Common use of Termination of Security Interests Clause in Contracts

Termination of Security Interests. Upon the payment in full of all Obligations of the Company under this Indenture and the Debentures, 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 Security and Pledge Agreement.

Appears in 2 contracts

Samples: Indenture (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 obligations of the Company Funding Corp. under this Indenture and the DebenturesNotes, the Trustee shallwill, at the request of the CompanyFunding Corp., 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 and Pledge AgreementDocuments.

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 of the Company under this Indenture and the DebenturesTrustee Secured Obligations, the Trustee shall, with the consent of the Issuer and at the request of the CompanySeller, deliver a certificate to the Collateral Agent stating that such all 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 and Pledge AgreementAgreement shall be released with respect to the Trustee Secured Obligations.

Appears in 1 contract

Samples: Indenture (Olympic Financial LTD)

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