Termination of Security Interest; Release of Collateral. (a) Upon the payment in full of all principal of and premium, if any, and interest on the Notes and the payment in full of all other amounts for Obligations that are due and payable at such time, and if no claims for payment by the Company of any Obligations are at the time pending, the Security Interest shall terminate and all rights to the Collateral shall revert to the Grantor.
Termination of Security Interest; Release of Collateral. Upon the payment in full of all of the Obligations hereunder (a) the security interests and the other Liens and licenses granted to the Lender shall terminate, (b) all rights to the Collateral shall revert to the Borrowers with rights therein, (c) the Lender will at the sole cost and expense of the Borrowers, (x) execute and deliver to the Borrowers all documents as the Borrowers may reasonably request to evidence the termination of such security interests and the release of such Collateral, and (y) take such other actions with respect to this Agreement, the other Loan Documents, the Liens created thereby as the Borrowers shall reasonably request, and (d) this Agreement and all of the other Loan Documents will be terminated, and the Borrowers will have no further liabilities or obligations thereunder (except any liabilities and/or obligations which under the terms of this Agreement or any Loan Document survive termination thereof).
Termination of Security Interest; Release of Collateral. Upon the repayment in full of all Secured Obligations, the Security Interests shall terminate and all rights to the Collateral shall revert to Debtor. At any time and from time to time prior to such termination of the Security Interests, the Secured Party may release any of the Collateral or release Debtor of its obligations hereunder with the prior written consent of the Secured Party.
Termination of Security Interest; Release of Collateral. (a) Collateral will be released automatically from the Liens securing the Note Obligations of the Company and the Subsidiary Guarantors under this Indenture, the Notes, the Note Guarantees and the Related Collateral Documents without the consent or further action of any Person:
Termination of Security Interest; Release of Collateral. Collateral will be released automatically from the liens securing the Obligations of the Obligors under this Agreement and the other Note Documents without the consent or further action of any Person in any of the following circumstances: (i) in whole or in part, as applicable, upon the sale, transfer, exclusive license, agreement or other disposition of such property or assets (including a disposition resulting from eminent domain, condemnation or similar circumstances) by any Obligor, solely to the extent such sale, transfer, exclusive license, agreement or other disposition is permitted hereunder, (ii) with the consent of the Majority Holders, (iii) upon full repayment of all Obligations (other than contingent indemnification obligations as to which no claim has been asserted or is known to exist), (iv) such Collateral is released by the Senior Agent or otherwise no longer secures the Senior Indebtedness (other than in the case that the Senior Indebtedness but not the Obligations hereof is paid off or discharged), or (iv) in accordance with the applicable provisions of the Security Documents.
Termination of Security Interest; Release of Collateral. Upon the payment in full of all Secured Obligations and after all Commitments are no longer in effect, this Agreement and the Security Interest shall terminate and, subject to the terms hereof and of the Transaction Documents, all rights to the Collateral Granted hereunder shall revert to the Borrower. Upon the payment in full of all Lender Obligations due and payable and after all Loan Commitments are no longer in effect, subject to the terms hereof and of the other Credit Documents, all rights of the Lenders to the Collateral Granted hereunder shall revert to the Borrower. Upon the payment in full of all Insurer Obligations under the Insurance Agreements, subject to the terms of the Insurance Agreements, all rights of the Insurer to the Collateral Granted hereunder shall revert to the Borrower. In addition, Collateral shall be released from the Security Interest on the terms set forth for such release in Sections 3.4 and 3.5. In any such case, the Administrative Agent, the Insurer and/or the Secured Parties Representative shall, or shall instruct the Custodian to, at the Borrower's expense, execute and deliver to the Borrower such documents (as provided to it in complete form, in the case of the Custodian) as are necessary to evidence such termination of the Security Interest or such release of Collateral. Furthermore, at any time and from time to time prior to the termination of the Security Interest as provided in the first sentence of this Section 7.1, the Secured Parties Representative may release any of the Collateral (not otherwise released pursuant to Article III) with the prior written consent of the Administrative Agent and, so long as either Insurance Policy is in effect, the Insurer; it being understood that the release of Collateral with respect to the Credit Agreement shall be governed by the applicable voting provisions set forth therein. In any such case, the Secured Parties Representative shall, or shall instruct the Custodian to, at the Borrower's expense, execute and deliver to the Borrower such documents (as provided to it in complete form, in the case of the Custodian) as are necessary to evidence such termination of the Security Interest or such release of Collateral.
Termination of Security Interest; Release of Collateral. Upon the repayment and performance in full of all the Obligations, the Security Interest shall terminate and all rights to the Collateral shall revert to the Debtor. Upon any such termination of the Security Interest or release of Collateral, the Secured Party will, at the Debtor's expense to the extent permitted by law, (a) allow Debtor to file any such documents to evidence the termination of the Security Interest or the release of such Collateral, or (b) execute and deliver to the Debtor such documents as the Debtor shall reasonably request, to evidence the termination of the Security Interest or the release of such Collateral, as the case may be.
Termination of Security Interest; Release of Collateral. Upon the payment in full of all Secured Obligations and the termination of all Commitments, the security interest granted herein shall terminate and all rights to the Collateral shall revert to the Pledgor. Further, the Administrative Agent shall release the Collateral in accordance with Section 7.1.9 of the Credit Agreement and may release any of the Collateral with the prior written consent of all Lenders. Upon any such termination or release of Collateral, the Administrative Agent will, at the Pledgor's sole expense, deliver to the Pledgor, without any representation, warranty or recourse of any kind whatsoever, all certificates and instruments representing or evidencing all Pledged Shares and all Pledged Notes, together with all other Collateral held by the Administrative Agent hereunder, and execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination or release.
Termination of Security Interest; Release of Collateral. (a) Upon the repayment in full of all Obligations, the security interest granted in the Collateral pursuant to this Security Agreement shall terminate and all rights to the Collateral shall revert to the Grantor.
Termination of Security Interest; Release of Collateral. The Security Interest granted hereunder shall terminate, and all rights to the Collateral shall revert to Xxxxx and International at such time as the Xxxxx Entities shall have no further obligation to repay the Initial Consideration. Upon any such termination of the Security Interests or release of Collateral, Comcast will deliver the Collateral to Xxxxx and International and will execute and deliver to Xxxxx and International such documents as Xxxxx and International shall reasonably request to evidence the termination of the Security Interest or the release of such Collateral, as the case may be.
