Common use of Termination and Release Clause in Contracts

Termination and Release. Upon indefeasible payment in full in cash of the Obligations in accordance with the provisions of the Note and the Purchase Agreement, the Security Interest granted hereby shall terminate and all rights to the Patent Collateral shall revert to Grantors or any other Person entitled thereto. At such time, Secured Party shall execute and deliver, and authorize the filing of, appropriate termination and release statements or other documents to terminate and release such Security Interests.

Termination and Release. Upon indefeasible payment in full in cash of the Obligations in accordance with the provisions of the Note and the Purchase Agreement, the Security Interest granted hereby shall terminate and all rights to the Patent Trademark Collateral shall revert to Grantors or any other Person entitled thereto. At such time, Secured Party shall execute and deliver, and authorize the filing of, appropriate termination and release statements or other documents to terminate and release such Security Interests.

Termination and Release. Upon indefeasible payment in full in cash of the Obligations in accordance with the provisions of the Note and the Purchase Agreement, the Security Interest granted hereby shall terminate and all rights to the Patent Copyright Collateral shall revert to Grantors or any other Person entitled thereto. At such time, Secured Party shall execute and deliver, and authorize the filing of, appropriate termination and release statements or other documents to terminate and release such Security Interests.

Termination and Release. Upon indefeasible payment in full in cash of the Obligations in accordance with the provisions of the Note Notes and the Purchase Agreement, the Security Interest granted hereby shall terminate and all rights to the Patent Collateral shall revert to Grantors Grantor or any other Person entitled thereto. At such time, Secured Party shall execute and deliver, and authorize the filing of, appropriate termination and release statements or other documents to terminate and release such Security Interests.

Termination and Release. Upon indefeasible payment in full in cash of the Obligations in accordance with the provisions of the Note Notes and the Purchase Agreement, the Security Interest granted hereby shall terminate and all rights to the Patent Collateral shall revert to Grantors or any other Person entitled thereto. At such time, Secured Party shall execute and deliver, and authorize the filing of, appropriate termination and release statements or other documents to terminate and release such Security Interests.

Termination and Release. Upon indefeasible payment in full in cash of the Obligations in accordance with the provisions of the Note Notes and the Purchase Agreement, the Security Interest granted hereby shall terminate and all rights to the Patent Copyright Collateral shall revert to Grantors or any other Person entitled thereto. At such time, Secured Party shall execute and deliver, and authorize the filing of, appropriate termination and release statements or other documents to terminate and release such Security Interests.

Termination and Release. Upon indefeasible payment in full in cash of the Obligations in accordance with the provisions of the Note Notes and the Purchase Agreement, the Security Interest granted hereby shall terminate and all rights to the Patent Trademark Collateral shall revert to Grantors or any other Person entitled thereto. At such time, Secured Party shall execute and deliver, and authorize the filing of, appropriate termination and release statements or other documents to terminate and release such Security Interests.