Common use of Termination of Security Interest Clause in Contracts

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the Securities, or upon termination of the Company's obligations in accordance with Article 8, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 2 contracts

Samples: Indenture (Excel Legacy Corp), Indenture (Excel Legacy Corp)

AutoNDA by SimpleDocs

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the Securities, or upon termination of the Company's obligations in accordance with Article 8Notes, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 2 contracts

Samples: Indenture (Nova Biosource Fuels, Inc.), Indenture (Nova Biosource Fuels, Inc.)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance or Covenant Defeasance, the Trustee shallwill, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementCollateral Agreements.

Appears in 1 contract

Samples: Indenture (Brenner's on the Bayou, Inc.)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the Securities, or upon termination of the Company's obligations in accordance with Article 8Notes, the Trustee shall, shall (at the request of the Company, deliver a certificate Company accompanied by (i) an Officers' Certificate of the Company to the Collateral Agent Trustee stating that such Obligations have been paid in full, and instruct (ii) instructions from the Collateral Agent Company to the Trustee to release the Liens pursuant to this Indenture and the Pledge AgreementCollateral Documents) release the Liens securing the Collateral.

Appears in 1 contract

Samples: Indenture (HWCC Shreveport Inc)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the Securities, or upon termination of the Company's obligations in accordance with Article 8Notes, the Trustee shall, at the written request and sole cost and expense of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementCollateral Documents.

Appears in 1 contract

Samples: Indenture (Akoustis Technologies, Inc.)

Termination of Security Interest. Upon the payment in full Discharge of all Indenture Obligations of the Company under this Indenture and the Securities, or upon termination of the Company's obligations in accordance with Article 8, the Trustee shallwill, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Indenture Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementSecurity Documents.

Appears in 1 contract

Samples: Indenture (Armstrong Coal Company, Inc.)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company under this Indenture and the SecuritiesNotes, or upon in the event of an earlier termination of the Company's obligations in accordance with Article 8Pledge Agreement pursuant to the terms thereof, the Trustee shall, at the request of the CompanyCompany together with an Officers' Certificate to such effect, deliver a certificate notification to the Collateral Agent that such obligations have been paid in full or, if the Collateral Agent is not the pledgee, send a certificate executed by a Trust Officer to such pledgee, stating that such Obligations obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 1 contract

Samples: Indenture (Pierce Leahy Corp)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementSecurity Agreements.

Appears in 1 contract

Samples: Indenture (Goldendale Aluminum Co)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Security Agreement.

Appears in 1 contract

Samples: Indenture (Xm Satellite Radio Inc)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company Company, under this Indenture and the Securities, or upon termination of the Company's obligations in accordance with Article 8Defeasance or Covenant Defeasance, the Trustee shall, at the request upon receipt of the Companyan Officer's Certificate, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and and, subject to the terms of the Pledge Agreement, instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 1 contract

Samples: Indenture (Cilcorp Inc)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shallwill, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementCollateral Agreements.

Appears in 1 contract

Samples: Indenture (Windstar Energy, LLC)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company under this Indenture and the SecuritiesNotes, or upon in the event of an earlier termination of the Company's obligations in accordance with Article 8Pledge Agreement 109 pursuant to the terms thereof, the Trustee shall, at the request of the CompanyCompany together with an Officers' Certificate to such effect, deliver a certificate notification to the Collateral Agent that such obligations have been paid in full or, if the Collateral Agent is not the pledgee, send a certificate executed by a Trust Officer to such pledgee, stating that such Obligations obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 1 contract

Samples: Indenture (Pierce Leahy Corp)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shallwill, at the request of the Company, deliver a certificate to the Collateral Agent Trustee stating that such Obligations have been paid in full, and instruct the Collateral Agent Trustee to release the Liens pursuant to this Indenture and the Pledge Security Agreement.

Appears in 1 contract

Samples: Indenture (Iwo Holdings Inc)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesObligations, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementSecurity Documents to the extent securing the Obligations.

Appears in 1 contract

Samples: Indenture (Sterling Chemical Inc)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent Trustee stating that such Obligations obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 1 contract

Samples: Indenture (Alta One Inc.)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesSenior Notes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance or Covenant Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent Trustee stating that such Obligations have been paid in full, and instruct the Collateral Agent Trustee to release the Liens pursuant to this Indenture and the Pledge AgreementCollateral Documents.

Appears in 1 contract

Samples: Indenture (Superior Telecommunications Inc)

AutoNDA by SimpleDocs

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance or Covenant Defeasance, the Trustee shallwill, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementCollateral Documents.

Appears in 1 contract

Samples: Indenture (TB Wood's INC)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company under this Indenture and the SecuritiesNotes, or upon in the event of an earlier termination of the Company's obligations in accordance with Article 8Pledge Agreement pursuant to the terms thereof, the Trustee shall, at the request and expense of the CompanyCompany together with an Officers' Certificate to such effect, deliver a certificate notification to the Collateral Agent that such obligations have been paid in full or, if the Collateral Agent is not the pledgee, send a certificate executed by a Responsible Officer to such pledgee, stating that such Obligations obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 1 contract

Samples: Indenture (Cityscape Corp)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the Securities, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 1 contract

Samples: Indenture (Excel Legacy Corp)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the Securities, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 1 contract

Samples: Indenture (Gothic Energy Corp)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Special Escrow Agent stating that such Obligations have been paid in full, and instruct the Collateral Special Escrow Agent to release the Liens pursuant to this Indenture and the Pledge and Escrow Agreement.

Appears in 1 contract

Samples: Indenture (Omni Med B Inc)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company Authority under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Covenant Defeasance or Legal Defeasance, the Trustee shallwill, at the request of the CompanyAuthority, deliver a certificate to the Collateral Agent Trustee stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementCollateral Documents.

Appears in 1 contract

Samples: Indenture (Chukchansi Economic Development Authority)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesNotes, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementSecurity Agreements.

Appears in 1 contract

Samples: Indenture (Sterling Chemical Inc)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture and the SecuritiesObligations, or upon termination of the Company's obligations in accordance with Article 8Legal Defeasance, the Trustee shall, at the request of the Company, deliver a certificate to the Collateral Agent stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture Indenture, the Notes and the Pledge AgreementSecurity Documents to the extent securing the Obligations.

Appears in 1 contract

Samples: Indenture (Sterling Chemical Inc)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company under this Indenture and the SecuritiesNotes, or upon in the 109 event of an earlier termination of the Company's obligations in accordance with Article 8Pledge Agreement pursuant to the terms thereof, the Trustee shall, at the request of the CompanyCompany together with an Officers' Certificate to such effect, deliver a certificate notification to the Collateral Agent that such obligations have been paid in full or, if the Collateral Agent is not the pledgee, send a certificate executed by a Trust Officer to such pledgee, stating that such Obligations obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge Agreement.

Appears in 1 contract

Samples: Indenture (Pierce Leahy Corp)

Termination of Security Interest. Upon the payment in full of all Obligations of Publishing and the Company Guarantors under this Indenture and the SecuritiesSenior Notes, or upon termination of the Company's obligations Legal Defeasance in accordance with Article 8Section 8.02, the Trustee shall, at the request of the CompanyPublishing, deliver a certificate to the Collateral Agent (if other than the Trustee) stating that such Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Pledge AgreementCollateral Agreements.

Appears in 1 contract

Samples: Indenture (Golden Books Family Entertainment Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!