Common use of Reference to Bonds Ineffective After Bonds Paid Clause in Contracts

Reference to Bonds Ineffective After Bonds Paid. Upon payment of the Bonds and upon payment of all obligations under this Loan Agreement, all references in this Loan Agreement to the Bonds and the Trustee shall be ineffective, and neither the Trustee, the Issuer nor the holders of any of the Bonds shall thereafter have any rights hereunder except as provided in Section 6.6 hereof and except with regard to payments of costs and expenses of the Trustee and the Issuer by the Company.

Appears in 2 contracts

Samples: Loan Agreement (Leiner Health Products Inc), Loan Agreement (Leslie Building Products Inc)

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Reference to Bonds Ineffective After Bonds Paid. Upon payment Payment of the Bonds and upon payment of all obligations under this Loan Agreement, all references in this Loan Agreement to the Bonds and the Trustee shall be ineffective, and neither the Trustee, the Issuer Trustee nor the holders of any of the Bonds shall thereafter have any rights hereunder except as provided in Section 6.6 7.2 hereof and except with regard to payments of costs any documented, out of pocket reasonable fees and expenses of the Trustee and the Issuer by the CompanyCompany in accordance with this Loan Agreement.

Appears in 2 contracts

Samples: Loan and Guaranty Agreement (Enviva Inc.), Loan Agreement (COMMERCIAL METALS Co)

Reference to Bonds Ineffective After Bonds Paid. Upon payment of the Bonds and upon payment of all obligations under this Loan Agreement, all references in this Loan Agreement to the Bonds and the Trustee shall be ineffective, and neither the Trustee, the Issuer nor the holders of any of the Bonds shall thereafter have any rights hereunder except as provided in Section 6.6 hereof and except with regard to payments of costs and expenses of the Trustee and the Issuer by the CompanyLessee.

Appears in 1 contract

Samples: Lease Agreement (International Absorbents Inc)

Reference to Bonds Ineffective After Bonds Paid. Upon payment Payment in Full of the Bonds and upon payment of all obligations under this Loan AgreementBonds, all references in this Loan Agreement to the Bonds and the Trustee shall be ineffective, ineffective and neither the TrusteeIssuer, the Issuer Trustee nor the holders of any of the Bonds Bondholder shall thereafter have any rights hereunder except as provided in Section 6.6 hereof and except with regard to payments of costs and expenses of the Trustee hereunder, and the Issuer by Borrower shall have no further obligation hereunder, except for any obligation to the CompanyIssuer, the Trustee, the Letter of Credit Bank or any Bondholder that shall have theretofore vested and that shall then remain unsatisfied.

Appears in 1 contract

Samples: Loan Agreement (Peco Ii Inc)

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Reference to Bonds Ineffective After Bonds Paid. Upon payment Payment of the Bonds and upon payment of all obligations under this Loan Agreement, all references in this Loan Agreement to the Bonds and the Trustee shall be ineffective, and neither the Trustee, the Issuer Trustee nor the holders of any of the Bonds shall thereafter have any rights hereunder except as provided in Section 6.6 7.2 and 7.5 hereof and except with regard to payments of costs any documented, out of pocket reasonable fees and expenses of the Trustee and the Issuer by the CompanyCompany in accordance with this Loan Agreement.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Enviva Inc.)

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