Common use of Release and Termination Clause in Contracts

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Collateral in accordance with the terms of the Loan Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, in the ordinary course of business), the Lender will, at the Grantor's sole expense, execute and deliver to the Grantor such documents as the Grantor shall reasonably request to evidence the release of such item of Copyright Collateral from the security interest granted hereby; provided, however, that (i) at the time of such request and such release and after giving effect thereto no Default shall have occurred and be continuing, (ii) the Grantor shall have delivered to the Lender, at least ten (10) Business Days prior to the date of the proposed release, a written request for release describing the item of the Copyright Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Lender and a certification by the Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Lender may request, and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied in accordance with Section 2.4 of the Loan Agreement shall be paid to, or in accordance with the instructions of, the Lender at the closing.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Collateral of any Grantor in accordance with the terms of the Loan Financing Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, in the ordinary course of business), the Lender Collateral Agent will, at the such Grantor's sole ’s expense, execute and deliver to the such Grantor such documents as the such Grantor shall reasonably request to evidence the release of such item of Copyright Collateral from the assignment and security interest granted herebyhereby or under any other Collateral Document; provided, however, provided that (ia) at the time of such request and such release and after giving effect thereto no Default shall have occurred and be continuing, (iib) the such Grantor shall have delivered to the LenderCollateral Agent, at least ten (10) Business Days prior to the date of the proposed release, a written request for release describing the item of the Copyright Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Lender Collateral Agent and a certification by the certificate of such Grantor to the effect that the transaction is in compliance with the Loan Financing Documents and as to such other matters as the Lender Collateral Agent may request, request and (iiic) the proceeds of any such sale, lease, transfer or other disposition required to be applied applied, or any payment to be made in connection therewith, in accordance with Section 2.4 of 2.03 shall, to the Loan Agreement shall extent so required, be paid or made to, or in accordance with the instructions of, the Lender at the closingCollateral Agent when and as required under Section 2.03.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Collateral in accordance with the terms of the Loan Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, in the ordinary course of business), the Lender Foothill will, at the GrantorBorrower's sole request and expense, execute and deliver to the Grantor Borrower such documents as the Grantor Borrower shall reasonably request to evidence the release of such item of Copyright Collateral from the assignment and security interest granted hereby; provided, however, that (i) at the time of such request and such release and after giving effect thereto no Event of Default shall have occurred and be continuingcontinuing and Foothill shall not deem itself insecure, (ii) the Grantor Borrower shall have delivered to the LenderFoothill, at least ten (10) Business Days prior to the date of the proposed release, a written request for release describing the item of the Copyright Collateral and Collateral, and, for dispositions in excess of $25,000 in value, the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Lender Foothill and a certification by the Grantor Borrower to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Lender may requestDocuments, and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied in accordance with Section 2.4 of the Loan Agreement shall be paid to, or in accordance with the instructions of, provisions of this Agreement and the Lender at the closingTerm Loan Agreement.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Intellectual Property Collateral in accordance with the terms of the Loan Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, in the ordinary course of business), the Lender willCollateral Agent shall, at the appropriate Grantor's sole expense, execute and deliver to the such Grantor such documents as the such Grantor shall reasonably request to evidence the release of such item of Copyright Intellectual Property Collateral from the assignment and security interest granted hereby; provided, however, that (i) at the time of such request and such release and after giving effect thereto release, no Default shall have occurred and be continuing, (ii) the such Grantor shall have delivered to the LenderCollateral Agent, at least ten (10) five Business Days prior to the date of the proposed release, a written request for release describing the item of the Copyright Intellectual Property Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detaildetail (including, including without limitation, the price thereof and any expenses in connection therewith), together with a form of release for execution by the Lender Collateral Agent and a certification by the such Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Lender Collateral Agent may request, request and (iii) the proceeds of any Collateral Agent shall have approved such sale, lease, lease transfer or other disposition required to be applied in accordance with Section 2.4 of the Loan Agreement shall be paid to, or in accordance with the instructions of, the Lender at the closingwriting.

Release and Termination. (a) Upon any sale, lease, transfer ----------------------- or other disposition of any item of Copyright Collateral in accordance with the terms of the Loan Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, in the ordinary course of business)Documents, the Lender Agent will, at the applicable Grantor's sole expense, execute and deliver to the such Grantor such documents as the such Grantor shall reasonably request to evidence the release of such item of Copyright Collateral from the assignment and security interest granted hereby; provided, however, that (i) at the time of -------- ------- such request and such release and after giving effect thereto release, no Event of Default shall have occurred and be continuing, (ii) except to the extent such sale, lease or transfer or other disposition is permitted under Section 5.02(e) of the Credit Agreement, such Grantor shall have delivered to the LenderAgent, at least ten (10) Business Days prior to the date of the proposed release, a written request for release describing the item of the Copyright Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including including, without limitation, the price thereof and any expenses in connection therewith, together with a form of release for execution by the Lender Agent and a certification by the such Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Lender Agent may request, reasonably request and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied in accordance with Section 2.4 2.07 of the Loan Credit Agreement shall be paid to, or in accordance with the instructions of, the Lender Agent at the closing.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Patent Collateral in accordance with the terms of the Loan Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, case in the ordinary course of business), the Lender will, at the Grantor's sole expense, execute and deliver to the Grantor such documents as the Grantor shall reasonably request to evidence the release of such item of Copyright Patent Collateral from the security interest granted hereby; provided, however, that (i) at the time of such request and such release and after giving effect thereto no Default shall have occurred and be continuing, (ii) the Grantor shall have delivered to the Lender, at least ten (10) Business Days prior to the date of the proposed release, a written request for release describing the item of the Copyright Patent Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Lender and a certification by the Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Lender may request, and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied in accordance with Section 2.4 of the Loan Agreement shall be paid to, or in accordance with the instructions of, the Lender at the closing.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Trademark Collateral in accordance with the terms of the Loan Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, case in the ordinary course of business), the Lender will, at the Grantor's sole expense, execute and deliver to the Grantor such documents as the Grantor shall reasonably request to evidence the release of such item of Copyright Trademark Collateral from the security interest granted hereby; provided, however, that (i) at the time of such request and such release and after giving effect thereto no Default shall have occurred and be continuing, (ii) the Grantor shall have delivered to the Lender, at least ten (10) Business Days prior to the date of the proposed release, a written request for release describing the item of the Copyright Trademark Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Lender and a certification by the Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Lender may request, and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied in accordance with Section 2.4 of the Loan Agreement shall be paid to, or in accordance with the instructions of, the Lender at the closing.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Collateral of any Grantor in accordance with the terms of the Loan Financing Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, in the ordinary course of business), the Lender Collateral Agent will, at the such Grantor's sole expense, execute and deliver to the such Grantor such documents as the such Grantor shall reasonably request to evidence the release of such item of Copyright Collateral from the assignment and security interest granted herebyhereby or under any other Collateral Document; provided, however, provided that (ia) at the time of such request and such release and after giving effect thereto no Default shall have occurred and be continuing, (iib) the such Grantor shall have delivered to the LenderCollateral Agent, at least ten (10) Business Days prior to the date of the proposed release, a written request for release describing the item of the Copyright Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Lender Collateral Agent and a certification by the certificate of such Grantor to the effect that the transaction is in compliance with the Loan Financing Documents and as to such other matters as the Lender Collateral Agent may request, request and (iiic) the proceeds of any such sale, lease, transfer or other disposition required to be applied applied, or any payment to be made in connection therewith, in accordance with Section 2.4 of 2.03 shall, to the Loan Agreement shall extent so required, be paid or made to, or in accordance with the instructions of, the Lender at the closingCollateral Agent when and as required under Section 2.03.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Collateral in accordance with the terms of the Loan Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, in the ordinary course of business), the Lender Administrative Agent will, at the Grantor's sole expenseexpense of the Grantor pledging such item of Collateral hereunder, execute and deliver to the such Grantor such documents as the such Grantor shall reasonably request to evidence the release of such item of Copyright Collateral from the assignment and security interest granted hereby; provided, however, that (i) at the time of such request and such release and after giving effect thereto no Default shall have occurred and be continuing, (ii) the such Grantor shall have delivered to the LenderAdministrative Agent, at least ten (10) Business Days days prior to the date of the proposed release, a written request for release describing the item of the Copyright Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Lender Administrative Agent and a certification by the such Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Lender Administrative Agent may request, and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied in accordance with Section 2.4 2.06 of the Loan Credit Agreement shall be paid to, or in accordance with the instructions of, the Lender Administrative Agent at the closing.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Copyright Collateral in accordance with the terms of the Loan Documents (other than sales of Inventory and grants of non-exclusive licenses, in each case, in the ordinary course of businessbusiness which shall automatically be released upon such sale), the Lender willAgent shall, at the applicable Grantor's sole expense, execute and deliver to the such Grantor such documents as the such Grantor shall reasonably request to evidence the release of such item of Copyright Collateral from the assignment and security interest granted hereby; providedPROVIDED, howeverHOWEVER, that (i) at the time of such request and such release and after giving effect thereto release, no Default shall have occurred and be continuing, (ii) the such Grantor shall have delivered to the LenderAgent, at least ten (10) Business Days prior to the date of the proposed release, a written request for release describing the item of Collateral to the Copyright Collateral extent required by the Credit Agreement and the terms of the sale, lease, transfer or other disposition in reasonable detaildetail (including, including without limitation, the price thereof and any expenses in connection therewith), together with a form of release for execution by the Lender and a certification by the such Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Lender Agent may reasonably request, and (iii) to the extent that the proceeds of any such sale, lease, lease or transfer or other disposition are required to be applied in accordance with Section 2.4 2.06 of the Loan Agreement Credit Agreement, such proceeds shall be paid to, or in accordance with the instructions of, the Lender Agent at the closingclosing thereof and (iv) the Agent shall have approved such sale, lease, transfer or other disposition in writing, except if such sale, lease, transfer or other disposition is permitted under the Credit Agreement.