Release of Security Agreement. This Security Agreement is made for Collateral purposes only. Upon payment and satisfaction in full of the Liabilities, Collateral Agent shall take such actions as may be necessary or proper to terminate the security interests created hereby.
Release of Security Agreement. This Security Agreement is made for collateral purposes only. Upon payment in full of Borrower's Liabilities and termination of the Financing Agreements, Lender shall take such actions as may be necessary or proper to terminate the security interests created hereby and pursuant to the Financing Agreements
Release of Security Agreement. Notwithstanding the Profits Interest granted above, Seller shall release the liens created in the Security Agreement upon the final payment of the amounts owing under the Promissory Note.
Release of Security Agreement. This Security Agreement is made for collateral purposes only and effects no present transfer of title as to any Trademarks. Upon payment in full of all Obligations and termination of the Loan Documents, Bank shall take execute and deliver such documents and take such actions as may be reasonably necessary or proper to terminate the security interests created hereby and pursuant to the Loan Documents.
Release of Security Agreement. Upon the payment and performance in full in cash of the Obligations (other than contingent indemnification obligations), including the cash collateralization, expiration or cancellation of all Obligations, if any, consisting of letters of credit, and the full and final termination of any commitment to extend any financial accommodations under the Loan Agreement, this Security Agreement shall terminate, and Grantee shall execute and deliver such documents and instruments and take such further action reasonably requested by Grantor, at Grantor's expense, as shall be necessary to evidence termination of the security interest granted by Grantor to Grantee for the benefit of the Grantee and the Bank Product Providers hereunder.
Release of Security Agreement. This Security Agreement is made for collateral purposes only. Upon payment in full of Pledgor’s Liabilities and termination of the Loan Documents, Pledgee shall take such actions as may be necessary or proper to terminate the security interests created hereby and pursuant to the Loan Documents.
Release of Security Agreement. Upon the payment and performance in full in cash of the Obligations, including the cash collateralization, expiration or cancellation of all Obligations, if any, consisting of letters of credit, and the full and final termination of any commitment to extend any financial accommodations under the Credit Agreement, this Security Agreement shall terminate, and Assignee shall execute and deliver such documents and instruments and take such further action reasonably requested by Assignor, at Assignor's expense, as shall be necessary to evidence termination of the security interest granted by Assignor to Assignee for the benefit of the Assignee and the Bank Product Providers hereunder.
Release of Security Agreement. Upon the indefeasible repayment in full in cash of the Obligations (other than contingent indemnification obligations) and the termination of the Notes in accordance with their terms, this Agreement shall terminate, and the Agent shall execute and deliver any document reasonably requested by the Debtors, at the Debtors’ joint and several cost and expense, as shall be necessary to evidence termination of the security interest granted by the Debtors to the Secured Parties hereunder.
Release of Security Agreement. 1. As an accommodation to Borrower and for good and valuable consideration, Lender, with this Loan Modification Agreement, has agreed to release its security interest granted under the Security Agreement and the related UCC financing statements provided that no Event of Default has occurred and is continuing.
Release of Security Agreement. Lender does hereby release and terminate the Security Agreement.
