Common use of Release Upon Payment in Full Clause in Contracts

Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the Administrative Agent has (i) retransferred and delivered all Collateral in its possession to the Grantors, and (ii) executed a written release or termination statement and reassigned to the Grantors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the complete payment of the Obligations and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be of no further force or effect.

Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the Administrative Collateral Agent has (i) retransferred and delivered all Collateral in its possession to the GrantorsObligors, and (ii) executed a written release or termination statement and reassigned to the Grantors Obligors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon At such time as the complete payment of the Borrower Obligations shall have been paid in full in cash and the compliance by the Grantors with all covenants and agreements hereofCommitments have been terminated, the Administrative Collateral Agent, at the written request and expense of the BorrowerBorrowers, will promptly release, reassign and transfer the Collateral to the Grantors Obligors and declare this Agreement to be of no further force or effect, subject to the reinstatement provisions set forth herein.

Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the Administrative Collateral Agent has (i) retransferred and delivered all Collateral in its possession to the Grantors, and (ii) executed a written release or termination statement and reassigned to the Grantors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the complete payment of the Obligations and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Collateral Agent, at the written request and expense of the BorrowerIssuer, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be of no further force or effect.

Release Upon Payment in Full. The grant of a security interest hereunder and all of the rights, powers and remedies in connection herewith shall remain in full force and effect until the Administrative Agent has (i) retransferred and delivered all Collateral in its possession to the GrantorsObligors, and (ii) executed a written release or termination statement and reassigned to the Grantors Obligors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon At such time as the complete payment Payment in Full of the Obligations and the compliance by termination of the Grantors with all covenants and agreements hereofCommitments, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors Obligors and declare this Agreement to be of no further force or effect, subject to the reinstatement provisions set forth herein.