Common use of TERMINATION OF THE SECURITY INTEREST Clause in Contracts

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.

Appears in 5 contracts

Samples: Crypto Asset Collateral Agreement, Crypto Asset Collateral Agreement, Crypto Asset Collateral Agreement

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