Common use of Satisfaction, Discharge and Defeasance of the Notes Clause in Contracts

Satisfaction, Discharge and Defeasance of the Notes. (a) Upon satisfaction of the conditions set forth in Section 4.2(b) below, the Issuer shall be deemed to have paid and discharged the entire indebtedness on all the Notes Outstanding, and the provisions of this Indenture, as it relates to such Notes, shall no longer be in effect (and the Indenture Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except as to:

Appears in 80 contracts

Samples: Indenture (CarMax Auto Owner Trust 2024-2), Indenture (Carmax Auto Funding LLC), Indenture (CarMax Auto Owner Trust 2024-1)

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Satisfaction, Discharge and Defeasance of the Notes. (a) Upon satisfaction of the conditions set forth in Section 4.2(b) below4.02(b), the Issuer shall be deemed to have paid and discharged the entire indebtedness on all the Notes Outstanding, and the provisions of this Indenture, as it relates to such Notes, shall no longer be in effect (and the Indenture Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except as to:

Appears in 74 contracts

Samples: Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Daimler Trucks Retail Trust 2024-1)

Satisfaction, Discharge and Defeasance of the Notes. (a) Upon satisfaction of the conditions set forth in Section 4.2(bsubsection (b) below, the Issuer shall be deemed to have paid and discharged the entire indebtedness on all the Notes Outstanding, and the provisions of this Indenture, as it relates to such Notes, shall no longer be in effect (and the Indenture Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except as to:

Appears in 33 contracts

Samples: Indenture (CarMax Auto Owner Trust 2013-2), Indenture (CarMax Auto Owner Trust 2013-1), Indenture (CarMax Auto Owner Trust 2012-2)

Satisfaction, Discharge and Defeasance of the Notes. (a) Upon satisfaction of the conditions set forth in Section 4.2(b) below4.05(b), the Issuer shall be deemed to have paid and discharged the entire indebtedness on all the Notes Outstanding, and the provisions of this Indenture, as it relates to such Notes, shall no longer be in effect (and the Indenture Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except as to:

Appears in 13 contracts

Samples: California Republic (California Republic Auto Receivables Trust 2018-1), California Republic (California Republic Auto Receivables Trust 2018-1), California Republic (California Republic Auto Receivables Trust 2017-1)

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Satisfaction, Discharge and Defeasance of the Notes. (a) Upon satisfaction of the conditions set forth in Section 4.2(bSUBSECTION (B) below, the Issuer shall be deemed to have paid and discharged the entire indebtedness on all the Notes Outstanding, and the provisions of this Indenture, as it relates to such Notes, shall no longer be in effect (and the Indenture Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the same), except as to:

Appears in 1 contract

Samples: Administration Agreement (First Investors Financial Services Group Inc)

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