Common use of Release and Termination Clause in Contracts

Release and Termination. Upon the payment in full in cash of the Secured Obligations, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Grantor. Upon any such termination, the Trustee will, at the Grantor's expense, execute and deliver to the Grantor such documents as the Grantor shall reasonably request to evidence such termination.

Release and Termination. Upon the payment in full in cash of the Secured Obligations, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Grantor. Upon any such termination, the Trustee will, at the Grantor's expense, execute and deliver to the Grantor all Security Collateral delivered hereunder and such documents as the Grantor shall reasonably request to evidence such termination.

Release and Termination. Upon the payment in full in cash of the Secured Obligations, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the GrantorGrantors. Upon any such termination, the Trustee will, at the Grantor's Grantors' expense, execute and deliver to the Grantor Grantors such documents as the Grantor Grantors shall reasonably request to evidence such termination.

Release and Termination. Upon the payment date on which the Obligations shall have been paid in full in cash of the Secured Obligationsfull, the pledge, assignment liens and security interest interests granted hereby shall terminate and all rights to the Collateral shall revert to the Grantor. Upon any such termination, the Collateral Trustee will, at the Grantor's expense, execute and deliver to the Grantor such documents prepared by the Grantor and delivered to the Collateral Trustee as the Grantor shall reasonably request to evidence such termination.