Continuing Agreement; Termination. This is a continuing Agreement, and no notice of the creation or existence of the Liabilities, renewal, extension or modification thereof need be given to Grantor. This security interest shall continue in effect notwithstanding that from time to time no Liabilities may exist. This Agreement may be terminated only (i) by a written agreement of the Bank, or (ii) upon written request of Grantor at such time as the Liabilities have been satisfied in full and the Bank has no remaining commitments to Debtor of any kind.
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Sources: Security Agreement (Transition Analysis of Component Technology Inc)
Continuing Agreement; Termination. This is a continuing Agreement, and no notice of the creation or existence of the Liabilities, renewal, extension or modification thereof need be given to Grantor. This security interest shall continue in effect notwithstanding that from time to time no Liabilities may exist. This Agreement may be terminated only (i) by a written agreement of the BankInvestor, or (ii) upon written request of Grantor at such time as the Liabilities have been satisfied in full and the Bank Investor has no remaining commitments to Debtor of any kind.
Appears in 1 contract
Sources: Note Purchase Agreement (Montana Mills Bread Co Inc)
Continuing Agreement; Termination. This is a continuing and irrevocable Agreement, and no notice of the creation or existence of the Liabilities, renewal, extension or modification thereof Liabilities need be given to Grantor. This security interest shall continue in effect notwithstanding that from time to time no Liabilities may exist. This Agreement may be terminated only (i) by a written agreement of the Bank, or (ii) upon written request of Grantor at such time as the Liabilities have been satisfied in full and the Bank has no remaining commitments to Debtor of any kind.
Appears in 1 contract