Release of Security Interests. (a) With respect to the Notes or each series of Notes, the Security Trustee’s Liens upon Collateral will no longer secure the obligations with respect to the Notes or that series of Notes and the right of the Holders of such obligations to the benefits and proceeds of the Security Trustee’s Liens on Collateral will terminate and be discharged: (A) upon satisfaction and discharge of this Indenture as set forth under in Section 12.01; (B) upon a Legal Defeasance or Covenant Defeasance with respect to that series of Notes as set forth in Article 8; or (C) upon payment in full in cash of the applicable Notes and all other related Note obligations that are outstanding, due and payable at the time the Notes are paid in full in cash; and (2) in accordance with the CSAA.
Appears in 3 contracts
Sources: Indenture (Cheniere Corpus Christi Holdings, LLC), Indenture (Cheniere Corpus Christi Holdings, LLC), Indenture (Cheniere Corpus Christi Holdings, LLC)
Release of Security Interests. (a) With respect to the Notes or each series of Notes, the Security TrusteeCollateral Agent’s Liens upon Collateral will no longer secure the obligations with respect to the Notes or that series of Notes and the right of the Holders of such obligations to the benefits and proceeds of the Security TrusteeCollateral Agent’s Liens on Collateral will terminate and be discharged:
(A) upon satisfaction and discharge of this Indenture as set forth under in Section 12.01;
(B) upon a Legal Defeasance or Covenant Defeasance with respect to that series of Notes as set forth in Article 8; or
(C) upon payment in full in cash of the applicable Notes and all other related Note obligations that are outstanding, due and payable at the time the Notes are paid in full in cash; and
(2) in accordance with the CSAA.
Appears in 1 contract
Sources: Indenture (Venture Global, Inc.)
Release of Security Interests. (a) With respect to the Notes or each series of Notes, the Security TrusteeCollateral Agent’s Liens upon Collateral will no longer secure the obligations with respect to the Notes or that series of Notes and the right of the Holders of such obligations to the benefits and proceeds of the Security TrusteeCollateral Agent’s Liens on Collateral will terminate and be discharged:
(A) upon satisfaction and discharge of this Indenture as set forth under in Section 12.01;
(B) upon a Legal Defeasance or Covenant Defeasance with respect to that series of Notes as set forth in Article 8; or
(C) upon payment in full in cash of the applicable Notes and all other related Note obligations that are outstanding, due and payable at the time the Notes are paid in full in cash; and
(2) in accordance with the A&R CSAA.
Appears in 1 contract
Sources: Indenture (Venture Global, Inc.)