Common use of Satisfaction and Cancelation Clause in Contracts

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Banks have no further obligations to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Banks have Bank has no further obligations obligation to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Banks have no further obligations to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all upon the Obligations have been indefeasibly paid payment in full in accordance with the terms cash of the Loans and all the other Loan Documents Obligations (other than unasserted contingent and the Lenders have no further commitment indemnification obligations), termination of all Commitments and Incremental Revolving Commitments and reduction of all exposure under any letters of credit issued under and pursuant to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced Agreement to zero and (or the Issuing Banks have no further obligations making of other arrangements satisfactory to issue Letters of Credit under the Credit Agreementissuers thereof).

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and zero, the Issuing Banks have Bank has no further obligations obligation to issue Letters of Credit under the Credit AgreementAgreement and the satisfaction and discharge requirements set forth in the Indentures have been satisfied.

Satisfaction and Cancelation. (a) The conveyance to the Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Credit Agreement Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has Obligations have been reduced to zero and the Issuing Banks L/C Issuers have no further obligations to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Secured Obligations (as defined in the Security Agreement) have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend make Loans under the Credit Agreement, the aggregate L/C Exposure has Obligations have been reduced to zero and the Issuing Banks L/C Issuers have no further obligations to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend make Loans under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero no Letters of Credit are outstanding and the Issuing Banks have Bank has no further obligations obligation to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security security, created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and full, the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Banks have Bank has no further obligations obligation to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend make Loans under the Credit Agreement, the aggregate L/C Exposure has Obligations have been reduced to zero and the Issuing Banks L/C Issuers have no further obligations to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The a)The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Loan Document Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Banks have no further obligations to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Loan Document Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero and the Issuing Banks have no further obligations to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security security, created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend make Loans under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero no Letters of Credit are outstanding and the Issuing Banks have Bank has no further obligations obligation to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend make Loans under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero no Letters of Credit are outstanding and the Issuing Banks have Bank has no further obligations obligation to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) [The conveyance security interest granted to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to lend make Loans under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero no Letters of Credit are outstanding and the Issuing Banks have Bank has no further obligations obligation to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancelation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall terminate and be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Credit Documents and the Lenders have no further commitment to lend make Loans under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero no Letters of Credit are outstanding and the Issuing Banks have Bank has no further obligations obligation to issue Letters of Credit under the Credit Agreement.