Common use of RELEASE AND EXCHANGE OF LOANS Clause in Contracts

RELEASE AND EXCHANGE OF LOANS. (a) The Trustee shall not release and discharge any Loan from the lien of this Indenture until the principal of and interest on the Notes shall have been paid or duly provided for under this Indenture except as follows:

Appears in 2 contracts

Samples: Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Capital Inc)

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RELEASE AND EXCHANGE OF LOANS. (a) The Trustee shall not release and discharge any Loan from the lien Lien of this Indenture until the principal of and interest on the Notes shall have been paid or duly provided for under this Indenture except as follows:

Appears in 2 contracts

Samples: Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Commercial Trust /Tx)

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