Termination Statement. Upon receipt of proper written demand following the payment in full of the Obligations and termination of any commitment of Lender to make any future advances to Borrower, Lender at its option, shall send a termination statement with respect to any financing statement filed to perfect Lender's security interests in any of the Collateral to Borrower or cause such termination statement to be filed with the appropriate filing officer(s).
Appears in 4 contracts
Samples: Pledge and Security Agreement (Dreams Inc), Pledge and Security Agreement (Dreams Inc), Security Agreement (Sb Merger Corp)
Termination Statement. Upon receipt of proper written demand following Following the payment in full of the Obligations and termination of any commitment of Lender to make any future advances to Borrower, Lender at its option, shall send a termination statement with respect to any financing statement filed to perfect Lender's ’s security interests in any of the Collateral to Borrower or cause such termination statement to be filed with the appropriate filing officer(s).
Appears in 3 contracts
Samples: Employment Agreement (Accentia Biopharmaceuticals Inc), Employment Agreement (Accentia Biopharmaceuticals Inc), Employment Agreement (Accentia Biopharmaceuticals Inc)
Termination Statement. Upon receipt of proper written demand following the payment in full of the Obligations and termination of any commitment of Lender to make any future advances to BorrowerObligations, Lender at its option, shall forthwith send a termination statement with respect to any financing statement filed to perfect Lender's security interests in any of the Collateral to Borrower or cause such termination statement to be filed with the appropriate filing officer(s).
Appears in 2 contracts
Samples: Security Agreement (Sipex Corp), Security Agreement (Sipex Corp)
Termination Statement. Upon receipt of proper written demand following the payment in full of the Obligations and termination of any commitment of Lender to make any future advances to BorrowerGrantor, Lender at its option, shall send a termination statement with respect to any financing statement filed to perfect Lender's security interests in any of the Collateral to Borrower Grantor or cause such termination statement to be filed with the appropriate filing officer(s).
Appears in 1 contract
Samples: Security Agreement (Dynagen Inc)
