Indenture Release definition
Examples of Indenture Release in a sentence
In addition, upon the satisfaction of the conditions set forth in Section 10.04 of the Indenture (Release of Collateral), the security interest in all or a portion of the Collateral hereunder shall terminate to the extent set forth in such Section 10.04.
In accordance with the Escrow Instructions, the COLA Indenture Release shall be delivered to the ERS at, and shall be effective upon, the Closing of the transactions as provided in this Agreement.
Upon the satisfaction of the conditions set forth in SECTION 10.04 of the Indenture (Release of Collateral), the security interest in all or a portion of the Collateral hereunder shall terminate to the extent set forth in such SECTION 10.
In addition, upon the satisfaction of the conditions set forth in Section 14.04 of the Indenture (Release of Collateral), the security interest in all or a portion of the Collateral hereunder shall terminate to the extent set forth in such Section 14.
From and after the Closing, Parent and Seller shall apply the Purchase Price in accordance with the terms of the Credit Agreement, the Credit Agreement Release Documents, the Indenture and the Indenture Release Documents, and shall not take any action that could result in Purchaser, the Company, the Subsidiaries or any of their respective Affiliates having any liability as a successor or guarantor under the Credit Agreement or the Indenture.
Upon (I) the execution and delivery of the Production Payment Documents and (ii) the delivery and filing of the Indenture Release, the Purchaser will have Defensible Title to the Production Payment free and clear of any mortgage, pledge, title retention lien, or other lien, encumbrance or security interest except for Permitted Liens.
Upon Court Approval, Kaanapali Land shall execute that certain Release (the "COLA Indenture Release"), in the form attached as Exhibit "1" to Exhibit "E," and cause the COLA Indenture Release, fully executed and bearing the original signatures of Bank One Trust Company, N.A. (the "Indenture Trustee") and Kaanapali Land, to be deposited with the Escrow Company pursuant to the Escrow Instructions.