Release of Mortgaged Property. Provided no Default or Event of Default shall have occurred hereunder and be continuing (or would exist immediately after giving effect to the transactions contemplated by this §5.4), the Agent and the Required Lenders shall release a Mortgaged Property from the lien or security title of the Security Documents encumbering the same upon the request of the Borrower subject to and upon the following terms and conditions:
Release of Mortgaged Property. (i) Subordinate Lender consents to and authorizes any future release by Senior Lender of all or any portion of the Mortgaged Property from the lien, operation, and effect of the Senior Loan Documents. Subordinate Lender waives to the fullest extent permitted by law, all equitable or other rights it may have in connection with the release of all or any portion of the Mortgaged Property, including any right to require Senior Lender to do any of the following:
Release of Mortgaged Property. Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Mortgaged Property, or any interest therein, other than Funded Cash held by the Trustee, and the Trustee shall release all its right, title and interest in and to the same from the Lien hereof, upon receipt by the Trustee of:
Release of Mortgaged Property. (a) This Mortgage shall terminate and thereafter be of no further force or effect (except as provided in Section 4.03) as follows:
Release of Mortgaged Property. (i) Equity Bridge Lender consents to and authorizes any future release by Senior Lender or Funding Lender of all or any portion of the Mortgaged Property from the lien, operation, and effect of the Senior Loan Documents. Equity Bridge Lender waives to the fullest extent permitted by law, all equitable or other rights it may have in connection with the release of all or any portion of the Mortgaged Property, including any right to require Senior Lender or Funding Lender to do any of the following:
Release of Mortgaged Property. (a) This Mortgage shall cease, terminate and thereafter be of no further force or effect (except as provided in Section 4.03) upon payment in full of all Secured Obligations, the expiration of all Letters of Credit issued under the Credit Agreement and the termination of all Commitments under the Credit Agreement. At any time and from time to time prior to such termination of this Mortgage, the Mortgagee may release any of the Mortgaged Property with the consent of the Required Banks, provided that if such release is in connection with the release of all or substantially all of the collateral granted to secure the Secured Obligations, such release shall require the consent of all Banks. In addition, the Mortgagee shall release any and all Mortgaged Property required in connection with any transaction, or sale, transfer, assignment or other disposition of the Mortgaged Property, consummated by the Mortgagor and not prohibited by any Loan Document, and shall be fully protected in relying on a certificate of an authorized officer of the Mortgagor to such effect.
Release of Mortgaged Property. When the Note has been fully paid and all obligations under the Loan Agreement and this Deed of Trust have been fully paid or satisfied, the Issuer shall promptly, at the Company’s expense, execute and deliver a deed of release with respect to this Deed of Trust and terminate the security interest of the Issuer in the Mortgaged Property.
Release of Mortgaged Property. (a) This Mortgage shall cease, terminate and thereafter be of no further force or effect in the event all of the Release Conditions shall have been satisfied.
Release of Mortgaged Property. The Trustee may release the Mortgaged Property or any part thereof from the lien and security interest of this Deed of Trust as may be agreed to between the Bank and the County.
Release of Mortgaged Property. (1) Upon payment in full of the Secured Obligations in respect of any Aircraft, the Mortgagee shall, upon the request of the Company, promptly execute and deliver to or as directed in writing by the Company an appropriate instrument releasing the Mortgaged Property relating to such Aircraft from the Lien of this Mortgage, and the Mortgagee shall execute and deliver such instrument as aforesaid; provided, that this Mortgage shall earlier terminate and this Mortgage shall be of no further force or effect upon any sale or final disposition by the Mortgagee of all the Mortgaged Property and the final distribution by the Mortgagee of all monies or other property or proceeds constituting part of the Mortgaged Property in accordance with the terms hereof. Except as aforesaid otherwise provided, this Mortgage and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.
