Common use of Deposit of Payment Clause in Contracts

Deposit of Payment. When the Debtor has delivered to the Trustee a statement that it does not intend to authorize any further series or classes of Notes under this Note Agreement and all Outstanding Notes have become due and payable and the Debtor deposits with the Trustee funds, as permitted by the terms of this Note Agreement including all supplemental note agreements, sufficient to pay at their stated maturity the principal and accrued and unpaid interest of all Outstanding Notes, and the Debtor deposits with the Trustee or pays, or adequate provision has been made for, all other sums payable under this Note Agreement and all supplemental note agreements, then this Note Agreement and all supplemental note agreements and the trusts created thereby shall, subject to Section 5.10 above, cease to be of force and further effect and shall terminate. The Trustee shall join in the execution of a document prepared by the Debtor and reasonably acceptable to the Trustee acknowledging satisfaction and discharge of this Note Agreement and all supplemental note agreements on request of the Debtor.

Deposit of Payment. When the Debtor has delivered to (i) the Trustee a statement that it does not intend to authorize any further series has received all Outstanding Notes for cancellation, or classes of Notes under this Note Agreement and (ii) all Outstanding Notes have become due and payable and the Debtor deposits with the Trustee funds, as permitted by the terms of this Note Agreement including all supplemental note agreementsNote Agreements, sufficient to pay at their stated maturity the principal and accrued and unpaid interest of all Outstanding Notes, and if in either case the Debtor deposits with the Trustee pays or pays, or makes adequate provision has been made for, all other sums payable hereunder by the Debtor under this Note Agreement and all supplemental note agreementsNote Agreements, then this Note Agreement and all supplemental note agreements Note Agreements and the trusts created thereby shall, subject to Section 5.10 above, cease to be of force and further effect and shall terminate. The Trustee shall join in the execution of a document prepared by the Debtor and reasonably acceptable to the Trustee acknowledging satisfaction and discharge of this Note Agreement and all supplemental note agreements Note Agreements on request of the Debtor.