Common use of Satisfaction and Cancellation Clause in Contracts

Satisfaction and Cancellation. (a) The conveyance to Trustee of the Property as security created and consummated by this Amended and Restated Deed of Trust shall be null and void when (i) all the Loan Document Obligations (other than contingent indemnification obligations for which no claim has been made) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero (or the only outstanding Letters of Credit have become subject to arrangements reasonably satisfactory to the Administrative Agent and the Issuing Lender) and the Issuing Lenders have no further obligations to issue Letters of Credit under the Credit Agreement and (ii) no payment of any amounts outstanding and due under any Hedging Agreement is, or after giving effect to such satisfaction and cancellation of this Amended and Restated Deed of Trust and of the security created and consummated hereby would be, then due and payable.

Satisfaction and Cancellation. (aj) The conveyance to Trustee Mortgagee of the Mortgaged Property as security created and consummated by this Amended and Restated Deed of Trust Mortgage shall be null and void when (i) all the Loan Document Obligations (other than contingent indemnification obligations for which no claim has been made) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero (or the only outstanding Letters of Credit have become subject to arrangements reasonably satisfactory to the Administrative Agent and the Issuing Lender) and the Issuing Lenders have no further obligations to issue Letters of Credit under the Credit Agreement and (ii) no payment of any amounts outstanding and due under any Hedging Agreement is, or after giving effect to such satisfaction and cancellation of this Amended and Restated Deed of Trust Mortgage and of the security created and consummated hereby would be, then due and payable.

Satisfaction and Cancellation. (a) The conveyance to Trustee Mortgagee of the Mortgaged Property as security created and consummated by this Amended and Restated Deed of Trust Mortgage shall be null and void when (i) all the Loan Document Obligations (other than contingent indemnification obligations for which no claim has been made) have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the aggregate L/C Exposure has been reduced to zero (or the only outstanding Letters of Credit have become subject to arrangements reasonably satisfactory to the Administrative Agent and the Issuing Lender) and the Issuing Lenders have no further obligations to issue Letters of Credit under the Credit Agreement and (ii) no payment of any amounts outstanding and due under any Hedging Agreement is, or after giving effect to such satisfaction and cancellation of this Amended and Restated Deed of Trust Mortgage and of the security created and consummated hereby would be, then due and payable.