Common use of Release of Security Interest Clause in Contracts

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Collateral in accordance with the Credit Agreement or (ii) the Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Collateral which has been granted hereunder.

Appears in 3 contracts

Samples: Security Agreement (JTH Holding, Inc.), Security Agreement (JTH Holding, Inc.), Security Agreement (Stanley, Inc.)

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Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Copyright Collateral in accordance with the Credit Agreement or (ii) the Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Copyright Collateral which has been granted hereunder.

Appears in 3 contracts

Samples: Security Agreement (JTH Holding, Inc.), Security Agreement (JTH Holding, Inc.), Security Agreement (Stanley, Inc.)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Patent Collateral in accordance with the Credit Agreement or (ii) the Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Patent Collateral which has been granted hereunder.

Appears in 3 contracts

Samples: Security Agreement (JTH Holding, Inc.), Security Agreement (JTH Holding, Inc.), Security Agreement (Stanley, Inc.)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Copyright Collateral in accordance with the Credit Agreement or (ii) the Current Assets Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligationsshall, at the Grantor’s 's expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Copyright Collateral which has been granted hereunder.

Appears in 2 contracts

Samples: Current Assets Secured Parties Security Agreement (Sterling Chemical Inc), Current Assets Security Agreement (Sterling Chemical Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Copyright Collateral in accordance with the Credit Agreement or (ii) the Fixed Assets Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligationsshall, at the Grantor’s 's expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Copyright Collateral which has been granted hereunder.

Appears in 2 contracts

Samples: Fixed Assets Security Agreement (Sterling Chemical Inc), Fixed Assets Secured Parties Security Agreement (Sterling Chemical Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Collateral in accordance with the Credit Agreement or (ii) the Current Assets Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligationsshall, at the Grantor’s 's expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Collateral which has been granted hereunder.

Appears in 2 contracts

Samples: Current Assets Security Agreement (Sterling Chemical Inc), Current Assets Secured Parties Security Agreement (Sterling Chemical Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Patent Collateral in accordance with the Credit Agreement or (ii) the Fixed Assets Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligationsshall, at the Grantor’s 's expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Patent Collateral which has been granted hereunder.

Appears in 2 contracts

Samples: Fixed Assets Security Agreement (Sterling Chemical Inc), Fixed Assets Secured Parties Security Agreement (Sterling Chemical Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Collateral in accordance with the Credit Agreement or (ii) the Fixed Assets Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligationsshall, at the Grantor’s 's expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Collateral which has been granted hereunder.

Appears in 2 contracts

Samples: Fixed Assets Secured Parties Security Agreement (Sterling Chemical Inc), Fixed Assets Security Agreement (Sterling Chemical Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Patent Collateral in accordance with the Credit Agreement or (ii) the Current Assets Termination Date, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligationsshall, at the Grantor’s 's expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Patent Collateral which has been granted hereunder.

Appears in 2 contracts

Samples: Current Assets Security Agreement (Sterling Chemical Inc), Current Assets Secured Parties Security Agreement (Sterling Chemical Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Patent Collateral in accordance with the Credit Agreement or (ii) Payment in Full of the Termination DateSecured Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark such Patent Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Strayer Education Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Copyright Collateral in accordance with the Credit Agreement or (ii) the Termination DatePayment In Full of all Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Copyright Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Security Agreement (JTH Holding, Inc.)

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Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Copyright Collateral in accordance with the Credit Agreement or (ii) Payment in Full of the Termination DateSecured Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Copyright Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Maximus Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Collateral in accordance with the Credit Agreement or (ii) the Termination DatePayment in Full of the Secured Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the such Trademark Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Strayer Education Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Patent Collateral in accordance with the Credit Agreement or (ii) the Termination DatePayment In Full of all Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Patent Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Security Agreement (JTH Holding, Inc.)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Collateral in accordance with the Credit Agreement or (ii) Payment in Full of the Termination DateSecured Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Maximus Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Copyright Collateral in accordance with the Credit Agreement or (ii) the Termination DatePayment in Full of the Secured Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark such Copyright Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Strayer Education Inc)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Collateral in accordance with the Credit Agreement or (ii) the Termination DatePayment In Full of all Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Security Agreement (JTH Holding, Inc.)

Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Trademark Patent Collateral in accordance with the Credit Agreement or (ii) Payment in Full of the Termination DateSecured Obligations, the Administrative Agent shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Patent Collateral which has been granted hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Maximus Inc)

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