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.
Appears in 4 contracts
Samples: Credit Agreement (ATD Corp), Credit Agreement (ATD Corp), Credit Agreement (American Tire Distributors Holdings, Inc.)
Satisfaction and Cancellation. (a) The conveyance to the Mortgagee of the Encumbered Mortgaged Property as security and for the benefit of the Mortgagee created and consummated by this Mortgage shall be null and void when Discharge upon payment in full of Finance Obligations has occurredall Secured Obligations.
Appears in 1 contract
Samples: Mortgage, Security Agreement (Midamerican Energy Co)
