Common use of Termination; Release Clause in Contracts

Termination; Release. When all of the Secured Obligations have been satisfied, performed in full, and released, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance Documents, Pledgee shall upon the request and at the sole cost and expense of Pledgor forthwith assign, transfer and deliver, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) such of the Pledged Collateral to be released as may be in possession of Pledgee or Intermediary and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) proper instruments (including UCC termination statements) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Banks to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor Pledgor, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in the possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations -------------------- have been satisfied, performed paid in full, full and releasedthe Commitments of the Banks to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor Pledgor, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in the possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed indefeasibly paid in full, full in cash and releasedall of the Revolving Loan Commitments of the Lenders to make any Loan or to issue (or cause a bank to issue) any Letter of Credit under the Loan Agreement have expired, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsLoan Agreement, Pledgee shall the Agent shall, upon the request and at the sole cost and expense of Pledgor any Pledgor, forthwith assign, transfer and deliverdeliver to such Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Agent, such of the Pledged Collateral pledged by it to be released (in the case of a release) as may be in the possession of Pledgee or Intermediary Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC including, without limitation, Uniform Commercial Code termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Lenders to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall the Administrative Agent shall, upon the request and at the sole cost and expense of Pledgor the Pledgors, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Administrative Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Administrative Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsstatements or releases) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Banks to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor Pledgor, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in the possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.. DRAFT: March 21, 1997 H:\WPCDOCS\1186\141481

Termination; Release. When all of the Secured Obligations have been satisfied, performed indefeasibly paid in full, full and releasedthe Commitments of the Banks to make any Loan under the Credit Agreement shall have expired, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor the applicable Pledgor, forthwith assign, transfer and deliverdeliver to such Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in the possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, on the order of and (ii) at the sole cost and expense of such Pledgor, and proper instruments (including UCC termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Banks to make any Loan or to issue any Letter of Credit under the Amended and Restated Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsAmended and Restated Credit Agreement, Pledgee shall Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor Pledgor, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, and released, full this Agreement shall terminate. Upon termination of this Agreement the Pledged Collateral shall be released from the Lien of this Agreement. Upon such release or any release of Pledged Collateral or any part thereof in accordance with the provisions of the Defeasance DocumentsBridge Notes, Pledgee shall the Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor forthwith the Pledgors, assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Collateral Agent except as to the fact that the Collateral Agent has not encumbered the released assets, such of the Pledged Collateral or any part thereof to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsfinancing statements or releases) acknowledging the termination of this Agreement hereof or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all Upon the occurrence of the Secured Obligations have been satisfied, performed in full, and releasedTermination Date, this Agreement shall terminate. Upon termination of this Agreement the Collateral shall be released from the Lien of this Agreement. Upon such release or any release of Pledged Collateral or any part thereof in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall the Collateral Agent shall, upon the request and at the sole cost and reasonable expense of Pledgor forthwith the Pledgors, assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Collateral Agent except as to the fact that the Collateral Agent has not encumbered the released assets, such of the Pledged Collateral or any part thereof to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsstatements or releases) acknowledging the termination of this Agreement hereof or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, and released, full this Agreement shall terminate. Upon termination of this Agreement the Pledged Collateral shall be released from the Lien of this Agreement. Upon such release or any release of Pledged Collateral or any part thereof in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall the Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor forthwith the Pledgors, assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Collateral Agent except as to the fact that the Collateral Agent has not encumbered the released assets, such of the Pledged Collateral or any part thereof to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsfinancing statements or releases) acknowledging the termination of this Agreement hereof or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all The Pledged Collateral shall be released from the Lien of this Agreement in accordance with the provisions of the Secured Obligations have been satisfied, performed in full, and released, this Agreement shall terminateLoan Documents. Upon termination of this Agreement hereof or any release of Pledged Collateral in accordance with the provisions of the Defeasance Loan Documents, Pledgee shall the Collateral Trustee shall, subject to the Collateral Trust Agreement, upon the request and at the sole cost and expense of Pledgor forthwith the Pledgors, assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Collateral Trustee except as to the fact that the Collateral Trustee has not encumbered the released assets, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Collateral Trustee and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsstatements or releases) acknowledging the termination of this Agreement hereof or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Lenders to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall the Administrative Agent shall, upon the request and at the sole cost and expense of Pledgor Pledgor, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Administrative Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Administrative Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsstatements or releases) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Banks to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor the Pledgors, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all the Initial Loans have been paid in full in accordance with Section 2.03(c) of the Secured Obligations have Credit Agreement or the Collateral has been satisfiedreleased to Pledgor in accordance with Section 2.16(b)(i) of the Credit Agreement, performed in full, thereafter any remaining Collateral shall be returned to the Pledgor and released, this Agreement shall terminateautomatically terminate without recourse to or warranty by Bank or Administrative Agent. Upon termination of this Agreement the Collateral shall be released from the Lien of this Agreement. Upon such release or any release of Pledged Collateral or any part thereof in accordance with the provisions of this Agreement, the Defeasance DocumentsBank shall, Pledgee shall upon the request and at the sole cost and expense of Pledgor forthwith Pledgor, assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Bank except as to the fact that the Bank has not encumbered the released assets, such of the Pledged Collateral or any part thereof to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Bank and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsfinancing statements or releases) acknowledging the termination of this Agreement hereof or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Banks to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor Pledgor, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Banks to make any Loan or to issue any Letter of Credit under the Credit Agreement have expired, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall the Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor any Pledgor, forthwith assign, transfer and deliverdeliver to such Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral pledged by it to be released (in the case of a release) as may be in the possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC including, without limitation, Uniform Commercial Code termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, and released, full this Agreement shall terminate. Upon termination of this Agreement the Pledged Collateral shall be released from the Lien of this Agreement. Upon such release or any release of Pledged Collateral or any part thereof in accordance with the provisions of the Defeasance DocumentsIndenture, Pledgee shall the Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor forthwith the Pledgors, assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Collateral Agent except as to the fact that the Collateral Agent has not encumbered the released assets, such of the Pledged Collateral or any part thereof to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsfinancing statements or releases) acknowledging the termination of this Agreement hereof or the release of such Pledged Collateral, as the case may be.

Termination; Release. (a) When all of the Secured Obligations have been satisfied, performed paid in full, and released, this Agreement shall terminate. Upon termination of this Agreement the Pledged Collateral shall be released from the Lien of this Agreement. Upon such release or any release of Pledged Collateral or any part thereof in accordance with the provisions of the Defeasance DocumentsIndenture, Pledgee shall the Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor forthwith the Pledgors, assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) the Collateral Agent, such of the Pledged Collateral or any part thereof to be released (in the case of a release) as may be in possession of Pledgee or Intermediary the Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, any proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsfinancing statements or releases) acknowledging the termination of this Agreement hereof or the release of such Pledged Collateral, as the case may be, which the Pledgors may reasonably request. (b) The Collateral Agent will release the liens on any part of the Collateral to the extent required by Section 5.1 of the Intercreditor Agreement.

Termination; Release. When all of the Secured Obligations have been satisfied, performed paid in full, full and releasedthe Commitments of the Lenders to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall Administrative Agent shall, upon the request and at the sole cost and expense of Pledgor the Pledgors, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Administrative Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of Pledgee or Intermediary Administrative Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Pledged Collateral, proper documents and (ii) proper instruments (including UCC UCC-3 termination statementsstatements or releases) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.

Termination; Release. When all of the Secured Obligations -------------------- have been satisfied, performed paid in full, full and releasedthe Commitments of the Banks to make any Loan or to issue any Letter of Credit under the Credit Agreement shall have expired or been sooner terminated, this Agreement shall terminate. Upon termination of this Agreement or any release of Pledged Collateral in accordance with the provisions of the Defeasance DocumentsCredit Agreement, Pledgee shall Collateral Agent shall, upon the request and at the sole cost and expense of Pledgor Pledgor, forthwith assign, transfer and deliverdeliver to Pledgor, and shall direct Intermediary, to assign, transfer and deliver, to Pledgor against receipt and without express or implied recourse to or warranty by Pledgee (i) Collateral Agent, such of the Pledged Collateral to be released (in the case of a release) as may be in possession of Pledgee or Intermediary Collateral Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and (ii) and, with respect to any other Pledged Collateral, proper instruments (including UCC termination statementsstatements on Form UCC-3) acknowledging the termination of this Agreement or the release of such Pledged Collateral, as the case may be.