Termination of Financing Statements. The Company shall take all actions necessary such that (i) UCC-2 or UCC-3 termination statements, as applicable, have been filed with respect to each of the UCC-1 financing statements filed in order to perfect security interests in assets of the Company that have not yet expired and (ii) all Encumbrances (other than Permitted Encumbrances) on assets of the Company shall be released prior to or simultaneously with the Closing.
Termination of Financing Statements. Upon the request of the Administrative Agent, and at the expense of the Borrower, within 10 days after such request, furnish to the Administrative Agent proper termination statements on Form UCC-3 covering such financing statements as the Administrative Agent may reasonably request that were listed in the completed requests for information referred to in Sections 3.01(n)(viii)(C) and 3.01(n)(ix)(C).
Termination of Financing Statements. 82 (i) Collateral Account...................................... 82 (j)
Termination of Financing Statements. Within three (3) business days from the Closing, Star shall release any and all liens against the Collateral (as defined in the Security Agreement).
Termination of Financing Statements. Any UCC financing statement ----------------------------------- evidencing a security interest in any of either Companies' assets shall have been terminated, and satisfactory evidence of such termination shall have been provided to the DoveBid Companies.
Termination of Financing Statements. Either within ten (10) calendar days after the Closing Date or thirty (30) calendar days after the Closing Date, as more specifically set forth on Schedule C of the respective Security and Pledge Agreements, the Company will take all necessary actions to terminate all financing statements in any jurisdiction which purport to evidence a security interest in any asset of the Company or its affiliates in respect of all entities set forth on Schedule C of the respective Security and Pledge Agreements, including, without limitation, in favor of the Laurus Master Fund, Ltd. or any affiliate thereof; provided, however, the Company will not terminate any financing statement evidencing a security interest of any of the Purchasers pursuant to the Security and Pledge Agreements.
Termination of Financing Statements. During the Pre-Closing Period, the Company shall take commercially reasonable efforts to cause (a) each Person holding a security interest in any assets of the Company or any Company Subsidiary as of immediately prior to the Closing Date to execute and deliver all documentation required to terminate such security interest upon payment in full of the Indebtedness giving rise to such security interest, and (b) a UCC-2 or UCC-3 termination statement, as applicable, to be filed immediately after payment of the Indebtedness giving rise to the security interest underlying each filed but unexpired UCC-1 financing statement naming the Company or a Company Subsidiary as debtor.
Termination of Financing Statements. Upon the request of the Facility Agent, and at the expense of the Parent, within 10 days after such request, the Parent will procure that the Facility Agent is provided with proper termination statements on Form UCC-3 covering such financing statements as the Facility Agent may reasonably request.
Termination of Financing Statements. If the Closing does not occur and the Buyers have filed any financing statement against the Sellers in accordance with Section 3.5 of this Agreement, the Buyers shall immediately file termination statements related to any such financing statement.
Termination of Financing Statements. The undersigned as Agent hereby authorizes you (or any person or entity designated by you as your delegate for this purpose) to file all Uniform Commercial Code termination statements necessary to effectuate, or reflect of public record, the release and discharge of the Security Interests.
