Common use of Duration of Security Interest Clause in Contracts

Duration of Security Interest. Agent'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 2.6, Agent shall release its security interest in such item of Collateral. Agent 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. Lenders’ and Agent'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 2.6Section 2.5, Lenders and Agent shall release its their security interest in such item of CollateralFinanced Equipment. Lenders and Agent shall, at Borrower's ’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 4.2Section 4.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Duration of Security Interest. Agent'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 2.6Section 2.5, Agent shall release its security interest in such item of CollateralFinanced Equipment. Agent 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 4.2Section 4.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.

Duration of Security Interest. Agent's security interest in the Collateral shall continue until the payment in full and the satisfaction of all ObligationsObligations and termination of the Commitments, whereupon such security interest shall terminate; provided, however, provided that 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 2.6Section 2.3, Agent shall release its security interest in such item of CollateralFinanced Equipment. Agent 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 4.2Section 4.3, including duly executing and delivering termination statements for filing in all relevant jurisdictions under the Code.