Common use of Termination of Assignment Clause in Contracts

Termination of Assignment. Upon payment in full of the Debt, this Assignment shall become and be void and of no effect and Lender shall, upon request of Borrower, execute a termination thereof in form and substance acceptable to Lender in all respects.

Appears in 2 contracts

Samples: Koger Equity Inc, Koger Equity Inc

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Termination of Assignment. Upon payment in full of the DebtIndebtedness, this Assignment shall become and be void and of no effect and Lender shalland, upon request of BorrowerAssignor, execute Lender shall deliver a termination thereof of this Assignment, duly executed and in form and substance acceptable to Lender in all respectsfor recording.

Appears in 1 contract

Samples: Assignment Agreement (Standard Microsystems Corp)

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Termination of Assignment. Upon payment in full of the Debtobligations of Borrower to Lender and the delivery and recording of a satisfaction or discharge of the Mortgage duly executed by Lender, this Assignment shall become null and be void and shall be of no effect further force and Lender shall, upon request of Borrower, execute a termination thereof in form and substance acceptable to Lender in all respectseffect.

Appears in 1 contract

Samples: Loan Agreement

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