Agent Transfer. Upon the transfer of all or any part of the Obligations, Agent may transfer all or part of the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such Collateral so transferred, and the transferee shall be vested with all the rights and powers of Agent hereunder with respect to such Collateral so transferred, but with respect to any Collateral not so transferred, Agent shall retain all rights and powers hereby given.
Appears in 7 contracts
Samples: Loan and Security Agreement (Cytosorbents Corp), Loan and Security Agreement (Abeona Therapeutics Inc.), Loan and Security Agreement (Beyond Air, Inc.)
Agent Transfer. Upon the transfer of all or any part of the ObligationsObligations in accordance with the terms of this Agreement and the Loan Documents, Agent may transfer all or part of the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such Collateral so transferred, and the transferee shall be vested with all the rights and powers of Agent hereunder with respect to such Collateral so transferred, but with respect to any Collateral not so transferred, Agent shall retain all rights and powers hereby given.
Appears in 1 contract
Samples: Loan and Security Agreement (Health Sciences Acquisitions Corp 2)
Agent Transfer. Upon the transfer of all or any part of the ObligationsObligations in accordance with the provisions of this Agreement, Agent may transfer all or part of the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such Collateral so transferred, and the transferee shall be vested with all the rights and powers of Agent hereunder with respect to such Collateral so transferred, but with respect to any Collateral not so transferred, Agent shall retain all rights and powers hereby given.
Appears in 1 contract
