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 Notes and interest thereon, if any, and other moneys payable hereunder have been paid or satisfied, or that all the outstanding Notes having matured, such payments have 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 documents relating hereto, and all interest thereon, and the remuneration of the Trustee, or upon provision satisfactory to the Trustee being made therefor, the Trustee shall, at the request and at the expense of VGZ, execute and deliver to VGZ and the Guarantor such deeds or other instruments as shall be requisite to release VGZ and the Guarantor from the terms of the Indenture and Notes, except those terms of the Indenture relating to the indemnification of the Trustee.

Release from Covenants. Upon Written Request and proof being given to the reasonable satisfaction of the Trustee that the principal of all the Notes and interest thereon, if any, and other moneys payable hereunder have been paid or satisfied, or that all the outstanding Notes having matured, such payments have 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 documents relating hereto, and all interest thereon, and the remuneration of the Trustee, or upon provision satisfactory to the Trustee being made therefor, the Trustee shall, at the request and at the expense of VGZGBG, execute and deliver to VGZ and the Guarantor GBG such deeds or other instruments as shall be requisite to release VGZ and the Guarantor GBG from the terms of the Indenture Indenture, the Notes and Notesthe GBG GSA, except those terms of the Indenture relating to the indemnification of the Trustee.