Common use of Termination of Interest in Collateral Clause in Contracts

Termination of Interest in Collateral. No Lender shall have any further interest in, or other right with respect to, the Collateral when and if the Original Amount of, and interest on and other amounts due under all Equipment Notes held by such Lender and all other Secured Obligations have been paid in full and this Mortgage has been terminated as provided in Section 8.1.

Termination of Interest in Collateral. No Lender shall have any further interest in, or other right with respect to, the Collateral when and if the Original Amount of, and interest on and other amounts due under all Equipment Notes held by such Lender and all other sums then due and payable to such Lender (to the extent secured hereby), or Mortgagee hereunder and under the other Operative Agreements by Borrower (collectively, the “Secured Obligations Obligations”) have been paid in full and this Mortgage has been terminated as provided in Section 8.1full.

Termination of Interest in Collateral. No Lender shall have any no further interest in, or other right with respect to, the Collateral when and if the Original Amount principal amount of, interest and interest any Prepayment Premium, if any, on and other amounts due under all Equipment Notes held by such Lender the Note and all other Secured Obligations sums payable to Lender hereunder and under the Note shall have been paid in full and this Mortgage has been terminated as provided in Section 8.1full.