Conditional Release of Collateral from Security Interest. At any time prior to the Maturity Date, Borrower may request that PFG release its security interest and lien on all or part of Borrower’s Intellectual Property, and PFG shall release such security interest and lien, provided, however, that Borrower’s right to make such request and PFG’s obligation to honor such request shall be expressly conditioned on the following:
Appears in 4 contracts
Samples: 2007 Term Loan and Security Agreement (Bioject Medical Technologies Inc), Term Loan and Security Agreement (Bioject Medical Technologies Inc), 2006 Term Loan and Security Agreement (Bioject Medical Technologies Inc)
