Common use of Release of Mortgage and Termination of Assignments and Financing Statements Clause in Contracts

Release of Mortgage and Termination of Assignments and Financing Statements. If and when Borrower has paid and performed all of the Obligations, and no further advances are to be made under the Credit Agreement, Beneficiary will provide a release of the Property from the lien of this Mortgage and termination statements for filed financing statements, if any, to Mortgagor. Mortgagor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in shall automatically terminate and become null and void.

Release of Mortgage and Termination of Assignments and Financing Statements. If and when Borrower has paid and performed all of the Obligations, and no further advances are to be made under the Credit Loan Agreement, Beneficiary Mortgagee will promptly provide a release of the Property from the lien of this Mortgage and termination statements for filed financing statements, if any, to Mortgagor. Mortgagor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Mortgage and Termination of Assignments and Financing Statements. If and when Borrower Mortgagor has paid and performed all of the Obligations, and no further advances are to be made under the Credit Loan Agreement, Beneficiary will provide a release of the Property from the lien of this Mortgage and termination statements for filed financing statements, if any, to Mortgagor. Mortgagor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Mortgage and Termination of Assignments and Financing Statements. If and when Borrower has paid and performed all of the Obligations, and no further advances are to be made under the Credit Junior Loan Agreement, Beneficiary Lender will provide a release of the Property from the lien of this Mortgage and termination statements for filed financing statements, if any, to MortgagorBorrower. Mortgagor Borrower shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments assignment set forth in Section 1.2 shall automatically terminate and become null and void.

Release of Mortgage and Termination of Assignments and Financing Statements. If and when Borrower Mortgagor has paid and performed all of the Obligations, and no further advances are to be made under the Credit Loan Agreement, Beneficiary Mortgagee will promptly provide a release of the Property from the lien of this Mortgage and termination statements for filed financing statements, if any, to Mortgagor. Mortgagor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Mortgage and Termination of Assignments and Financing Statements. If and when Borrower Mortgagor has paid and performed all of the Obligations, and no further advances are to be made under the Credit Loan Agreement, Beneficiary Mortgagee will provide a release of the Property from the lien of this Mortgage and termination statements for filed financing statements, if any, to Mortgagor. Mortgagor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Mortgage and Termination of Assignments and Financing Statements. If and when Borrower Xxxxxxxxx has paid and performed all of the Obligations, and no further advances are to be made under the Credit Loan Agreement, Beneficiary Mortgagee will provide a release discharge of the Property from and a release of the lien of this Mortgage and termination statements for filed financing statements, if any, to Mortgagor. Mortgagor shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.

Release of Mortgage and Termination of Assignments and Financing Statements. If and when Borrower the Letter of Credit has expired or been terminated and the Company has paid and performed all of the Secured Obligations, and no further advances are to be made under the Credit AgreementRelated Documents, Beneficiary the Collateral Agent will provide a release of the Property from the lien of this Mortgage and termination statements for filed financing statements, if any, to Mortgagorthe Company. Mortgagor The Company shall be responsible for the recordation of such release and the payment of any recording and filing costs. Upon the recording of such release and the filing of such termination statements, the absolute assignments set forth in Section 2.2 shall automatically terminate and become null and void.