Common use of Release of the Property, etc Clause in Contracts

Release of the Property, etc. If the Lessee shall at any time purchase the Property pursuant to the Lease or if the Property shall be sold in accordance with Article XXII of the Lease, then, upon satisfaction by the Borrower of its obligation to prepay the Financing and all other amounts owing to the Financing Parties under the Operative Agreements, the Agent is hereby authorized and directed to release the Property from the Liens created by the Security Documents to the extent of its interest therein. In addition, upon the termination of the Commitments and the payment in full of the Financing and all other amounts owing by the Borrower and the Lessee hereunder or under any other Operative Agreement, the Agent is hereby authorized and directed to release the Property from the Liens created by the Security Documents to the extent of its interest therein. Upon request of the Borrower following any such release, the Agent shall, at the sole cost and expense of the Lessee, execute and deliver to the Borrower and the Lessee such documents as the Borrower or the Lessee shall reasonably request to evidence such release.

Release of the Property, etc. If the Lessee shall at any time purchase the Property pursuant to the Lease Lease, or the Construction Agent shall purchase the Property pursuant to the Agency Agreement, or if the Property shall be sold in accordance with Article XXII of the Lease, then, upon satisfaction by the Borrower of its obligation to prepay the Financing and all other amounts owing to the Primary Financing Parties under the Operative Agreements, the Agent is hereby authorized and directed to release the Property from the Liens created by the Security Documents to the extent of its interest therein. In addition, upon the termination of the Commitments and the payment in full of the Financing and all other amounts owing by the Borrower and the Lessee hereunder or under any other Operative Agreement, the Agent is hereby authorized and directed to release the Property from the Liens created by the Security Documents to the extent of its interest therein. Upon request of the Borrower following Following any such release, the Agent shall, at the sole cost and expense of the Lessee, execute and deliver to the Borrower and the Lessee such documents as the Borrower or the Lessee shall reasonably request to evidence such release.

Release of the Property, etc. (a) If the Lessee shall at any time purchase the Property pursuant to Section 16.2 of the Lease or exercise its Purchase Option with respect to the Property or a portion thereof under Section 20 of the Lease, or if the Property shall be sold in accordance with Article XXII Section 21 of the Lease, then, upon satisfaction by the Borrower of its obligation to prepay the Financing Loans pursuant to Section 2.5(c) and all other amounts owing to pay accrued interest on the Financing Parties under the Operative AgreementsLoans so prepaid pursuant to Section 2.8, the Agent is hereby authorized and directed to shall release the Property or the applicable portion thereof from the Liens created by the Security Documents to the extent of its interest thereinDocuments. In addition, upon the termination of the Commitments and the payment in full of the Financing Loans and all other amounts owing by the Borrower and or the Lessee Guarantors hereunder or under any other Operative Agreement, the Agent is hereby authorized and directed to shall release the Property from the Liens created by the Security Documents to the extent of its interest thereinDocuments. Upon request of the Borrower following any such release, the Agent shall, at the sole cost and expense of the LesseeBorrower, execute and deliver to the Borrower and or the Lessee such documents as the Borrower or the Lessee shall reasonably request to evidence such release.

Release of the Property, etc. (a) If the Lessee shall at any ---------------------------- time purchase the Property pursuant to Section 16.2 of the Lease or exercise its Purchase Option with respect to the Property under Section 20 of the Lease, or if the Property shall be sold in accordance with Article XXII Section 21 of the Lease, then, upon satisfaction by the Borrower of its obligation to prepay the Financing Loans pursuant to Section 2.5(c) and all other amounts owing to pay accrued interest on the Financing Parties under the Operative AgreementsLoans so prepaid pursuant to Section 2.8, the Agent is hereby authorized and directed to shall release the Property from the Liens created by the Security Documents to the extent of its interest thereinDocuments. In addition, upon the termination of the Commitments and the payment in full of the Financing Loans and all other amounts owing by the Borrower and or the Lessee Guarantor hereunder or under any other Operative Agreement, the Agent is hereby authorized and directed to shall release all of the Property Properties from the Liens created by the Security Documents to the extent of its interest thereinDocuments. Upon request of the Borrower following any such release, the Agent shall, at the sole cost and expense of the LesseeBorrower, execute and deliver to the Borrower and or the Lessee such documents as the Borrower or the Lessee shall reasonably request to evidence such release.