Common use of Release Upon Payment in Full Clause in Contracts

Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the Administrative Agent has (i) retransferred and delivered all Collateral in its possession to the Grantors, and (ii) executed a written release or termination statement and reassigned to the Grantors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the sale, transfer or other disposition of Collateral permitted pursuant to the terms of Section 9.12 of the Credit Agreement, the Administrative Agent, at the written request and expense of the Borrower, will promptly release such Collateral to the Grantors. Additionally, upon the complete payment of the Obligations, the termination of the Credit Agreement and the total Commitments and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be of no further force or effect.

Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the Administrative Agent has (i) retransferred and delivered all Collateral in its possession to the Grantors, and (ii) executed a written release or termination statement and reassigned to the Grantors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the sale, transfer or other disposition of Collateral permitted pursuant to the terms of Section 9.12 of the Credit Agreement, the Administrative Agent, at the written request and expense of the Borrower, will promptly release such Collateral to the Grantors. Additionally, upon the complete payment of the Obligations, the termination of the Letters of Credit, Permitted Hedging Agreements secured hereby, Credit Agreement and the total Commitments and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be of no further force or effect.

Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the termination of this Agreement, at which time the Administrative Agent has shall (i) retransferred retransfer and delivered deliver all Collateral in its possession to the Grantors, and (ii) executed execute a written release or termination statement and reassigned to the Grantors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the sale, transfer or other disposition of Collateral permitted pursuant to the terms of Section 9.12 of the Credit Agreement, the Administrative Agent, at the written request and expense of the Borrower, will promptly release such Collateral to the Grantors. Additionally, upon the complete payment of the ObligationsSecured Obligations (other than amounts in respect of indemnification, expense, reimbursement, yield protection or tax gross-up for which no claim has been made), the termination of the Credit Hedging Arrangements, the Loan Agreement and the total Commitments and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be terminated and of no further force or effect.

Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the Administrative Agent has (i) retransferred and delivered all Collateral in its possession to the Grantors, and (ii) executed a written release or termination statement and reassigned to the Grantors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the sale, transfer or other disposition of Collateral permitted pursuant to the terms of Section 9.12 of the Credit Agreement, the Administrative Agent, at the written request and expense of the Borrower, will promptly release such Collateral to the Grantors. Additionally, upon the complete payment of the Obligations, the termination of the Letters of Credit, Secured Swap Agreements secured hereby, Credit Agreement and the total Commitments and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be of no further force or effect.

Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the termination of this Agreement, at which time the Administrative Agent has shall (i) retransferred retransfer and delivered deliver all Collateral in its possession to the Grantors, and (ii) executed execute a written release or termination statement and reassigned to the Grantors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the sale, transfer or other disposition of Collateral permitted pursuant to the terms of Section 9.12 of the Credit Agreement, the Administrative Agent, at the written request and expense of the Borrower, will promptly release such Collateral to the Grantors. Additionally, upon the complete payment of the ObligationsSecured Obligations (other than amounts in respect of indemnification, expense, reimbursement, yield protection or tax gross-up for which no claim has been made), the termination of the Letters of Credit (unless cash collateralized or backstopped), Secured Swap Agreements, Credit Agreement and the total Commitments and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be terminated and of no further force or effect.