Lender Transfer. Upon the transfer of all or any part of the Obligations, Lender may transfer all or part of the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such Collateral so transferred, and the transferee shall be vested with all the rights and powers of Lender hereunder with respect to such Collateral so transferred, but with respect to any Collateral not so transferred, Lender shall retain all rights and powers hereby given.
Appears in 42 contracts
Samples: Loan and Security Agreement (Innventure, Inc.), Loan and Security Agreement (Arrowroot Acquisition Corp.), Loan and Security Agreement (Arrowroot Acquisition Corp.)
Lender Transfer. Upon the transfer of all or any part of the Obligations, any Lender may transfer all or part of its interest in the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such Collateral so transferred, and the transferee shall be vested with all the rights and powers of such Lender hereunder with respect to such Collateral so transferred, but with respect to any Collateral not so transferred, such Lender shall retain all rights and powers hereby given.
Appears in 2 contracts
Samples: Loan and Security Agreement (BTHC VI Inc), Loan and Security Agreement (Athersys, Inc / New)
Lender Transfer. Upon the transfer of all or any part of the ObligationsIndebtedness, Lender may transfer all or part of the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such Collateral so transferred, and the transferee shall be vested with all the rights and powers of Lender hereunder with respect to such Collateral so transferred, but with respect to any Collateral not so transferred, Lender shall retain all rights and powers hereby given.
Appears in 2 contracts
Samples: Security Agreement (Digital Generation Systems Inc), Security Agreement (Comps Com Inc)
Lender Transfer. Upon the a transfer of all or any part of the ObligationsObligations permitted under this Agreement, Lender may transfer all or part of the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such Collateral so transferred, and the transferee shall be vested with all the rights and powers of Lender hereunder with respect to such Collateral so transferred, but with respect to any Collateral not so transferred, Lender shall retain all rights and powers hereby given.
Appears in 2 contracts
Samples: Loan and Security Agreement (Nanosphere Inc), Loan and Security Agreement (Nanosphere Inc)
Lender Transfer. Upon the transfer of all or any part of the Obligations, Lender may transfer all or part of its security interest in the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such Collateral security interest so transferred, and the transferee shall be vested with all the rights and powers of Lender hereunder with respect to such Collateral security interest so transferred, but with respect to any Collateral security interest not so transferred, Lender shall retain all rights and powers hereby given.
Appears in 1 contract
Samples: Loan Agreement (Tercica Inc)
Lender Transfer. Upon the transfer of all or any part of the Obligations, Lender may transfer all or part of its security interest in the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such interests in the Collateral so transferred, and the transferee shall be vested with all the rights and powers of Lender hereunder with respect to such Collateral so transferred, but with respect to any interests in the Collateral not so transferred, Lender shall retain all rights and powers hereby given.
Appears in 1 contract
Lender Transfer. Upon the transfer of all or any part of the Obligations, Lender may transfer all or part of its interests in the Collateral and shall be fully discharged thereafter from all liability and responsibility with respect to such interests in the Collateral so transferred, and the transferee shall be vested with all the rights and powers of Lender hereunder with respect to such interests in the Collateral so transferred, but with respect to any interests in the Collateral not so transferred, Lender shall retain all rights and powers hereby given.
Appears in 1 contract
