Total Release. In the event that all Obligations are fully satisfied and Lender and all affiliates of Lender have no further obligation to make any Advances to Borrower or to any wholly-owned Affiliate of Borrower, then Lender shall promptly execute and deliver all Releases required to release all of the remaining Pledged Inventory (if any) from the Lien granted hereunder.
Appears in 1 contract
Sources: Inventory Loan and Security Agreement (Diamond Resorts Corp)
Total Release. In the event that all Obligations are fully satisfied and Lender and all affiliates of Lender have no further obligation to make any Advances to Borrower or to any wholly-owned Affiliate of Borrower, then Lender shall promptly execute and deliver all Releases required to release all of the remaining Pledged Inventory (if any) from the Lien granted hereunderof Lender’s Mortgage.
Appears in 1 contract
Sources: Inventory Loan and Security Agreement (Diamond Resorts Corp)