Satisfaction and Cancellation. (a) The conveyance to Mortgagee of the Mortgaged Property as security, created and consummated by this Mortgage shall 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 make Loans under the Credit Agreement.
Satisfaction and Cancellation. (a) The conveyance to the Mortgagee of the Encumbered Property as security and for the benefit of the Mortgagee created and consummated by this Mortgage shall be null and void when Discharge of Finance Obligations has occurred.
Satisfaction and Cancellation. (a) The conveyance to Trustee of the Property as security created and consummated by this Amended and Restated Deed of Trust shall be null and void when (i) all the Loan Document Obligations (other than contingent indemnification obligations for which no claim has been made) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero (or the only outstanding Letters of Credit have become subject to arrangements reasonably satisfactory to the Administrative Agent and the Issuing Lender) and the Issuing Lenders have no further obligations to issue Letters of Credit under the Credit Agreement and (ii) no payment of any amounts outstanding and due under any Hedging Agreement is, or after giving effect to such satisfaction and cancellation of this Amended and Restated Deed of Trust and of the security created and consummated hereby would be, then due and payable.
Satisfaction and Cancellation. 23 SECTION 3.06 Definitions................................................24 SECTION 3.07
Satisfaction and Cancellation. (a) The conveyance to the Mortgagee of the Encumbered Property as security and for the benefit of the Mortgagee created and consummated by this Mortgage shall be null and void when all the Finance Obligations (other than contingent liabilities that, by their nature, may accrue after principal and interest on the Loans have been repaid in full and after all Commitments terminate) have been indefeasibly paid in full in cash in accordance with the terms of the Credit Documents, the Commitments have been terminated, all L/C Disbursements have expired or been terminated and all have been reimbursed in full.
Satisfaction and Cancellation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall be null and void when (i) all the Obligations (other than Obligations in respect of Hedging Agreements and contingent indemnities and expense reimbursement obligations to the extent no claim therefor has been made) have been paid in full, (ii) the Lenders have no further commitment to lend under the Credit Agreement and (iii) the Letters of Credit have been canceled or have expired and all L/C Disbursements shall have been reimbursed.
Satisfaction and Cancellation. (a) This Mortgage and all other security interests granted hereby shall terminate when all the Mortgaged-Secured Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement.
Satisfaction and Cancellation. (a) The conveyance to Trustee or Beneficiary of the Trust Property created and consummated by this Deed of Trust shall 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 make Loans under the Credit Agreement, no Letters of Credit are outstanding and the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.
Satisfaction and Cancellation. (a) This Mortgage and all other security interests granted hereby shall terminate with respect to all Obligations shall be automatically released when all the outstanding Obligations (in each case other than (x) obligations under Secured Hedge Agreements not yet due and payable, (y) Cash Management Obligations not yet due and payable and (z) contingent indemnification obligations not yet accrued and payable) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the Outstanding Amount of L/C Obligations have been reduced to zero and the L/C Issuers have no further obligations to issue Letters of Credit under the Credit Agreement.
Satisfaction and Cancellation. (a) The conveyance to Mortgagee of the Mortgaged Property as security created and consummated by this Mortgage shall be automatically released upon the earlier of the Mechanical Completion Funding or Tranche Discharge Date for the Project to which the Mortgaged Property relates. Upon a release of Mortgagor in accordance with Section 1.3 of the Credit Agreement and Section 4.16 of the Security Agreement, Mortgagee shall execute, at Mortgagor’s expense, all documents reasonably requested by Mortgagor to release the lien of this Mortgage, subject to, if reasonably requested by Mortgagee, Mortgagee’s receipt of a certificate by Mortgagor stating that such transaction is in compliance with the Credit Agreement.
