Common use of Release; Termination of Agreement Clause in Contracts

Release; Termination of Agreement. Subject to the provisions of Section 11(g), this Agreement shall terminate upon full and final payment and performance of all the Obligations. At such time, the Trustee shall, at the request and expense of Grantor, promptly reassign and redeliver to Grantor all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Trustee in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Trustee, except as to the absence of any prior assignments by the Trustee of its interest in the Collateral, and shall be at the expense of Grantor.

Appears in 3 contracts

Samples: Escrow Security Agreement (Echostar DBS Corp), Escrow Agreement (Echostar DBS Corp), Security Interest Pledge Agreement (Echostar DBS Corp)

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Release; Termination of Agreement. Subject to the provisions of Section 11(g12(g), this Agreement shall terminate upon full and final payment and performance of all the Obligations. At such time, the Trustee shall, at the request and expense of any Grantor, promptly reassign and redeliver to such Grantor all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Trustee in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Trustee, except as to the absence of any prior assignments by the Trustee of its interest in the Collateral, and shall be at the expense of Grantor.

Appears in 2 contracts

Samples: Consent and Agreement (Echostar DBS Corp), Escrow Agreement (Echostar DBS Corp)

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Release; Termination of Agreement. Subject to the provisions of Section 11(g12(g), this Agreement shall terminate upon full and final payment and performance of all the Obligations. At such time, the Trustee shall, at the request and expense of Grantor, promptly reassign and redeliver to Grantor all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Trustee in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Trustee, except as to the absence of any prior assignments by the Trustee of its interest in the Collateral, and shall be at the expense of Grantor.

Appears in 2 contracts

Samples: Escrow Agreement (Echostar DBS Corp), Satellite Security Agreement (Echostar DBS Corp)

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