Common use of Discharge Date Clause in Contracts

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.

Appears in 2 contracts

Sources: Security Trust Deed, Security Trust Deed