Common use of Release of Debtor Clause in Contracts

Release of Debtor. Upon the written request of any Debtor given at any time on or after the Release Date, the Creditor shall at the expense of such Debtor, release such Debtor and the Collateral of such Debtor from the Security Interests and such release shall serve to terminate any licence granted in this Agreement. Upon such release, and at the request and expense of such Debtor, the Creditor shall execute and deliver to such Debtor such releases and discharges as such Debtor may reasonably request.

Appears in 2 contracts

Samples: General Security Agreement (Psyence Biomedical Ltd.), General Security Agreement (Mad Catz Interactive Inc)

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Release of Debtor. Upon the written request of any Debtor given at any time on or after the Release Date, the Creditor shall shall, at the expense of such Debtor, release such Debtor and the Collateral of such Debtor from the Security Interests and such release shall serve to terminate any licence granted in this Agreement. Upon such release, and at the request and expense of such Debtor, the Creditor shall execute and deliver to such Debtor such releases and discharges as such Debtor may reasonably request.

Appears in 1 contract

Samples: General Security Agreement (Emtec Inc/Nj)

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Release of Debtor. Upon the written request of any the Debtor given at any time on or after the Release Date, the Creditor shall Agent shall, at the expense of such the Debtor, release such the Debtor and the Collateral of such Debtor from the Security Interests and such release shall serve to terminate any licence granted in this Agreement. Upon such release, and at the request and expense of such the Debtor, the Creditor Agent shall execute and deliver to such the Debtor such releases and discharges as such the Debtor may reasonably request.

Appears in 1 contract

Samples: General Security Agreement (Royal Gold Inc)

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