Common use of Payment of the Indebtedness Clause in Contracts

Payment of the Indebtedness. If the Indebtedness shall be fully paid and the covenants herein contained shall be performed, the entire right, title and interest of the Secured Parties shall thereupon cease; and the Secured Parties in such case shall, upon the request of the Borrower and at the Borrower’s cost and expense, deliver to the Borrower proper instruments acknowledging satisfaction of this Security Agreement.

Appears in 2 contracts

Samples: Security Agreement (Smart Move, Inc.), Security Agreement (Smart Move, Inc.)

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Payment of the Indebtedness. If the Indebtedness shall be fully paid and the covenants herein contained shall be performed, the entire right, title and interest of the Secured Parties Party shall thereupon cease; and the Secured Parties Party in such case shall, upon the request of the Borrower Debtor and at the BorrowerDebtor’s cost and expense, deliver to the Borrower Debtor proper instruments acknowledging satisfaction of this Security Agreement.

Appears in 2 contracts

Samples: Security Agreement (US Capital Global Lending LLC), Security Agreement (US Capital Global Lending LLC)

Payment of the Indebtedness. If the Indebtedness shall be fully paid and the covenants herein contained shall be performed, the entire right, title and interest of the Secured Parties Party shall thereupon cease; and the Secured Parties Party in such case shall, upon the request of the Borrower and at the Borrower’s cost and expense, deliver to the Borrower proper instruments acknowledging satisfaction of this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (AeroGrow International, Inc.)

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Payment of the Indebtedness. If the Indebtedness shall be fully paid and the covenants herein contained shall be performed, the entire right, title and interest of the Secured Parties Party shall thereupon cease; and the Secured Parties Party in such case shall, upon the request of the Borrower Gemini or Members and at the BorrowerGemini’s or Members’ cost and expense, deliver to the Borrower Members proper instruments acknowledging satisfaction of this Security Agreement.

Appears in 1 contract

Samples: Security and Hypothecation Agreement (Global Casinos Inc)

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