Common use of Release of Liens; Financing Statements; Release Clause in Contracts

Release of Liens; Financing Statements; Release. Following the Indefeasible repayment of all monetary Obligations in full and in cash and the complete performance of all other Obligations (other than inchoate indemnity obligations and similar obligations that survive the termination of this Agreement), (a) Administrative Agent will deliver to Borrower, at Borrower’s expense, releases of all Liens arising under the Security Documents with an acknowledgment that the same have been terminated, and (b) Borrower shall deliver to Administrative Agent, Lenders and any Swap Counterparty a general release of all liabilities and obligations of each of them under this Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Voyager Oil & Gas, Inc.), Credit Agreement (Voyager Oil & Gas, Inc.)

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Release of Liens; Financing Statements; Release. Following the Indefeasible repayment of all monetary Obligations in full and in cash and the complete performance of all other Obligations (other than inchoate indemnity obligations and similar obligations that survive the termination of this Agreement), (a) Administrative Agent will deliver to Borrower, at Borrower’s expense, releases of all Liens arising under the Security Documents with an acknowledgment that the same have been terminated, and (b) Borrower shall deliver to Administrative Agent, Agent and Lenders and any Swap Counterparty a general release of all liabilities and obligations of each of them under this Agreement and the other Loan DocumentsDocuments (other than the Warrants). The obligations of Parent under the Warrants will survive the termination of this Agreement and the release of the security interests.

Appears in 1 contract

Samples: Credit Agreement (American Standard Energy Corp.)

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Release of Liens; Financing Statements; Release. Following the Indefeasible repayment of all monetary Obligations in full and in cash and the complete performance of all other Obligations (other than inchoate indemnity obligations and similar obligations that survive the termination of this Agreement), (a) Administrative Agent will deliver to Borrower, at Borrower’s expense, releases of all Liens arising under the Security Documents with an acknowledgment that the same have been terminated, and (b) Borrower shall deliver to Administrative Agent, Lenders and any Swap Counterparty a general release of all liabilities and obligations of each of them under this Agreement and the other Loan DocumentsDocuments (other than the Warrants). The obligations of Parent under the Warrants will survive the termination of this Agreement and the release of the security interests.

Appears in 1 contract

Samples: Credit Agreement (American Standard Energy Corp.)

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