Common use of Discharge of Security Clause in Contracts

Discharge of Security. Following the repayment or payment to the Assignee of all the Secured Obligations the Assignee will at the Assignor’s request and expense reassign to the Assignor the property assigned to the Assignee by this Deed without recourse to any representation or warranty by or from the Assignee.

Discharge of Security. Following the repayment or payment to the Assignee of all the Secured Obligations Obligations, the Assignee will at the Assignor’s request and expense reassign to the Assignor the property assigned to the Assignee by this Deed without recourse to any representation or warranty by or from the Assignee.