Common use of Release upon Satisfaction or Defeasance of all Outstanding Obligations Clause in Contracts

Release upon Satisfaction or Defeasance of all Outstanding Obligations. The Liens on, and pledges of, all Collateral will also be terminated and released upon (i) payment in full of the principal of, premium, if any, on, accrued and unpaid interest and Additional Interest, if any, on the Notes and all other Obligations hereunder, the Guarantees and the Collateral Agreements that are due and payable at or prior to the time such principal, premium, if any, accrued and unpaid interest and Additional Interest, if any, are paid, (ii) a satisfaction and discharge of this Indenture as described above under Section 8.02 and (iii) the later to occur of (A) the occurrence of a Legal Defeasance or Covenant Defeasance as described above under Section 8.01 or (B) the 91st day occurring subsequent to the making of the deposit required under Section 8.01(c)(1).