Common use of Upon Payment in Full Clause in Contracts

Upon Payment in Full. Subject to Section 10.09, Section 10.16 and Section 10.17 (i) the grant of a security interest hereunder and all other obligations, guarantees and the Guaranty of the Grantors hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the Credit Agreement Termination, at which time, the security interests and all other obligations and guarantees of the Grantors hereunder and all of the rights, powers and remedies in connection therewith, and the provisions of this Agreement shall immediately and automatically be terminated and released in all respects and, the Administrative Agent, at the written request and expense of the Borrower, will promptly execute, deliver, file and take any other actions reasonably requested by Borrower or its designees to evidence the release and termination contemplated hereunder.