Common use of Release Upon Termination of the Company’s Obligations Clause in Contracts

Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver to the Trustee an Officer’s Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Obligations under this Indenture, the Notes, the Guarantees and the Security Documents that were due and payable at or prior to the time such principal, together with accrued and unpaid interest, were paid, (ii) the Issuers shall have exercised their Legal Defeasance option or its Covenant Defeasance option, in each case in compliance with the provisions of Article 8, or (iii) the Issuers have discharged this Indenture and the Security Documents described under Article 11, and in each case, an Opinion of Counsel stating that all conditions precedent to such Legal Defeasance, Covenant Defeasance or discharge, as applicable, have been satisfied, the Trustee and/or the Collateral Agent, as applicable, shall deliver to the Issuers a release of Lien in the Collateral without recourse, representations or warranties and shall do or cause to be done (at the expense of the Issuers) all acts reasonably requested of them to promptly release such Lien.

Appears in 1 contract

Samples: Supplemental Indenture (Forterra, Inc.)

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Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver Company delivers to the Trustee an Officer’s Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Obligations under this Indenture, the Notes, the Guarantees and the Security Documents that were due and payable at or prior to the time such principal, together with accrued and unpaid interest, were paid, paid or (ii) the Issuers Company shall have exercised their its Legal Defeasance option or its Covenant Defeasance option, in each case in compliance with the provisions of Article 8, or (iii) the Issuers have discharged this Indenture and the Security Documents described under Article 11, and in each case, an Opinion of Counsel stating that all conditions precedent to the execution and delivery of such Legal Defeasance, Covenant Defeasance or discharge, as applicable, notice by the Trustee have been satisfied, the Trustee and/or and the Second Lien Collateral Agent, as applicable, Agent shall deliver to the Issuers Company a release of Lien in the Collateral without recourse, representations or warranties and shall do or cause to be done (at the expense of the IssuersCompany) all acts reasonably requested of them to promptly release such LienLien as soon as is reasonably practicable.

Appears in 1 contract

Samples: Indenture (Alta Equipment Group Inc.)

Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver Company delivers to the Trustee an Officer’s Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Obligations under this Indenture, the Notes, the Guarantees and the Security Documents that were due and payable at or prior to the time such principal, together with accrued and unpaid interest, were paid, (ii) the Issuers Company shall have exercised their Legal its Defeasance option or its Covenant Defeasance option, in each case in compliance with the provisions of Article 8, or (iii) the Issuers have Company has discharged this Indenture and the Security Documents described under Article 11, and in each case, an Opinion of Counsel stating that all conditions precedent to such Legal Defeasance, Covenant Defeasance or discharge, as applicable, have been satisfied, the Trustee and/or the Collateral Agent, as applicable, shall deliver to the Issuers Company a release of Lien in the Collateral without recourse, representations or warranties and shall do or cause to be done (at the expense of the IssuersCompany) all acts reasonably requested of them to promptly release such Lien.

Appears in 1 contract

Samples: Satisfaction And (AMC Networks Inc.)

Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver Company delivers to the Trustee Collateral Agent, in form and substance reasonably acceptable to it, an Officer’s Officers’ Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest (including Additional Interest, if any) on, the Notes and all other Obligations under this Indenture, the Notes, the Subsidiary Guarantees and the Security Documents that were are due and payable at or prior to the time such principal, together with accrued and unpaid interest, were paid, are paid or (ii) the Issuers Company shall have exercised their its Legal Defeasance option or its Covenant Defeasance option, in each case in compliance with the provisions of Article 8, or the Collateral Agent shall (iiiA) the Issuers have discharged this Indenture execute and the Security Documents described under Article 11, deliver such documents and instruments (in each case, an Opinion of Counsel stating that all conditions precedent form and substance reasonably satisfactory to such Legal Defeasance, Covenant Defeasance or discharge, as applicable, have been satisfied, the Trustee and/or the Collateral Agent, ) as applicable, the Company shall deliver request to the Issuers a evidence its release of Lien in the Collateral without recourseLiens on the Collateral, representations or warranties and shall do or (B) cause to be done (all acts, at the sole cost and expense of the Issuers) all acts Company, reasonably requested of them necessary to promptly release such LienLien as requested by the Company in writing as soon as reasonably practicable.

Appears in 1 contract

Samples: Indenture (Oppenheimer Holdings Inc)

Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver Company delivers to the Trustee an Officer’s Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes Securities and all other Obligations under this Indenture, the NotesSecurities, the Guarantees and the Security Documents that were due and payable at or prior to the time such principal, together with accrued and unpaid interest, were paid, paid or (ii) the Issuers Company shall have exercised their Legal Defeasance its legal defeasance option or its Covenant Defeasance covenant defeasance option, in each case in compliance with the provisions of Article 8, or (iii) the Issuers have discharged this Indenture and the Security Documents described under Article 11, and in each case, an Opinion of Counsel stating that all conditions precedent to the execution and delivery of such Legal Defeasance, Covenant Defeasance or discharge, as applicable, notice by the Trustee have been satisfied, the Trustee and/or and the Notes Collateral Agent, as applicable, Agent shall deliver to the Issuers Company a release (prepared by the Company) of Lien in the Collateral without recourse, representations or warranties and shall do or cause to be done (at the expense of the IssuersCompany) all acts reasonably requested of them to promptly release such LienLien as soon as is reasonably practicable.

Appears in 1 contract

Samples: Indenture (Albertsons Companies, Inc.)

Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver Company delivers to the Trustee Collateral Agent, in form and substance reasonably acceptable to it, an Officer’s Officers’ Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest (including Additional Interest, if any) on, the Notes and all other Obligations under this Indenture, the Notes, the Subsidiary Guarantees and the Security Documents that were are due and payable at or prior to the time such principal, together with accrued 109 and unpaid interest, were paid, are paid or (ii) the Issuers Company shall have exercised their its Legal Defeasance option or its Covenant Defeasance option, in each case in compliance with the provisions of Article 8, or the Collateral Agent shall (iiiA) the Issuers have discharged this Indenture execute and the Security Documents described under Article 11, deliver such documents and instruments (in each case, an Opinion of Counsel stating that all conditions precedent form and substance reasonably satisfactory to such Legal Defeasance, Covenant Defeasance or discharge, as applicable, have been satisfied, the Trustee and/or the Collateral Agent, ) as applicable, the Company shall deliver request to the Issuers a evidence its release of Lien in the Collateral without recourseLiens on the Collateral, representations or warranties and shall do or (B) cause to be done (all acts, at the sole cost and expense of the Issuers) all acts Company, reasonably requested of them necessary to promptly release such LienLien as requested by the Company in writing as soon as reasonably practicable.

Appears in 1 contract

Samples: Passu Intercreditor Agreement (Oppenheimer Holdings Inc)

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Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver Company delivers to the Trustee an Officer’s Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Notes Obligations under this Indenture, the Notes, the Guarantees Guar- antees and the Security Documents that were due and payable at or prior to the time such principal, together with accrued and unpaid interest, were paid, paid or (ii) the Issuers Company shall have exercised their its Legal Defeasance option or its Covenant Defeasance option, in each case in compliance with the provisions of Article 8, or (iii) the Issuers have discharged this Indenture and the Security Documents described under Article 11, and in each case, an Opinion Opin- ion of Counsel stating that all conditions precedent to the execution and delivery of such Legal Defeasance, Covenant Defeasance or discharge, as applicable, notice by the Trustee have been satisfied, the Trustee and/or and the Notes Collateral Agent, as applicable, Agent shall deliver to the Issuers Company a release of Lien in the Collateral Col- lateral without recourse, representations or warranties and shall do or cause to be done (at the expense of the IssuersCom- pany) all acts reasonably requested of them to promptly release such LienXxxx as soon as is reasonably practicable.

Appears in 1 contract

Samples: lundinmining.com

Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver Company delivers to the Trustee an Officer’s Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Obligations under this Indenture, the Notes, the Guarantees and the Security Documents that were due and payable at or prior to the time 110 such principal, together with accrued and unpaid interest, were paid, paid or (ii) the Issuers Company shall have exercised their its Legal Defeasance option or its Covenant Defeasance option, in each case in compliance with the provisions of Article 8, or (iii) the Issuers have discharged this Indenture and the Security Documents described under Article 11, and in each case, an Opinion of Counsel stating that all conditions precedent to the execution and delivery of such Legal Defeasance, Covenant Defeasance or discharge, as applicable, notice by the Trustee have been satisfied, the Trustee and/or and the Second Lien Collateral Agent, as applicable, Agent shall deliver to the Issuers Company a release of Lien in the Collateral without recourse, representations or warranties and shall do or cause to be done (at the expense of the IssuersCompany) all acts reasonably requested of them to promptly release such LienLien as soon as is reasonably practicable.

Appears in 1 contract

Samples: Indenture (Alta Equipment Group Inc.)

Release Upon Termination of the Company’s Obligations. In the event that the Issuers deliver Company delivers to the Trustee and the Collateral Agent, in form and substance acceptable to it, an Officer’s Officers’ Certificate and Opinion of Counsel certifying that (i) all the obligations under this Indenture, the Notes and the Security Documents have been satisfied and discharged by the payment in full of the principal of, together with accrued and unpaid interest on, the Notes and all other Company’s Obligations under this Indenture, the Notes, the Guarantees and the Security Documents that were due and payable at or prior to the time such principal, together with accrued and unpaid interest, were paid, (ii) the Issuers shall have exercised their Legal Defeasance option or its Covenant Defeasance option, in each case in compliance with the provisions of Article 8, or (iii) the Issuers have discharged this Indenture and the Security Documents described under Article 11Documents, and in each case, an Opinion of Counsel stating that all conditions precedent to such Legal Defeasance, Covenant Defeasance or discharge, as applicable, obligations have been so satisfied, the Trustee and/or the Collateral Agent, as applicable, shall deliver to the Issuers Company and the Collateral Agent a release notice stating that the Trustee, on behalf of the Holders, disclaims and gives up any and all rights it has in or to the Collateral, and any rights it has under the Security Documents, and upon receipt by the Collateral Agent of such notice, the Collateral Agent shall be deemed not to hold a Lien in the Collateral without recourse, representations or warranties Secured Parties on behalf of the Trustee and shall do or cause to be done (at the expense of the Issuers) all acts reasonably requested of them to promptly release such Lien.

Appears in 1 contract

Samples: Indenture (Protalix BioTherapeutics, Inc.)

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