Release of Pledgor. Upon the written request of Pledgor given at any time on or after the Release Date, Collateral Agent shall, at the expense of Pledgor, release Pledgor and the Collateral from the Security Interests of Pledgor. Upon such release Collateral Agent (a) at the request and expense of Pledgor, shall execute and deliver to Pledgor all such documentation, UCC termination statements and instruments as are necessary to release the Liens created pursuant to this Agreement and to terminate this Agreement, (b) authorizes Pledgor to prepare and file UCC termination statements terminating all of the financing statements filed in connection herewith and (c) agrees, at the request of Pledgor, to furnish, execute and deliver such documents, instruments, certificates, notices or further assurances as Pledgor may reasonably request as necessary or desirable to effect such termination and release, all at Pledgor’s expense.
Release of Pledgor. If in accordance with the terms and provisions of the Indenture, any Pledgor is designated by the Company to be an Unrestricted Subsidiary, then such Pledgor will be released and discharged from all of its obligations under its Guaranty of the Notes and the Indenture.
Release of Pledgor. Subject to satisfaction, or written waiver, of all conditions to defeasance set forth in the Loan Documents and, if applicable, confirmation from each of the Rating Agencies that the transactions contemplated by the Defeasance Documents will not result in a downgrade, qualification or withdrawal of the current rating of any of the Certificates or a failure to satisfy the criteria for defeasances established by each of the Rating Agencies, Pledgee hereby releases and discharges Pledgor from all claims, liabilities and obligations under the Loan Documents and the Defeasance Documents related to events first occurring or arising after the Closing Date, provided, however, Pledgor shall not be released from liability for any loss or damages suffered, or expenses incurred, by Pledgee, Intermediary or Successor Borrower as a result of or established pursuant to a claim, liability or obligation:
Release of Pledgor. This Agreement and all Obligations of the Pledgor ------------------ hereunder and all security interests granted hereby shall be released and terminated when all Obligations have been indefeasibly paid in full as provided in the Note. All rights in and to the Collateral pledged or assigned by the Pledgor hereunder shall automatically revert to the Pledgor, and the Pledgee shall return any pledged Collateral in its possession to the Pledgor, or to the Person or Persons legally entitled thereto, and shall endorse, execute, deliver, record and file all instruments and documents, including but not limited to termination of UCC financing statements, and do all other acts and things, reasonably required for the return of the Collateral to the Pledgor, or to the Person or Persons legally entitled thereto, and to evidence or document the release of the interests of Pledgee arising under this Agreement, all as reasonably requested by, and at the sole expense of, the Pledgor.
Release of Pledgor. Promptly following any release of any Pledgor from all of its Obligations (including any such release effecting by the operation of an express provision of the Guarantee providing for the release of such Obligations in specified circumstances), the Administrative Agent, without affecting in any manner whatsoever any of the Obligations of any other Pledgor or any of the Charges created by this Agreement over the Pledged Collateral of any other Pledgor, will release such Pledgor and the Pledged Collateral of such Pledgor then subject to the Charges created by this Agreement from this Agreement and from the Charges created by this Agreement. Upon such release, and at the request and expense of such Pledgor, the Administrative Agent shall execute and deliver such releases, discharges, instruments and resolutions as such Pledgor may reasonably request.
Release of Pledgor. Promptly following any release of any Pledgor from all of its Obligations, the Administrative Agent, without affecting in any manner whatsoever any of the Obligations of any other Pledgor or any of the Charges created by this Agreement over the Pledged Collateral of any other Pledgor, will release such Pledgor and the Pledged Collateral of such Pledgor then subject to the Charges created by this Agreement from this Agreement and from the Charges created by this Agreement. Upon such release, and at the request and expense of such Pledgor, the Administrative Agent shall execute and deliver such releases, discharges, instruments and resolutions as such Pledgor may reasonably request.
Release of Pledgor. Upon the written request of the Pledgor given at any time on or after the Release Date, the Creditor shall, at the expense of the Pledgor, release the Pledgor and the Collateral from the Security Interests. Upon such release, and at the request and expense of the Pledgor, the Creditor shall execute and deliver to the Pledgor such releases and discharges as the Pledgor may reasonably request.
Release of Pledgor. Promptly following any release of any Pledgor from all of its Liabilities (including any such release effected by the operation of an express provision of the Secured Credit Documents previously providing for the release of such Liabilities in specified circumstances), the Canadian DIP Collateral Agent, without affecting in any manner whatsoever any of the Liabilities of any other Pledgor or any of the Liens created by this Agreement over the Pledged Collateral of any other Pledgor, will release such Pledgor and the Pledged Collateral of such Pledgor then subject to the Liens created by this Agreement from this Agreement and from the Liens created by this Agreement. Upon such release, and at the request and expense of such Pledgor, the Canadian DIP Collateral Agent shall execute and deliver such releases, discharges, instruments and resolutions as such Pledgor may reasonably request.
Release of Pledgor. Subject to satisfaction, or written waiver, of all conditions to defeasance set forth in the Loan Documents and, if applicable, confirmation from each of the Rating Agencies that the transactions contemplated by the Defeasance Documents will not result in a downgrade, qualification or withdrawal of the current rating of any of the Certificates or satisfaction of the criteria for defeasances established by each of the Rating Agencies, Pledgee shall promptly release the Real Property from the lien of the Mortgage, and hereby releases and discharges Pledgor from all claims, liabilities and obligations under the Loan Documents and the Defeasance Documents related to events first occurring or arising after the transfer of the Pledged Collateral to Successor Borrower, provided, however, Pledgor shall not be released from liability for any loss or damages suffered, or expenses incurred, by Pledgee, Intermediary or Successor Borrower as a result of or established pursuant to a claim, liability or obligation:
Release of Pledgor. Subject to satisfaction, or written waiver, of all conditions to defeasance set forth in the Loan Documents, and, if applicable, confirmation from each of the Rating Agencies that the transactions contemplated by the Defeasance Documents will not result in a downgrade, qualification or withdrawal of the current rating of any of the Certificates or a failure to satisfy the criteria for defeasances established by each of the Rating Agencies. Mortgage Lender shall promptly assign without representation, warranty or recourse the Mortgage on the Real Property and the Mortgage Note to Pledgee, and Mortgage Lender hereby releases and discharges Pledgor and American Realty Capital New York Recovery REIT, Inc., Xxxxxxxx X. Xxxxxxxx and Xxxxxxx X. Xxxxxx (to the extent any such guarantor is liable, if any, collectively "Guarantor") from all claims, liabilities and obligations under the Loan Documents, with the exception of the Mortgage Note and the Mortgage on the Real Property, and the Defeasance Documents related to events first occurring or arising after the Closing Date, provided, however, Pledgor and Guarantor (to the extent liable, if any) shall not be released from liability for any loss or damages suffered, or expenses incurred, by Mortgage Lender, Intermediary or Successor Borrower as a result of or established pursuant to a claim, liability or obligation:
