Common use of Termination of Security Interests Clause in Contracts

Termination of Security Interests. Upon the payment in full of all obligations of Funding Corp. under this Indenture and the Notes, the Trustee will, at the request of Funding Corp., deliver a certificate to the Collateral Agent stating that all such obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Security Documents.

Appears in 2 contracts

Samples: Trust Indenture (TermoEmcali Leasing LTD), Trust Indenture (TermoEmcali Leasing LTD)

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Termination of Security Interests. Upon the payment in full of all obligations Obligations of Funding Corp. the Company under this Indenture and the NotesDebentures, the Trustee willshall, at the request of Funding Corp.the Company, deliver a certificate to the Collateral Agent stating that all such obligations Obligations have been paid in full, and instruct the Collateral Agent to release the Liens pursuant to this Indenture and the Security Documentsand Pledge Agreement.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Finlay Enterprises Inc /De), Indenture (Finlay Enterprises Inc /De)

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Termination of Security Interests. Upon the payment in full of all obligations of Funding Corp. under this Indenture and the NotesTrustee Secured Obligations, the Trustee willshall, with the consent of the Issuer and at the request of Funding Corp.the Seller, deliver a certificate to the Collateral Agent stating that all such obligations Trustee Secured Obligations have been paid in full, and instruct the Collateral Agent to release in which case the Liens pursuant to this Indenture and created by the Security DocumentsAgreement shall be released with respect to the Trustee Secured Obligations.

Appears in 1 contract

Samples: Indenture (Olympic Financial LTD)

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