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.
Appears in 5 contracts
Samples: Leases and Security Agreement (Ev International Inc), And Collateral Agreement (Ev International Inc), Leases and Security Agreement (Ev International Inc)
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.
Appears in 3 contracts
Samples: Leases and Security Agreement (Telex Communications Inc), Leases and Security Agreement (Ev International Inc), Ev International Inc
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 n 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.
Appears in 1 contract
Samples: Ev International Inc
