Discharge and Satisfaction Clause Samples
Discharge and Satisfaction. Upon payment or satisfaction in full by the Corporation to the Creditor of all moneys owing hereunder, these presents shall cease and become null and void, but the Creditor shall upon the request of the Corporation, execute and deliver to the Corporation a full release and discharge.
Discharge and Satisfaction. Upon payment by OCLT to the Investor of all monies due and payable hereunder, this Bond shall cease and become null and void and the Investor shall upon request and the expense of OCLT execute and deliver to OCLT a full release and discharge.
Discharge and Satisfaction. Upon payment by RadStorm to the Investor of all monies due and payable hereunder, this ▇▇▇▇ shall cease and become null and void and the Investor shall upon request and the expense of RadStorm execute and deliver to RadStorm a full release and discharge.
Discharge and Satisfaction. Upon payment by the Company to Roynat of all moneys hereby secured, these presents shall cease and become null and void and the charges and security interests granted by the Company herein shall cease and be of no further effect without any acknowledgement or formality, but Roynat shall upon the request and at the expense of the Company, execute and deliver to the Company a full release and discharge.
Discharge and Satisfaction. Upon payment by the Co-operative to the Member of all monies due and payable hereunder, this Bond shall cease and become null and void and the Member shall upon request and the expense of the Co-operative execute and deliver to the Co-operative a full release and discharge.
Discharge and Satisfaction. Upon payment by Services and Housing In the Province to the Investor of all monies due and payable hereunder, this Bond shall cease and become null and void and the Investor shall upon request and the expense of Services and Housing In the Province execute and deliver to Services and Housing In the Province a full release and discharge.
Discharge and Satisfaction. Upon payment by Indwell Community Homes to the Investor of all monies due and payable hereunder, this Bond shall cease and become null and void and the Investor shall upon request and the expense of Indwell Community Homes execute and deliver to Indwell Community Homes a full release and discharge.
Discharge and Satisfaction. If the Company shall have first paid to the Holder the principal of this Debenture and all interest and other moneys herby secured at the times and in the manner herein provided, and shall have observed and performed the covenants and undertakings herein contained, then these presents shall cease and become null and void, and the Mortgaged Premises shall revert to and reinvest in the Company without any acknowledgement of satisfaction, release or other act or formality whatever, but the Holder shall, upon the request and at the expense of the Company, execute and deliver to the Company a full release and discharge of the Mortgaged Premises.
Discharge and Satisfaction. Upon payment by Kensington Market Community Land Trust to the Investor of all monies due and payable hereunder, this Bond shall cease and become null and void and the Investor shall upon request and the expense of Kensington Market Community Land Trust execute and deliver to Kensington Market Community Land Trust a full release and discharge.
Discharge and Satisfaction. Upon satisfaction by the Debtor of all obligations of the Debtor owed to the Creditor, the Creditor shall, upon the request and at the expense of the Debtor, execute and deliver to the Debtor such releases and discharges as the Debtor may reasonably require.