Termination by Borrower. Borrower may terminate this agreement by sending written notice to Agent and paying in full all Obligations. If this Agreement is terminated, Lenders' and Agent's lien and security interest in the Collateral shall continue until Borrower fully satisfies the Obligations.
Appears in 4 contracts
Samples: Term Loan and Security Agreement (A123 Systems, Inc.), Term Loan and Security Agreement (A123 Systems Inc), Term Loan and Security Agreement (A123 Systems, Inc.)
Termination by Borrower. Borrower may terminate this agreement Agreement by sending written notice to Agent Bank and paying in full all Obligations. If this Agreement is terminated, Lenders' and Agent's Bank’s lien and security interest in the Collateral shall continue until Borrower fully satisfies the Obligations.
Appears in 3 contracts
Samples: Loan Agreement (LTX Corp), Loan and Security Agreement (LTX Corp), Loan and Security Agreement (ClearStory Systems, Inc.)
Termination by Borrower. Borrower may terminate this agreement Agreement by sending written notice to Agent Bank and paying in full all Obligations. If this Agreement is terminated, Lenders' and AgentBank's lien and security interest in the Collateral shall continue until Borrower fully satisfies the Obligations.
Appears in 1 contract
Termination by Borrower. Borrower may terminate this agreement by sending written notice to Agent and paying in full all Obligations. If this Agreement is terminated, Lenders' ’ and Agent's ’s lien and security interest in the Collateral shall continue until Borrower fully satisfies the Obligations.
Appears in 1 contract
Samples: Term Loan and Security Agreement (A123 Systems, Inc.)
Termination by Borrower. Borrower may terminate this agreement by sending written notice to Agent and paying in full all Obligations. If this Agreement is terminated, Lenders' ’ and Agent's ’s lien and security interest in the Collateral shall continue until Borrower fully satisfies the Obligations, other than any inchoate obligations to indemnify Bank. Upon that satisfaction, Bank will terminate its security interest in the Collateral.
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