Common use of Repayment of Moneys Held by Paying Agent Clause in Contracts

Repayment of Moneys Held by Paying Agent. In connection with the satisfaction and discharge of this Note Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the Notes, all moneys then held by any Paying Agent other than the Note Trustee under the provisions of this Note Indenture with respect to such Notes shall, upon demand of the Note Issuer, be paid to the Note Trustee to be held and applied according to Section 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.

Repayment of Moneys Held by Paying Agent. In connection with the satisfaction and discharge of this Note Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the NotesNotes of any Series, all moneys then held by any Paying Agent other than the Note Indenture Trustee under the provisions of this Note Indenture with respect to such Notes shall, upon demand of the Note Issuer, be paid to the Note Indenture Trustee to be held and applied according to Section 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.