Common use of Return of Collateral Clause in Contracts

Return of Collateral. Upon the payment in full of the obligations or upon satisfaction and discharge of this Indenture in accordance with Article 10 (and the Trustee receiving written confirmation thereof satisfactory to the Trustee), the Trustee, subject to the terms of the Collateral Agreements, shall forthwith take all necessary action to return any Collateral in the Trustee's possession to the Issuer or its Subsidiaries, as the case may be, and release the Liens thereon and Security Interests therein.

Appears in 6 contracts

Samples: Indenture (Trans World Gaming Corp), Indenture (Trans World Gaming Corp), Value Partners LTD /Tx/

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