Partial Discharge Clause Samples
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Partial Discharge. Upon any prepayment of the Notes in accordance with this Agreement, at the request of the Borrower, the Agent shall remit to the Borrower appropriate documentation evidencing the partial release of Collateral, so long as (w) the requested release would not give rise to a Default, an Early Amortization Event, a Servicer Default or an Event of Default, (x) the requested release would not result in an Asset Base Deficiency, (y) a Default, an Early Amortization Event, a Servicer Default or an Event of Default is not then continuing and (z) the Borrower shall use no adverse selection procedures in selecting the Collateral to be released, and the Agent shall authorize the filing by the Borrower of any financing statements prepared by the Borrower evidencing such partial discharge and release.
Partial Discharge. No postponement or partial release or discharge of the Charge in respect of all or any part of the Collateral shall in any way operate or be construed so as to release and discharge the Charge except as therein specifically provided, or so as to release or discharge the Corporation from its liability to fully pay and satisfy the Obligations. The Debentureholders, by their acceptance of a Debenture, specifically authorize the Trustee to execute and deliver to the Corporation partial discharges of the Charge to give effect to any permitted disposition of the Collateral contemplated by Section 3.5.
Partial Discharge. MVHC and the City acknowledge and agree that this Agreement and the Notice are only intended to apply to the Rental Units and not to the Parkade or any common property or amenity space or childcare space within the Development. The City covenants and agrees that concurrently with the registration of any subdivision plan (including an airspace subdivision plan, or a strata plan pursuant to the Strata Property Act (British Columbia)) that creates a separate legal parcel or parcels for any of the Parkade, common property or any amenity space or childcare space in the Development, or as a result of the subdivision of the Lands to create a separate legal parcel for the site of the Development, the City will execute in registrable form and deliver to MVHC for filing in the applicable land title office, a discharge of the Notice from title to the parcel so created that does not include any of the Rental Units or any portion thereof.
Partial Discharge. No postponement or partial release or discharge of the Charge in respect of all or any part of the Collateral shall in any way operate or be construed so as to release and discharge the Charge except as therein specifically provided, or so as to release or discharge the Corporation from its liability to fully pay and satisfy the Obligations.
Partial Discharge. In accordance with Section 7.12 (c) of the GIP Loan Agreement, GIP may request, partial discharges of the Pledged Shares. In such event the Lender shall deliver to GIP any and all documents required for the partial cancellation and discharge of the Pledge and perform any such acts as may be necessary for that purpose.
Partial Discharge. Unless otherwise permitted by Section 6.13(c)(ii) of the Credit Agreement, CVH may not request, carry out, or try to request or carry out partial discharges of the Pledged Shares.
Partial Discharge. If:
(a) the Municipality has issued a building permit for all of the Community Amenity Units, and
(b) the Owner is not in breach of any of its obligations under this agreement, the Municipality will, at the request of the Owner and at the Owner’s sole expense, execute and deliver to the Owner, discharges of this agreement in registrable form, discharging this agreement from title to each parcel (including strata lots) that does not contain an Community Amenity Unit.