Common use of Termination of Lien Clause in Contracts

Termination of Lien. The Liens and rights granted to the Agent hereunder and any Ancillary Agreements and the financing statements filed in connection herewith or therewith shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that any Company’s account may from time to time be temporarily in a zero or credit position, until all of the Obligations have been indefeasibly paid or performed in full and this Agreement has been terminated in accordance with the terms of this Agreement. The Agent shall not be required to send termination statements or other evidence of the release of the Lien granted hereunder to any Company, or to file them with any filing office, unless and until this Agreement and the Ancillary Agreements shall have been terminated in accordance with their terms and all Obligations indefeasibly paid in full in immediately available funds.

Termination of Lien. The Liens and rights granted to the Agent Lender hereunder and any Ancillary Agreements and the financing statements filed in connection herewith or therewith shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that any Company’s account may from time to time be temporarily in a zero or credit position, until all of the Obligations under the Note have been indefeasibly paid or performed in full and this Agreement has been terminated in accordance with the terms of this Agreement. The Agent Lender shall not be required to send termination statements or other evidence of the release of the Lien granted hereunder to any Company, or to file them with any filing office, unless and until this Agreement and the Ancillary Agreements (other than the Warrant or the Registration Rights Agreement) shall have been terminated in accordance with their terms and all Obligations indefeasibly paid in full in immediately available funds.