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 and termination of the Commitments, whereupon such security interest shall terminate; provided, however, if any item of Financed Equipment is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.3, Lender shall release its security interest in such item of Financed 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 4.3, 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 and termination of the CommitmentsObligations, whereupon such security interest shall terminate; provided, however, if any item of Financed Equipment Collateral is subject to an Event of Loss, ; then following the prepayment of the Loan with respect to such item pursuant to Section 2.3SECTION 2.5, Lender shall release its security interest in such item of Financed EquipmentCollateral. Lender shall, at Borrower's sole cost and expense, execute and Borrower is authorized to file such further documents and take such further actions as may be reasonably necessary to effect the release contemplated by this Section 4.3SECTION 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 and termination of the CommitmentsObligations, whereupon such security interest shall terminate; provided, however, if any item of Financed Equipment Collateral is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.3SECTION 2.5, Lender shall release its security interest in such item of Financed EquipmentCollateral. Lender shall, at Borrower's sole cost and expense, execute and Borrower is authorized to file such further documents and take such further actions as may be reasonably necessary to effect the release contemplated by this Section 4.3SECTION 4.2, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

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 and termination of the CommitmentsObligations, whereupon such security interest shall terminate; provided, however, however ----------------- if any item of Financed Equipment is subject to an Event of Loss, then following the prepayment of the Loan with respect to such item pursuant to Section 2.32.5, Lender shall release its security interest in such item of Financed 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 4.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.