Payment of Indebtedness; Satisfaction Sample Clauses

Payment of Indebtedness; Satisfaction. If the Company shall have paid and discharged all of the Obligations, and if the Commitments of the Lenders under the Credit Agreement shall have been terminated or expired, then this Security Agreement shall terminate, and the Agent shall forthwith cause to be assigned, transferred and delivered, against receipt but without any recourse, warranty or representation whatsoever, and at Company's sole expense, any remaining CC Collateral and money received in respect of the CC Collateral, to or on the order of the Company. The Agent shall also, upon the written request of the Company and at the Company's sole expense, execute and deliver to the Company upon such termination such Uniform Commercial Code termination statements, and such other documentation as shall be reasonably requested by the Company to effect the termination and release of the Liens granted by this Security Agreement on the CC Collateral.
Sample 1Sample 2
AutoNDA by SimpleDocs
Payment of Indebtedness; Satisfaction. 26 ARTICLE VI AGENT................................................................................ 27 Section 6.01. Agent. .............................................................. 27
Sample 1Sample 2
Payment of Indebtedness; Satisfaction. If the Company shall have paid and discharged all of the Obligations, and if the Commitments of the Lenders under the Credit Agreement shall have been terminated or expired, then upon the written request of the Company, and at the expense of the Company, the Agent shall execute and deliver to the Company a release or releases of the Subject Collateral from the security interest of this Security Agreement in such form as may be reasonably requested by the Company.
Sample 1Sample 2
Payment of Indebtedness; Satisfaction. If the Mortgagor shall pay and discharge all of the Obligations then, upon Mortgagor Request, this Chattel Mortgage and the Lien, rights and interests in all the Collateral, hereby granted shall cease, terminate and become null and void, and the Mortgagee shall execute and deliver to the Mortgagor such instruments of satisfaction and discharge of this Chattel Mortgage, and the Lien hereof, as may be reasonably requested by Mortgagor, and, pay and deliver upon Mortgagor Order all monies and other personal property then held as collateral security (but excluding any monies received by Mortgagee in payment of the Obligations) by the Mortgagee hereunder. All such instruments and documents of release or discharge shall be prepared and filed at the sole cost and expense of Mortgagor and shall be reasonably satisfactory in form and substance to the Mortgagee.
Sample 1
Payment of Indebtedness; Satisfaction. On the payment in full and discharge of the Tern Note and the satisfaction of all other Obligations, this Mortgage and the lien, rights and interests hereby granted shall cease and become null and void, and the Mortgagee, on the written request of the Borrower and at the Borrower's expense, shall execute and deliver to the Borrower all instruments of satisfaction as may be necessary to satisfy and discharge this Mortgage.
Sample 1

Related to Payment of Indebtedness; Satisfaction

  • Payment of Indebtedness Pledgor will pay the principal sum of the Note secured hereby, together with interest thereon, at the time and in the manner provided in the Note.

  • Repayment of Indebtedness Except as disclosed in the Registration Statement and the Prospectus, the Company does not intend to use any of the proceeds from the sale of the Shares to repay any debt owed to the Sales Agent or the Forward Seller or any affiliate thereof.

  • Prepayment of Indebtedness At any time, directly or indirectly, prepay any Indebtedness (other than to Lenders), or repurchase, redeem, retire or otherwise acquire any Indebtedness of any Borrower.

  • Satisfaction of Indebtedness Until the Indebtedness has been indefeasibly paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender under the Credit Facility have been terminated, Lender shall be entitled to retain the security interests in the Collateral granted under the Loan Documents and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws.

  • PAYMENT OF INDEBTEDNESS BY RELATED PERSONS Except as expressly provided in this Agreement, Sellers will cause all indebtedness owed to an Acquired Company by any Seller or any Related Person of any Seller to be paid in full prior to Closing.

  • Payments of Indebtedness Borrower will not, and will not permit any of its Subsidiaries to, make any payments in respect of any Indebtedness other than (i) the Obligations and (ii) subject to any applicable terms of subordination, other Permitted Indebtedness.

  • Payment of Indebtedness and Performance of Obligations The Borrower shall pay and discharge when due all lawful Indebtedness, obligations and claims for labor, materials and supplies or otherwise which, if unpaid, could reasonably be expected to (a) have a Material Adverse Effect on the Borrower or (b) give rise to the imposition of a Lien (other than a Permitted Lien) upon the property of the Borrower, unless and to the extent only that the validity of such Indebtedness, obligation or claim shall be contested in good faith and by appropriate proceedings diligently conducted by or on behalf of the Borrower, and provided that such reserve or other appropriate provision as shall be required in accordance with Applicable Accounting Principles shall have been made therefor.

  • Amendment, Etc. of Indebtedness Amend, modify or change in any manner any term or condition of any Indebtedness set forth in Schedule 7.02, except for any amendment, refinancing, refunding, renewal or extension thereof permitted by Section 7.02(e).

  • Restriction on Prepayment of Indebtedness The Borrower and the Guarantors will not, and will not permit their respective Subsidiaries to, (a) subject to §12.5, prepay, redeem, defease, purchase or otherwise retire the principal amount or pay any termination, breakage or similar payments under Derivative Contracts, in whole or in part, of any Indebtedness other than the Obligations and the Hedge Obligations after the occurrence and during the continuance of any Event of Default; provided, that the foregoing shall not prohibit (x) the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of §8.1; and (y) the prepayment, redemption, defeasance or other retirement of the principal of Indebtedness secured by Real Estate which is satisfied solely from the proceeds of a sale of the Real Estate securing such Indebtedness; and (b) modify any document evidencing any Indebtedness (other than the Obligations) to accelerate the maturity date of such Indebtedness after the occurrence and during the continuance of an Event of Default.

  • Acknowledgement of Indebtedness 2.1 The Company and the Subscriber acknowledge and agree that the Company is indebted to the Subscriber in the amount of the Outstanding Amount.

Time is Money Join Law Insider Premium to draft better contracts faster.