Common use of Release of Easement Clause in Contracts

Release of Easement. Grantee may herein terminate this instrument by recording a release in recordable form with directions for delivery of same to Grantor, its successors or assigns, at Grantor's past address given pursuant hereto, whereupon all rights duties and liabilities hereby created shall terminate. This Easement shall automatically terminate in the event of termination or expiration of the Ground Lease of even date between Grantor and Grantee, whereupon Grantor may record such termination or expiration as of public record.

Release of Easement. Grantee may herein terminate this instrument by recording a release in recordable form with directions for delivery of same to Grantor, its successors or assigns, at Grantor's past last address given pursuant hereto, whereupon all rights rights, duties and liabilities hereby created shall terminate. This Easement shall automatically terminate in the event of termination or expiration of the Ground Lease of even date between Grantor and Grantee, whereupon Grantor may record such termination or expiration as of public record.