Common use of Release; Termination of Agreement Clause in Contracts

Release; Termination of Agreement. Subject to the provisions of Section 6.7 of this Agreement, this Agreement shall terminate upon full and final indefeasible payment and performance of all the Obligations owing by the Debtor. At such time, the Agent shall, at the request of the Debtor, reassign and redeliver to the Debtor all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Agent in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Agent, except as to the absence of any prior assignments by the Agent of its interest in the Collateral, and shall be at the expense of the Debtor.

Release; Termination of Agreement. Subject to the provisions of Section 6.7 of this Agreement, this Agreement shall terminate upon the termination of the Guaranties and the full and final indefeasible payment and performance of all the Obligations owing by the Debtoreach Guarantor. At such time, the Agent shall, at the request of the Debtorany Guarantor, reassign and redeliver to the Debtor such Guarantor all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Agent in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Agent, except as to the absence of any prior assignments by the Agent of its interest in the Collateral, and shall be at the expense of the Debtorsuch Guarantor.