Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest on the Notes will become due and payable and that interest on the Notes will cease to accrue from and after the Redemption Date, unless the Issuer fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Collateral from the Lien of this Indenture and release to the Issuer or any other Person entitled to funds then in the Bank Accounts under this Indenture according to Section 8.4(c).
Release of Funds. When there are no Notes Outstanding and all amounts due from the Issuer to the Indenture Trustee have been paid in full under Section 6.7 or 10.1, the Indenture Trustee will release the Collateral from the Lien of this Indenture and release to the Issuer or any other Person entitled to those funds under this Indenture or the other Transaction Documents, the funds then in the Bank Accounts under this Indenture. The Indenture Trustee will release Collateral from the Lien of this Indenture under this Section 8.4(c) only on receipt of an Issuer Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3
Release of Funds. The Indenture Trustee shall, at such time as there are no Notes outstanding, release any remaining portion of the Distribution Account and the Principal Funding Account from the Lien of the Indenture and release to or to the order of the Trust or, in the case of the Reserve Account, to the Depositor.
Release of Funds. When there are no Notes Outstanding and all amounts due from the Trust to the Indenture Trustee have been paid in full under Section 6.7 or 10.1, the Indenture Trustee will release the Series 2024-1 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to those funds under this Indenture, the other Series 2024-1 Series Related Documents or the Transaction Documents, the funds then in the Series 2024-1 Accounts under this Indenture. The Indenture Trustee will release Series 2024-1 Collateral from the Lien of this Indenture under this Section 8.4(c) only on receipt of a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3.
Release of Funds. On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments on the Notes will become due and payable and interest on the Notes will cease to accrue from and after the Redemption Date, unless the Trust fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Series 2022-3 Collateral from the Lien of this Indenture and release to the Trust or any other Person entitled to funds then in the Series 2022-3 Accounts under this Indenture according to Section 8.4(c).
Release of Funds. (a) The Escrow Agent shall release the Escrow Amount and the Certificates upon receipt, at any time, of joint written instructions from the Company and the Purchaser directing the manner in which the return or other distribution of the funds in the Escrow Amount and the Certificate is to be made.
Release of Funds. The Subsidy will be forwarded to the Employer within 45 days due net of receipt of an invoice to be issued by the Employer on the placement's conclusion. All such invoices must be submitted to EMC, as indicated in 2. above with a) the student's first and final pay stub, b) invoice and employer attestation, and c) the completed Employer Exit Survey and Student Exit Survey. Note that the final pay stub for the student must show the total salary payments made to the student during the placement. All payments are subject to EMC's receipt of the above documentation and the continuation of SWPP funding from ESDC.
Release of Funds. The Escrow Agent shall release the Escrow Amount in accordance with the disbursement instructions on Schedule B attached hereto.
Release of Funds. The Master Collateral Agent shall, at such time as there are no Credit Extensions Outstanding and the Lien of the Master Collateral Agreement has been terminated, release to the order of the Trust any remaining portion of the Collection Account following deduction of any fees, expenses or indemnities owed to it pursuant to Section 7.4 of the Master Collateral Agreement.
Release of Funds. (i) Release of 1st installment of funds shall be arranged by CPRI after signing of MoU.
