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HomeMy WebLinkAbout2360 ~ ARTICLE XXV 25. Additional Instruments. The Company, at its expense, will execute, ac nowledge, secure and deliver all such instruments and take all such action as the Trustees or two-thirds in interest of the Beneficiaries from time ~o time E may reasonably request for the better assuring of the properties i and rights now or hereafter subjected to the security of this 3 Indenture and the Individual tiortgages or intended so to be. ARTICLE XXVI 26. Release of Properties. In the event of a partial prepayment of the Notes in accordance with the provisions of Section 2.2(b) hereof, the Property in respect of which such ; partial prepayment shall have been made shall be released from ~ this Indenture and the Individual riortgage thereon shall either ~ be released and satisfied or the affected Property reconveyed, ~ as the case may be. In such event, the Trustees, at the Com- : ~ pany's expense, shall execute and deliver to the Company (a) ~ ~ an appropriate instrument releasing such Property from this : ~ Indenture, (b) such instrument of release and satisfaction or ' ~ reconveyance, in recordable form, as may be approopriate to ~ release and satisfy of record the Individual t•iortgage on such ~ Property and (c) an appropriate instru.ment releasing and ~ terminating the security interest of this Indenture in the ~ Fixtures on such Property. . u . ~ ~ - ARTI_CLE XXVII ~ ~ ~ 27. Defeasance. This Indenture and the security interest created here y and by the Individual t~Iortgages shall ~ terminate after the payment of (a) the principal of, and ~ interest and premium, if any, on all of the Notes and (b) ~ ~ all other sums secured hereby. Upon such texrii.nation, the ~ Trustees, at the Company's expense, shall execute and deliver ~ to the Company (i) an appropriate instrur?ent releasing the ~ Properties from this Indenture, (ii) such instruments of ~ = release and satisfaction or reconveyance, in recordable form, as may be appropriate to release and satisfy of record the - Individual t•iortgage on each of the Properties and (iii) appro- priate instruments releasing and terminating the security j interest of this Indenture in the Fixtnres. Such instruments, ~ when duly executed by the Trustees and duly recorded or filed shall conclusively evidence the release and satisfaction and termination o£ this Indenture. ~1~ ~ 35 $0~~ ~s~~ _ ~7Je~ i ~ _ _ _ _ - ~ - =i t _ _ . : - : _ - _