Common use of Release; Termination of Agreement Clause in Contracts

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

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

Release; Termination of Agreement. Subject to the provisions of Section 6.7 11.8 hereof, this Security Agreement shall terminate upon full and final payment and performance of all the Obligations and the occurrence of the Facility Termination DateObligations. At such time, the Collateral Agent shall, at the request and expense of the GrantorBorrower, promptly reassign and redeliver to the Grantor Borrower all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Collateral Agent Agent, for its benefit and the benefit of the Lenders, in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Collateral Agent, except as to the absence of any prior assignments by the Collateral Agent of its interest in the Collateral, and shall be at the expense of the GrantorBorrower.