Common use of Termination of Interest Clause in Contracts

Termination of Interest. The Lender shall have no further interest in, or other right with respect to, any Equipment when and if the principal amount of and interest on all the Notes and all other sums payable to the Lender hereunder and under such Notes shall have been paid in full. The Lender shall provide the Trustee notice of the termination of this Agreement promptly following the payment in full of the principal amount of and interest on the Notes and all other sums payable to the Lender hereunder.

Termination of Interest. The Lender shall have no further interest in, or other right with respect to, any Equipment when and if the principal amount of and interest on all the Notes and all other sums payable to the Lender hereunder and under such Notes shall have been paid in full. The Lender shall provide the Trustee notice of the termination of this Agreement promptly following the payment in full of the principal amount of and interest on the Notes and all other sums payable to the Lender hereunder.