Acknowledgement of Termination. Promptly following inquiry from any Holder of Subordinated Indebtedness, Briar or any assignee, as the case may be, shall (i) confirm in writing to the Holder of Subordinated Indebtedness that Briar, or such assignee, is the holder of the Briar Obligations and (ii) inform the Holder of Subordinated Indebtedness in writing either (A) that this Agreement remains in effect, or (B) that the Loan Agreement has been irrevocably terminated and the Briar Obligations satisfied in full.
Appears in 7 contracts
Samples: Subordination Agreement (Integrated Security Systems Inc), Subordination Agreement (Integrated Security Systems Inc), Subordination Agreement (Integrated Security Systems Inc)
