Common use of Release of Guarantees and Liens Clause in Contracts

Release of Guarantees and Liens. (a) At such time as the Loans and the other obligations under the Loan Documents (other than contingent indemnification obligations) shall have been paid in full and the Aggregate Commitment has been terminated, the Collateral shall be released from the Liens created by the Security Instruments, and the Security Instruments and all obligations (other than those expressly stated to survive such termination) of each Credit Party under the Security Instruments shall terminate, all without delivery of any instrument or performance of any act by any Person; and

Release of Guarantees and Liens. (a) At such time as the Loans and the other obligations under the Loan Documents (other than contingent indemnification obligations) shall have been paid in full and the Aggregate Commitment has been terminated, the Collateral shall be released from the Liens created by the Security InstrumentsDocuments, and the Security Instruments Documents and all obligations (other than those expressly stated to survive such termination) of each Credit Party under the Security Instruments Documents shall terminate, all without delivery of any instrument or performance of any act by any Person; and

Release of Guarantees and Liens. (a) At such time as the Loans and the other obligations under the Loan Documents (other than contingent indemnification obligations) shall have been paid in full and the Aggregate Commitment has been terminatedUpon Discharge of Obligations, the Collateral shall shall, subject to the Swap Intercreditor Agreement, be released from the Liens created by the Security InstrumentsDocuments, and the Security Instruments Documents and all obligations (other than those expressly stated to survive such termination) of each Credit Party under the Security Instruments Documents shall terminate, all without delivery of any instrument or performance of any act by any Person; and

Release of Guarantees and Liens. (a) At such time as the Loans and the other obligations under the Loan Documents (other than contingent indemnification obligations) shall have been paid in full and the Aggregate Commitment has been terminated, the Collateral shall shall, subject to the Swap Intercreditor Agreement, be released from the Liens created by the Security InstrumentsDocuments, and the Security Instruments Documents and all obligations (other than those expressly stated to survive such termination) of each Credit Party under the Security Instruments Documents shall terminate, all without delivery of any instrument or performance of any act by any Person; and