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Common use of Discharge of Liability on Bonds Clause in Contracts

Discharge of Liability on Bonds. Upon the deposit with the Trustee, in trust, at or before maturity, of money or securities in the necessary amount (as provided in

Appears in 2 contracts

Sources: Indenture of Trust (Safety Kleen Corp/), Indenture of Trust (Laidlaw Environmental Services Inc)

Related Clauses

  • Discharge of Liability on Notes
  • Discharge of Liability on Securities
  • Discharge of Liability on Securities; Defeasance
  • Discharge of Liabilities
  • Discharge of Liability on Notes; Defeasance

Parent Clauses

  • Defeasance
  • Notation of Modification on Bonds; Preparation of New Bonds
  • Waiver of Default
  • Construction of Ambiguous Provisions
  • Trustee Authorized to Join in Amendments and Supplements; Reliance on Counsel
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