Common use of Termination Statement Clause in Contracts

Termination Statement. Upon payment in full of the Obligations, Secured Party shall, upon request, deliver to Debtor a termination statement releasing the Collateral from the liens created by this Agreement and do all further acts and execute and deliver all instruments and documents necessary to terminate the security interests granted herein.

Termination Statement. Upon The Secured Party agrees that upon the payment in full of the ObligationsIndebtedness, the Secured Party shall, upon request, shall promptly deliver to the Debtor a termination statement releasing statements and other agreements, and shall take such other actions, as are reasonably necessary to release the Collateral from the liens security interest created by this Agreement and do all further acts and execute and deliver all instruments and documents necessary to terminate the security interests granted hereinSecurity Agreement.