Common use of Release of Mortgage Clause in Contracts

Release of Mortgage. This Mortgage is made for collateral purposes only. Upon payment in full of all Obligations and termination of the Loan Agreements, Mortgagee shall execute and deliver to Mortgagor all deeds, assignments and other instruments, and shall take such other actions, as may be necessary or proper to re-vest in Mortgagor full title to the Patents, Trademarks and Licenses, subject to any disposition thereof which may have been made by Mortgagee pursuant to the Loan Agreements.

Appears in 2 contracts

Samples: Patent, Trademark and License Mortgage (Mendocino Brewing Co Inc), Patent, Trademark and License Mortgage (Mendocino Brewing Co Inc)

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Release of Mortgage. This Mortgage is made for collateral purposes only. Upon payment in full of all Mortgagor's Obligations and termination of the Loan AgreementsDocuments, Mortgagee shall execute and deliver to Mortgagor all deeds, assignments and other instruments, and shall take such other actions, as may be necessary or proper to re-vest revest in Mortgagor full title to the Patents, Trademarks Patents and LicensesTrademarks, subject to any disposition thereof which may have been made by Mortgagee pursuant hereto or pursuant to the Loan AgreementsDocuments.

Appears in 1 contract

Samples: Patent and Trademark Mortgage (Sepragen Corp)

Release of Mortgage. This Mortgage is made for collateral purposes only. Upon payment in full of all Mortgagor's Obligations and termination of the Loan Agreements, Mortgagee shall execute and deliver to Mortgagor all deeds, assignments and other instruments, and shall take such other actions, as may be necessary or proper to re-vest in Mortgagor full title to the Patents, Trademarks Trademarks, Copyrights and Licenses, subject to any disposition thereof which may have been made by Mortgagee pursuant to the Loan Agreements.

Appears in 1 contract

Samples: Telxon Corp

Release of Mortgage. This Mortgage is made for collateral purposes only. Upon payment in full of all Obligations Mortgagor's Liabilities and termination of the Loan Agreements, Mortgagee shall execute and deliver to Mortgagor all deeds, assignments and other instruments, and shall take such other actions, as may be necessary or proper to re-vest in Mortgagor full title to the Patents, Trademarks and Licenses, subject to any disposition thereof which may have been made by Mortgagee pursuant to the Loan Agreements.

Appears in 1 contract

Samples: Patent, Trademark (Amcraft Building Products Co Inc)

Release of Mortgage. This Mortgage is made for collateral purposes only. Upon Upon, but only upon, payment in full of all the Obligations and termination of the Loan AgreementsSecurity Documents, Mortgagee shall execute and deliver to Mortgagor all deeds, assignments and other instruments, and shall take such other actions, as may be necessary or proper to re-vest in Mortgagor full title to the Patents, Trademarks Trademarks, and Licenses, subject to any disposition thereof which may have been made by Mortgagee pursuant hereto or pursuant to the Loan AgreementsSecurity Documents.

Appears in 1 contract

Samples: Patent, Trademark and License (Fountain Pharmaceuticals Inc)

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Release of Mortgage. This Mortgage is made for collateral purposes only. Upon payment in full of all Obligations Mortgagor's Liabilities and termination of the Loan Agreements, Mortgagee shall execute and deliver to Mortgagor all deedsan instrument in the form attached hereto as Exhibit D, assignments and other instruments, and shall take such other actions, as may be necessary or proper in order to re-vest in Mortgagor full title to the Patents, Trademarks Trademarks, and Licenses, subject to any disposition thereof which may have been made by Mortgagee pursuant hereto or pursuant to the Loan Agreements.

Appears in 1 contract

Samples: Hei Inc

Release of Mortgage. This Mortgage is made for collateral purposes only. Upon payment in full satisfaction of all the Obligations and termination of the Loan AgreementsCredit Agreement, Mortgagee shall execute and deliver to Mortgagor all deeds, assignments and other instruments, and shall take such other actions, as may be necessary or proper appropriate to re-vest in Mortgagor full title to the Patents, Copyrights, Trade Secrets, Trademarks and Licenses, subject to any disposition thereof which may have been made by Mortgagee pursuant hereto or pursuant to the Loan AgreementsCredit Agreement.

Appears in 1 contract

Samples: Interlott Technologies Inc

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