Common use of Termination or Release Clause in Contracts

Termination or Release. (a) This Pledge Agreement shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has no further commitment to lend under the Bonds, and at such time the Lien hereof shall be released. (b) Upon any withdrawal, substitution or other disposal by the Borrower of any Pledged Collateral that is permitted by the terms of this Pledge Agreement, or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged Collateral, the Lien hereof securing such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrower, at the Borrower’s expense, all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement and the security interests granted hereby shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has Lenders have no further commitment to lend under the BondsCredit Agreement, the LC Exposure has been reduced to zero and at such time the Lien hereof shall be releasedIssuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement. (b) Upon any withdrawal, substitution sale or other disposal transfer by the Borrower any Pledgor of any Pledged Collateral that is permitted by under the terms of this Pledge AgreementCredit Agreement to any person that is not a Pledgor, or or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged CollateralCollateral pursuant to the Credit Agreement, the Lien hereof securing security interest in such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) ), the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrowerany Pledgor, at the Borrower’s such Pledgor's expense, all documents that the Borrower such Pledgor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 14 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement and the security interests granted hereby shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has Lenders have no further commitment to lend under the BondsCredit Agreement, the L/C Exposure has been reduced to zero and at such time the Lien hereof shall be releasedIssuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement. (b) Upon any withdrawal, substitution sale or other disposal transfer by the Borrower any Pledgor of any Pledged Collateral that is permitted by under the terms of this Pledge AgreementCredit Agreement to any Person that is not a Pledgor, or or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged CollateralCollateral pursuant to Section 9.02 of the Credit Agreement, the Lien hereof securing security interest in such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) ), the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrowerany Pledgor, at the Borrower’s such Pledgor's expense, all documents that the Borrower such Pledgor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 14 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement and the security interests granted hereby shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has Lenders have no further commitment to lend under the BondsCredit Agreement, the LC Exposure has been reduced to zero and at such time the Lien hereof shall be releasedIssuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement. (b) Upon any withdrawal, substitution sale or other disposal transfer by the Borrower any Pledgor of any Pledged Collateral that is permitted by under the terms of this Pledge AgreementCredit Agreement to any Person that is not a Pledgor, or or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged CollateralCollateral pursuant to Section 9.02 of the Credit Agreement, the Lien hereof securing security interest in such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) or Section 17, the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrowerany Pledgor, at the Borrower’s such Pledgor's expense, all documents that the Borrower such Pledgor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 14 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement and the security interests granted hereby shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has Lenders have no further commitment to lend under the BondsCredit Agreement, the L/C Exposure has been reduced to zero and at such time the Lien hereof shall be releasedFronting Banks have no further obligation to issue Letters of Credit under the Credit Agreement. (b) Upon any withdrawal, substitution sale or other disposal transfer by the Borrower any Pledgor of any Pledged Collateral that is permitted by under the terms of this Pledge AgreementCredit Agreement to any person that is not a Pledgor, or or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged CollateralCollateral pursuant to Section 9.08(b) of the Credit Agreement, the Lien hereof securing security interest in such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) ), the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrowerany Pledgor, at the Borrower’s such Pledgor's expense, all documents that the Borrower such Pledgor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 14 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement and the security interests granted hereby shall terminate on when all the date when the Collateral Agent receives an RUS Notice to the effect that all of the Secured Obligations have been indefeasibly paid in full and the Federal Financing Bank has Lenders have no further commitment to lend under the BondsCredit Agreement, the LC Exposure has been reduced to zero and at such time the Lien hereof shall be releasedIssuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement. (b) Upon any withdrawal, substitution sale or other disposal transfer by the Borrower Pledgors of any Pledged Nevada Collateral that is permitted by under the terms of this Pledge Credit Agreement to any person that is not a Pledgor (as such term is defined in the Credit Agreement), or or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged CollateralNevada Collateral pursuant to Section 10.02 of the Credit Agreement, the Lien hereof securing security interest in such Pledged Nevada Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) ), the Collateral Agent shall (i) promptly deliver to the Borrower applicable Pledgor all Nevada Collateral pledged to the Pledged Collateral Agent herein and shall (ii) execute and deliver to the Borrowerapplicable Pledgor, at the Borrowersuch Pledgor’s expense, all documents that the Borrower such Pledgor shall reasonably request from time to time to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 14 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has no further commitment to lend under the Bonds, and if applicable at such time the Lien hereof shall be released. (b) Upon any withdrawal, substitution or other disposal by the Borrower of any Pledged Collateral that is permitted by the terms of this Pledge Agreement, or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged Collateral, the Lien hereof securing such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrower, at the Borrower’s 's expense, all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement and the security interests granted hereby shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full in cash and the Federal Financing Bank has Lenders have no further commitment to lend under the BondsCredit Agreement, the LC Exposure has been reduced to zero and at such time the Lien hereof shall be releasedIssuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement. (b) Upon any withdrawal, substitution sale or other disposal transfer by the Borrower any Pledgor of any Pledged Collateral that is permitted by under the terms of this Pledge AgreementCredit Agreement to any person that is not a Pledgor, or or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged CollateralCollateral pursuant to Section 9.02(b) of the Credit Agreement, the Lien hereof securing security interest in such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) above, the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrowerany Pledgor, at the Borrower’s such Pledgor's expense, all documents that the Borrower such Pledgor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 14 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has no further commitment to lend under the Bonds, and if applicable at such time the Lien hereof shall be released. (b) Upon any withdrawal, substitution or other disposal by the Borrower of any Pledged Collateral that is permitted by the terms of this Pledge Agreement, or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged Collateral, the Lien hereof securing such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrower, at the Borrower’s expense, all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement and the security interests granted hereby shall terminate on when all the date when the Collateral Agent receives an RUS Notice Loan Document Obligations (other than contingent obligations for indemnification, expense reimbursement, tax gross-up or yield protection as to the effect that all of the Obligations which no claim has been made) have been indefeasibly paid in full and the Federal Financing Bank has Lenders have no further commitment to lend under the BondsCredit Agreement, the LC Exposure has been reduced to zero and at such time the Lien hereof shall be releasedIssuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement. (b) Upon any withdrawal, substitution sale or other disposal transfer by the Borrower any Pledgor of any Pledged Collateral that is permitted by under the terms of this Pledge AgreementCredit Agreement to any person that is not a Pledgor, or or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged CollateralCollateral pursuant to Section 10.02(b) of the Credit Agreement, the Lien hereof securing security interest in such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) ), the Collateral Agent shall (i) promptly deliver to Pledgor all Collateral pledged to the Borrower the Pledged Collateral Agent herein and shall (ii) execute and deliver to the Borrowerany Pledgor, at the Borrowersuch Pledgor’s expense, all documents that the Borrower such Pledgor shall reasonably request from time to time to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 14 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has no further commitment to lend under the BondsSeries C Bond, and if applicable at such time the Lien hereof shall be released. (b) Upon any withdrawal, substitution or other disposal by the Borrower of any Pledged Collateral that is permitted by the terms of this Pledge Agreement, or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged Collateral, the Lien hereof securing such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrower, at the Borrower’s expense, all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has no further commitment to lend under the BondsSeries E Bond, and if applicable at such time the Lien hereof shall be released. (b) Upon any withdrawal, substitution or other disposal by the Borrower of any Pledged Collateral that is permitted by the terms of this Pledge Agreement, or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged Collateral, the Lien hereof securing such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrower, at the Borrower’s expense, all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 shall be without recourse to or warranty by the Collateral Agent.

Termination or Release. (a) This Pledge Agreement shall terminate on the date when the Collateral Agent receives an RUS Notice to the effect that all of the Obligations have been indefeasibly paid in full and the Federal Financing Bank has no further commitment to lend under the BondsSeries D Bond, and if applicable at such time the Lien hereof shall be released. (b) Upon any withdrawal, substitution or other disposal by the Borrower of any Pledged Collateral that is permitted by the terms of this Pledge Agreement, or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Pledged Collateral, the Lien hereof securing such Pledged Collateral shall be automatically released. (c) In connection with any termination or release pursuant to paragraph (a) or (b) the Collateral Agent shall deliver to the Borrower the Pledged Collateral and shall execute and deliver to the Borrower, at the Borrower’s expense, all documents that the Borrower shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.10 shall be without recourse to or warranty by the Collateral Agent.