Release of Assignment. Upon payment to the Assignee of its policy interest, the Assignee shall execute a written release of this assignment.
Release of Assignment. When this Mortgage has been fully released, the last such release shall operate as a reassignment of all future rents, issues and profits of the Subject Property to the person or persons legally entitled thereto. Notwithstanding anything contained herein to the contrary, Mortgagee hereby agrees, subject to the provisions of Section 2.10 of the Loan Agreement, to release this Mortgage notwithstanding the fact that all of the Secured Obligations have not been satisfied.
Release of Assignment. Upon the full payment of the Corporation's Collateral Interest in accordance with the terms and conditions of this Assignment and the Agreement, the Corporation shall release to the Owner, if the Owner retains the Policy in accordance with the Agreement, the Policy and all specific rights included in this Assignment.
Release of Assignment. Upon payment in full of the Secured Debt and performance of all obligations secured hereby, this Lease Assignment shall become and be void.
Release of Assignment. Upon payment to the Assignee, its successors and assigns, of the amount due under Article III of the Split Dollar Agreement, the Assignee, its successors and assigns shall execute a written release of this Agreement.
Release of Assignment. (a) In the event of full and complete performance of all of the Obligations under the Loan Documents and payment in full of the Note in accordance with its terms, this Assignment shall thereupon become null and void and be of no further force and effect, and Pledgee shall deliver the Membership Interest Assignment marked “canceled” together with this Pledge Agreement to the Pledgor, along with any certificates evidencing the Membership Interest (and undated stock powers) which were delivered to Pledgee pursuant to paragraph 2 above.
(b) Subject to Section 10 hereof, in the event of a default (other than payment of principal and/or interest on the Note) or upon a default under the provisions of Section 6 hereof, or upon an Event of Default under the Loan Documents, Pledgee may forthwith mail written notice thereof to Pledgor of such Event of Default. Ten (10) days after such notice has been so mailed by Pledgee, and providing that such notice has been so mailed by Pledgee, and providing that such default has not been cured by Pledgor, the Pledgee, it its sole and absolute discretion, may (but shall not be required to) elect to exercise its rights hereunder and under the Assignment by delivering to the Company the executed Assignment, in addition to all other available legal or equitable remedies. Pledgee may exercise its rights and remedies herein after expiration of the applicable grace period for payment obligations under the Note without necessity of further notice to Pledgee. The cure period provided herein is not intended to extend any cure or grace period in any other Loan Documents.
Release of Assignment. We hereby acknowledge and confirm the release of the above described Continuing Guaranty and Assignment of Deposit.
Release of Assignment. Upon payment, performance and observance in full of Borrowers' Liabilities, this Assignment shall be void and of no further force or effect and Assignee, upon the written request of Assignors, shall execute such documents, as may be reasonably requested by Assignors, to confirm the same; provided, however, that the certificate of any officer or agent of Assignee certifying that any of Borrowers' Liabilities remain unsatisfied shall constitute conclusive evidence of the validity, effectiveness and continuing force of this Assignment and any Person may, and hereby is authorized to, rely thereon.
Release of Assignment. (a) The Assignment shall terminate completely on the date the Corporation is paid its Premium Payments in accordance with the Agreement on account of the death of the Owner prior to termination of the Agreement or the termination of the Agreement prior to the date the Owner attained age sixty-five (65).
(b) The Assignment shall also terminate with respect to the Policy's cash surrender value on the date the Owner attains age sixty-five (65) (including any amounts subsequently credited under the Policy by the Insurer which are attributable to such released cash surrender value), provided, however, that the Assignment shall not be completely released with respect to the Policy until such date as may be provided in this Section 4.
(c) The Assignment shall terminate completely with respect to the Policy immediately following the date the last such additional annual payment is made to the Policy by the Corporation in accordance with Section 13 of the Agreement and the Corporation shall have no further obligations or rights with respect to the Policy.
(d) The Corporation shall release its Assignment under this Section 4 by executing and delivering to the Insurer an appropriate instrument of release.
Release of Assignment. Upon the full payment of the Corporation's --------------------- Collateral Interest in accordance with the terms and conditions of this Assignment and the Agreement, the Corporation shall release to the Owner, if the Owner retains the Policy in accordance with the Agreement, the Policy and all specific rights included in this Assignment.
