Partial Collateral Release. In respect of Collateral that is disposed of in connection with a Permitted Asset Disposition, the security interest in such Collateral (but not in respect of Collateral not so disposed of) shall be automatically terminated upon such disposition without any further action by any party.
Appears in 3 contracts
Samples: Credit and Security Agreement (Accuray Inc), Credit and Security Agreement (Accuray Inc), Credit and Security Agreement (Accuray Inc)
Partial Collateral Release. In respect of Collateral that is disposed of in connection with a Permitted Asset Dispositionmanner permitted hereunder, the security interest in such Collateral (but not in respect of Collateral not so disposed of) shall be automatically terminated upon such disposition without any further action by any party.
Appears in 3 contracts
Samples: Credit, Security and Guaranty Agreement (Wright Medical Group N.V.), Credit and Security Agreement (Endologix Inc /De/), Credit, Security and Guaranty Agreement (Wright Medical Group N.V.)
