Common use of Discharge of Lien Clause in Contracts

Discharge of Lien. If the Issuer pays or causes to be paid, to or for the Noteholders, the principal of the Series 2023-A Notes and all interest due on the Series 2023-A Notes in the manner stipulated therein and herein and pays or causes to be paid all outstanding Fees and Expenses, due or to become due under this Indenture and if the Issuer keeps, performs, and observes all and singular the covenants and promises in the Series 2023-A Notes and in this Indenture expressed as to be kept, performed, and observed by it or on its part and any amounts payable by the Insurer have been paid, then this Indenture and these presents and the estate, liens, interests, and rights hereby created and granted shall cease, determine, terminate, and become null and void (except as to any indemnification herein provided for, which shall survive the termination or discharge of the Indenture), and thereupon the Trustee shall cancel and discharge the lien and security interest of this Indenture and execute and deliver to the Issuer such instruments in writing as requested by the Issuer and reasonably required to discharge and satisfy the lien and security interest hereof and thereof and convey to the Issuer the estate hereby conveyed and release, assign, and deliver to the Issuer any property at the time subject to the lien and security interest of this Indenture that may then be in its possession, except funds held by the Trustee for the payment of Series 2023-A Notes not yet presented for payment.

Discharge of Lien. If the Issuer pays shall pay or causes cause to be paid, to or for the Noteholders, paid the principal of the Series 2023-A Notes and all interest due on the Series 2023-A Notes Bonds at the times and in the manner stipulated therein and herein and pays or causes to be paid all outstanding Fees and Expensesherein, due or to become due under this Indenture and if the Issuer keepsshall keep, performs, perform and observes observe all and singular the covenants and promises agreements in the Series 2023-A Notes Bonds and in this Indenture expressed as to be kept, performed, performed and observed by it or on its part and any amounts payable by the Insurer have been paidpart, then the lien of this Indenture and Indenture, these presents and the estate, liens, interests, and rights hereby created and granted Trust Estate shall cease, determine, terminate, determine and become null and void (except as to any indemnification herein provided for, which shall survive the termination or discharge of the Indenture)be void, and thereupon the Trustee shall cancel and discharge this Indenture, the lien Security Deed and security interest of this Indenture the Security Interests, and shall execute and deliver to the Issuer such instruments in writing as requested by the Issuer and reasonably shall be required to cancel and discharge this Indenture, the Security Deed and satisfy the lien Security Interest, and security interest hereof and thereof and convey reconvey to the Issuer the estate hereby conveyed Trust Estate, and release, assign, assign and deliver to the Issuer any property at so much of the time subject to the lien and security interest of this Indenture that Trust Estate as may then be in its possessionpossession or subject to its control, except funds for moneys and Government Obligations held by in the Bond Fund for the purpose of paying Bonds which have not yet been presented for payment and moneys and obligations in the Bond Fund required to be paid to the Lessee pursuant to Section 6.09 hereof. At the written direction of the Lessee and upon Payment in Full of the Bonds, the Trustee for shall deliver the payment of Series 2023-A Notes not yet presented for paymentQuitclaim Deed to the Lessee.

Discharge of Lien. If the Issuer pays shall pay or causes cause to be paid, paid to or for the Noteholders, the principal Owners of the Series 2023-A Notes Senior Debentures all of the principal, premium, if any, and all interest to become due on thereon at the Series 2023-A Notes times and in the manner stipulated therein and herein and pays or causes to be paid all outstanding Fees and Expensestherein, due or to become due under this Indenture and if the Issuer keepsshall keep, performs, perform and observes observe all and singular the covenants and promises in the Series 2023-A Notes Senior Debentures and in this Indenture expressed as to be kept, performed, performed and observed by it or on its part and any amounts payable by the Insurer have been paidpart, then this Indenture and these presents and the estate, liens, interests, estate and rights hereby created and granted shall cease, determine, terminate, and become null and void (except as to any indemnification herein provided for, which shall survive the termination or discharge of the Indenture), and thereupon Trustee and the Trustee Collateral Agent shall cancel and discharge the lien and security interest of this Indenture and the Security Documents, and execute and deliver to the Issuer such instruments in writing as requested by the Issuer and reasonably required shall be requisite to discharge and satisfy the lien and security interest hereof and thereof thereof, and re-convey to the Issuer the estate hereby conveyed and releasethereby conveyed, assign, and assign and deliver to the Issuer any property at the time subject to the lien and security interest of this Indenture that and the Security Documents which may then be in its possession, including any monies remaining in any of the funds or accounts created under this Indenture (including, without limitation, the Senior Debenture Fund, the Sinking Fund and the Debt Service Escrow Account), except funds monies or Government Securities held by the Trustee for the payment of Series 2023-A Notes not yet presented for paymentthe principal of and premium, if any, and interest on the Senior Debentures.