Reconveyance of Deed Of Trust Clause Samples
Reconveyance of Deed Of Trust. Upon payment in full of the Indebtedness, the termination of all Commitments under the Senior Secured Credit Agreement secured hereby and the compliance with the Obligations then required to be complied with, Beneficiary shall release the encumbrance of this Deed of Trust. If any of the Trust Property shall be sold, transferred or otherwise disposed of by Grantor in a transaction expressly permitted by the Senior Secured Credit Agreement, then Beneficiary shall execute and deliver, and shall cause Trustee to execute and deliver to Grantor (at the sole cost and expense of Grantor) all releases, reconveyances or other documents reasonably necessary or desirable for the release of such Trust Property from the encumbrance of this Deed of Trust.
Reconveyance of Deed Of Trust. Upon payment in full of the Indebtedness, the termination of all Commitments under the Credit Agreement secured hereby and the compliance with the Obligations then required to be complied with, Beneficiary shall direct the Trustee to execute and deliver the encumbrance of this Deed of Trust. If any of the Trust Property shall be sold, transferred or otherwise disposed of by Grantor in a transaction expressly permitted by the Credit Agreement, then Beneficiary shall execute and deliver to Grantor (at the sole cost and expense of Grantor) all releases, reconveyances or other 26 51 documents reasonably necessary or desirable for the release of such Trust Property from the encumbrance of this Deed of Trust.
Reconveyance of Deed Of Trust. The reconveyance of the Deed of Trust in favor of Bank of America, N.A., as Administrative Agent, executed by Bank of America, N.A. and in recordable form.
Reconveyance of Deed Of Trust and Termination of Assignments and financing Statements. If and when all of the Obligations have been paid and performed, and no further advances are to be made under the Loan Agreement, Trustee, upon request by Beneficiary, will provide a reconveyance of the Property from the lien of this Deed of Trust and termination statements for filed financing statements, if any, to Grantor. Grantor shall be responsible for the recordation of such reconveyance and the payment of any recording and filing costs. Upon the recording of such reconveyance and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void. Article III