Common use of Discharge of Borrower Clause in Contracts

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 11 contracts

Samples: Loan and Security Agreement (Aviation Group Inc), Loan and Security Agreement (Xetel Corp), Loan and Security Agreement (Dynamic Health Products Inc)

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Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 3 contracts

Samples: Loan and Security Agreement (Indesco International Inc), Loan and Security Agreement (Adept Technology Inc), Loan and Security Agreement (Adept Technology Inc)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender Lenders have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens Liens of Lender Lenders in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 3 contracts

Samples: Participation and Loan and Security Agreement (K-Sea Tranportation Partners Lp), Participation and Loan and Security Agreement (K-Sea Tranportation Partners Lp), Participation and Loan and Security Agreement (K-Sea Transportation Partners Lp)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests interest and liens of Lender in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Drugmax Com Inc), Loan and Security Agreement (Dynamic Health Products Inc)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then existing and thereafter-thereafter- arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bradley Pharmaceuticals Inc), Loan and Security Agreement (Williams Industries Inc)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender the Administrative Agent, the L/C Issuer, the Collateral Trustee or the Lenders have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens Liens granted in favor of Lender the Administrative Agent or the Collateral Trustee in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp), Loan and Security Agreement (K-Sea Transportation Partners Lp)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then then-existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Enamelon Inc), Cytogen Corporation Loan and Security Agreement (Cytogen Corp)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender the Administrative Agent the Collateral Trustee or the Lenders have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens Liens granted in favor of Lender the Administrative Agent or the Collateral Trustee in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 1 contract

Samples: Bridge Loan Agreement (K-Sea Transportation Partners Lp)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its his Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Us 1 Industries Inc)

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Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligationsobligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Xircom Inc)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in fullfull (other than unasserted indemnity claims), including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Ohio Art Co)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and an d waivers of Borrower.

Appears in 1 contract

Samples: Loans and Security Agreement (Inmold Inc)

Discharge of Borrower. No Except as otherwise provided in Section 9.3, no termination of this Agreement shall relieve or discharge Borrower Borrowers of its Obligationstheir obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender have been indefeasibly fully and finally paid and satisfied in fullsatisfied, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender in and upon all then existing and thereafter-arising or acquired Collateral and all warranties and waivers of BorrowerBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (For Better Living Inc)

Discharge of Borrower. No termination of this Agreement shall relieve or discharge Borrower of its Obligations, grants of Collateral, duties and covenants hereunder or otherwise until such time as all Obligations to Lender Agent and Lenders have been indefeasibly terminated, paid and satisfied in full, including, without limitation, the continuation and survival in full force and effect of all security interests and liens of Lender Agent, for the benefit of Lenders, in and upon all then existing and thereafter-thereafter arising or acquired Collateral and all warranties and waivers of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Buckeye Partners L P)

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