Release of Deed of Trust. If all of the Debt shall be paid, then and in that event only, all rights under this Deed of Trust, except for those provisions hereof which by their terms survive, shall terminate and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be promptly released of record by Lender in due form at Borrower’s cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by Lender.
Release of Deed of Trust. Beneficiary agrees to promptly and unconditionally release this Deed of Trust as follows:
Release of Deed of Trust. If all of the Secured Indebtedness be paid as the same becomes due and payable and all of the covenants, warranties, undertakings and agreements made in this County Deed of Trust are kept and performed, and all other obligations, if any, of Holder for further advances have been terminated, then, and in that event only, all rights under this County Deed of Trust shall terminate (except to the extent expressly provided herein with respect to indemnifications, representations and warranties and other rights which are to continue following the release hereof) and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, and such liens and security interests shall be released by Xxxxxx in due form at Grantor's cost. Without limitation, all provisions herein for indemnity of Holder or Trustee shall survive discharge of the Secured Indebtedness, and any foreclosure, release or termination of this County Deed of Trust.
Release of Deed of Trust. If all of the Obligations shall be paid, performed and discharged and the Credit Agreement is terminated, Beneficiary shall forthwith cause satisfaction and discharge of this Deed of Trust to be entered upon the record, at the sole cost and expense of Trustor, and shall execute and deliver (or cause to be executed and delivered) such instruments of satisfaction and discharge as may be appropriate, such instruments to be duly acknowledged and in form for recording, at the sole cost and expense of Trustor.
Release of Deed of Trust. If any holder of a leasehold deed of trust shall acquire title to Tenant’s interest in this Lease, by foreclosure of a deed of trust thereon or by assignment in lieu of foreclosure or by an assignment from a nominee or wholly owned subsidiary corporation of such holder, or under a new lease pursuant to this Article, such holder may assign such lease and shall thereupon be released from all liability for the performance or observance of the covenants and conditions in such lease contained on Tenant’s part to be performed and observed from and after the date of such assignment, provided that the assignee from such deeds of trust shall have assumed this Lease and agreed to perform and observe the covenants and conditions in this Lease contained on Tenant’s part to be performed and observed.
Release of Deed of Trust. If all of the Obligations be paid and performed, then and in that event only, upon Bxxxxxxx’s written request, Lxxxxx shall promptly execute and deliver to Borrower a written satisfaction of the Deed of Trust, and upon the recordation thereof, all rights under this Deed of Trust shall terminate except for those provisions hereof which by their terms survive, and the Property shall become wholly clear of the liens, security interests, conveyances and assignments evidenced hereby, which shall be released by Lender in due form at Borrower’s cost. No release of this Deed of Trust or the lien hereof shall be valid unless executed by Lxxxxx.
Release of Deed of Trust. If all of the Obligations are paid when due and all of Grantor's covenants and agreements under this Deed of Trust and the Note are performed in full, then these presents shall be void and this Deed of Trust shall be released at the cost of Grantor.
Release of Deed of Trust. If all of the Obligations shall be paid, performed and discharged and the Indenture (and the commitments thereunder) is terminated, Beneficiary shall forthwith cause satisfaction and discharge of this Deed of Trust to be entered upon the record, and shall execute and deliver (or cause to be executed and delivered) such instruments of satisfaction and discharge as may be appropriate, such instruments to be duly acknowledged and in form for recording. Trustor shall pay the reasonable out-of-pocket costs incurred by Beneficiary in discharging, releasing and/or terminating this Deed of Trust and any other instruments related hereto, including, but not limited to, any financing statements.
Release of Deed of Trust. In addition to the partial releases required pursuant to Section 1.5 hereof, if Mortgagor has satisfied its obligations under Article II of the Development Agreement, the lien created by this Deed of Trust shall automatically terminate and upon request by Mortgagor, Mortgagee shall promptly cause satisfaction, discharge and release of this Deed of Trust to be entered upon the record at the expense of Mortgagor and shall execute and deliver or cause to be executed and delivered such instruments of satisfaction, reassignment and/or release as may be appropriate.
Release of Deed of Trust. The Beneficiary shall release this Deed of Trust and the lien hereof by proper instrument or instruments upon payment in full of all Indebtedness Hereby Secured.
