Common use of Termination of Lien Clause in Contracts

Termination of Lien. The Liens and rights granted to Laurus hereunder and any Ancillary Agreements and the financing statements filed in connection herewith or therewith shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that The Company' account may from time to time be temporarily in a zero or credit position, until (a) all of the Obligations of the Company have been paid or performed in full after the termination of this Agreement and (b) the Company has an executed release of any and all claims which the Company may have or thereafter have under this Agreement and all Ancillary Agreements. Accordingly, the Company waives any rights which it may have under the UCC to demand the filing of termination statements with respect to the Collateral, and Laurus shall not be required to send such termination statements to the Company, or to file them with any filing office, unless and until this Agreement and the Ancillary Agreements shall have been terminated in accordance with their terms and all Obligations paid in full in immediately available funds.

Termination of Lien. The Liens and rights granted to Laurus Access Capital hereunder and under any Ancillary Agreements and the financing statements filed in connection herewith or therewith shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that The Company' Companies’ account may from time to time be temporarily in a zero or credit position, until (a) all of the Obligations of the Company Companies have been paid or performed in full after the termination of this Agreement and (b) the each Company has an executed a release in favor of Access Capital of any and all claims which the such Company may have or thereafter have under this Agreement and all Ancillary Agreements. Accordingly, the each Company waives any rights which it may have under the UCC to demand the filing of termination statements with respect to the Collateral, and Laurus Access Capital shall not be required to send such termination statements to the CompanyCompanies, or to file them with any filing office, unless and until this Agreement and the Ancillary Agreements shall have been terminated in accordance with their terms and all Obligations paid in full in immediately available funds.

Termination of Lien. The Liens and rights granted to Laurus Access Capital hereunder and any Ancillary Agreements and the financing statements filed in connection herewith or therewith shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that The Company' Companies’ account may from time to time be temporarily in a zero or credit position, until (a) all of the Obligations of the Company Companies have been paid or performed in full after the termination of this Agreement and (b) the each Company has an executed release of any and all claims which the such Company may have or thereafter have under this Agreement and all Ancillary Agreements. Accordingly, the each Company waives any rights which it may have under the UCC to demand the filing of termination statements with respect to the Collateral, and Laurus Access Capital shall not be required to send such termination statements to the CompanyCompanies, or to file them with any filing office, unless and until this Agreement and the Ancillary Agreements shall have been terminated in accordance with their terms and all Obligations paid in full in immediately available funds.

Termination of Lien. The Liens and rights granted to Laurus hereunder and any Ancillary Agreements and the financing statements filed in connection herewith or therewith shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that The the Company' 's account may from time to time be temporarily in a zero or credit position, until (a) all of the Obligations of the Company have been paid or performed in full after the termination of this Agreement and (b) the Company has an executed release of any and all claims which the Company may have or thereafter have under this Agreement and all Ancillary Agreements. Accordingly, subject to compliance with Sarabanes-Oxley, the Company waives any rights which it may have under the UCC to demand the filing of termination statements with respect to the Collateral, and Laurus shall not be required to send such termination statements to the Company, or to file them with any filing office, unless and until this Agreement and the Ancillary Agreements shall have been terminated in accordance with their terms and all Obligations paid in full in immediately available funds.

Termination of Lien. The Liens and rights granted to Laurus hereunder and any Ancillary Agreements and the financing statements filed in connection herewith or therewith shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that The Companythe Companies' account may from time to time be temporarily in a zero or credit position, until (a) all of the Obligations of the Company Companies have been paid or performed in full after the termination of this Agreement and (b) the each Company has an executed a release of any and all claims which the such Company may have or thereafter have under this Agreement and all Ancillary Agreements. Accordingly, the each Company waives any rights which it may have under the UCC to demand the filing of termination statements with respect to the Collateral, and Laurus shall not be required to send such termination statements to the CompanyCompanies, or to file them with any filing office, unless and until this Agreement and the Ancillary Agreements shall have been terminated in accordance with their terms and all Obligations paid in full in immediately available funds.