Common use of Sufficiency of Release Clause in Contracts

Sufficiency of Release. All purchasers and grantees of any Note Lien Collateral purporting to be released will be entitled to rely upon any release executed by the Note Lien Collateral Agent or the Trustee as sufficient for the purpose of this Indenture and the Note Lien Security Documents and as constituting a good and valid release of the Note Lien Collateral therein described from the Lien of this Indenture and the Note Lien Security Documents.

Appears in 2 contracts

Sources: Indenture (Thornburg Mortgage Inc), Second Supplemental Indenture (Thornburg Mortgage Inc)

Sufficiency of Release. All purchasers and grantees of any Note Lien Collateral purporting to be released will be entitled to rely upon any release executed by the Note Lien Collateral Agent or the Trustee as sufficient for the purpose of this Indenture and the Note Lien Security Documents and as constituting a good and valid release of the Note Lien Collateral therein described from the Lien of this Indenture and the Note Lien Security Documents.

Appears in 1 contract

Sources: Indenture (Del Laboratories Inc)