Upon payment in full of the Indebtedness, or in connection with the replacement of a Property with a Substitution Property pursuant to Section 2.1 , Lender shall execute instruments prepared by Borrower and reasonably satisfactory to Lender, which, at Borrower’s election and at Borrower’s sole cost and expense: either, (a) in the case of a repayment of the Indebtedness in full (i) release and discharge all Liens on all Collateral securing payment of the Indebtedness (subject to Borrower’s obligation to pay any associated fees and expenses), or (ii) assign such Liens (and the Loan Documents) to a new lender designated by Borrower; or (b) in the case of the replacement of a Property with a Substitution Property, (i) release and discharge the Lien of the applicable Mortgage on the Property being so replaced and (ii) if following such replacement, Innovel or BBOFD is not the owner of any Property or Substitution Property (other than any Property or Substitution Property that has previously been released hereunder), release Innovel or BBOFD, as the case may be, from its obligations hereunder and under the other Loan Documents and release and discharge all Liens on all Collateral of Innovel or BBOFD, as the case may be, securing payment of the Indebtedness. All Liens on Collateral constituting personal property (but expressly excluding the Land and Improvements as defined in the Mortgage) shall be automatically released upon any transfer of such Collateral permitted under Section 5.2 and Lender shall, upon Borrower’s request and at Borrower’s expense, execute such further documents reasonably acceptable to Lender as Borrower may reasonably request to evidence such release. Any release or assignment provided by Lender pursuant to this Section shall be without recourse, representation or warranty of any kind.