Common use of Release of Mortgaged Property Clause in Contracts

Release of Mortgaged Property. Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Mortgaged Property, or any interest therein, other than Funded Cash held by the Trustee, and the Trustee shall release all its right, title and interest in and to the same from the Lien hereof, upon receipt by the Trustee of:

Appears in 5 contracts

Samples: Indenture (PPL Electric Utilities Corp), Oncor Electric Delivery Co, PPL Electric Utilities Corp

AutoNDA by SimpleDocs

Release of Mortgaged Property. Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Mortgaged Property, or any interest therein, (other than Funded Cash held by or First Mortgage Bonds deposited with the Trustee, ) and the Trustee shall release all its right, title and interest in and to the same from the Lien hereof, upon receipt by the Trustee of:

Appears in 2 contracts

Samples: Indenture (Arkansas Power & Light Co), Indenture (Louisiana Power & Light Co /La/)

AutoNDA by SimpleDocs

Release of Mortgaged Property. Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Mortgaged Property, or any interest therein, other than Funded Cash held by the Trustee, and the Trustee shall release all its right, title and interest in and to the same from the Lien hereof, upon receipt by the Trustee of:

Appears in 1 contract

Samples: Aquila Inc

Time is Money Join Law Insider Premium to draft better contracts faster.