Common use of Discharge of Indebtedness Clause in Contracts

Discharge of Indebtedness. On the earliest to occur of (a) the date that the Warrant is Paid in Full, (b) the Discharge Date, or (c) the earlier termination of this Agreement by the City as permitted hereby, the entire outstanding balance of the Warrant shall be deemed paid, satisfied and discharged in full; and, all obligations of the City to make payments from the Warrant Fund shall cease. Any remaining amounts contained in the Warrant Fund as of such time shall be returned to the City to be used for any lawful purpose.

Discharge of Indebtedness. On the earliest to occur of (a) the date that the Warrant is Paid in Full, or (b) December 31, 2035 (after taking into account the Discharge Datepayment due on or before December 31, or (c) the earlier termination of this Agreement by the City as permitted hereby2035), the entire outstanding balance of the Warrant shall be deemed paid, satisfied and discharged in full; and, all obligations of the City to make payments from the Warrant Fund shall cease. Any If the Warrant is Paid in Full, any remaining amounts contained in the Warrant Fund as of such time shall be returned to the City to be used for any lawful purpose.

Discharge of Indebtedness. On the earliest to occur of (a) the date that the Warrant is Paid in Full, (b) the Discharge Date, or (c) the earlier termination of this the Development Agreement by the City as permitted herebythereby, the entire outstanding balance of the Warrant shall be deemed paid, satisfied and discharged in full; and, all obligations of the City to make payments from the Warrant Fund shall cease. Any remaining amounts contained in the Warrant Fund as of such time shall be returned to the City to be used for any lawful purpose.