Common use of Release of Mortgage Clause in Contracts

Release of Mortgage. This Mortgage is made for collateral purposes only. Upon Financing Documents Termination, Mortgagee shall take such actions as may be necessary or proper to terminate and release its security interest in the Copyrights, Patents, Trademarks, and Licenses created hereby and pursuant to the Financing Documents, subject to any disposition thereof which may have been made by Mortgagee pursuant hereto or pursuant thereto.

Appears in 3 contracts

Samples: Patent, Trademark and License Mortgage (Neenah Foundry Co), Patent, Trademark and License Mortgage (Neenah Foundry Co), Patent, Trademark and License Mortgage (Neenah Foundry Co)

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Release of Mortgage. This Mortgage is made for collateral purposes only. Upon Financing Documents the Indenture Termination, Mortgagee shall take such actions as may be necessary or proper to terminate and release its security interest in the Copyrights, Patents, Trademarks, and Licenses created hereby and pursuant to the Financing Indenture Documents, subject to any disposition thereof which may have been made by Mortgagee pursuant hereto or pursuant theretoto the Indenture.

Appears in 2 contracts

Samples: Cast Alloys Inc, Cast Alloys Inc

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Release of Mortgage. This Mortgage is made for collateral purposes only. Upon Financing Documents the Indenture and Security Agreement Termination, Mortgagee Mortgagee, at Mortgagor's expense, shall take such actions as may be necessary or proper to terminate and release its security interest in the Copyrights, Patents, Trademarks, and Licenses created hereby and pursuant to the Financing Security Documents, subject to any disposition thereof which may have been made by Mortgagee pursuant hereto or pursuant theretoto the applicable Guarantor Security Agreement.

Appears in 1 contract

Samples: Kinetek Inc

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