Release of Collateral and Guarantee Obligations. (a) When all Obligations (other than unasserted inchoate indemnity obligations) have been indefeasibly paid in full, the Collateral shall be released from the Lien created hereby and this Agreement and all obligations (other than those expressly stated to survive such termination) of each Lender and any other Secured Party and each Guarantor and Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party (except as required hereunder), and all rights of the Collateral Agent, Lenders and any other Secured Parties to the Collateral shall revert to the Grantors.
Appears in 3 contracts
Samples: Loan Agreement (Collegium Pharmaceutical, Inc), Guaranty and Security Agreement (Sarepta Therapeutics, Inc.), Guaranty and Security Agreement (Sarepta Therapeutics, Inc.)
Release of Collateral and Guarantee Obligations. (a) When all Obligations (other than unasserted inchoate indemnity obligations) have indefeasibly been indefeasibly paid in full, the Collateral shall be released from the Lien created hereby and this Agreement and all obligations (other than those expressly stated to survive such termination) of each Lender and any other Secured Party and each Guarantor and Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party (except as required hereunder), and all rights of the Collateral Agent, Lenders and any other Secured Parties to the Collateral shall revert to the Grantors.
Appears in 3 contracts
Samples: Guaranty and Security Agreement (Global Blood Therapeutics, Inc.), Guaranty and Security Agreement (Epizyme, Inc.), Guaranty and Security Agreement (Global Blood Therapeutics, Inc.)
Release of Collateral and Guarantee Obligations. (a) When all Obligations (other than unasserted inchoate indemnity obligations) have indefeasibly been indefeasibly paid in full, the Collateral shall be released from the Lien created hereby and this Agreement and all obligations (other than those expressly stated to survive such termination) of each Lender and or any other Secured Party and each Guarantor and Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party (except as required hereunder), and all rights of the Collateral Agent, Lenders Lender and any other Secured Parties Party to the Collateral shall revert to the Grantors.
Appears in 2 contracts
Samples: Loan Agreement, Guaranty and Security Agreement (Amicus Therapeutics Inc)
Release of Collateral and Guarantee Obligations. (a) When all Obligations (other than unasserted inchoate indemnity obligations) have been indefeasibly paid in full, the Collateral shall be released from the Lien created hereby and this Agreement and all obligations (other than those expressly stated to survive such termination) of each Lender and any other Secured Party and each Guarantor and Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party (except as required hereunder), and all rights of the Collateral Agent, Lenders and any other Secured Parties to the Collateral shall revert to the Grantors.
Appears in 1 contract
Samples: Guaranty and Security Agreement (Akebia Therapeutics, Inc.)
