Common use of Release of the Grantors Clause in Contracts

Release of the Grantors. This Agreement and all obligations of each Grantor hereunder and all security interests granted hereby shall be released and terminated when all Obligations have been paid in full in cash and when Lender's obligation to make loans under the Credit Agreement has expired or have otherwise been terminated, or when the Guarantors' obligations under the Credit Guaranties shall have otherwise been terminated. Upon such release and termination of all Obligations and the security interest hereunder, all rights in and to the Collateral granted or pledged by the Grantors hereunder shall automatically revert to the Grantors, and Agent shall return any pledged Collateral in its possession to the 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 the Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of the interests of Agent arising under this Agreement, all as reasonably requested by, and at the sole expense of, the Grantors.

Release of the Grantors. This Agreement and all obligations of each Grantor hereunder and all security interests granted hereby shall be released and terminated when all Obligations have been paid in full in cash and when Lender's obligation to make loans Loans under the Credit Loan Agreement has expired or have otherwise been terminated, or when the Guarantors' obligations under the Credit Guaranties shall have otherwise been terminated. Upon such release and termination of all Obligations and the security interest hereunder, all rights in and to the Collateral granted or pledged by the Grantors hereunder shall automatically revert to the Grantors, and Agent Lender shall return any pledged Collateral in its their possession to the 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 the Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of the interests of Agent Lender arising under this Agreement, all as reasonably requested by, and at the sole expense of, the Grantors.

Release of the Grantors. This Agreement and all obligations of each Grantor hereunder and all security interests granted hereby shall be released and terminated when all Obligations have been paid in full in cash and when Lender's obligation to make loans under the Credit Agreement has expired or have otherwise been terminated, or when the Guarantors' Secured Party's obligations under the Credit Guaranties Guarantee shall have otherwise been terminated. Upon such release and termination of all Obligations and the security interest hereunder, all rights in and to the Collateral granted or pledged by the Grantors hereunder shall automatically revert to the Grantors, and Agent Secured Party shall return any pledged Collateral in its their possession to the 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 the Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of the interests of Agent Secured Party arising under this Agreement, all as reasonably requested by, and at the sole expense of, the Grantors.

Release of the Grantors. This Agreement and all obligations of each Grantor hereunder and all security interests granted hereby shall be released and terminated when all Obligations have been paid in full in cash and when LenderBank's obligation to make loans Loans under the Credit Agreement has expired or have otherwise been terminated, or when the Guarantors' obligations under the Credit Guaranties shall have otherwise been terminated. Upon such release and termination of all Obligations and the security interest hereunder, all rights in and to the Collateral granted or pledged by the Grantors hereunder shall automatically revert to the Grantors, and Agent Bank shall return any pledged Collateral in its their possession to the 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 the Grantors, or to the Person or Persons legally entitled thereto, and to evidence or document the release of the interests of Agent Bank arising under this Agreement, all as reasonably requested by, and at the sole expense of, the Grantors.