Common use of SATISFACTION AND DISCHARGE OF SECURITIES Clause in Contracts

SATISFACTION AND DISCHARGE OF SECURITIES. Any Security or Securities, or any portion of the principal amount thereof, shall be deemed to have been paid for all purposes of this Indenture, and the entire indebtedness of the Company in respect thereof shall be deemed to have been satisfied and discharged, if there shall have been irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust:

Appears in 50 contracts

Samples: Florida Power & Light Co, Texas Utilities (Texas Utilities Co /Tx/), Indenture (Txu Corp /Tx/)

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SATISFACTION AND DISCHARGE OF SECURITIES. Any Security or Securities, or any portion of the principal amount thereof, shall be deemed to have been paid for all purposes of this Indenture, and the entire indebtedness of the Company in respect thereof shall be deemed to have been satisfied and discharged, if there shall have been irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust:

Appears in 23 contracts

Samples: Security Agreement and Fixture Filing (Aquila Inc), First Mortgage Indenture (Allegheny Energy, Inc), First Mortgage Indenture (South Jersey Industries Inc)

SATISFACTION AND DISCHARGE OF SECURITIES. Any Security or Securities, or any portion of the principal amount thereof, shall be deemed to have been paid for all purposes of this Indenture, and the entire indebtedness of the Company in respect thereof shall be deemed to have been satisfied and discharged, if there shall have been irrevocably deposited with the Trustee or any Paying Agent (other than the Company)Trustee, in trust:

Appears in 2 contracts

Samples: Agl Resources Inc, Agl Capital Trust Iii

SATISFACTION AND DISCHARGE OF SECURITIES. (a) Any Security or Securities, or any portion of the principal amount thereof, shall be deemed to have been paid for all purposes of this IndentureIndenture and, and at the Company’s election, the entire indebtedness Indebtedness of the Company in respect thereof shall will be deemed to have been satisfied and discharged, if there shall have been irrevocably deposited with the Trustee or any Paying Agent (other than the Company)Trustee, in trust:

Appears in 1 contract

Samples: Indenture (Cleco Corporate Holdings LLC)

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SATISFACTION AND DISCHARGE OF SECURITIES. (a) Any Security or Securities, or any portion of the principal amount thereof, shall be deemed to have been paid for all purposes of this IndentureIndenture and, and at the Company’s election, the entire indebtedness of the Company in respect thereof shall will be deemed to have been satisfied and discharged, if there shall have been irrevocably deposited with the Trustee or any Paying Agent (other than the Company)Trustee, in trust:

Appears in 1 contract

Samples: Collateral Agency Agreement (Puget Energy Inc /Wa)

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