Common use of Release from Covenants Clause in Contracts

Release from Covenants. Upon Written Request and proof being given to the reasonable satisfaction of the Trustee that the principal of all the Debentures and interest thereon and other money payable hereunder have been paid or satisfied or that all the Debentures then outstanding having matured and, such payment having been duly and effectually provided for by payment to the Trustee or otherwise, and upon payment of all costs, charges and expenses properly incurred by the Trustee in relation to these presents and all interest thereon and the remuneration of the Trustee, or upon provision satisfactory to the Trustee being made therefor, the Trustee will, at the request and at the expense of the Corporation, execute and deliver to the Corporation such deeds or other instruments as are requisite to release the Corporation from the terms of the First Supplemental Indenture and the terms of the Principal Indenture relating to the Debentures, except those relating to the indemnification of the Trustee and issue and delivery of Common Shares in connection with the exercise of rights of conversion pursuant to Article 4.