Common use of Partial Discharge Clause in Contracts

Partial Discharge. No postponement or partial release or discharge of the Charge in respect of all or any part of the Collateral shall in any way operate or be construed so as to release and discharge the Charge except as therein specifically provided, or so as to release or discharge the Corporation from its liability to fully pay and satisfy the Obligations. The Debentureholders, by their acceptance of a Debenture, specifically authorize the Trustee to execute and deliver to the Corporation partial discharges of the Charge to give effect to any permitted disposition of the Collateral contemplated by Section 3.5.