Common use of Release of Security Agreement Clause in Contracts

Release of Security Agreement. This Security Agreement is made for Collateral purposes only. Upon payment and satisfaction in full of the Liabilities, Collateral Agent shall take such actions as may be necessary or proper to terminate the security interests created hereby.

Release of Security Agreement. This Security Agreement is made for Collateral purposes only. Upon payment and satisfaction in full of the LiabilitiesLiabilities and termination of all of the Financing Agreements, Collateral Agent shall take such actions as may be necessary or proper to terminate the security interests created herebyhereby and pursuant to the Financing Agreements.

Release of Security Agreement. This Security Agreement is made for Collateral collateral purposes only. Upon payment and satisfaction in full of Borrower's Liabilities and termination of the LiabilitiesFinancing Agreements, Collateral Agent shall take such actions as may be necessary or proper to terminate the security interests created hereby.hereby and pursuant to the Financing Agreements

Release of Security Agreement. This Security Agreement is made for Collateral collateral purposes only. Upon payment and satisfaction in full of Company's Liabilities and termination of the LiabilitiesFinancing Agreements, Collateral Agent shall take such actions as may be necessary or proper to terminate the security interests created hereby.hereby and pursuant to the Financing Agreements

Release of Security Agreement. This Security Agreement is made for Collateral collateral purposes only. Upon payment and satisfaction in full of the LiabilitiesLiabilities and termination of the Loan Agreement, Collateral the Agent shall take such actions promptly execute and deliver to Borrowers, at Borrowers’ expense, all termination statements and other instruments as may be necessary or proper to terminate the Lenders’ security interests created herebyhereby and pursuant to the Loan Documents.