Discharge of Liability on Debt Securities Sample Clauses
The Discharge of Liability on Debt Securities clause defines the conditions under which the issuer and related parties are released from further obligations on the debt securities. Typically, this occurs when the issuer has fulfilled all payment obligations, such as repaying principal and interest in full, or when the securities are redeemed or cancelled according to the terms of the agreement. This clause ensures that once the issuer has met its responsibilities, it is no longer liable for any claims related to those securities, thereby providing legal certainty and finality for both the issuer and the holders.
Discharge of Liability on Debt Securities. Defeasance 42 Section 8.02. Conditions to Defeasance 43 Section 8.03. Application of Trust Money 44 Section 8.04. Repayment to the Company 44 Section 8.05. Indemnity for Government Obligations 44 Section 8.06. Reinstatement 45
Discharge of Liability on Debt Securities. Defeasance 35 Section 8.02. Conditions to Defeasance 36 Section 8.03. Application of Trust Money 37 Section 8.04. Repayment to the Company 37 Section 8.05. Indemnity for Government Obligations 37 Section 8.06. Reinstatement 37 ARTICLE 9 AMENDMENT, SUPPLEMENT AND WAIVER 38 Section 9.01. Without Consent of Holders of Debt Securities 38 Section 9.02. With Consent of Holders of Debt Securities 39 Section 9.03. Compliance with Trust Indenture Act 40 Section 9.04. Revocation and Effect of Consents and Waivers 41 Section 9.05. Notation On or Exchange of Debt Securities 41 Section 9.06. Trustee to Sign Amendments, Etc 41 ARTICLE 10 MISCELLANEOUS 41 Section 10.01. Trust Indenture Act Controls 41 Section 10.02. Notices 42 Section 10.03. Communication by Holders of Debt Securities with Other Holders of Debt Securities 43 Section 10.04. Certificate and Opinion as to Conditions Precedent 43 Section 10.05. Statements Required in Certificate or Opinion 43 Section 10.06. Rules by Trustee and Agents 44