Release of Collateral and Termination. (a) At such time as the ------------------------------------- payment in full of the Notes, the Reimbursement Obligations and the other Obligations then due and owing shall have occurred, the Commitments have been terminated and the Letters of Credit have expired, terminated or been returned to the Issuing Lender, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Borrower hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Borrower. Upon request of the Borrower following any such termination, the Administrative Agent shall deliver (at the sole cost and expense of the Borrower) to the Borrower any Collateral held by the Administrative Agent hereunder, and execute and deliver (at the sole cost and expense of the Borrower) to the Borrower such documents as the Borrower shall reasonably request to evidence such termination. (b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower in a transaction permitted by the Credit Agreement, then the Administrative Agent shall execute and deliver to the Borrower (at the sole cost and expense of the Borrower) all releases or other documents necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
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Release of Collateral and Termination. (a) At such time as the ------------------------------------- payment in full of the Notes, the Reimbursement Obligations and the other Obligations then due and owing shall have occurred, the Commitments have been terminated and the Letters of Credit have expired, terminated or been returned to the Issuing Lender, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Borrower Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the BorrowerGrantor. Upon request of the Borrower Grantor following any such termination, the Administrative Agent shall deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor any Collateral held by the Administrative Agent hereunder, and execute and deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower Grantor such documents as the Borrower Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent shall execute and deliver to the Borrower Grantor (at the sole cost and expense of the BorrowerGrantor) all releases or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.. 18 19
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Samples: Subsidiary Patent and Trademark Security Agreement (Raci Holding Inc)
Release of Collateral and Termination. (a) At such time as Upon the ------------------------------------- payment in full or Legal Defeasance of all principal of, interest on, premium, if any, and Liquidated Damages, if any, with respect to the Notes, the Reimbursement Obligations Notes and the any other Obligations for the payment of money then due and owing shall have occurred, to any Noteholder or the Commitments have been terminated Trustee under the Indenture and the Letters of Credit have expired, terminated or been returned to the Issuing LenderCollateral Documents, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent Trustee and the Borrower each Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Borrowereach Grantor. Upon request of the Borrower any Grantor following any such termination, the Administrative Agent Trustee shall deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower such Grantor any Collateral held by the Administrative Agent Trustee hereunder, and execute and deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower such Grantor such documents as the Borrower such Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower any Grantor in a transaction permitted by the Credit AgreementIndenture, then the Administrative Agent Trustee shall execute and deliver to the Borrower such Grantor (at the sole cost and expense of the Borrowersuch Grantor) all releases releases, termination statements or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
Appears in 1 contract
Samples: Security Agreement (RBX Corp)
Release of Collateral and Termination. (a1) At such time as Upon the ------------------------------------- payment in full or Legal Defeasance of all principal of, interest on, premium, if any, and Liquidated Damages, if any, with respect to the Notes, Notes and all Obligations for the Reimbursement Obligations and the other Obligations payment of money then due and owing shall have occurred, to any Noteholder or the Commitments have been terminated Trustee under the Indenture and the Letters of Credit have expired, terminated or been returned to the Issuing LenderCollateral Documents, the Collateral shall be released from the Liens created hereby, and this Copyright Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent Trustee and the Borrower each Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Borrowereach Grantor. Upon request of the Borrower any Grantor following any such termination, the Administrative Agent Trustee shall deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower such Grantor any Collateral held by the Administrative Agent Trustee hereunder, and execute and deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower such Grantor such documents as the Borrower such Grantor shall reasonably request to evidence such termination.
(b2) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower any Grantor in a transaction permitted by the Credit AgreementIndenture, then the Administrative Agent Trustee shall execute and deliver to the Borrower such Grantor (at the sole cost and expense of the Borrowersuch Grantor) all releases releases, termination statements or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
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Release of Collateral and Termination. (a) At such time as the ------------------------------------- payment in full of the Notes, the all Reimbursement Obligations and the any other Obligations amount then due and owing shall to any Lender or the Agent under any Loan Document have occurredbeen paid in full, the Commitments have been terminated and the Letters of Credit have expired, terminated or been returned to the Issuing LenderLenders, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Borrower each Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Borrowersuch Grantor. Upon request of the Borrower any Grantor following any such termination, the Administrative Agent shall deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower such Grantor any Collateral held by the Administrative Agent hereunder, and execute and deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower such Grantor such documents as the Borrower such Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower any Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent shall execute and deliver to the Borrower such Grantor (at the sole cost and expense of the Borrowersuch Grantor) all releases releases, termination statements or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
Appears in 1 contract
Samples: Senior Security Agreement (RBX Corp)
Release of Collateral and Termination. (a1) At such time as Upon the ------------------------------------- payment in full or Legal Defeasance of all principal of, interest on, premium, if any, and Liquidated Damages, if any, with respect to the Notes, Notes and all Obligations for the Reimbursement Obligations and the other Obligations payment of money then due and owing shall have occurred, to any Noteholder or the Commitments have been terminated Trustee under the Indenture and the Letters of Credit have expired, terminated or been returned to the Issuing LenderCollateral Documents, the Collateral shall be released from the Liens created hereby, and this Patent Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent Trustee and the Borrower each Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Borrowereach Grantor. Upon request of the Borrower any Grantor following any such termination, the Administrative Agent Trustee shall deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower each Grantor any Collateral held by the Administrative Agent Trustee hereunder, and execute and deliver (at the sole cost and expense of the Borrowersuch Grantor) to the Borrower such Grantor such documents as the Borrower such Grantor shall reasonably request to evidence such termination.
(b2) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower any Grantor in a transaction permitted by the Credit AgreementIndenture, then the Administrative Agent Trustee shall execute and deliver to the Borrower such Grantor (at the sole cost and expense of the Borrowersuch Grantor) all releases releases. termination statements or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
Appears in 1 contract
Samples: Patent Security Agreement (RBX Corp)
Release of Collateral and Termination. (a) At such time as Upon the ------------------------------------- payment in full or Legal Defeasance of all principal of, interest on, premium, if any, and Liquidated Damages, if any, with respect to the Notes, the Reimbursement Obligations Notes and the any other Obligations for the payment of money then due and owing shall have occurred, to any Noteholder or the Commitments have been terminated Trustee under the Indenture and the Letters of Credit have expired, terminated or been returned to the Issuing LenderCollateral Documents, the Collateral shall be released from the Liens created hereby, and this Trademark Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent Trustee and the Borrower each Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Borrowereach Grantor. Upon request of the Borrower each Grantor following any such termination, the Administrative Agent Trustee shall deliver (at the sole cost and expense of the Borrowereach Grantor) to the Borrower any each Grantor and Collateral held by the Administrative Agent Trustee hereunder, and execute and deliver (at the sole cost and expense of the Borrowereach Grantor) to the Borrower each Grantor such documents as the Borrower each Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower each Grantor in a transaction permitted by the Credit AgreementIndenture, then the Administrative Agent Trustee shall execute and deliver to the Borrower each Grantor (at the sole cost and expense of the Borrowereach Grantor) all releases releases, termination statements or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
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Release of Collateral and Termination. (a) At such time as the ------------------------------------- payment in full of the Notes, the Reimbursement Obligations and the other Secured Obligations then due and owing shall have occurred, the Commitments have been terminated and the Letters of Credit have expired, terminated or been returned to the Issuing Lender, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Borrower Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the BorrowerGrantor. Upon request of the Borrower Grantor following any such termination, the Administrative Agent shall deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor any Collateral held by the Administrative Agent hereunder, and execute and deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor such documents as the Borrower Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent shall execute and deliver to the Borrower Grantor (at the sole cost and expense of the BorrowerGrantor) all releases or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
Appears in 1 contract
Samples: Trademark Security Agreement (Aps Holding Corporation)
Release of Collateral and Termination. (a) At such time as the ------------------------------------- payment in full of the Notes, Obligations (except for contingent obligations of any Obligor under indemnifications that survive termination of the Reimbursement Obligations Revolver Commitments) and the other Obligations then due and owing termination of all the Revolver Commitments shall have occurred, the Commitments have been terminated and the Letters of Credit have expired, terminated or been returned to the Issuing Lender, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Borrower Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the BorrowerGrantor. Upon request of the Borrower Grantor following any such termination, the Administrative Agent shall deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor any Collateral held by the Administrative Agent hereunder, and execute and deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor such documents as the Borrower Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent shall execute and deliver to the Borrower Grantor (at the sole cost and expense of the BorrowerGrantor) all releases or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
Appears in 1 contract
Samples: Patent and Trademark Security Agreement (Remington Arms Co Inc/)
Release of Collateral and Termination. (a) At such time as the ------------------------------------- payment in full of the Notes, the Reimbursement Obligations and the other Obligations then due and owing shall have occurred, the Commitments have been terminated and the Letters of Credit have expired, terminated or been returned to the Issuing Lender, the Collateral (if any) shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Borrower Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the BorrowerGrantor. Upon request of the Borrower Grantor following any such termination, the Administrative Agent shall deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor any Collateral held by the Administrative Agent hereunder, and execute and deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor such documents as the Borrower Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower Grantor in a transaction permitted by the Credit AgreementAgreement or the Holding Guarantee, then the Administrative Agent shall execute and deliver to the Borrower Grantor (at the sole cost and expense of the BorrowerGrantor) all releases or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
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Release of Collateral and Termination. (a) At such time as the ------------------------------------- payment in full of the Notes, the Reimbursement Obligations and the other Obligations then due and owing shall have occurred, the Commitments have been terminated and the Letters of Credit have expired, terminated or been returned to the Issuing Lender, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Borrower Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the BorrowerGrantor. Upon request of the Borrower Grantor following any such termination, the Administrative Agent shall deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor any Collateral held by the Administrative Agent hereunder, and execute and deliver (at the sole cost and expense of the BorrowerGrantor) to the Borrower Grantor such documents as the Borrower Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by the Borrower Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent shall execute and deliver to the Borrower Grantor (at the sole cost and expense of the BorrowerGrantor) all releases or other documents reasonably necessary or reasonably desirable for the release of the Liens created hereby on such Collateral.
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