Common use of Collateral Release on Termination Clause in Contracts

Collateral Release on Termination. Upon the termination of this Agreement and the payment in full of all the Obligations, the Administrative Agent shall terminate and release all Liens in all Collateral granted to the Administrative Agent pursuant to the Security Documents and shall execute and file, or consent to the filing by the Loan Parties, of all releases and other documents reasonably requested by the Loan Parties to effect and evidence that release.

Collateral Release on Termination. Upon the termination of this Agreement and the payment in full in cash of all the ObligationsObligations and a release of claims from the Loan Parties in favor of the Credit Parties acceptable to the Administrative Agent, the Administrative Agent shall terminate and release all Liens in all Collateral granted to the Administrative Agent pursuant to the Security Documents and shall execute and file, or consent to the filing by the Loan Parties, of all releases and other documents reasonably requested by the Loan Parties to effect and evidence that release, all at the expense of the Loan Parties.

Collateral Release on Termination. Upon the termination of this Agreement and the payment in full in cash of all the Obligations, the Administrative Agent and the Lender, as applicable, shall terminate and release all Liens in all Collateral granted to the Administrative Agent or Lender pursuant to the Security Documents and shall execute and file, or consent to the filing by the Loan Parties, of all releases and other documents reasonably requested by the Loan Parties to effect and evidence that release.