. Upon indefeasible payment and performance (in full) of all of the Secured Obligations (other than any such obligations that survive repayment of the Loan), Administrative Agent shall, at the request of Borrowers and at the sole cost and expense of Borrowers, release or cause to be released all Liens with respect to all Collateral (or, at Borrowers’ 153758634 Loan Agreement (CT/NJ Loan) - GTJ Portfolio Refinancing - AIG

Release of Collateral. Each Lender hereby consents to the release and hereby directs Collateral Agent to release (or in the case of clause (b)(ii) below, release or subordinate) the following:

Release of Collateral. Lenders hereby irrevocably authorize Agent, at its option and in its discretion, to release any Lien granted to or held by Agent, for the benefit the of Lenders, upon any Collateral covered by the Loan Documents # upon termination of this Agreement, the termination of the Revolving Loan Commitments and the indefeasible payment and satisfaction in full in cash of all Obligations (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted); # constituting Collateral being sold or disposed of if Borrower certifies to Agent that the sale or disposition is made in compliance with the provisions of the Loan Documents (and Agent may rely conclusively on any such certificate, without further inquiry); or # constituting Collateral leased to Borrower under a lease which has expired or been terminated in a transaction permitted under this Agreement or is about to expire and which has not been, and is not intended by Borrower to be, renewed or extended.

Release of Collateral. Upon the refinancing or repayment of the Loans in full and termination of all Commitments, then the Administrative Agent shall release the Collateral from the lien and security interest of the Collateral Documents.

Release of Collateral. Upon the refinancing or repayment of the Loans in full and termination of all Revolving Commitments, then the Administrative Agent shall release the Collateral from the lien and security interest of the Collateral Documents.

Release of Collateral.The Secured Parties irrevocably authorize the Administrative Agent (without any further consent of the Secured Parties), at the Administrative Agent’s option and in its sole discretion, to release any security interest in or Lien on any Collateral granted to or held by the Administrative Agent: # upon termination of this Credit Agreement and the other Loan Documents, termination of the Commitments and all Letters of Credit and payment in full of all of the Obligations (other than contingent obligations for which no claim has yet been made), including all fees and indemnified costs and expenses that are then due and payable pursuant to the terms of the Loan Documents; and # if approved by the Lenders pursuant to the terms of Section 12.1. Upon the request of the Administrative Agent, the Lenders will confirm in writing the Administrative Agent’s authority to release particular types or items of Collateral pursuant to this [Section 11.1(b)].

Release of Collateral. Any release, surrender, exchange, subordination, deterioration, waste, loss or impairment (including without limitation negligent, willful, unreasonable or unjustifiable impairment) of any collateral, property or security at any time existing in connection with, or assuring or securing payment of, all or any part of the Guaranteed Obligations.

Release of Collateral. Subject to Section 8.4, upon indefeasible repayment of the Secured Obligations, and upon the performance of all of the obligations of Borrowers hereunder and under the other Loan Documents, in full in accordance with the terms hereof and thereof, Lender shall, promptly after such payment and performance, and at the sole cost and expense of Borrowers, release or cause to be released all Liens with respect to all Collateral or at Borrowers’ request.

Release of Collateral. Collateral Agent and the Lenders hereby agree that any Liens granted to Collateral Agent or any Lender by Borrower or any of its Subsidiaries on any Collateral shall be automatically released # in accordance with Section 4.1, upon the satisfaction in full, in cash, of the Obligations and termination of this Agreement, # if such Collateral is sold, transferred or otherwise disposed of by Borrower or any of its Subsidiaries pursuant to any sale, transfer or other disposition that is made in compliance with, and subject to the terms and condition of, this Agreement or # if required to effect any sale, transfer or other disposition of such Collateral in connection with any exercise of remedies by Collateral Agent or any Lender pursuant to Section 9. Any such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of Borrower or any of its Subsidiaries in respect of) all interests retained by Borrower or any of its Subsidiaries. Upon Borrower’s reasonable request and at Borrower’s sole cost and expense, Collateral Agent shall execute, deliver or authorize such documents as may be reasonably required to evidence any release described above.

Collateral Release. (i) The lien and security interest created hereunder shall be automatically released # with respect to all Collateral upon the payment in full of all Obligations (other than inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement), # with respect to any Collateral sold or otherwise disposed of in full (and not, for the avoidance of doubt, any Collateral that is subject to any license (including any Permitted License), lease or similar arrangement pursuant to which a Credit Party retains title to Collateral) to any Person, other than a Credit Party, pursuant to a Transfer expressly permitted pursuant to Section 7.1, on the date the applicable transaction is consummated, or # if otherwise approved, authorized or ratified in writing by Agent in its sole discretion. Upon such release, Agent shall, upon the reasonable request and at the sole cost and expense of the Credit Parties, assign, transfer and deliver to Borrower, against receipt and without recourse to or warranty by Agent, such Collateral or any part thereof, which shall be released in accordance with customary documents and instruments (including without limitation UCC-3 termination financing statements or releases) acknowledging the release of such Collateral; provided however that # Agent shall not be required to execute any such document on terms which, in Agent’s opinion, would expose Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, # with respect to [clause (a) above], Agent shall not be deemed to have released its liens unless it has received a payoff letter in form and substance reasonably satisfactory to it, and # with respect to [clause (b) above], such release shall not in any manner discharge, affect or impair the Obligations or any Liens (other than the Liens being expressly released) upon (or obligations of the Credit Parties in respect of) all interests retained by the Credit Parties, including the proceeds of any such Transfer, sale or similar transaction, all of which shall continue to constitute part of the Collateral.