Repayment of Indebtedness; Release and Termination of Security Interests Sample Clauses

Repayment of Indebtedness; Release and Termination of Security Interests. Target shall have delivered to Acquiror evidence satisfactory to Acquiror that (i) Target has repaid all Indebtedness for borrowed money in accordance with Section 6.12 and (ii) Target’s assets have been released from all security interests thereon and Target has taken all steps necessary to terminate (x) all UCC financing statements and (y) assignments of Intellectual Property Rights with the United States Patent and Trademark Office, which have been filed with respect to such security interests.