Common use of Termination; Release Clause in Contracts

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 29 contracts

Samples: Security Agreement, Security Agreement (Renewable Innovations, Inc.), Canadian Security Agreement (TILT Holdings Inc.)

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Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the GrantorGrantors, (a) duly assign, transfer and deliver to or at the direction of the Grantor Grantors (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor Grantors a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 7 contracts

Samples: Security Agreement (TILT Holdings Inc.), Amended and Restated Security Agreement (TILT Holdings Inc.), Junior Security Agreement (TILT Holdings Inc.)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor Grantors a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 5 contracts

Samples: Canadian Security Agreement (TILT Holdings Inc.), Junior Canadian Security Agreement (TILT Holdings Inc.), Canadian Security Agreement (TILT Holdings Inc.)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the GrantorDebtor, (a) duly assign, transfer and deliver to or at the direction of the Grantor Debtor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor Debtor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 4 contracts

Samples: Fourth Amended and Restated Security Agreement (Hawker Energy, Inc.), Security Agreement (Hawker Energy, Inc.), Security Agreement (Sara Creek Gold Corp.)

Termination; Release. On the date on which all Secured Obligations have been indefeasibly paid and performed in fullfull in cash (the “Termination Date”), the Secured Party will, at the request and sole expense of the GrantorGrantors, (a) duly assign, transfer and deliver to or at the direction of the Grantor Grantors (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor Grantors a proper instrument or instruments acknowledging the satisfaction and termination of this Security Agreement.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Augusta Gold Corp.), Guaranty and Security Agreement (Augusta Gold Corp.)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Arcturus Therapeutics Holdings Inc.), Security Agreement (Arcturus Therapeutics Holdings Inc.)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the GrantorGrantors, (a) duly assign, transfer and deliver to or at the direction of the Grantor Grantors (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor Grantors a proper instrument or instruments acknowledging the satisfaction and termination of this AgreementAgreement and all other Loan Documents.

Appears in 2 contracts

Samples: Guaranty Agreement (Boxlight Corp), Guaranty Agreement (Boxlight Corp)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer transfer, and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Cardiff Lexington Corp)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party Parties will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the such Secured Party, together with any monies at the time held by the such Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 1 contract

Samples: Security Agreement (TimefireVR Inc.)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Athena Bitcoin Global)

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Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this AgreementAgreement and the rights granted hereunder.

Appears in 1 contract

Samples: Security Agreement (Spendsmart Networks, Inc.)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Acer Therapeutics Inc.)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (American Cannabis Company, Inc.)

Termination; Release. On the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (aGrantor,(a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Deep Green Waste & Recycling, Inc.)

Termination; Release. On or promptly after the date on which all Secured Obligations have been paid and performed in full, the Secured Party will, at the request and sole expense of the Grantor, (a) duly assign, transfer and deliver to or at the direction of the Grantor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to the Grantor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Rivulet Media, Inc.)

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