Common use of Release of Grantor Clause in Contracts

Release of Grantor. This Agreement shall be terminated and all Secured Obligations of Grantor hereunder shall be released when all Secured Obligations have been paid in full or upon such release of Grantor's Secured Obligations hereunder. Upon such termination Subordinated Secured Parties shall return any pledged Collateral to 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 Grantor, or to the person or persons legally entitled thereto, and to evidence or document the release of the Subordinated Secured Parties' interests arising under this Agreement, all as reasonably requested by, and at the sole expense of, Grantor.

Release of Grantor. This Agreement shall be terminated and all Secured Obligations of Grantor hereunder shall be released when all Secured Obligations have been paid in full or upon such release of Grantor's ’s Secured Obligations hereunder. Upon such termination Subordinated Secured Parties Party shall return any pledged Collateral to 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 Grantor, or to the person or persons legally entitled thereto, and to evidence or document the release of the Subordinated Secured Parties' Party’ interests arising under this Agreement, all as reasonably requested by, and at the sole expense of, Grantor.

Release of Grantor. This Agreement shall be terminated and all Secured Obligations of Grantor hereunder shall be released when all Secured Obligations have been paid in full full, upon termination of the Guaranty, or upon such release of Grantor's ’s Secured Obligations hereunder. Upon such termination Subordinated Secured Parties Party shall return any pledged Collateral to 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 Grantor, or to the person or persons legally entitled thereto, and to evidence or document the release of the Subordinated Secured Parties' Party’s interests arising under this Agreement, all as reasonably requested by, and at the sole expense of, Grantor.