Common use of Termination of Loan Agreement Clause in Contracts

Termination of Loan Agreement. Upon performance by the Borrower of all of its obligations under this Loan Agreement, including payment in full of the Final Loan Amount, all accrued interest and all fees, charges and other amounts due hereunder, this Loan Agreement will terminate, and DEQ will release its interest in any collateral given as security under this Loan Agreement.

Termination of Loan Agreement. Upon the Borrower’s performance by the Borrower of all of its obligations under this Loan Agreement, including payment in full of the Final Loan Amount, all accrued interest and all fees, charges and other amounts due hereunderdue, this Loan Agreement will terminate, and DEQ will release its interest in any collateral given as security under this Loan Agreement.