Common use of Release of Security Interests Clause in Contracts

Release of Security Interests. The Agent shall have received evidence satisfactory to it of the release and termination of all Liens other than Permitted Liens.

Appears in 6 contracts

Samples: Loan and Security Agreement (American Aircarriers Support Inc), Loan and Security Agreement (Tultex Corp), Loan and Security Agreement (Ithaca Industries Inc)

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Release of Security Interests. The Agent shall have received evidence satisfactory to it of the release and termination of all Liens other than Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Compusa Inc), Loan and Security Agreement (Gni Group Inc /De/)

Release of Security Interests. The Agent shall have received evidence satisfactory to it of the release and termination of, or with respect to the Existing Lender a commitment to release and terminate upon payment in full of all amounts due under the existing credit facility, all Liens other than Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Loehmanns Holdings Inc)

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Release of Security Interests. The Agent shall have received evidence satisfactory to it of the release and termination of, or with respect to the Existing Agent a commitment to release and terminate upon payment in full of all amounts due under the existing credit facility, all Liens other than Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear International Corp)

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