Common use of Termination of Interest Clause in Contracts

Termination of Interest. ZCC III agrees that it will not ----------------------- exercise any right of disposition of property in which a security interest is granted to it pursuant to this Agreement or the Deed of Trust until the occurrence and continuance of an Event of Default. ZCC III further agrees that it will no longer have any right or interest in any property or rights granted to it pursuant to this Agreement or the Deed of Trust and the Debtor will have no further duties and obligations under this Agreement and the Deed of Trust when the Series A Purchase Notes and any amounts owed under this Agreement and the Deed of Trust have been indefeasibly paid in full to ZCC III, at which time this Agreement shall terminate, and ZCC III shall, when and as requested by the Debtor, confirm such termination to the Debtor and any third party in writing and by filing appropriate UCC-2, or other similar form of, termination statements and taking such action as may be necessary to cause the full reconveyance of the Deed of Trust.

Termination of Interest. ZCC III IV agrees that it will not ----------------------- exercise any right of disposition of property in which a security interest is granted to it pursuant to this Agreement or the Deed of Trust until the occurrence and continuance of an Event of Default. ZCC III IV further agrees that it will no longer have any right or interest in any property or rights granted to it pursuant to this Agreement or the Deed of Trust and the Debtor will have no further duties and obligations under this Agreement and the Deed of Trust when the Series A Purchase Notes and any amounts owed under this Agreement and the Deed of Trust have been indefeasibly paid in full to ZCC IIIIV, at which time this Agreement shall terminate, and ZCC III IV shall, when and as requested by the Debtor, confirm such termination to the Debtor and any third party in writing and by filing appropriate UCC-2, or other similar form of, termination statements and taking such action as may be necessary to cause the full reconveyance of the Deed of Trust.

Termination of Interest. ZCC III agrees that it will ----------------------- not ----------------------- exercise any right of disposition of property in which a security interest is granted to it pursuant to this Agreement or the Deed of Trust until the occurrence and continuance of an Event of Default. ZCC III further agrees that it will no longer have any right or interest in any property or rights granted to it pursuant to this Agreement or the Deed of Trust and the Debtor will have no further duties and obligations under this Agreement and the Deed of Trust when the Series A B Purchase Notes and any amounts owed under this Agreement and the Deed of Trust have been indefeasibly paid in full to ZCC III, at which time this Agreement shall terminate, and ZCC III shall, when and as requested by the Debtor, confirm such termination to the Debtor and any third party in writing and by filing appropriate UCC-2, or other similar form of, termination statements and taking such action as may be necessary to cause the full reconveyance of the Deed of Trust.