Common use of Termination of Assignment Clause in Contracts

Termination of Assignment. Upon payment in full of the Loan and the delivery and recording of a satisfaction or discharge of Mortgage duly executed by Assignee, this Assignment shall become and be void and of no effect.

Appears in 2 contracts

Sources: Assignment of Leases and Rents (Inland Diversified Real Estate Trust, Inc.), Assignment of Leases and Rents (Dm Management Co /De/)

Termination of Assignment. Upon payment in full of the Loan Debt and the delivery and recording of a satisfaction satisfaction, release or discharge of Mortgage duly executed by Assignee, this Assignment shall become and be void and of no effect.

Appears in 1 contract

Sources: Assignment of Leases and Rents (Concord Milestone Plus L P)

Termination of Assignment. Upon payment in full of the Loan Secured Obligations and the delivery and recording of a satisfaction satisfaction, release, reconveyance, or discharge of the Mortgage duly executed by Assignee, this Assignment shall become and be void and of no effect.

Appears in 1 contract

Sources: Term Loan Agreement (LSB Industries Inc)

Termination of Assignment. Upon payment in full of the Loan Debt and the delivery and recording of a satisfaction satisfaction, release or discharge of the Mortgage duly executed by Assignee, this Assignment shall become and be void and of no effect.

Appears in 1 contract

Sources: Assignment of Leases and Rents (Ramco Gershenson Properties Trust)

Termination of Assignment. Upon payment in full of the Loan Secured Obligations and the delivery and recording of a satisfaction satisfaction, release, reconveyance or discharge of the Mortgage duly executed by Assignee, this Assignment Agreement shall become and be void and of no effect.

Appears in 1 contract

Sources: Term Loan Agreement (LSB Industries Inc)

Termination of Assignment. Upon payment in full of the Loan Secured Obligations and the delivery and recording of a satisfaction satisfaction, release, reconveyance or discharge of the Mortgage duly executed by Assignee, this Assignment shall become and be void and of no effect.

Appears in 1 contract

Sources: Term Loan Agreement (LSB Industries Inc)