formally end.
Final Discharge Date. Upon the occurrence of the Final Discharge Date, the Security Agent shall, at the request and cost of the Chargor, release and cancel the Security constituted by this Deed without recourse to, or any representation or warranty by, the Security Agent or any of its nominees.
Final Discharge Date. 16.3.1 The Notes Agent shall promptly notify the other Agents of the occurrence of a Redemption under the Terms and Conditions.
16.3.2 Any New Creditor Agent and Hedging Counterparty Agent (as the case may be) shall promptly notify the other Agent of the occurrence of the Final Discharge Date under the relevant New Debt Documents or Hedging Agreement (as the case may be).
Final Discharge Date. The Super Senior Facility Agent shall promptly notify the Bonds Agent and any New Senior Creditors of the occurrence of the Final Discharge Date under the Super Senior Facility Documents or Hedging Agreements.
Final Discharge Date. (a) The Super Senior RCF Creditor shall promptly notify the other Agents of the occurrence of the Final Discharge Date under the Super Senior RCF Documents.
(b) The Bonds Agent shall promptly notify the other Agents of the occurrence of the Final Discharge Date under the Terms and Conditions.
(c) Any New Creditor shall promptly notify each Agent of the occurrence of the Final Discharge Date under the relevant New Debt Documents.
Final Discharge Date. (a) The Super Senior RCF Agent shall promptly notify the other Agents of the occurrence of the Final Discharge Date under the Super Senior RCF Documents.
(b) The New Notes Agent shall promptly notify the other Agents of the occurrence of the Final Discharge Date under the New Notes Terms and Conditions.
(c) The Elevated Notes Agent shall promptly notify the other Agents of the occurrence of the Final Discharge Date under the Elevated Notes Terms and Conditions.
(d) The Senior Notes Agent shall promptly notify the other Agents of the occurrence of the Final Discharge Date under the Senior Notes Terms and Conditions.
(e) Any New Creditor shall promptly notify each Agent of the occurrence of the Final Discharge Date under the relevant New Debt Documents.