Common use of Release of Property Not Constituting Funded Property Clause in Contracts

Release of Property Not Constituting Funded Property. Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Mortgaged Property, or any interest therein, which does not constitute Funded Property, and the Trustee shall release all its right, title and interest in and to the same from the Lien hereof, upon receipt by the Trustee of:

Appears in 7 contracts

Samples: First Mortgage Indenture (South Jersey Industries Inc), First Mortgage Indenture (Allegheny Energy, Inc), General Mortgage Indenture (Centerpoint Energy Houston Electric LLC)

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Release of Property Not Constituting Funded Property. Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Mortgaged Property, or any interest therein, which does not constitute Funded Property, and the Trustee shall release all its right, title and interest in and to the same from the Lien lien hereof, upon receipt by the Trustee of:

Appears in 1 contract

Samples: SOUTH JERSEY GAS Co

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