Release of Assignment. Upon payment to the Assignee of its policy interest, the Assignee shall execute a written release of this assignment.
Release of Assignment. When this Mortgage has been fully released, the last such release shall operate as a reassignment of all future rents, issues and profits of the Subject Property to the person or persons legally entitled thereto. Notwithstanding anything contained herein to the contrary, Mortgagee hereby agrees, subject to the provisions of Section 2.10 of the Loan Agreement, to release this Mortgage notwithstanding the fact that all of the Secured Obligations have not been satisfied.
Release of Assignment. Upon the full payment of the Corporation's Collateral Interest in accordance with the terms and conditions of this Assignment and the Agreement, the Corporation shall release to the Owner, if the Owner retains the Policy in accordance with the Agreement, the Policy and all specific rights included in this Assignment.
Release of Assignment. Upon payment in full of the Secured Debt and performance of all obligations secured hereby, this Lease Assignment shall become and be void.
Release of Assignment. Upon payment to the Assignee, its successors and assigns, of the amount due under Article III of the Split Dollar Agreement, the Assignee, its successors and assigns shall execute a written release of this Agreement.
Release of Assignment. Within thirty (30) days after the --------------------- date of the termination of this Agreement in accordance with paragraph 7 hereof, the Owner shall obtain the release of the Assignment of the Policy to the Corporation. The Owner may exercise all ownership rights granted to the Owner thereof by the terms of the Policy. Such release shall be given upon the Corporation's receipt of the Corporation's Premium Payment by (i) a withdrawal of the cash value of the Policy equal to the Corporation's Premium Payment; provided, however, if the cash value of the Policy is less than the Corporation's Premium Payment, the provisions of subparagraphs 8(b) or 8(c) hereof shall apply; or (ii) a payment by the Owner or the Employee, in immediately available U.S. funds, to the Corporation in the amount of the Corporation's Premium Payment. Upon release of the Assignment of the Policy, neither the Corporation nor its respective successors or assigns shall have any further interest or rights in and to the Policy, either under the terms thereof or under this Agreement.
Release of Assignment. The Assignment shall be held in escrow by Escrow Agent and released to BSL upon the release of the Certificates and Stock Powers pursuant to Section 3 of this Escrow Agreement.
Release of Assignment. For sixty (60) days after the date this --------------------- Agreement is terminated under this Section, the Trustees shall have the option of obtaining the release of the collateral assignment of all or any of the Policies to the Corporation. The Trustees may exercise this option by repaying the Corporation the total amount of its Policy Interest with respect to such Policy and upon receipt of such amount, the Corporation shall release the Policy's collateral assignment by its execution and delivery of an appropriate instrument of release. If the Trustees fail to exercise such option with regard to any such Policy within the said sixty-day period, then at the Corporation's written request, the Trustees shall execute any document required by the Insurer to transfer the Trustees' interest in the Policy to the Corporation. Alternatively, the Corporation may enforce its right to be repaid the amount of its Policy Interest from the Policy's cash surrender value under the Policy's collateral assignment, and if the cash surrender value exceeds the amount of such premium payments, the excess will be paid to the Trustees.
Release of Assignment. Upon payment, performance and observance in full of Assignor's Liabilities, this Assignment shall be void and of no further force or effect and Assignee, upon the written request of Assignor, shall execute such documents, as may be reasonably requested by Assignor, to confirm the same; provided, however, that the certificate of any officer or agent of Assignee certifying that any of Assignor's Liabilities remain unsatisfied shall constitute conclusive evidence of the validity, effectiveness and continuing force of this Assignment and any Person may, and hereby is authorized to, rely thereon.
Release of Assignment. Upon payment, performance and observance in full of Borrowers' Liabilities, this Assignment shall be void and of no further force or effect and Assignee, upon the written request of Assignors, shall execute such documents, as may be reasonably requested by Assignors, to confirm the same; provided, however, that the certificate of any officer or agent of Assignee certifying that any of Borrowers' Liabilities remain unsatisfied shall constitute conclusive evidence of the validity, effectiveness and continuing force of this Assignment and any Person may, and hereby is authorized to, rely thereon.
