Common use of Release of Security Interest Upon Satisfaction of all Obligations Clause in Contracts

Release of Security Interest Upon Satisfaction of all Obligations. Upon termination of this Agreement and repayment to the Noteholder of all Obligations and the performance of all obligations under the Secured Note Documents, the Noteholder shall release its security interest in any remaining Collateral; provided that if any payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned by the Noteholder upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the related Grantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or a trustee or similar officer for such Grantor or any substantial part of its Property, or otherwise, this Agreement, all rights hereunder and the Liens created hereby shall continue to be effective, or be reinstated, until such payments have been made.

Release of Security Interest Upon Satisfaction of all Obligations. Upon termination of this Loan Agreement and repayment to the Noteholder Lender of all Obligations and the performance of all obligations under the Secured Note Loan Documents, the Noteholder Lender shall release its security interest in any remaining Facility Collateral; provided that if any payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned by the Noteholder Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the related GrantorBorrower, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or a trustee or similar officer for such Grantor the Borrower or any substantial part of its Property, or otherwise, this Loan Agreement, all rights hereunder and the Liens created hereby shall continue to be effective, or be reinstated, until such payments have been made.

Release of Security Interest Upon Satisfaction of all Obligations. Upon termination of this Agreement and repayment to the Noteholder Lenders of all Obligations and the performance of all obligations under the Secured Note Loan Documents, the Noteholder each Lender shall release its security interest in any remaining Collateral; provided that if any payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned by the Noteholder such Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the related Grantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or a trustee or similar officer for such Grantor or any substantial part of its Property, or otherwise, this Agreement, all rights hereunder and the Liens created hereby shall continue to be effective, or be reinstated, until such payments have been made.