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 and the Guarantor under this Indenture and the Securities, or upon legal defeasance, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Company stating that such Obligations have been paid in full, and release the Liens pursuant to this Indenture and the Collateral Documents.

Appears in 5 contracts

Samples: Indenture (GWG Holdings, Inc.), Indenture (GWG Life, LLC), Indenture (GWG Life, LLC)

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Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance, the Trustee shallwill, at the request and sole cost and expense of the Company, deliver a certificate to the Company Security Trustee stating that such Obligations obligations have been paid in full, and instruct the Security Trustee to release the Liens pursuant to this Indenture and the Collateral Security Documents (subject to the satisfaction of any release of Lien provisions set forth in the Security Documents).

Appears in 4 contracts

Samples: Indenture (Cheniere Corpus Christi Holdings, LLC), Indenture (Cheniere Corpus Christi Holdings, LLC), Indenture (Cheniere Corpus Christi Holdings, LLC)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Company 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 Collateral DocumentsPledge Agreement.

Appears in 3 contracts

Samples: Indenture (Centennial Communications Corp), Indenture (MRS Fields Holding Co Inc), Indenture (Unwired Telecom Corp)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance, the Trustee shallwill, at the request and sole cost and expense of the Company, deliver a certificate to the Company 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 Collateral DocumentsPledge and Security Agreements.

Appears in 3 contracts

Samples: Indenture (Clearwire Corp), Indenture (Clearwire Corp), Indenture (Clearwire Corp)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company and the Guarantor under this Indenture and the SecuritiesSenior Notes, or upon legal defeasanceLegal Defeasance or Covenant Defeasance, the Trustee shall, at the written request and sole cost and expense of the Company, deliver a certificate to the Company 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 Collateral Documents.

Appears in 2 contracts

Samples: Indenture (Genesis Health Ventures Inc /Pa), Indenture (Genesis Health Ventures Inc /Pa)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance, the Trustee shallwill, at the request and sole cost and expense of the Company, deliver a certificate to the Company Common Security Trustee stating that such Obligations have been paid in full, and instruct the Common Security Trustee to release the Liens pursuant to this Indenture and the Collateral Security Documents (subject to the satisfaction of any release of Lien provisions set forth in the Security Documents).

Appears in 2 contracts

Samples: Indenture (Cheniere Energy Partners, L.P.), Indenture (Cheniere Energy Partners, L.P.)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Company Collateral Agent stating that such Obligations obligations have been paid in full, and release the Liens pursuant to this Indenture and the Collateral Documents.

Appears in 1 contract

Samples: Indenture (Solutia Inc)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company under this Indenture, the Senior Secured Discount Notes and the Guarantor under this Indenture and the SecuritiesCollateral Documents, or upon legal defeasanceLegal Defeasance, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Company 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 Collateral Documents.

Appears in 1 contract

Samples: Indenture (Sf Holdings Group Inc)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company and the Guarantor under this Indenture and the SecuritiesSenior Notes, or upon legal defeasanceLegal Defeasance or Covenant Defeasance, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Company Collateral Agent and the Mortgage Indenture Trustee stating that such Obligations have been paid in full, and instruct the Collateral Agent and the Mortgage Indenture Trustee to release the Liens pursuant to this Indenture and the Collateral Documents.

Appears in 1 contract

Samples: Indenture (Genesis Health Ventures Inc /Pa)

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Termination of Security Interest. Upon the payment in full of all Obligations of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Company 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 Collateral DocumentsDocument.

Appears in 1 contract

Samples: Indenture (Zilog Inc)

Termination of Security Interest. Upon the payment in full of all Obligations principal, premium, if any, and interest in respect of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance or Covenant Defeasance, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Company Collateral Trustee stating that such Obligations have been paid in full, and instruct the Collateral Trustee to release the Liens (to the extent they secure the Obligations) pursuant to this the Indenture and the Collateral Security Documents.

Appears in 1 contract

Samples: Indenture (Federal Mogul Corp)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance or Covenant Defeasance, the Trustee shall, at the request and sole cost and expense of the Company, deliver a certificate to the Company Trustee stating that such Obligations have been paid in full, and instruct the Trustee to release the Liens pursuant to this Indenture and the Collateral Documents.

Appears in 1 contract

Samples: Indenture (Casino Magic of Louisiana Corp)

Termination of Security Interest. Upon the payment in full of all Obligations obligations of the Company and the Guarantor under this Indenture and the SecuritiesNotes, or upon legal defeasanceLegal Defeasance, the Trustee shall, at the request and sole cost and expense upon receipt of an Officer's Certificate of the Company, deliver a certificate an instruction to the Company Collateral Trustee stating that such Obligations obligations have been paid in full, and instruct the Collateral Trustee to release the Liens of the Trustee and the Holders pursuant to this Indenture and the Collateral DocumentsSecurity Agreements.

Appears in 1 contract

Samples: Indenture (Golden Northwest Aluminum Holding Co)

Termination of Security Interest. Upon the payment in full of all Obligations of the Company and the Guarantor under this Indenture and the SecuritiesSenior Notes, or upon legal defeasanceLegal Defeasance, the Trustee shall, at the written request and sole cost and expense of the CompanyCompany set forth in an Officers' Certificate, deliver a certificate to the Company 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 Collateral DocumentsPledge Agreement.

Appears in 1 contract

Samples: Indenture (Hyperion Telecommunications Inc)

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