Common use of Satisfaction of Mortgage Clause in Contracts

Satisfaction of Mortgage. Upon full payment and performance of all the Obligations Secured, or upon satisfaction of the conditions set forth in the Term Loan Intercreditor Agreement for release of the Mortgaged Property from this Mortgage, then the Pari Passu Agent shall, promptly upon request of the Mortgagor, execute and deliver to the Mortgagor a satisfaction of mortgage or reconveyance of the Mortgaged Property reasonably acceptable to the Mortgagor.

Appears in 13 contracts

Samples: Security Agreement and Fixture Filing Statement (Green Plains Inc.), Security Agreement and Fixture Filing Statement (Green Plains Inc.), Security Agreement and Fixture Filing Statement (Green Plains Inc.)

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