Common use of Release and Termination of Security Interests Clause in Contracts

Release and Termination of Security Interests. Target’s assets shall have been released from all security interests thereon and Target shall have taken all steps necessary to terminate all UCC financing statements which have been filed with respect to such security interests.

Release and Termination of Security Interests. Except for the NJEDA Loan, Target’s assets shall have been released from all security interests thereon and Target shall have taken all steps necessary to terminate all UCC financing statements statements, which have been filed with respect to such security interestsinterest, if any.

Release and Termination of Security Interests. Target’s assets shall have been released from all security interests thereon and Target shall have taken all steps necessary to terminate all UCC financing statements which have been filed with respect to such security interestsinterest, if any.

Release and Termination of Security Interests. Target’s assets shall have been released from all security interests thereon and Target shall have taken all steps necessary to terminate all UCC financing statements which have been filed with respect to such security interestsinterests or evidence that such releases shall become effective upon the payment of the amounts set forth in the payoff letters delivered pursuant to Section 7.2(o) other than any leases associated with the capital leases listed on Schedule 7.2(o).