Common use of Duration of Security Interest Clause in Contracts

Duration of Security Interest. Lenders’ security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the Loans, whereupon such security interest shall terminate. Lenders 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 executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Appears in 5 contracts

Samples: Loan and Security Agreement (MAP Pharmaceuticals, Inc.), Venture Loan and Security Agreement (MAP Pharmaceuticals, Inc.), Venture Loan and Security Agreement (Northstar Neuroscience, Inc.)

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Duration of Security Interest. Lenders’ Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lenders’ Lender’s commitment to fund the any Loans, whereupon such security interest shall terminate. Lenders 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 executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Appears in 5 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Tengion Inc), Venture Loan and Security Agreement (Tengion Inc)

Duration of Security Interest. Lenders’ 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 Lenders’ commitment to fund the Loans, Loans whereupon such security interest shall terminate. Lenders 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 executing authorizing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Appears in 3 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Ambit Biosciences Corp), Venture Loan and Security Agreement (Ambit Biosciences Corp)

Duration of Security Interest. Lenders' security interest in the ----------------------------- Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the LoansObligations, whereupon such security interest shall terminate. Lenders shallLenders, 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 ------------ executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.

Appears in 1 contract

Samples: Loan Agrloan and Security Agreement (Pilot Network Services Inc)

Duration of Security Interest. Lenders' security interest in the Collateral shall continue until the payment or prepayment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the LoansObligations, whereupon such security interest shall terminate. Lenders shallLenders, upon payment in full and the satisfaction of the Obligations, shall execute, 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 and/or termination contemplated by this Section 4.35.02, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Acusphere Inc)

Duration of Security Interest. Lenders' security interest in ----------------------------- the Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the LoansObligations, whereupon such security interest shall terminate. Lenders shallLenders, 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 ------------ executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.

Appears in 1 contract

Samples: Loan and Security Agreement (Onvia Com Inc)

Duration of Security Interest. Lenders' security interest in the ----------------------------- Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the LoansObligations, whereupon such security interest shall terminate. Lenders shallLenders, 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 executing and delivering termination ------------ statements for filing in all relevant jurisdictions under the Codejurisdictions.

Appears in 1 contract

Samples: Loan and Security Agreement (Exodus Communications Inc)

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Duration of Security Interest. Lenders' security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the LoansCommitments, whereupon such security interest shall terminate. Lenders 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 4.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code. Lenders further agree to release their Lien, if reasonably requested by Borrower, to effectuate any Transfers permitted under Section 7.4.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Myogen Inc)

Duration of Security Interest. Lenders' security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the LoansObligations, whereupon such security interest shall terminate. Lenders shallLenders, 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 executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.

Appears in 1 contract

Samples: Loan and Security Agreement (Tripath Imaging Inc)

Duration of Security Interest. Lenders’ security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the any Loans, whereupon such security interest shall terminate. Lenders 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 executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Sunesis Pharmaceuticals Inc)

Duration of Security Interest. Lenders’ security interest in the Collateral shall continue until the indefeasible payment in full and the satisfaction of all Obligations and termination of Lenders’ commitment to fund the LoansLoan, whereupon such security interest shall terminate. Lenders shall, at Borrower’s Co-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 executing authorizing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Satcon Technology Corp)

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