Common use of Release of Grantors Clause in Contracts

Release of Grantors. This Assignment and all Secured Obligations of Grantors hereunder shall be released when (i) all Secured Obligations (other than contingent indemnity obligations and obligations in respect of any Specified Hedge Agreements) have been paid in full in cash or otherwise performed in full and when no portion of the Commitment remains outstanding. This Assignment and Secured Obligations of Grantors with respect to any item or portion of Collateral shall be released (i) when such item or portion of Collateral is sold or to be sold as part of or in connection with any Disposition permitted under the Credit Agreement or under any other Loan Document or (ii) if such release is approved, authorized or ratified in accordance with Section 10.5 of the Credit Agreement. Upon such release of Grantors’ Secured Obligations hereunder, Secured Party shall promptly return any Collateral to Grantors, 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 Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of Secured Party’s interests arising under this Assignment, all as reasonably requested by, and at the sole expense of, Grantors.

Release of Grantors. This Assignment Agreement and all Secured Obligations obligations of Grantors hereunder shall be released when (i) all Secured Obligations (other than contingent indemnity indemnification obligations and obligations in respect of any Specified Hedge Agreements) have been paid in full in cash or otherwise performed in full and when no portion of the Commitment remains outstanding. This Assignment and Secured Obligations of Grantors hereunder shall be released with respect to any item or portion of Collateral shall be released (i) when such item or portion of Collateral is sold or to be sold as part of or in connection with any Disposition permitted under the Credit Agreement or under any other Loan Document (including, without limitation, any Disposition of Designated Sale Assets permitted under the Credit Agreement) or (ii) if such release is approved, authorized or ratified as required in accordance with Section 10.5 10.15 of the Credit Agreement. Upon such release of Grantors’ Secured Obligations obligations hereunder, Secured Party shall promptly return any pledged Collateral to Grantors, 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 Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of Secured Party’s interests arising under this AssignmentAgreement, all as reasonably requested by, and at the sole expense of, Grantors.

Release of Grantors. This Assignment Agreement and all Secured Obligations of Grantors hereunder shall be released when (i) all Secured Obligations (other than (A) contingent indemnity indemnification obligations and obligations in respect of any Specified Hedge Agreements(B) Banking Service Obligations and Swap Agreement Obligations as to which arrangements satisfactory to the applicable Secured Party shall have been made) have been paid in full in cash paid, discharged or otherwise performed satisfied in full and when no portion of the Commitment Commitments remains outstanding. This Assignment and Secured Obligations of Grantors with respect to any item or portion of Collateral shall be released (i) when such item or portion of Collateral is sold or to be sold as part of or in connection with any Disposition permitted under the Credit Agreement or under any other Loan Document or (ii) if such release is approved, authorized or ratified in accordance with Section 10.5 of the Credit Agreement. Upon such release of Grantors’ Secured Obligations hereunder, Secured Party Administrative Agent shall promptly return any pledged Collateral to Grantors, 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 Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of Secured PartyAdministrative Agent’s interests arising under this AssignmentAgreement, all as reasonably requested by, and at the sole expense of, Grantors. Upon the consummation of any sale of Collateral to a third party pursuant to a transaction not prohibited by the Credit Agreement or the other Loan Documents, the Liens granted hereby with respect to such Collateral shall automatically terminate (but shall attach to the proceeds or products thereof) and the Administrative Agent shall at the request and the expense of the applicable Grantor, provide evidence of such termination.

Release of Grantors. This Assignment and all Secured Obligations of Grantors hereunder shall be released when (i) all Secured Obligations (other than contingent indemnity obligations and obligations in respect of any Specified Hedge Agreements) have been paid in full in cash or otherwise performed in full and when no portion of the Commitment remains outstanding. This Assignment and Secured Obligations of Grantors with respect to any item or portion of Collateral shall be released (i) when such item or portion of Collateral is sold or to be sold as part of or in connection with any Disposition permitted under the Second Amended and Restated Credit Agreement or under any other Loan Document or in connection with any transaction otherwise not prohibited under the Second Amended and Restated Credit Agreement or (ii) if such release is approved, authorized or ratified in accordance with Section 10.5 of the Second Amended and Restated Credit Agreement. Upon such any release of Grantors’ Secured Obligations hereunder, Secured Party shall promptly return any Collateral to Grantors, or to the Person or Persons legally entitled thereto, and shall promptly 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 Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of Secured Party’s interests arising under this Assignment, all as reasonably requested by, and at the sole expense of, Grantors.

Release of Grantors. This Assignment Agreement and all Secured Obligations obligations of Grantors hereunder shall be released when (i) all Secured Obligations (other than contingent indemnity indemnification obligations and obligations in respect of any Specified Hedge Agreements) have been paid in full in cash or otherwise performed in full and when no portion of the Commitment remains outstanding. This Assignment and Secured Obligations of Grantors hereunder shall be released with respect to any item or portion of Collateral shall be released (i) when such item or portion of Collateral is sold or to be sold as part of or in connection with any Disposition permitted under the Amended and Restated Credit Agreement or under any other Loan Document (including, without limitation, any Disposition of Designated Sale Assets permitted under the Amended and Restated Credit Agreement) or (ii) if such release is approved, authorized or ratified as required in accordance with Section 10.5 10.15 of the Amended and Restated Credit Agreement. Upon such release of Grantors’ Secured Obligations obligations hereunder, Secured Party shall promptly return any pledged Collateral to Grantors, 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 Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of Secured Party’s interests arising under this AssignmentAgreement, all as reasonably requested by, and at the sole expense of, Grantors.

Release of Grantors. This Assignment and all Secured Obligations of Grantors hereunder shall be released when (i) all Secured Obligations (other than contingent indemnity obligations and obligations in respect of any Specified Hedge Agreements) have been paid in full in cash or otherwise performed in full and when no portion of the Commitment remains outstanding. This Assignment and Secured Obligations of Grantors with respect to any item or portion of Collateral shall be released (i) when such item or portion of Collateral is sold or to be sold as part of or in connection with any Disposition permitted under the Amended and Restated Credit Agreement or under any other Loan Document or in connection with any transaction otherwise not prohibited under the Amended and Restated Credit Agreement or (ii) if such release is approved, authorized or ratified in accordance with Section 10.5 of the Amended and Restated Credit Agreement. Upon such any release of Grantors’ Secured Obligations hereunder, Secured Party shall promptly return any Collateral to Grantors, or to the Person or Persons legally entitled thereto, and shall promptly 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 Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of Secured Party’s interests arising under this Assignment, all as reasonably requested by, and at the sole expense of, Grantors.