Common use of Release and Satisfaction Clause in Contracts

Release and Satisfaction. Upon the indefeasible payment (whether in cash and/or other consideration which is satisfactory to the Lenders in their sole discretion) and performance in full of the Obligations, the termination of all Interest Rate Agreements to which any Secured Party is a party and the termination of all Commitments (i) this Pledge Agreement and the security interest created hereby shall terminate, and (ii) upon written request of the Pledgor, the Administrative Agent shall execute and deliver to the Pledgor, at the Pledgor's expense and without representation or warranty by or recourse to the Administrative Agent or the Secured Parties, all certificates, representations or evidences of the Pledged Shares and all Pledged Notes, together with all other Pledged Collateral held by the Administrative Agent hereunder and such documents as the Pledgor shall reasonably request to evidence such termination, and the Pledgor shall deliver to the Administrative Agent a general release of all of the Administrative Agent's liabilities and Obligations under all Loan Documents and an acknowledgment that the same have been terminated.

Release and Satisfaction. Upon the indefeasible payment (whether in cash and/or other consideration which is satisfactory to the Lenders in their sole discretion) and performance in full of the Obligations, Obligations and the termination of all Interest Rate Agreements to which any Secured Party is a party and the termination of all Commitments (i) this Pledge Agreement and the security interest created hereby shall terminate, and (ii) upon written request of the any Pledgor, the Administrative Agent shall execute and deliver to the such Pledgor, at the such Pledgor's ’s expense and without representation or warranty by or recourse to the Administrative Agent or the Secured Parties, all certificates, representations or evidences of the Pledged Shares and all Pledged Notes, together with all other Pledged Collateral held by the Administrative Agent hereunder and such documents as the such Pledgor shall reasonably request to evidence such termination, and the such Pledgor shall deliver to the Administrative Agent a general release of all of the Administrative Agent's ’s liabilities and Obligations under all Loan Documents and an acknowledgment that the same have been terminated.

Release and Satisfaction. Upon the indefeasible payment (whether in cash and/or other consideration which is satisfactory to the Lenders in their sole discretion) and performance in full of the Obligations, the termination of all Interest Rate Agreements to which any Secured Party is a party and the termination of all Commitments (i) this Pledge Agreement and the security interest created hereby shall terminate, and (ii) upon written request of the any Pledgor, the Administrative Agent shall execute and deliver to the such Pledgor, at the such Pledgor's ’s expense and without representation or warranty by or recourse to the Administrative Agent or the Secured Parties, all certificates, representations or evidences of the Pledged Shares and all Pledged Notes, together with all other Pledged Collateral held by the Administrative Agent hereunder and such documents as the such Pledgor shall reasonably request to evidence such termination, and the such Pledgor shall deliver to the Administrative Agent a general release of all of the Administrative Agent's ’s liabilities and Obligations under all Loan Documents and an acknowledgment that the same have been terminated.