Partial Discharges. The Vendors may in its sole discretion grant partial discharges or releases of security in respect of any of the Collateral on such terms and conditions as it shall deem fit and no such partial discharges or releases shall affect the remainder of the security created hereby nor shall it alter the obligations of the Debtor under the Obligations or hereunder.
Partial Discharges. 12. The Purchaser acknowledges that the Unit may be encumbered by mortgages (and collateral security thereto) which are not intended to be assumed by the Purchaser and that the Vendor shall not be obliged to obtain and register (partial) discharges of such mortgages insofar as they affect the Unit on the Title Transfer Date. The Purchaser agrees to accept the Vendor’s Solicitors’ undertaking to obtain and register (partial) discharges of such mortgages in respect of the Unit, within ninety (90) days after the Title Transfer Date subject to the Vendor or its solicitors providing to the Purchaser or the Purchaser’s solicitor the following:
Partial Discharges. Upon the sale or transfer of any assets permitted under this Indenture and upon receipt by the Trustee of an Officer’s Certificate confirming that the partial discharge requested is permitted pursuant to such particular Section of the Indenture, the Trustee shall, at the request and expense of the Corporation, execute and deliver to the Corporation such deeds or other instruments as may be necessary to release such asset from the Liens created by the Security Documents provided that such deeds or other instruments are in form and substance satisfactory to the Trustee and the Trustee Counsel, both acting reasonably.
Partial Discharges. On any sale or other form of disposition by a Debtor of any property or assets included in the Collateral, Delaware shall, without undue delay following the giving to Delaware by such Debtor of its written request (that includes reasonable details of such proposed disposition), execute and deliver such partial discharges and other documents that is/are reasonably required to permit the Debtor to carry out such disposition free and clear of the Security Interest to the extent it attaches to or encumbers the property or assets to be so sold, provided that:
Partial Discharges. Upon request from time to time by the Borrower, the Agent shall, at the expense of the Borrower, execute and deliver such releases and discharges of Security as the Borrower shall reasonably request in order to discharge the Security over specific items of Collateral disposed of by an Obligor in accordance with the provisions of the Loan Documents provided that the Agent shall not be obliged to execute and deliver any such releases and discharges pursuant to this Section 11.07 at any time a Default or an Event of Default has occurred and is continuing.
Partial Discharges. Roynat may in its sole discretion grant partial discharges or releases of security in respect of any of the Mortgaged Premises on such terms and conditions as it shall deem fit and no such partial discharges or releases shall affect the remainder of the security constituted hereby nor shall it alter the obligations of the Company hereunder.
Partial Discharges. Provided that (i) there shall have been no Default or Event of Default that has occurred and is continuing; and (ii) the Company delivers to the Trustee an Officers' Certificate to which are attached (A) a confirmation in writing from the Senior Debentureholders that the aggregate principal amount then outstanding under the Senior Secured Debentures at such time (other than interest, fees and other amounts payable under or in respect of the Senior Secured Debentures and the Senior Debentures Security) is equal to or less than U.S.$45 million; and (B) a confirmation in writing from the lenders under the Working Capital Facility confirming the maximum amount available thereunder and the actual Indebtedness of the Company thereunder at such time and such Officers' Certificate certifies that the aggregate principal amount of the Indebtedness of the Company under the Senior Secured Debentures, as permanently reduced, and the greater of the maximum amount available under in respect of the Working Capital Facility and the actual Indebtedness of the Company under or in respect of the Working Capital Facility do not in aggregate and on a permanent basis exceed U.S.$45 million, the Trustee shall, upon written request and at the expense of the Company, release and discharge the Noteholders' Liens from the assets and properties of the Company and its Restricted Subsidiaries, other than the Kemess South Mine. The Trustee, in confirming that the requirements of this Section 4A.12 (including, without limitation, the absence of a continuing Default or Event of Default) have been satisfied, shall be entitled to receive and shall be fully protected in relying upon an Officers' Certificate and an Opinion of Counsel.
