TERMINATION OF THE SECURITY INTEREST. Subject to Section 7, upon termination of this Agreement as set forth in Section 10, the Collateral shall then be released from the Security Interest created hereby, and the Security Interest shall terminate. Upon such termination of the Security Interest, and at the request and sole expense of Grantor, the Secured Party shall execute and deliver such documents as Grantor shall reasonably request to evidence such termination. If any of the Collateral is sold, leased, transferred or otherwise disposed of by the Grantor in the manner which is expressly permitted under this Agreement or the terms of any other Loan Document, such Collateral shall be released from the Security Interest created hereby.
TERMINATION OF THE SECURITY INTEREST. Subject to Section 7, upon termination of this Agreement as set forth in Section 9, the Secured Party shall promptly assign or transfer (as applicable) back to the Grantor or to the Grantor’s order the Collateral assigned or transferred to it under this Agreement. If any of the Collateral is sold, leased, transferred or otherwise disposed of by the Grantor in the manner which is expressly permitted under this Agreement or the terms of any other Loan Document, such Collateral shall, at the Grantor’s request, be released from the Security Interest created hereby.
TERMINATION OF THE SECURITY INTEREST. Upon the occurrence of a Collateral Release Event,
TERMINATION OF THE SECURITY INTEREST. The Security Interest shall terminate when all the Secured Obligations have been fully and indefeasibly paid in full.
TERMINATION OF THE SECURITY INTEREST. The Security Interest shall terminate only if and when the Coil Tubing Obligations have been paid and performed in full.
TERMINATION OF THE SECURITY INTEREST. The security interest created pursuant to this Security Agreement shall terminate upon payment in full of the Note (or upon conversion of the Note into shares of the Company’s capital stock, as applicable).
TERMINATION OF THE SECURITY INTEREST. Subject to Clause 12 (Expenses), upon termination of this Agreement as set forth in Clause 14 (Term), the Collateral shall then be released from the Security Interest created hereby, and the Security Interest shall terminate. Upon such termination of the Security Interest, and at the request and sole expense of the Grantor, the Security Trustee shall execute and deliver such documents as the Grantor shall reasonably request to evidence such termination. If any of the Collateral is sold, leased, transferred or otherwise disposed of by the Grantor in the manner which is expressly permitted under this Agreement or the terms of any other Loan Document, such Collateral shall be released from the Security Interest created hereby.
TERMINATION OF THE SECURITY INTEREST. The Security Interest shall terminate only if and when the Debt has been paid in full. Upon termination of the Security Interest, Juva shall, at the request of Baja, file with the California Secretary of State and any other applicable regulatory authority a statement indicating that the Security Interest has terminated.
TERMINATION OF THE SECURITY INTEREST. The Security Interest shall terminate only if and when the Debt has been paid in full. Upon termination of the Security Interest, Calavo shall, at the request of San Xxxxxx, file with the California Secretary of State and any other applicable regulatory authority a statement indicating that the Security Interest has terminated.
TERMINATION OF THE SECURITY INTEREST. The security interest created pursuant to this Agreement shall terminate upon payment, satisfaction, or cancellation of the Note, regardless of the amount of Deferred Payments that have been paid by Debtor or whether the Company has become obligated to make the Equity Payout. Upon payment, satisfaction, or cancellation of the Note, no security interest shall exist for the Deferred Payments or the Equity Payout.
