Common use of Release and Termination Clause in Contracts

Release and Termination. All of the Collateral shall be released and this Agreement shall be terminated on the earlier of: (a) the date on which (i) the Collateral Agent shall have received from each of the Secured Parties written notice that all Secured Obligations (other than contingent indemnity obligations) owing to such Secured Party have been paid in full and (ii) all Collateral Agent’s Expenses shall have been paid in full; or (b) the date on which (i) the Collateral Agent shall have received written notice from (1) the Agent and (2) the Pru Noteholders directing the Collateral Agent to release the Collateral, and (ii) all Collateral Agent’s Expenses shall have been paid in full.

Release and Termination. All of the Collateral shall be released and this Agreement shall be terminated on the earlier of: (a) the date on which (i) the Collateral Agent shall have received from each of the Secured Parties Lenders written notice that all Secured Obligations (other than contingent indemnity obligations) owing to such Secured Party Lender have been paid in full and (ii) all Collateral Agent’s Expenses shall have been paid in full; or (b) the date on which (i) the Collateral Agent shall have received written notice from (1) the Agent and (2) the Pru Noteholders directing the Collateral Agent to release the CollateralCollateral and stating that the Banks have consented to such release under the terms of the Bank Credit Agreement, and (ii) all Collateral Agent’s Expenses shall have been paid in full.

Release and Termination. All of the Collateral shall be released and this Agreement shall be terminated on the earlier of: (a) the date on which (i) the Collateral Agent shall have received from each of the Secured Parties written notice that all Secured Obligations (other than contingent indemnity obligations) owing to such Secured Party have been paid in full and (ii) all Collateral Agent’s Expenses shall have been paid in full; oror SAN_FRANCISCO/#46444.4 (b) the date on which (i) the Collateral Agent shall have received written notice from (1) the Agent and (2) the Pru Noteholders directing the Collateral Agent to release the Collateral, and (ii) all Collateral Agent’s Expenses shall have been paid in full.

Release and Termination. All of the Collateral shall be released and this Agreement shall be terminated on the earlier of: (a) the date on which (i) the Collateral Agent shall have received from each of the Secured Parties Noteholders written notice that all Secured Obligations (other than contingent indemnity obligations) Liabilities owing to such Secured Party the Noteholder have been paid in full and (ii) all Collateral Agent’s 's Expenses shall have been paid in full; or (b) the date on which (i) the Collateral Agent shall have received written instructions from all of the Noteholders (other than any Noteholder that has given notice from (1to the Collateral Agent in accordance with the last sentence of Section 10) the Agent and (2) the Pru Noteholders directing the Collateral Agent to release the Collateral, Collateral and (ii) all Collateral Agent’s 's Expenses shall have been paid in full.

Release and Termination. All of the Collateral shall be released and this Agreement shall be terminated on the earlier of: (a) the date on which (i) the Collateral Agent shall have received from each of the Secured Parties written notice that all Secured Obligations (other than contingent indemnity obligations) owing to such Secured Party have been paid in full and (ii) all Collateral Agent’s Expenses shall have been paid in full; or (b) the date on which (i) the Collateral Agent shall have received written notice from (1) the Agent and (2) the Pru Noteholders directing the Collateral Agent to release the Collateral, and (ii) all Collateral Agent’s Expenses shall have been paid in full.

Release and Termination. All of the Collateral shall be released and this Agreement shall be terminated on the earlier of: (a) the date on which (i) the Collateral Agent shall have received from each of the Secured Parties written notice that all Secured Obligations (other than contingent indemnity obligations) owing to such Secured Party have been paid in full and (ii) all Collateral Agent’s Expenses shall have been paid in full; or (b) the date on which (i) the Collateral Agent shall have received written notice from (1) the Agent and Agent, (2) the Pru Noteholders and (3) the Additional Secured Lenders directing the Collateral Agent to release the Collateral, and (ii) all Collateral Agent’s Expenses shall have been paid in full.