Common use of Release of Liens Clause in Contracts

Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender will, at the Grantor’s sole expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender hereunder, and execute and deliver to the Grantor such documents as the Grantor shall reasonably request to evidence such termination.

Appears in 16 contracts

Samples: Credit Agreement (TransMedics Group, Inc.), Pledge and Security Agreement (TransMedics Group, Inc.), Credit Agreement (TransMedics Group, Inc.)

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Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Administrative Agent will, at the Grantor’s 's sole expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Administrative Agent hereunder, and execute and deliver to the Grantor such documents as the Grantor shall reasonably request to evidence such termination.

Appears in 4 contracts

Samples: Subsidiary Security and Pledge Agreement (AMH Holdings, Inc.), Subsidiary Security and Pledge Agreement (Associated Materials Inc), Borrower Security and Pledge Agreement (AMH Holdings, Inc.)

Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Collateral Agent will, at the Grantor’s sole expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Collateral Agent hereunder, and execute and deliver to the Grantor such documents Documents as the Grantor shall reasonably request to evidence such termination.

Appears in 3 contracts

Samples: Credit Agreement (Hanesbrands Inc.), Pledge and Security Agreement (Ferro Corp), Pledge and Security Agreement (Hanesbrands Inc.)

Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Collateral Agent will, at the Grantor’s Grantors’ sole expense, deliver to the GrantorGrantors, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Collateral Agent hereunder, and execute and deliver to the Grantor Grantors such documents Documents as the Grantor Grantors shall reasonably request to evidence such termination.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Ferro Corp), Credit Agreement (Ferro Corp)

Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Secured Party will, at the Grantor’s sole expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Secured Party hereunder, and execute and deliver to the Grantor such documents Documents as the Grantor shall reasonably request to evidence such termination.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Vbi Vaccines Inc.), Patent Security Agreement (Paulson Capital (Delaware) Corp.)

Release of Liens. Upon (i) the Disposition a Permitted Asset Sale of Patent Collateral in accordance with the Credit Agreement or and (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all terminated Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Collateral Agent will, at the Grantor’s 's sole expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Collateral Agent hereunder, and execute and deliver to the Grantor such documents as the Grantor shall reasonably request to evidence such termination.

Appears in 2 contracts

Samples: Subsidiary Pledge and Security Agreement (Ironton Iron Inc), Borrower Pledge and Security Agreement (Ironton Iron Inc)

Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Collateral Agent will, at the Grantor’s sole request and expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Collateral Agent hereunder, and execute and deliver to the Grantor such documents Documents as the Grantor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Credit Agreement (Hanesbrands Inc.)

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Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Collateral Trustee will, at the Grantor’s 's sole expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Collateral Trustee hereunder, and execute and deliver to the Grantor such documents Documents as the Grantor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with Indentures or the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Trustee will, at the Grantor’s sole expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Trustee hereunder, and execute and deliver to the Grantor such documents Documents as the Grantor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ferro Corp)

Release of Liens. Upon (i) the Disposition of Patent Collateral in accordance with the Credit Agreement or (ii) the occurrence of the Termination Date, the security interests granted herein shall automatically terminate with respect to (A) such Patent Collateral (in the case of clause (i)) or (B) all Patent Collateral (in the case of clause (ii)). Upon any such Disposition or termination, the Lender Collateral Trustee will, at the Grantor’s sole expense, deliver to the Grantor, without any representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the Lender Collateral Trustee hereunder, and execute and deliver to the Grantor such documents Documents as the Grantor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

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