Discharge Date Clause Samples
The Discharge Date clause defines the specific date on which a party is released from its obligations under an agreement. In practice, this clause sets a clear endpoint for contractual duties, such as when a borrower must repay a loan in full or when a service provider completes all required tasks. By establishing a definitive discharge date, the clause ensures both parties understand when their responsibilities end, thereby preventing disputes over ongoing obligations and providing certainty in the contractual relationship.
Discharge Date. Upon the occurrence of the Discharge Date the Pledgee will, at the written request and expense of the Pledgor, confirm in writing that the Pledges are terminated and shall take whatever action is necessary to release the Pledges.
Discharge Date. Individuals dismissed for just cause will have a discharge date set to the last date worked.
Discharge Date. Forthwith upon the date that all amounts owing under the Loan Note Documents and this Deed have been fully discharged, the trusts set out in this Deed shall be wound up and all the rights, duties and obligations of the Security Trustee to the Loan Noteholders shall cease to have effect.
Discharge Date. Any matter expressed to require the consent or approval of the Pari Passu Creditors, the Super Priority Creditors or Senior Creditors (or any specified majority or sub-set thereof) shall only require such consent or approval prior to the Super Priority Discharge Date, Senior Lender Discharge Date or Senior Discharge Date (as the case may be) and shall be deemed not to require the consent of any Pari Passu Creditor, Super Priority Creditor or Senior Creditor which has been repaid, prepaid or replaced in accordance with the Debt Documents.
Discharge Date. Forthwith upon the date on which all present and future sums, obligations or liabilities from time to time due, owing or incurred (actually or contingently) by any Obligor to a Finance Party under or in connection with the Finance Documents shall have been irrevocably discharged in full and all Commitments have been cancelled, the trusts set out in Clause 26.18 (Appointment of Security Agent) and in this Schedule 12 shall be wound up and all the rights, duties and obligations of the Security Agent to the other Finance Parties (but not liabilities already incurred for negligence or breach of duty) shall cease.
Discharge Date. The obligations of the Borrower and the Subordinated Creditor under this Agreement shall remain in full force and effect until the Final Discharge Date.
Discharge Date. Forthwith upon the date on which all present and future sums, obligations or liabilities from time to time due, owing or incurred (actually or contingently) by any Obligor to a Finance Party under or in connection with the Finance Documents shall have been irrevocably discharged in full and all Commitments have been cancelled, the trusts set out in Clause 27.18 (Appointment of Security Agent) and in this Schedule 11 shall be wound up and all the rights, duties and obligations of the Security Agent to the other Finance Parties (but not liabilities already incurred for negligence or breach of duty) shall cease. Brampton Insurance Company Limited Unione Italiana (UK) Reinsurance Co. Limited River Thames Insurance Company Limited ▇▇▇▇▇▇ Insurance Company Limited Mercantile Indemnity Company Limited Fieldmill Insurance Company Limited Longmynd Insurance Company Limited Hillcot Re Limited ▇▇▇▇▇▇ Insurance Company Limited ▇▇▇▇▇▇▇ Insurance Limited Unionamerica Insurance Company Limited Cumberland Holdings Limited Courtenay Holdings Limited Enstar Australia Holdings Pty Limited AG Australia Holdings Limited Gordian RunOff Limited TGI Limited Church Bay Limited Guildhall Insurance Limited EPIC Insurance Limited Rosemont Re Limited Guarantors ▇▇▇▇▇▇ Holdings Limited 1095628 Charge over shares 06.12.06 20.12.06 National Australia Bank Limited Material Companies — Letter of credit / ordinary course security ▇▇▇▇▇▇ Insurance Company Limited 157661 Security agreement 17.12.92 30.12.92 Citibank N.A. Amendment letter 15.02.94 22.02.94 Citibank N.A Security agreement 30.03.98 08.04.98 Citibank N.A Reinsurance deposit agreement 30.03.98 14.04.98 Citibank N.A. ▇▇▇▇▇▇ Insurance Company Limited 998720 Security agreement 15.11.95 24.11.95 Citibank N.A. Reinsurance deposit agreement 15.11.95 24.11.95 Citibank N.A. Longmynd Insurance Company Limited 1454023 Charge 06.11.87 26.11.87 Citibank N.A. Fieldmill Insurance Company Limited 1457354 Charge 06.11.87 14.11.87 Citibank N.A River Thames Insurance Company Limited 462838 Reinsurance deposit agreement 11.07.88 20.07.88 Citibank N.A Security agreement 11.07.88 20.07.88 Citibank N.A Security agreement 06.01.89 11.01.89 Citibank N.A Security agreement 12.06.90 19.06.90 Citibank N.A Security agreement 02.01.96 09.01.96 Citibank N.A Brampton Insurance Company Limited 1272965 Reinsurance deposit agreement 23.02.96 29.02.96 Citibank N.A. Unione Italiana (UK) Reinsurance Company Limited 199059 Charge 02.12.87 09.12.87 Citibank N.A. Hillco...
Discharge Date the date that all creditors’ Claims against the Debtors are discharged and released in full pursuant to the Bankruptcy Plan.