Common use of Satisfaction and Discharge of Amended and Restated Indenture Clause in Contracts

Satisfaction and Discharge of Amended and Restated Indenture. (a) This Amended and Restated Indenture shall cease to be of further effect (except as to any surviving rights herein expressly provided for), and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments and certifications acknowledging satisfaction and discharge of this Amended and Restated Indenture, when: (i) either: (A) all Notes theretofore authenticated and delivered (other than (x) Notes which have been destroyed, lost, or stolen and which have been replaced or paid as provided in Section 2.05 and (y) Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged from such trust, as provided in Section 8.03(c)) have been irrevocably paid and delivered to the Trustee for cancellation; or (B) the final installments of principal on all such Notes not theretofore delivered to the Trustee for cancellation:

Appears in 2 contracts

Sources: Indenture (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp Viii)