Termination of Existing Liens. Executed UCC termination statements, if any, necessary to release all security interests and other rights of any Person in the Contract Payments or the related Contracts previously granted by the Borrower or TPVG and the executed pay-off letters reasonably requested by the Agents;
Termination of Existing Liens. Immediately upon completion of the initial public offering of shares in any of the eRoom Parties or upon the sale of ten percent (10%) or more of the capital stock of any of the eRoom Parties in a single transaction or a series of transactions, the eRoom Parties shall (i) pay in full all debt related to all existing Liens on any of the property of any of the eRoom Parties, (ii) terminate all such Liens, and (iii) evidence such termination by providing to the Lender copies of Uniform Commercial Code termination statements relating to all such Liens.
Termination of Existing Liens. Administrative Agent shall have received evidence satisfactory to Administrative Agent, confirming that the property of Company and its Subsidiaries, as well as the Capital Stock of Company, is subject to no Liens other than Permitted Liens.
Termination of Existing Liens. Lender shall have received a payoff letter from United Bank and written authorization to terminate any and all Liens of United Bank.
Termination of Existing Liens. The Administrative Agent shall have received all UCC-3 termination statements and all other agreements and instruments reasonably requested by the Administrative Agent to terminate all Liens on assets of the Parent, the Company and their Subsidiaries other than Permitted Liens.
Termination of Existing Liens. All Liens granted by Xxxxx Australia to BNS for the benefit of the Current Lenders under the Existing Credit Agreement shall have been terminated pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent.
Termination of Existing Liens. The Borrowers shall have provided to the Lender executed UCC-3 termination statements for the financing statements of record with respect to the Collateral (except for Permitted Liens with respect thereto), or payoff letters acceptable to the Lender from any holders of existing security interests in any of the Collateral which are to be released or terminated upon receipt of payment of the Indebtedness secured thereby.
Termination of Existing Liens. Effective upon the Closing Date and subject to the satisfaction of the conditions precedent in paragraph 4, the parties hereby agree that (i) the Existing Liens shall be released and terminated and shall have no further force and effect and the Purchasers authorize the Company to deliver and file any documents, instruments, certificates, and letters reasonably necessary to implement such release and termination of the Existing Liens, and (ii) thereafter the Notes and this Agreement shall be unsecured.
Termination of Existing Liens. Debtor shall furnish to Lender at the closing of the Loan proof, satisfactory to Lender in its sole discretion, that all liens with respect to the Collateral, other than liens in favor of the Lender and any Permitted Liens, have been fully discharged and terminated.
Termination of Existing Liens. The Administrative Agent and XXX hereby (a) releases and forever discharges any and all security interests, liens, mortgages, pledges, encumbrances, assignments and all other rights and interests that it has or may have in and to the Collateral arising pursuant to the Security Documents (the “Existing Liens”) and (b) grants, assigns, delivers and releases unto, and causes to re-vest in the Borrower all rights and interests granted to the Administrative Agent in the Collateral in the Security Documents. The Administrative Agent and XXX hereby authorize the Borrower to file or cause the filing of such UCC-3 termination statements for purposes of terminating any UCC-1 financing statements filed by or on behalf of the Administrative Agent with respect to the Security Documents.
