Common use of Good Discharge Clause in Contracts

Good Discharge. An acknowledgement of receipt signed by the relevant person to whom payments are to be applied under this Clause 5 (Proceeds of enforcement of security) will discharge each Creditor.

Good Discharge. An acknowledgement of receipt signed by the relevant person to whom payments are to be applied made under this Clause 5 (Proceeds shall be a good discharge, to the extent of enforcement that payment, of security) will discharge each Creditorthe Security Agent or the Notes Trustee on behalf of itself or the Noteholders.

Good Discharge. An acknowledgement of receipt signed by the relevant person to whom payments are to be applied under this Clause 5 (Proceeds of enforcement of security) will discharge each Creditor.