Common use of Release or Reconveyance Clause in Contracts

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 6 contracts

Samples: Credit Agreement (Verso Paper Holdings LLC), Credit Agreement (RBS Global Inc), Credit Agreement (FTD Group, Inc.)

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Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 6 contracts

Samples: Credit Agreement (Hersha Hospitality Trust), Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Security Agreement (Polyone Corp)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit AgreementObligations, Mortgagee, at Mortgagor’s 's expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (Simmons Co /Ga/), Credit and Guaranty Agreement (Simmons Bedding Co), Mortgage, Security Agreement (Baldwin Piano & Organ Co /De/)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit AgreementIndenture, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 4 contracts

Samples: Mortgage, Security Agreement (Titan International Inc), Mortgage, Security Agreement (Titan International Inc), Mortgage, Security Agreement (Titan International Inc)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations Secured Debt, or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement and the Collateral Trust Agreement, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 4 contracts

Samples: Joinder and Assumption Agreement (CONSOL Energy Inc), Credit Agreement (CONSOL Energy Inc), Collateral Trust Agreement (Consol Energy Inc)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations Payment In Full, or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, or if at any time the Mortgaged Property is not required to be part of the Collateral under the Loan Documents, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 3 contracts

Samples: Credit Agreement (CNX Midstream Partners LP), Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Coal Resources LP)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Collateral Agency Agreement, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property assign this Mortgage to a third party designated by Mortgagor.

Appears in 2 contracts

Samples: Central Illinois Public Service Co, Central Illinois Public Service Co

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit AgreementObligations, Mortgagee, at Mortgagor’s expense, shall release the liens Liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 2 contracts

Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or Obligations, upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, or otherwise as provided in the Credit Agreement, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 2 contracts

Samples: Credit Agreement (Five Star Senior Living Inc.), Credit Agreement (Five Star Quality Care, Inc.)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations Obligations, or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s 's expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.. Exh. XIV-17

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

Release or Reconveyance. Upon the Obligations Satisfaction Date or payment in full of the Indebtedness Obligations and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to MortgagorMortgagor as provided in Section 9.9 of the Credit Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Lannett Co Inc)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or (other disposition of than contingent indemnification Obligations), and as otherwise provided in the Mortgaged Property permitted by Indenture and the Credit Intercreditor Agreement, Mortgagee, at Mortgagor’s 's expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: And Security Agreement (Interdent Inc)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Loan Agreement, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Term Loan Agreement (Hersha Hospitality Trust)

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Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations Obligations, or upon a sale or other disposition of the Mortgaged Property permitted by the Credit AgreementIndenture, Mortgagee, at Mortgagor’s expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Mortgage, Security Agreement (GXS Corp)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.. LASALLE HOTEL OPERATING PARTNERSHIP, L.P. SECOND AMENDED & RESTATED CREDIT AGREEMENT

Appears in 1 contract

Samples: Pledge and Security Agreement (LaSalle Hotel Properties)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by in accordance with the Credit Agreement, Mortgagee, at Mortgagor’s expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Credit Agreement (United Online Inc)

Release or Reconveyance. Upon payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s 's request and expense, shall promptly release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Credit Agreement (Minnesota Products Inc)

Release or Reconveyance. Upon payment in full of the Indebtedness (other than inchoate indemnification obligations) and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s request and expense, shall promptly release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Release or Reconveyance. Upon payment in full of the Loans and all other then accrued Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by in accordance with the provisions of the Credit Agreement, Mortgagee, at Mortgagor’s 's reasonable expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Credit Agreement (DMW Worldwide Inc)

Release or Reconveyance. Upon the Obligations Satisfaction Date or payment in full of the Indebtedness and performance in full of the Obligations or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Mortgagee, at Mortgagor’s request and expense, shall release the liens and security interests created by this Mortgage or reconvey the Mortgaged Property to Mortgagor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lannett Co Inc)

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