Common use of PAYMENT AT MATURITY, ETC Clause in Contracts

PAYMENT AT MATURITY, ETC. SECTION 401 Satisfaction and Discharge of Indenture. This Indenture shall upon Company Request cease to be of further effect with respect to Securities (except as to any surviving rights of registration of transfer or exchange of Securities and replacement of lost, stolen or mutilated Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when either (A) all Securities theretofore authenticated and delivered have been delivered to the Trustee for cancellation; or (B) all such Securities not theretofore delivered to the Trustee for cancellation have become due and payable and the Company has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose an amount sufficient to pay and discharge all amounts owed in respect of such Securities not theretofore delivered to the Trustee for cancellation. Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 606 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of this Section, the obligations of the Trustee under the last paragraph of Section 903, shall survive.

PAYMENT AT MATURITY, ETC. SECTION 401 Satisfaction and Discharge of Indenture. This Indenture shall upon Company Request cease to be of further effect with respect to Securities (except as to any surviving rights of registration of transfer or exchange of Securities and replacement of lost, stolen or mutilated Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when either (A) all Securities theretofore authenticated and delivered have been delivered to the Trustee for cancellation; or (B) all such Securities not theretofore delivered to the Trustee for cancellation have become due and payable and the Company has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose an amount sufficient to pay and discharge all amounts owed in respect of such Securities not theretofore delivered to the Trustee for cancellation. Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 606 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of this Section, the obligations of the Trustee under the last paragraph of Section 903, shall survive.