Common use of Release of Pledged Bonds Clause in Contracts

Release of Pledged Bonds. If the Company pays or causes to be paid in full its obligation under Section 2.10.5 for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft to fund the purchase of Pledged Bonds pursuant to the terms of the Indenture (or if the Trustee has received immediately available funds which, pursuant to the terms of the Indenture, the Trustee is required to pay over promptly to the Agent in an amount sufficient to pay the Company's reimbursement obligation under Section 2.10.5 hereof with respect to the amount drawn with such Tender Draft to fund the purchase of such Pledged Bonds), and provided no Event of Default has occurred and is continuing, the Agent will release from the pledge of this Second Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds to such person or persons as the Company may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "amount sufficient" for the purposes of this Section 6.3.3 and, upon receipt of such amount by the Trustee for payment to the Agent as aforesaid, the Trustee shall be automatically authorized to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent written notice or telephonic notice (which shall thereafter be confirmed in writing) that such release shall not occur.

Release of Pledged Bonds. If the Company Borrower pays or causes to be paid in full its obligation under Section 2.10.5 2.02(a) for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft Liquidity Drawing to fund the purchase of Pledged Bonds pursuant to the terms Article 2B of the Indenture (or if the Trustee has received immediately available funds which, pursuant to the terms Section 2B.1(g) or 2B.2(f) of the Indenture, the Trustee is required to pay over promptly to the Agent Bank in an amount sufficient to pay the CompanyBorrower's reimbursement obligation under Section 2.10.5 hereof 2.02(a) with respect to the amount drawn with such Tender Draft Liquidity Drawing to fund the purchase of such Pledged Bonds), and provided no Default or Event of Default has occurred and is continuing, the Agent Bank will release from the pledge of this Second Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds (if held in certificated form) to such person Person or persons Persons as the Company Trustee or the Borrower may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "amount sufficient" for the purposes of this Section 6.3.3 3.03(c) and, upon receipt of such amount by the Trustee for payment to the Agent Bank as aforesaid, the Trustee shall be automatically authorized authorized, upon receipt of the Bank's written confirmation of the reinstatement of the Letter of Credit relating to the Pledged Bonds, to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent written notice or telephonic notice (which shall thereafter be confirmed in writing) that such release shall not occur.

Release of Pledged Bonds. If the Company Borrower pays or causes to be ------------------------ paid in full its obligation under Section 2.10.5 2.02(a) for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft to fund the purchase of Pledged Bonds pursuant to the terms Article IV of the Indenture (or if the Trustee has received immediately available funds which, pursuant to the terms Section 4.05 of the Indenture, the Trustee is required to pay over promptly to the Agent Bank in an amount sufficient to pay the CompanyBorrower's reimbursement obligation under Section 2.10.5 hereof 2.02(a) with respect to the amount drawn with such Tender Draft to fund the purchase of such Pledged Bonds), and provided no Event of Default has occurred and is continuing, the Agent Bank will release from the pledge of this Second Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds to such person or persons as the Company Trustee or the Borrower may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "amount sufficient" for the purposes of this Section 6.3.3 3.03(c) and, upon receipt of such amount by the Trustee for payment to the Agent Bank as aforesaid, the Trustee shall be automatically authorized to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent Bank written notice or telephonic notice (which shall thereafter be confirmed in writing) that such release shall not occur.

Release of Pledged Bonds. If the Company Borrower pays or causes to be paid in full its obligation under Section 2.10.5 2.02(a) for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft Liquidity Drawing to fund the purchase of Pledged Bonds pursuant to the terms Article IV of the Indenture Standard Provisions (or if the Trustee has received immediately available funds which, pursuant to the terms Section 4.04 of the IndentureStandard Provisions, the Trustee is required to pay over promptly to the Agent Bank in an amount sufficient to pay the Company's Borrower’s reimbursement obligation under Section 2.10.5 hereof 2.02(a) with respect to the amount drawn with such Tender Draft Liquidity Drawing to fund the purchase of such Pledged Bonds), and provided no Default or Event of Default has occurred and is continuing, the Agent Bank will release from the pledge of this Second Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds (if held in certificated form) to such person Person or persons Persons as the Company Trustee or the Borrower may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "“amount sufficient" ” for the purposes of this Section 6.3.3 3.03(c) and, upon receipt of such amount by the Trustee for payment to the Agent Bank as aforesaid, the Trustee shall be automatically authorized to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent Bank written notice or telephonic notice (which shall thereafter be confirmed in writing) that such release shall not occur.

Release of Pledged Bonds. If the Company pays or causes to be paid in full its obligation under Section 2.10.5 for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft to fund the purchase of Pledged Bonds pursuant to the terms of the Indenture (or if the Trustee has received immediately available funds which, pursuant to the terms of the Indenture, the Trustee is required to pay over promptly to the Agent in an amount sufficient to pay the Company's reimbursement obligation under Section 2.10.5 hereof with respect to the amount drawn with such Tender Draft to fund the purchase of such Pledged Bonds), and provided no Event of Default has occurred and is continuing, the Agent will release from the pledge of this Second Third Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds to such person or persons as the Company may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "amount sufficient" for the purposes of this Section 6.3.3 and, upon receipt of such amount by the Trustee for payment to the Agent as aforesaid, the Trustee shall be automatically authorized to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent written notice or telephonic notice (which shall thereafter be confirmed in writing) that such release shall not occur.

Release of Pledged Bonds. If the Company pays or causes to be paid in full its obligation under Section 2.10.5 for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft to fund the purchase of Pledged Bonds pursuant to the terms of the Indenture (or if the Trustee has received immediately available funds which, pursuant to the terms of the Indenture, the Trustee is required to pay over promptly to the Agent in an amount sufficient to pay the Company's reimbursement obligation under Section 2.10.5 hereof with respect to the amount drawn with such Tender Draft to fund the purchase of such Pledged Bonds), and provided no Event of Default has occurred and is continuing, the Agent will release from the pledge of this Second Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds to such person or persons as the Company may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "amount sufficient" for the purposes of this Section 6.3.3 and, upon receipt of such amount by the Trustee for payment to the Agent as aforesaid, the Trustee shall be automatically authorized to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent written notice or telephonic notice (which shall thereafter be confirmed in writing) that such release shall not occur.

Release of Pledged Bonds. If the Company pays or causes to be paid in full its obligation under Section 2.10.5 2.02(a) for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft to fund the purchase of Pledged Bonds pursuant to the terms Article IV of the Indenture (or if the Trustee has received immediately available funds which, pursuant to the terms Section 4.07 of the Indenture, the Trustee is required to pay over promptly to the Agent Bank in an amount sufficient to pay the Company's reimbursement obligation under Section 2.10.5 hereof 2.02(a) with respect to the amount drawn with such Tender Draft to fund the purchase of such Pledged Bonds), and provided no Event of Default has occurred and is continuing, the Agent Bank will release from the pledge of this Second Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds to such person or persons as the Trustee or the Company may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "amount sufficient" for the purposes of this Section 6.3.3 2.08 and, upon receipt of such amount by the Trustee for payment to the Agent Bank as aforesaid, the Trustee shall be automatically authorized to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent Bank written notice or telephonic notice (which shall thereafter be confirmed in writing) that an Event of Default has occurred and is continuing and that such release shall not occur.

Release of Pledged Bonds. If the Company Borrower pays or causes to be paid in full its obligation under Section 2.10.5 2.02(a) for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft to fund the purchase of Pledged Bonds pursuant to the terms Article IV of the Indenture (or if the Trustee has received immediately available funds which, pursuant to the terms Section 4.4 of the Indenture, the Trustee is required to pay over promptly to the Agent Bank in an amount sufficient to pay the CompanyBorrower's reimbursement obligation under Section 2.10.5 hereof 2.02(a) with respect to the amount drawn with such Tender Draft to fund the purchase of such Pledged Bonds), and provided no Event of Default has occurred and is continuing, the Agent Bank will release from the pledge of this Second Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds to such person or persons as the Trustee or either the Borrower or the Company may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "amount sufficient" for the purposes of this Section 6.3.3 3.03(c) and, upon receipt of such amount by the Trustee for payment to the Agent Bank as aforesaid, the Trustee shall be automatically authorized to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent Bank written notice or telephonic notice (which shall thereafter be confirmed in writing) that such release shall not occur.

Release of Pledged Bonds. If the Company pays or causes to be paid in full its obligation under Section 2.10.5 for the reimbursement of the amount (or allocable portion thereof) drawn with a Tender Draft to fund the purchase of Pledged Bonds pursuant to the terms of the Indenture (or if the Trustee has received immediately available funds which, pursuant to the terms of the Indenture, the Trustee is required to pay over promptly to the Agent in an amount sufficient to pay the Company's reimbursement obligation under Section 2.10.5 hereof with respect to the amount drawn with such Tender Draft to fund the purchase of such Pledged Bonds), and provided no Event of Default has occurred and is continuing, the Agent will release from the pledge of this Second Fourth Restated Credit Agreement and will deliver, or cause its agent to deliver, such Pledged Bonds to such person or persons as the Company may direct. An amount equal to the principal of, plus accrued interest on, such Pledged Bonds shall be presumed (absent notice to the contrary) to be an "amount sufficient" for the purposes of this Section 6.3.3 and, upon receipt of such amount by the Trustee for payment to the Agent as aforesaid, the Trustee shall be automatically authorized to deliver such Pledged Bonds as aforesaid free from the pledge of this Agreement, unless the Trustee has received from the Agent written notice or telephonic notice (which shall thereafter be confirmed in writing) that such release shall not occur.