Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 4 contracts
Samples: Security Agreement, Security Agreement (Ambit Biosciences Corp), Security Agreement (Ambit Biosciences Corp)
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Obligations, whereupon such security interest shall terminate. Lender shallLender, at Borrower’s sole cost upon payment in full and expensethe satisfaction of the Obligations, shall execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release and/or termination contemplated by this Section 4.35.02, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.
Appears in 4 contracts
Samples: Loan and Security Agreement (Pharsight Corp), Loan and Security Agreement (Signal Pharmaceuticals Inc), Loan and Security Agreement (Shaman Pharmaceuticals Inc)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Loans, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 3 contracts
Samples: Venture Loan and Security Agreement (Xtera Communications, Inc.), Venture Loan and Security Agreement (Pharmasset Inc), Venture Loan and Security Agreement (Pharmasset Inc)
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Obligations, whereupon such security interest shall terminate. Lender shall, at Borrower’s 's sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release contemplated by this Section 4.3SECTION 4.2, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 3 contracts
Samples: Loan and Security Agreement (NeuroMetrix, Inc.), Loan and Security Agreement (Skystream Networks Inc), Loan and Security Agreement (Vnus Medical Technologies Inc)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Loans, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 3 contracts
Samples: Venture Loan and Security Agreement (Enphase Energy, Inc.), Venture Loan and Security Agreement (Enphase Energy, Inc.), Venture Loan and Security Agreement (Enphase Energy, Inc.)
Duration of Security Interest. Subject to Section 5.06, Lender’s 's ----------------------------- ------------ security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Obligations, whereupon such security interest shall terminate. Lender shallLender, at Borrower’s sole cost upon payment in full and expensethe satisfaction of the Obligations, shall promptly execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release and/or termination contemplated by this Section 4.35.02, including duly authorizing executing and delivering ------------ termination statements for filing in all relevant jurisdictions under the Codejurisdictions.
Appears in 2 contracts
Samples: Loan and Security Agreement (Corsair Communications Inc), Loan and Security Agreement (Corsair Communications Inc)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) obligations of Borrower under this Note, and the termination of Lender’s any commitment to fund the Loans any Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.36(c), including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 2 contracts
Samples: Note and Security Agreement (Non Invasive Monitoring Systems Inc /Fl/), Note and Security Agreement (Non Invasive Monitoring Systems Inc /Fl/)
Duration of Security Interest. The Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Obligations, whereupon such security interest shall automatically terminate. Lender shall, at Borrower’s sole cost and expense, shall promptly execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.32.2, including duly authorizing and delivering termination statements for filing in all relevant jurisdictions under the CodeUCC.
Appears in 2 contracts
Samples: Security Agreement (Midwest Holding Inc.), Loan, Convertible Preferred Stock and Convertible Senior Secured Note Purchase Agreement (Midwest Holding Inc.)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Loans, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 2 contracts
Samples: Venture Loan and Security Agreement (Singulex Inc), Venture Loan and Security Agreement (Cereplast Inc)
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s 's commitment to fund the Loans Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s 's sole cost and expense, promptly execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 2 contracts
Samples: Venture Loan and Security Agreement (Activbiotics Inc), Venture Loan and Security Agreement (Activbiotics Inc)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) obligations of Borrower under this Note, and the termination of Lender’s any commitment to fund the Loans any Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, 6(c). including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 2 contracts
Samples: Note and Security Agreement (Cellular Technical Services Co Inc), Note and Security Agreement (Cellular Technical Services Co Inc)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans ), whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release contemplated by this Section 4.34.2, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Knightscope, Inc.)
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) obligations of Borrower under this Note, and the termination of Lender’s any commitment to fund the Loans any Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s 's sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, 5(c). including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 2 contracts
Samples: Note and Security Agreement (Frost Phillip Md Et Al), Note and Security Agreement (Modigene Inc.)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s Borrowers’ sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Everyday Health, Inc.)
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Obligations, whereupon such security interest shall terminate. Lender shall, at Borrower’s 's sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release contemplated by this Section 4.34.2, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligationsobligations that have not yet arisen) and termination of Lender’s 's commitment to fund the Loans Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s 's sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Isilon Systems, Inc.)
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full of the Outstanding Principal Balance, all accrued and unpaid interest and all Obligations. Lender, upon payment in full of the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans whereupon such security interest Note, shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release and/or termination contemplated by this Section 4.35.02, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.
Appears in 1 contract
Samples: Credit and Security Agreement (NovaRay Medical, Inc.)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity indemnification and similar obligations) ), and termination of Lender’s commitment to fund the Loans Loan, whereupon such security interest shall automatically terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (Interleukin Genetics Inc)
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Obligations, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release contemplated by this Section 4.34.2, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans Obligations, whereupon such security interest shall terminate. Lender shallLender, at Borrower’s sole cost upon payment in full and expensethe satisfaction of the Obligations, shall execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release and/or termination contemplated by this Section 4.3SECTION 5.02, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.
Appears in 1 contract
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans payment Obligations, whereupon such security interest shall terminate. Lender shallLender, at Borrower’s sole cost and expenseupon payment in full of all payment Obligations, shall execute such further documents and take such further actions as may be reasonably necessary to make effective effect the release and/or termination contemplated by this Section 4.35.02, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.
Appears in 1 contract
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) and termination of Lender’s commitment to fund the Loans any Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Samples: Venture Loan and Security Agreement (eXegenics Inc)
Duration of Security Interest. Lender’s 's security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate the contingent indemnity obligationsobligations in Section 10.3 below) and termination of Lender’s 's commitment to fund the Loans Loans, whereupon such security interest shall terminate. Lender shall, at Borrower’s 's sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations (other than inchoate indemnity obligations) obligations of Borrower under this Third Amended and Restated Note, and the termination of Lender’s any commitment to fund the Loans any Loan, whereupon such security interest shall terminate. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to make effective the release contemplated by this Section 4.3, 5(c). including duly authorizing executing and delivering termination statements for filing in all relevant jurisdictions under the Code.
Appears in 1 contract
Samples: Subordinated Note and Security Agreement (Opko Health, Inc.)