Common use of Termination of the Issuer’s Obligations Clause in Contracts

Termination of the Issuer’s Obligations. (a) The Indenture shall cease to be of further effect (except that (i) the Issuer’s obligations under Sections 2.4, 2.14 and 10.6, (ii) the Indenture Trustee’s and Paying Agent’s obligations under Section 11.3 and the Indenture Trustee’s and the Noteholders’ obligations under Section 13.16 shall survive) when all Outstanding Notes theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Notes which have been replaced or paid) to the Indenture Trustee for cancellation and the Issuer has paid all sums payable hereunder.

Appears in 5 contracts

Samples: Base Indenture (Enova International, Inc.), Backup Servicing Agreement (On Deck Capital, Inc.), On Deck Capital, Inc.

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Termination of the Issuer’s Obligations. (a) The Indenture shall cease to be of further effect (except that (i) the Issuer’s obligations under Sections 2.4, 2.14 and Section 10.6, (ii) the Indenture Trustee’s and Paying Agent’s obligations under Section 11.3 and the Indenture Trustee’s and the Investor Noteholders’ obligations under Section 13.16 shall survive) when all Outstanding Investor Notes theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Investor Notes which have been replaced or paid) to the Indenture Trustee for cancellation and the Issuer has paid all sums payable hereunder.

Appears in 2 contracts

Samples: Base Indenture (PHH Corp), Base Indenture (PHH Corp)

Termination of the Issuer’s Obligations. (a) The Indenture shall cease to be of further effect (except that (i) the each Issuer’s obligations under Sections 2.4, 2.14 Section 11.5 and 10.6, (ii) Section 11.11 and the Indenture Trustee’s and Paying Agent’s obligations under Section 11.3 and the Indenture Trustee’s and the Noteholders’ obligations under Section 13.16 12.3 shall survive) when all Outstanding Notes theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Notes which have been replaced or paid) to the Indenture Trustee for cancellation and cancellation, the Issuer has Issuers have paid all sums payable hereunderhereunder or under any Related Document and any Financial Insurance Provider has received all amounts due and payable to it hereunder or under any Related Document.

Appears in 2 contracts

Samples: Limited Guarantee (Amerco /Nv/), Limited Guarantee (Amerco /Nv/)

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Termination of the Issuer’s Obligations. (a) The This Indenture shall cease to be of further effect (except that (i) the Issuer’s obligations under Sections 2.4, 2.14 Section 10.5 and 10.6, (ii) Section 10.11 and the Indenture Trustee’s and Note Paying Agent’s obligations under Section 11.2 and Section 11.3 and the Indenture Trustee’s and the Noteholders’ obligations under Section 13.16 shall survive) when all Outstanding outstanding Term Notes and Subordinated Notes theretofore authenticated and issued have been delivered (other than destroyed, lost or stolen Term Notes or Subordinated Notes which have been replaced or paid) to the Indenture Trustee for cancellation and the Issuer has paid all sums payable hereunder.

Appears in 1 contract

Samples: Accredited Home Lenders Holding Co

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