Common use of Satisfaction and Cancellation Clause in Contracts

Satisfaction and Cancellation. (a) The conveyance to Mortgagee of the Mortgaged Property as security, created and consummated by this Mortgage shall be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to make Loans under the Credit Agreement.

Satisfaction and Cancellation. (a) The conveyance mortgaging to the Mortgagee of the Mortgaged Property as security, security and for the benefit of the Mortgagee created and consummated by this Mortgage shall be null and void when all the Obligations (other than contingent liabilities that, by their nature, may accrue after principal and interest the Obligations have been repaid in full) have been indefeasibly paid in full in cash in accordance with the terms of the Loan Financing Documents and the Lenders all Commitments have no further commitment to make Loans under the Credit Agreementbeen terminated.

Satisfaction and Cancellation. (a) The Except as otherwise provided in the Credit Agreement, the conveyance to Mortgagee of the Mortgaged Property as security, created and consummated by this Mortgage shall be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to make Loans under the Credit Agreement, no Letters of Credit are outstanding and the Issuing Lender has no further obligation to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancellation. (a) The conveyance to Mortgagee of the Mortgaged Property as security, created and consummated by this Mortgage shall be null and void and this Mortgage shall be cancelled and surrendered when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents Note Purchase Agreements and the Lenders have no further commitment to make Loans under the Credit AgreementNotes.

Satisfaction and Cancellation. (a) The conveyance to Mortgagee of the Mortgaged Property as security, created and consummated by this Mortgage shall be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to make Loans under the Credit Agreement, no Letters of Credit are outstanding and the Issuing Lender has no further obligation to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancellation. (a) The conveyance to Mortgagee of the Mortgaged Property as security, security created and consummated by this Mortgage shall be null and void when all the Obligations (other than contingent indemnification obligations for which no claim has been made) have been indefeasibly paid in full in accordance with the terms of the Loan Documents and the Lenders have no further commitment to make Loans lend under the Credit Agreement.

Satisfaction and Cancellation. (a) The conveyance to Mortgagee of the Mortgaged Property as security, created and consummated by this Mortgage shall be null and void when all the Obligations have been indefeasibly paid in full in accordance with the terms of the Loan Documents and full, the Lenders have no further commitment to make Loans lend, the Revolving L/C Exposure has been reduced to zero and the Fronting Bank has no further commitment to issue Letters of Credit under the Credit Agreement.

Satisfaction and Cancellation. (a) . (a) The conveyance to Mortgagee of the Mortgaged Property as security, security created and consummated by this Mortgage shall be null and void when all the Obligations under the Credit Documents have been indefeasibly paid in full in accordance with the terms of the Loan Credit Documents and the Lenders have no further commitment to make Loans under the Credit Agreement, no Letters of Credit are outstanding and the Letter of Credit Issuer has no further obligation to issue Letters of Credit under the Credit Agreement.