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: Second Lien Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing Statement (Green Plains Inc.), Second Lien Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing Statement (Green Plains Inc.), Second Lien Mortgage (Green Plains Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!