Common use of Duration of Security Interest Clause in Contracts

Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations, whereupon such security interest shall terminate; provided, however, if any item of Collateral is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.5, Lender shall release its security interest in such item of Collateral. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be necessary to effect the release contemplated by this Section 4.2, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

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 indemnity obligations which have not arisen prior to the date of repayment in full of all other Obligations) and termination of Lender’s commitment to fund the Loans, whereupon such security interest shall terminate; provided, however, if any item of Collateral is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.5, Lender shall release its security interest in such item of Collateral. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to effect make effective the release contemplated by this Section 4.24.3, including duly executing authorizing and delivering termination statements for filing in all relevant jurisdictions under the Code.

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, whereupon such security interest shall terminate; provided, however, if any item of Collateral Financed Equipment is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.5, Lender shall release its security interest in such item of CollateralFinanced Equipment. Lender shall, at Borrower’s 's sole cost and expense, execute such further documents and take such further actions as may be necessary to effect the release contemplated by this Section 4.24.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

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, whereupon such security interest shall terminate; provided, however, if any item of Collateral is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section SECTION 2.5, Lender shall release its security interest in such item of Collateral. Lender shall, at Borrower’s 's sole cost and expense, execute such further documents and take such further actions as may be necessary to effect the release contemplated by this Section SECTION 4.2, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Duration of Security Interest. Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations, whereupon such security interest shall terminate; provided, however, if any item of Collateral Financed Equipment is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.5, Lender shall release its security interest in such item of CollateralFinanced Equipment. Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to effect the release contemplated by this Section 4.24.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

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, whereupon such security interest shall terminate; provided, however, if any item of Collateral is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section SECTION 2.5, Lender shall release its security interest in such item of Collateral. Lender shall, at Borrower’s sole cost and expense, shall execute such further documents and take such further actions as may be necessary to effect the release contemplated by this Section SECTION 4.2, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

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, whereupon such security interest shall terminate; provided, however, that if any item of Collateral is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.56.01(e), Lender shall promptly release its security interest in such item of Collateral. Lender shall, at Borrower’s sole cost and expense, shall promptly execute such further documents and take such further actions as may be necessary to effect the release and/or termination contemplated by this Section 4.25.02, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.

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, whereupon such security interest shall terminate; provided, however, that if any item of Collateral is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.56.01(e), Lender shall release its security interest in such item of Collateral. Lender shall, at Borrower’s sole cost and expense, shall execute such further documents and take such further actions as may be necessary to effect the release and/or termination contemplated by this Section 4.25.02, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.

Duration of Security Interest. Lender’s Lenders’ security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations, whereupon such security interest shall terminate; provided, however, if any item of Collateral Financed Equipment is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.5, Lender Lenders shall release its their security interest in such item of CollateralFinanced Equipment. Lender Lenders shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be reasonably necessary to effect the release contemplated by this Section 4.24.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Duration of Security Interest. Subject to Section 5.06 herein, Lender’s security interest in the Collateral shall continue until the payment in full and the satisfaction of all Obligations, whereupon such security interest shall terminate; provided, however, that if any item of Collateral is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.56.01(e), Lender shall release its security interest in such item of Collateral. Lender shall, at Borrower’s sole cost and expense, shall execute such further documents and take such further actions as may be necessary to effect the release and/or termination contemplated by this Section 4.2Sections 5.02 and 5.06, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.

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, whereupon such security interest shall terminate; provided, however, that if any item of Collateral is subject to `an Event of Loss', then following the prepayment of the Loan with respect to such item pursuant to Section 2.56.01(e), Lender shall release its security interest in such item of Collateral. Lender shall, at Borrower’s sole cost and expense, shall execute such further documents and take such further actions as may be necessary to effect the release and/or termination contemplated by this Section 4.25.02, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Codejurisdictions.