Common use of Release Upon Payment Clause in Contracts

Release Upon Payment. Upon payment by the Borrower of all of the Obligations and performance of all other obligations of the Borrower under the Credit Documents, the Security Agent shall, at the expense of the Borrower, execute and deliver such discharges, releases and other documents as may reasonably be required to release and discharge the Security. Partial repayment of the Obligations shall not entitle the Borrower to the release or discharge of the Security, in whole or in part.