Common use of Termination of Security Interests; Release of Collateral Clause in Contracts

Termination of Security Interests; Release of Collateral. Upon payment in full of all Obligations, the security interest created hereby shall terminate. Upon such termination of the security interest or release of any Collateral, Lender will, at the expense of Borrower, execute and deliver to Borrower such documents as Borrower shall reasonably request to evidence the termination of the security interest or the release of such Collateral which has not yet theretofore been sold or otherwise applied or released. Such release shall be without warranty or recourse to Lender, except as to the absence of any prior assignments by Lender on behalf of its interest in the Collateral, as the case may be.

Termination of Security Interests; Release of Collateral. Upon payment the repayment and performance in full of all the Obligations, the security interest interests created hereby under the Security Agreement contained herein shall terminateterminate and Lender shall reassign and deliver to Borrower the Collateral. Upon any such termination of the such security interest interests or release of any Collateral, Lender will, at Borrower’s expense to the expense of Borrowerextent permitted by law, execute and deliver to Borrower such documents as Borrower shall reasonably request to evidence the termination of the such security interest interests or the release of such Collateral which has not yet theretofore been sold or otherwise applied or released. Such release shall be without warranty or recourse to Lender, except as to the absence of any prior assignments by Lender on behalf of its interest in the Collateral, as the case may be.

Termination of Security Interests; Release of Collateral. Upon payment in full of all Obligationsthe obligations of the Obligors hereunder, the security interest created hereby shall terminate. Upon such termination of the security interest or release of any Collateral, Lender will, at the expense of Borrower, Agent will execute and deliver to Borrower the Obligors such documents as Borrower the Obligors shall reasonably request to evidence the termination of the security interest or the release of such Collateral which has not yet theretofore been sold or otherwise applied or released. Such release shall be without warranty or recourse to LenderHolder, except as to the absence of any prior assignments by Lender Holder on behalf of its interest in the Collateral, as the case may be.