Discharge Date Clause Samples

The Discharge Date clause defines the specific date on which a party is released from its obligations under an agreement. In practice, this clause sets a clear endpoint for contractual duties, such as when a borrower must repay a loan in full or when a service provider completes all required tasks. By establishing a definitive discharge date, the clause ensures both parties understand when their responsibilities end, thereby preventing disputes over ongoing obligations and providing certainty in the contractual relationship.
Discharge Date. Upon the occurrence of the Discharge Date the Pledgee will, at the written request and expense of the Pledgor, confirm in writing that the Pledges are terminated and shall take whatever action is necessary to release the Pledges.
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Discharge Date. Individuals dismissed for just cause will have a discharge date set to the last date worked.
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Discharge Date. Forthwith upon the date that all amounts owing under the Loan Note Documents and this Deed have been fully discharged, the trusts set out in this Deed shall be wound up and all the rights, duties and obligations of the Security Trustee to the Loan Noteholders shall cease to have effect.
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Discharge Date. Any matter expressed to require the consent or approval of the Pari Passu Creditors, the Super Priority Creditors or Senior Creditors (or any specified majority or sub-set thereof) shall only require such consent or approval prior to the Super Priority Discharge Date, Senior Lender Discharge Date or Senior Discharge Date (as the case may be) and shall be deemed not to require the consent of any Pari Passu Creditor, Super Priority Creditor or Senior Creditor which has been repaid, prepaid or replaced in accordance with the Debt Documents.
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Discharge Date. Forthwith upon the date on which all present and future sums, obligations or liabilities from time to time due, owing or incurred (actually or contingently) by any Obligor to a Finance Party under or in connection with the Finance Documents shall have been irrevocably discharged in full and all Commitments have been cancelled, the trusts set out in Clause 26.18 (Appointment of Security Agent) and in this Schedule 12 shall be wound up and all the rights, duties and obligations of the Security Agent to the other Finance Parties (but not liabilities already incurred for negligence or breach of duty) shall cease.
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Discharge Date. The obligations of the Borrower and the Subordinated Creditor under this Agreement shall remain in full force and effect until the Final Discharge Date.
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Discharge Date. Forthwith upon the date on which all present and future sums, obligations or liabilities from time to time due, owing or incurred (actually or contingently) by any Obligor to a Finance Party under or in connection with the Finance Documents shall have been irrevocably discharged in full and all Commitments have been cancelled, the trusts set out in Clause 27.18 (Appointment of Security Agent) and in this Schedule 11 shall be wound up and all the rights, duties and obligations of the Security Agent to the other Finance Parties (but not liabilities already incurred for negligence or breach of duty) shall cease. Brampton Insurance Company Limited Unione Italiana (UK) Reinsurance Co. Limited River Thames Insurance Company Limited ▇▇▇▇▇▇ Insurance Company Limited Mercantile Indemnity Company Limited Fieldmill Insurance Company Limited Longmynd Insurance Company Limited Hillcot Re Limited ▇▇▇▇▇▇ Insurance Company Limited ▇▇▇▇▇▇▇ Insurance Limited Unionamerica Insurance Company Limited Cumberland Holdings Limited Courtenay Holdings Limited Enstar Australia Holdings Pty Limited AG Australia Holdings Limited Gordian RunOff Limited TGI Limited Church Bay Limited Guildhall Insurance Limited EPIC Insurance Limited Rosemont Re Limited Guarantors ▇▇▇▇▇▇ Holdings Limited 1095628 Charge over shares 06.12.06 20.12.06 National Australia Bank Limited Material Companies — Letter of credit / ordinary course security ▇▇▇▇▇▇ Insurance Company Limited 157661 Security agreement 17.12.92 30.12.92 Citibank N.A. Amendment letter 15.02.94 22.02.94 Citibank N.A Security agreement 30.03.98 08.04.98 Citibank N.A Reinsurance deposit agreement 30.03.98 14.04.98 Citibank N.A. ▇▇▇▇▇▇ Insurance Company Limited 998720 Security agreement 15.11.95 24.11.95 Citibank N.A. Reinsurance deposit agreement 15.11.95 24.11.95 Citibank N.A. Longmynd Insurance Company Limited 1454023 Charge 06.11.87 26.11.87 Citibank N.A. Fieldmill Insurance Company Limited 1457354 Charge 06.11.87 14.11.87 Citibank N.A River Thames Insurance Company Limited 462838 Reinsurance deposit agreement 11.07.88 20.07.88 Citibank N.A Security agreement 11.07.88 20.07.88 Citibank N.A Security agreement 06.01.89 11.01.89 Citibank N.A Security agreement 12.06.90 19.06.90 Citibank N.A Security agreement 02.01.96 09.01.96 Citibank N.A Brampton Insurance Company Limited 1272965 Reinsurance deposit agreement 23.02.96 29.02.96 Citibank N.A. Unione Italiana (UK) Reinsurance Company Limited 199059 Charge 02.12.87 09.12.87 Citibank N.A. Hillco...
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Discharge Date the date that all creditors’ Claims against the Debtors are discharged and released in full pursuant to the Bankruptcy Plan.
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Related to Discharge Date

  • Discharge of Liens If any mechanic’s, laborer’s or materialman’s lien (other than a lien arising out of any work performed by the FCRHA) at any time shall be filed in violation of the obligations of Tenant pursuant to Section 15.01 against the Premises or any part thereof or the Project or any part thereof, or, if any public improvement lien created or permitted to be created by Tenant shall be filed against any assets of, or funds appropriated to, the FCRHA, Tenant, within forty-five (45) days after notice of the filing thereof shall cause the same to be discharged of record by payment, deposit, bond, order of a court of competent jurisdiction or otherwise. If Tenant shall fail to cause such lien to be discharged of record within the period aforesaid, and if such lien shall continue for an additional ten (10) days after notice by the FCRHA to Tenant, then, in addition to any other right or remedy, the FCRHA may, but shall not be obligated to, discharge the same either by paying the amount claimed to be due or by procuring the discharge of such lien by deposit or by bonding proceedings, and in any such event, the FCRHA shall be entitled, if the FCRHA so elects, to compel the prosecution of an action for the foreclosure of such lien by the lienor and to pay the amount of the judgment in favor of the lienor with interest, costs and allowances. Any amount so paid by the FCRHA, including all reasonable costs and expenses incurred by the FCRHA in connection therewith, together with interest thereon at the Involuntary Rate, from the respective dates of the FCRHA’s making of the payment or incurring of the costs and expenses, shall constitute Additional Costs and shall be paid by Tenant to the FCRHA within ten (10) days after demand. Notwithstanding the foregoing provisions of this Section 15.02, Tenant shall not be required to discharge (and the FCRHA shall not pay or discharge) any such lien if Tenant is in good faith contesting the same and has furnished a cash deposit or a security bond or other such security reasonably satisfactory to the FCRHA in an amount sufficient to pay such lien with interest and penalties.

  • Discharge of Obligations If at any time all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable as described in Section 11.01 shall have been paid by the Company by depositing irrevocably with the Trustee as trust funds moneys or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then after the date such moneys or Governmental Obligations, as the case may be, are deposited with the Trustee the obligations of the Company under this Indenture with respect to such series shall cease to be of further effect except for the provisions of Sections 2.03, 2.05, 2.07, 4,01, 4.02, 4,03, 7.06, 7.10 and 11.05 hereof that shall survive until such Securities shall mature and be paid. Thereafter, Sections 7.06 and 11.05 shall survive.

  • Discharge of Agreement 7.5.1 If the Developer fails to complete the development after seven (7) years from the date of execution of this Agreement, the Municipality may review this Agreement, in whole or in part, and may: (a) retain the Agreement in its present form; (b) negotiate a new Agreement; or (c) discharge this Agreement.

  • Discharge; Reinstatement Each Guarantor’s obligations hereunder will remain in full force and effect until the principal of, premium, if any, and interest on the Notes and all other amounts payable by the Company under this Indenture have been paid in full. If at any time any payment of the principal of, premium, if any, or interest on any Note or any other amount payable by the Company under this Indenture is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Company or otherwise, each Guarantor’s obligations hereunder with respect to such payment will be reinstated as though such payment had been due but not made at such time.

  • DISCHARGE CASES If an employee believes that he has been unjustly discharged he may commence grievance procedure and it will be instituted at Step 2.