Common use of TERMINATION AND REASSIGNMENT Clause in Contracts

TERMINATION AND REASSIGNMENT. The term of this Agreement shall begin on the date of this Agreement and end on the date on which all Secured Obligations shall have been unconditionally and irrevocably paid and discharged. Upon termination of this Agreement, the Transferee shall, at the request and cost of the Transferor, promptly re-transfer to the Transferor all right, title, interest and benefit transferred hereunder and the security constituted hereby to the Transferee, and take such other actions as may be reasonably requested to effectuate such reassignment.

TERMINATION AND REASSIGNMENT. The term of this Agreement shall begin on the date of this Agreement and end on the date on which all Secured Obligations shall have been unconditionally and irrevocably paid and dischargeddischarged in. Upon termination of this Agreement, the Transferee shall, at the request and cost of the Transferor, promptly re-transfer to the Transferor all right, title, interest and benefit transferred hereunder and the security constituted hereby to the Transferee, and take such other actions as may be reasonably requested to effectuate such reassignment.