Common use of Release of Grantor Clause in Contracts

Release of Grantor. This Agreement and all obligations of the Grantor hereunder and all security interests granted hereby shall be released and terminated when all Obligations have been indefeasibly paid in full in cash. Upon such release and termination of all Obligations and the expiration or termination of the pledge and security interest hereunder, all rights in and to the Collateral pledged or assigned by the Grantor hereunder shall automatically revert to the Grantor, and the Secured Party shall return any pledged Collateral in its possession to the Grantor, or to the Person or Persons legally entitled thereto, and shall endorse, execute, deliver, record and file all instruments and documents, and do all other acts and things, reasonably required for the return of the Collateral to the Grantor, or to the Person or Persons legally entitled thereto, and to evidence or document the release of the interests of the Secured Party arising under this Agreement, all as reasonably requested by, and at the sole expense of, the Grantor.

Release of Grantor. This Agreement and all obligations of the Grantor hereunder and all security interests granted hereby shall be released and terminated when all Obligations have been indefeasibly paid in full in cashcash or otherwise performed. Upon such release and termination of all Obligations and the expiration or termination of the pledge and security interest granted hereunder, all rights in and to the Collateral pledged or assigned by the Grantor hereunder shall automatically revert to the Grantor, and the Secured Party Parties shall return any pledged Collateral in its possession to the Grantor, or to the Person person or Persons persons legally entitled thereto, and shall endorse, execute, deliver, record and file all instruments and documents, and do all other acts and things, reasonably required for the return of the Collateral to the Grantor, or to the Person person or Persons persons legally entitled thereto, and to evidence or document the release of the interests of the Secured Party Parties arising under this Agreement, all as reasonably requested by, and at the sole expense of, the Grantor.