Common use of Reconveyance of Mortgage Clause in Contracts

Reconveyance of Mortgage. 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, Mortgagee shall execute and deliver the encumbrance of this Mortgage. If any of the Mortgaged Property shall be sold, transferred or otherwise disposed of by Mortgagor in a transaction expressly permitted by the Credit Agreement, then Mortgagee shall execute and deliver to Mortgagor (at the sole cost and expense of Mortgagor) all releases, reconveyances or other documents reasonably necessary or desirable for the release of such Mortgaged Property from the encumbrance of this Mortgage.

Reconveyance of Mortgage. 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, Mortgagee shall execute and deliver release the encumbrance of this Mortgage. If any of the Mortgaged Property shall be sold, transferred or otherwise disposed of by Mortgagor in a transaction expressly permitted by the Senior Secured Credit Agreement, then Mortgagee shall execute and deliver to Mortgagor (at the sole cost and expense of Mortgagor) all releases, reconveyances or other documents reasonably necessary or desirable for the release of such Mortgaged Property from the encumbrance of this Mortgage.

Reconveyance of Mortgage. 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, Mortgagee shall execute and deliver the encumbrance of this Mortgage. If any of the Mortgaged Property shall be sold, transferred or otherwise disposed of by Mortgagor in a transaction expressly permitted by the Credit Agreement, then Mortgagee shall execute and deliver to Mortgagor (at the sole cost and expense of Mortgagor) all releases, reconveyances or other documents reasonably 27 necessary or desirable for the release of such Mortgaged Property from the encumbrance of this Mortgage.