Common use of Winding up of trust Clause in Contracts

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge Counterparty, determines that (1) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (2) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor pursuant to the Debt Documents: (a) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (b) any Retiring Security Agent shall release, without recourse or warranty, all of its rights under each of the Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyMajority Lenders, determines that (1) all of the Secured Obligations Liabilities and all other obligations liabilities secured by the Transaction Security Documents have been fully and finally discharged and (2) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Finance Documents: (a) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Transaction Security Documents; and (b) any Retiring Security Agent shall release, without recourse or warranty, all of its rights under each of the Transaction Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge Counterparty, Facility Agent determines that that: (1a) all of the Secured Obligations Liabilities and all other obligations secured by the Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Transaction Obligor pursuant to the Debt Finance Documents:, then (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 29.13 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Security DocumentsDocument.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyMajority Lenders, determines that that: (1a) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Finance Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 26.13 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Security DocumentsDocument.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyFacility Agent, determines that (1a) all of the Secured Obligations Liabilities and all other obligations secured by the Security Documents have been fully and finally discharged and (2b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Finance Documents: (aA) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bB) any Retiring Security Agent shall release, without recourse or warranty, all of its rights under each of the Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge Counterparty, Facility Agent determines that that: (1a) all of the Secured Obligations Liabilities and all other obligations secured by the Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Transaction Obligor pursuant to the Debt Finance Documents:, then (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 32.13 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Security DocumentsDocument.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyFacility Agent, determines that that: (1a) all of the Secured Obligations and all other obligations secured by the Transaction Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Finance Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Transaction Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to clause 31.14 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Transaction Security DocumentsDocument.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyAgent, determines that (1a) all of the Secured Obligations and all other obligations secured by the Transaction Security Documents have been fully and finally discharged and (2b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Finance Documents: (a) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Transaction Security Documents; and (b) any Retiring Security Agent shall release, without recourse or warranty, all of its rights under each of the Transaction Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyMajority Lenders, determines that (1a) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (2b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Guaranteed Documents: (a) the trusts set out in this Agreement agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (b) any Retiring Security Agent shall release, without recourse or warranty, all of its rights under each of the Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge Hedging Counterparty, determines that (1a) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (2b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Finance Documents: (aA) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bB) any Retiring Security Agent shall release, without recourse or warranty, all of its rights under each of the Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyMajority Lenders, determines that that: (1a) all of the Secured Obligations Liabilities and all other obligations secured by the Transaction Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor the Borrower pursuant to the Debt Finance Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Transaction Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 24.13 (Resignation of the Agent and the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Transaction Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyAgent, determines that that: (1a) all of the Secured Obligations and all other obligations secured by the Transaction Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Finance Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Transaction Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 23.14 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Transaction Security DocumentsDocument.

Winding up of trust. If the Security Agent, with the approval of each of the Agents Agent and each Hedge Counterparty, determines that that: (1a) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor pursuant to the Debt Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 18.12 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Security DocumentsDocument.

Winding up of trust. If the Security Agent, with the approval of each of the Agents and each Hedge CounterpartyInvestment Agent, determines that that: (1a) all of the Secured Obligations Liabilities and all other obligations secured by the Transaction Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Transaction Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Transaction Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 7.15 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Transaction Security DocumentsDocument.

Winding up of trust. If the Security Agent, with the approval of each of the Agents Representatives and each Hedge Counterparty, determines that (1a) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and (2b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor pursuant to the Debt Documents: : (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and and (bii) any Retiring Security Agent shall release, without recourse or warranty, all of its rights under each of the Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents Agent and each Hedge Counterparty, determines that that: (1a) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Loan Party pursuant to the Debt Finance Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 28.16 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Security DocumentsDocument.

Winding up of trust. ‌ If the Security Agent, with the approval of each of the Agents Agent and each Hedge Counterparty, determines that that: (1a) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor pursuant to the Debt Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 18.12 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Security DocumentsDocument.

Winding up of trust. If the any Security Agent, with the approval of each of the Agents and each Hedge CounterpartyMajority Lenders, determines that that: (1a) all of the Secured Obligations Liabilities and all other obligations secured by the Transaction Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor Obligor pursuant to the Debt Finance Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the that Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the that Security Agent under each of the Transaction Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 25.13 (Resignation of the Agent and the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Transaction Security Documents.

Winding up of trust. If the Security Agent, with the approval of each of the Agents Agent and each Hedge Counterparty, determines that that: (1a) all of the Secured Obligations and all other obligations secured by the Security Documents have been fully and finally discharged and discharged; and (2b) none of the no Secured Parties Party is under any commitment, obligation or liability (actual or contingent) to make advances or provide other financial accommodation to any Debtor pursuant to the Debt Documents, then: (ai) the trusts set out in this Agreement shall be wound up and the Security Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Agent under each of the Security Documents; and (bii) any Retiring Security Agent which has resigned pursuant to Clause 17.13 (Resignation of the Security Agent) shall release, without recourse or warranty, all of its rights under each of the Security DocumentsDocument.