Lien Termination. BMS’ security interest in the Ambrx Collateral shall automatically terminate upon the first to occur of the following: (i) termination of this Agreement or (ii) the end of the second consecutive fiscal year during which Ambrx and its Affiliates have recorded positive combined commercial operating profits based upon recurring sources of revenue. BMS appoints Ambrx as its attorney in fact solely to record the release and termination of such security interest in accordance with this Agreement, and authorizes Ambrx to make such recordation. BMS’ foregoing appointment as attorney in fact, coupled with an interest, is irrevocable. BMS shall promptly sign all documents reasonably necessary or useful to document that BMS no longer has any security interest in the Ambrx Collateral, shall cooperate with Ambrx to record the release and termination of such security interests, and shall reimburse Ambrx for all expenses incurred by Ambrx in connection with this Section 7.9(g).
Lien Termination. On or prior to the Closing Date, all Liens (other than Permitted Liens) on the Company’s assets shall have been terminated.
Lien Termination. The Administrative Agent shall have received appropriate UCC and other termination statements, mortgage releases and such other documentation as shall be necessary to terminate, release or assign to the Administrative Agent all Liens encumbering any of the assets of the Credit Parties, other than Permitted Liens, in each case, in proper form for filing, registration or recordation in the appropriate jurisdictions.
Lien Termination. In recognition of Lender’s right to have all of its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding the payment in full of the Obligations, Lender shall not be required to execute or record any terminations or satisfactions of any of its liens on the Collateral unless and until Borrower (and all Guarantors) have executed and delivered to Lender general releases of all claims, in form and substance satisfactory to Lender in Lender’s sole discretion.
Lien Termination. In recognition of FINOVA's right to have all of its attorneys fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding the payment in full of the obligations, EINOVA shall not be required to execute or record any terminations or satisfactions of any of its liens on the Collateral unless and until Borrower and all Guarantors have executed and delivered to FINOVA general releases of all claims. inform and substance satisfactory to FINOVA in its sole discretion. Borrower: FINOVA: PC DYNAMICS OF TEXAS, INC. FINOVA CAPITAL CORPORATION Fed. Tax ID #00-0000000 By /s/ ----------------------------- By /s/ Xxxx Xxxxxxxx, Vice-President -------------------------- D. Xxxxxx Xxxxx, President FINOVA's address for notices: ----------------------------- Borrower's address for notices: FINOVA Capital Corporation ------------------------------- 000 Xxxxx Xxxxx Xxx 00000 XX 000 Xxxx Xxx Xxxxxxx, XX 00000 Xxxxxx, Xxxxx 00000 Attn: Xxxxxx Xxxxx Facsimile: (000) 000-0000 Attn: D. Xxxxxx Xxxxx Facsimile: 000-000-0000 With a copy to: --------------- FINOVA Capital Corporation 0000 Xxxxx Xxxxxxx Xxxxxx Xxxxxxx. XX 00000 Attn: Xxxxxx X. X'Xxxxx Facsimile: (000) 000-0000 And --- FINOVA Capital Corporation 000 Xxxxx Xxxxx Xxxxxx, Xxxxx 0000 Attn: Xxxxx Xxxxx Facsimile: 000-000-0000 STATE OF TEXAS ) )ss: COUNTY OF DALLAS ) BEFORE ME, a Notary Public, in and for said county and state, personally appeared the above-named PC Dynamics, a Texas corporation, by D. Xxxxxx Xxxxx, its President who acknowledged that he did sign the foregoing agreement and that the same is his free act and deed and the free act and deed of said corporation.
Lien Termination. In recognition of DLL’s right to have all of its attorneys’ fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding the payment in full of the Obligations, DLL shall not be required to execute or record any terminations or satisfactions of any of its liens on the Collateral unless and until Borrower and all Guarantors (if any) have executed and delivered to DLL general releases of all claims, in form and substance satisfactory to DLL in its sole discretion.
Lien Termination. In recognition of the Purchaser’s right to have its attorneys’ fees and other expenses incurred in connection with this Agreement secured by Collateral, notwithstanding payment in full of all Obligations by Seller, Purchaser shall not be required to record any terminations or satisfactions of any of Purchaser’s liens on the Collateral unless and until Seller has paid in full all of Purchaser’s legal fees and other actual expenses incurred in connection with this Agreement. Seller understands that this provision constitutes a waiver of its rights under Section 9-513 of the UCC. Once all Obligations, legal fees and expenses of Purchaser have been paid in full, Purchaser shall promptly deliver to Seller for recordation all necessary UCC-3 Termination Statements and other termination documents reasonably required to terminate and satisfy all of Purchaser’s liens on the Collateral.
Lien Termination. In recognition of FINOVA's right to have all of its attorneys' fees and other expenses incurred in connection with this Agreement secured by the Collateral, notwithstanding the payment in full of the Obligations, FINOVA shall not be required to record any terminations or satisfactions of any of its liens on the Collateral unless and until Borrower and any other Loan Party (to the extent required by FINOVA) have executed and delivered to FINOVA general releases of all claims, in form and substance satisfactory to FINOVA
Lien Termination. All Liens covering the Acquired Systems ---------------- shall have been terminated.
Lien Termination. BMS’ security interest in the Alder Collateral shall automatically terminate upon the first to occur of the following: (i) termination of this Agreement or (ii) the [***] during which Alder and its Affiliates have recorded [***]. Upon such termination of BMS’ security interest, BMS shall promptly sign all documents reasonably necessary or useful to document that BMS no longer has any security interest in the Alder Collateral, shall cooperate with AlderHoldings to record the release and termination of such security interests, and shall reimburse AlderHoldings for all expenses incurred by Alder in connection with this Section 7.3(g). In the event BMS fails to sign and record such release and termination, BMS appoints AlderHoldings its attorney in fact to sign and record such release and termination and authorizes AlderHoldings to sign and record such release and termination. Alder’s foregoing appointment as BMS’ attorney in fact, coupled with an interest, is irrevocable.
