Common use of REDEMPTION AND RELEASE Clause in Contracts

REDEMPTION AND RELEASE. 9.1 Release on payment or discharge Upon proof being given to the satisfaction of the Note Trustee as to the irrevocable and unconditional payment or discharge of the Series 2023-1 (A3) Secured Obligations, the Note Trustee will promptly, at the request and cost of the Issuer, release, discharge or reassign the Series 2023-1 (A3) Secured Property to the Issuer or any other person entitled thereto of whom the Note Trustee has notice.

Appears in 1 contract

Samples: bank.tescoplc.com

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REDEMPTION AND RELEASE. 9.1 Release on payment or discharge Upon proof being given to the satisfaction of the Note Trustee as to the irrevocable and unconditional payment or discharge of the Series 20232007-1 (A3) Secured Obligations, the Note Trustee will promptlywill, at the request and cost of the Issuer, release, discharge or reassign the Series 20232007-1 (A3) Secured Property to the Issuer or any other person entitled thereto of whom the Note Trustee has notice.

Appears in 1 contract

Samples: Turquoise Funding I LTD

REDEMPTION AND RELEASE. 9.1 Release on payment or discharge Upon proof being given to the satisfaction of the Note Trustee as to the irrevocable and unconditional payment or discharge of the Series 2023-1 (A3A1) Secured Obligations, the Note Trustee will promptly, at the request and cost of the Issuer, release, discharge or reassign the Series 2023-1 (A3A1) Secured Property to the Issuer or any other person entitled thereto of whom the Note Trustee has notice.

Appears in 1 contract

Samples: bank.tescoplc.com

REDEMPTION AND RELEASE. 9.1 Release on payment or discharge Upon proof being given to the satisfaction of the Note Trustee as to the irrevocable and unconditional payment or discharge of the Series 2023-1 (A3A2) Secured Obligations, the Note Trustee will promptly, at the request and cost of the Issuer, release, discharge or reassign the Series 2023-1 (A3A2) Secured Property to the Issuer or any other person entitled thereto of whom the Note Trustee has notice.

Appears in 1 contract

Samples: bank.tescoplc.com

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REDEMPTION AND RELEASE. 9.1 Release on payment or discharge Upon proof being given to the satisfaction of the Note Trustee as to the irrevocable and unconditional payment or discharge of the Series 20232020-1 (A3A4) Secured Obligations, the Note Trustee will promptly, at the request and cost of the Issuer, release, discharge or reassign the Series 20232020-1 (A3A4) Secured Property to the Issuer or any other person entitled thereto of whom the Note Trustee has notice.

Appears in 1 contract

Samples: bank.tescoplc.com

REDEMPTION AND RELEASE. 9.1 Release on payment or discharge Upon proof being given to the satisfaction of the Note Trustee as to the irrevocable and unconditional payment or discharge of the Series 20232020-1 (A3) Secured Obligations, the Note Trustee will promptly, at the request and cost of the Issuer, release, discharge or reassign the Series 20232020-1 (A3) Secured Property to the Issuer or any other person entitled thereto of whom the Note Trustee has notice.

Appears in 1 contract

Samples: bank.tescoplc.com

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