Common use of Termination; Collateral Clause in Contracts

Termination; Collateral. This Base Indenture, and any grants, pledges and assignments hereunder, shall become effective concurrently with the issuance of the first Series of Notes and shall terminate when all Note Obligations have been fully paid and satisfied, at which time the Trustee, at the request of HVF II and upon receipt of an Officer’s Certificate of HVF II to the effect that all Note Obligations have been fully paid and satisfied, shall reassign (without recourse upon, or any representation or warranty whatsoever by, the Trustee) and deliver all Collateral and documents then in the custody or possession of the Trustee promptly to HVF II.