Common use of Termination of Liens Clause in Contracts

Termination of Liens. Upon payment in full in cash and performance of all of the Obligations (other than indemnification Obligations), termination of the Line of Credit Commitment, and a release of all existing and future claims (whether known or unknown) against Lender, and so long as no suits, actions, proceedings or claims are pending against any Indemnified Person asserting any damages, losses or liabilities that are Indemnified Liabilities, Lender shall promptly upon receipt of written request from Borrower deliver to Borrower termination statements, Lien releases and other documents necessary or appropriate to evidence the termination of the Liens securing payment of the Obligations.

Termination of Liens. Upon payment of all Loans in full in cash and performance of all of the Obligations (other than indemnification Obligations), termination of the Line of Credit Commitment, and a release of all existing and future claims (whether known or unknown) against Lender, and so long as no suits, actions, proceedings or claims are pending against any Indemnified Person asserting any damages, losses or liabilities that are Indemnified Liabilities, Lender shall promptly upon receipt of written request from Borrower Borrowers deliver to Borrower Borrowers such termination statements, Lien releases and other documents necessary or appropriate to evidence the termination of the Liens securing payment of the Obligations.

Termination of Liens. Upon the indefeasible payment in full in cash and performance of all of the Obligations (other than indemnification Obligations), termination of the Line of Credit Commitment, and a release of all existing and future claims (whether known or unknown) against Lender, and so long as no suits, actions, proceedings or claims are pending against any Indemnified Person asserting any damages, losses or liabilities that are Indemnified Liabilities, Lender shall promptly upon receipt of written request from Borrower Borrowers deliver to Borrower Borrowers termination statements, Lien releases and other documents necessary or appropriate to evidence the termination of the Liens securing payment of the Obligations.

Termination of Liens. Upon payment of the Loan in full in cash and performance of all of the Obligations (other than indemnification Obligations), termination of the Line of Credit Commitment, and a release of all existing and future claims (whether known or unknown) against Lender, and so long as no suits, actions, proceedings or claims are pending against any Indemnified Person asserting any damages, losses or liabilities that are Indemnified Liabilities, Lender shall promptly upon receipt of written request from Borrower Borrowers deliver to Borrower Borrowers such termination statements, Lien releases and other documents necessary or appropriate to evidence the termination of the Liens securing payment of the Obligations.