TERMINATION OF THE SECURITY INTEREST. Subject to Section 7, upon termination of this Agreement as set forth in Section 10, the Collateral shall then be released from the Security Interest created hereby, and the Security Interest shall terminate. Upon such termination of the Security Interest, and at the request and sole expense of Grantor, the Secured Party shall execute and deliver such documents as Grantor shall reasonably request to evidence such termination. If any of the Collateral is sold, leased, transferred or otherwise disposed of by the Grantor in the manner which is expressly permitted under this Agreement or the terms of any other Loan Document, such Collateral shall be released from the Security Interest created hereby.
Appears in 6 contracts
Samples: Cryptocurrency Security Agreement, Cryptocurrency Security Agreement, Security Agreement
TERMINATION OF THE SECURITY INTEREST. Subject to Section S ection 7, upon termination of this Agreement as set forth in Section 10, the Collateral shall then be released from the Security Interest created hereby, and the Security Interest shall terminate. Upon such termination of the Security Interest, and at the request and sole expense of Grantor, the Secured Party shall execute and deliver such documents as Grantor shall reasonably request to evidence such termination. If any of the Collateral is sold, leased, transferred or otherwise disposed of by the Grantor in the manner which is expressly permitted under this Agreement or the terms of any other Loan Document, such Collateral shall be released from the Security Interest created hereby.
Appears in 1 contract
Samples: BTC Security Agreement
