Common use of Termination of Transaction Liens; Release of Collateral Clause in Contracts

Termination of Transaction Liens; Release of Collateral. The Transaction Liens granted by each Grantor shall terminate in accordance with Section 9.14 of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Tapestry, Inc.)

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Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each the Grantor shall terminate and all or any portion of the Collateral shall be released in accordance with the terms of Section 9.14 10.05 of the Credit AgreementIndenture.

Appears in 1 contract

Samples: Security Agreement (United Refining Co)

Termination of Transaction Liens; Release of Collateral. (a) The Transaction Liens granted by each Grantor hereunder shall terminate be automatically terminated and released in accordance with Section 9.14 all Collateral of the Credit AgreementGrantors upon discharge and satisfaction of the Secured Obligations in full.

Appears in 1 contract

Samples: Security Agreement (Virgin Orbit Holdings, Inc.)

Termination of Transaction Liens; Release of Collateral. The Transaction Liens granted by each Grantor hereunder shall terminate terminate, be released or be subordinated as set forth in accordance with Section 9.14 7 of the Credit Collateral Trust Agreement.

Appears in 1 contract

Samples: Security Agreement (Spectrum Brands, Inc.)

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Termination of Transaction Liens; Release of Collateral. The (a) On the Termination Date, the Transaction Liens granted by each Lien Grantor shall automatically terminate in accordance with Section 9.14 and all rights to the Collateral of the Credit Agreementsuch Lien Grantor shall revert to such Lien Grantor.

Appears in 1 contract

Samples: Security Agreement (Evergreen Energy Inc)

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