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 and termination of all obligations of the Secured Parties under the Credit Agreement (including all obligations to make revolving advances or to honor letters of credit issued thereunder) or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Grantee, at Grantor’s request and expense, shall cause this Deed to Secure Debt to be surrendered or cancelled of record.

Release or Reconveyance. Upon payment in full of the indebtedness Indebtedness and performance in full of the Obligations and termination of all obligations of the Secured Parties under the Credit Agreement (including all obligations to make revolving advances or to honor letters of credit issued thereunder) or upon a sale or other disposition of the Mortgaged Property permitted by the Credit Agreement, Grantee, Mortgage; at GrantorMortgagor’s request and expense, shall cause this Deed to Secure Debt Mortgage to be surrendered or cancelled of recordrecord in the manner provided by law.