Common use of Winding up of trust Clause in Contracts

Winding up of trust. If the Security Trustee, with the approval of the Agent, determines that (a) all of the Secured Obligations and all other obligations secured by any of the Security Documents have been fully and finally discharged and (b) 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 Obligor pursuant to the Finance Documents, the trusts set out in this Agreement shall be wound up and the Security Trustee shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Trustee under each of the Security Documents.

Winding up of trust. If the Security TrusteeAgent, with the approval of the AgentMajority Lenders, determines that (a) all of the Secured Obligations and all other obligations secured by any of the Security Documents have been fully and finally discharged and (b) none of the Secured Parties is under any commitment, obligation or liability (actual or contingent) to make advances or provide other 104 financial accommodation to any Obligor pursuant to the Finance Documents, the trusts set out in this Agreement shall be wound up and the Security Trustee Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Trustee Agent under each of the Security Documents.

Winding up of trust. If the Security TrusteeAgent, with the approval of the AgentMajority Lenders, determines that (a) all of the Secured Obligations and all other obligations secured by any of the Security Documents have been fully and finally discharged and (b) 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 Obligor pursuant to the Finance Documents, the trusts set out in this Agreement shall be wound up and the Security Trustee Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Trustee Agent under each of the Security Documents.

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

Winding up of trust. If the Security TrusteeAgent, with the approval of each of the AgentAgents, determines that (a) all of the Secured Obligations and all other obligations secured by any of the Security Documents have been fully and finally discharged and (b) 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 Obligor pursuant to the Finance Documents, the trusts set out in this Agreement shall be wound up and the Security Trustee Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Trustee Agent under each of the Security Documents.

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

Winding up of trust. If the Security TrusteeAgent, with the approval of the AgentMajority Lenders, determines that (a) all of the Secured Obligations and all other obligations liabilities secured by any of the Transaction Security Documents have been fully and finally discharged and (b) 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 Obligor pursuant to the Finance Documents, : the trusts set out in this Agreement shall be wound up and the Security Trustee Agent shall release, without recourse or warranty, all of the Transaction Security and the rights of the Security Trustee Agent under each of the Transaction Security Documents; and any Retiring Security Agent shall release, without recourse or warranty, all of its rights under each of the Transaction Security Documents." For these purposes, the following expressions have the following meanings:

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