Termination of Security Documents Sample Clauses

Termination of Security Documents. Upon the consummation of a Qualified IPO, all of the Security Documents and Guarantees shall terminate and the Collateral Agent and the Holders irrevocably authorize and direct the Company, and any agent under their respective direction, at the sole expense of the Company, to (a) discharge any and all registrations and filings made in favor of the Holder or the Collateral Agent on behalf of the Holders, against the Company or its Subsidiaries (and any predecessor entities of or to the Company or its Subsidiaries) and any financing change statements filed in connection with such registrations; and (b) file any UCC financing statement terminations. [SIGNATURE PAGES FOLLOW]
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Termination of Security Documents. 11 Section 3.4 Releases............................................................................. 12 Section 3.5 Consent.............................................................................. 12
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Termination of Security Documents. 35 Section 10.6
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Termination of Security Documents. The parties hereto agree that the following documents shall be terminated contemporaneously with and as a condition of (i) the Closing (ii) the payment of the consideration set forth in Section 2.3 hereto, and (iii) the payment of the Promissory Note as set forth in Section 3.2 hereto, and the mutual obligations of the Company, Seller, Kremxxx xxx Filkxxxx, xx any of them, (a) incurred under the following documents or (b) otherwise incurred prior to the date hereof, shall be released: (i) the Financing Statements;
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Termination of Security Documents. Seller and the Company shall have terminated the Security Documents as set forth in Section 3.3 hereto, and shall have obtained the release of the obligations of Seller, the Company, Kremxxx xxx Filkxxxx xxxreunder.
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Termination of Security Documents. Upon the redemption of all of the Notes pursuant to the terms of the Indenture, all of the Security Documents shall terminate and the Collateral Agent and the Holders irrevocably authorize and direct the Company, and any agent under their respective direction, at the sole expense of the Company, to (a) discharge any and all registrations and filings made in favor of the Holder or the Collateral Agent on behalf of the Holders, against the Company or its Subsidiaries (and any predecessor entities of or to the Company or its Subsidiaries) and any financing change statements filed in connection with such registrations; and (b) file any UCC financing statement terminations. [SIGNATURE PAGES FOLLOW] CLEARWIRE CORPORATION By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Officer --------------------------------- CLEARWIRE LLC By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Officer --------------------------------- FIXED WIRELESS HOLDINGS, LLC By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Officer --------------------------------- NEXTNET WIRELESS, INC. By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Officer --------------------------------- CLEARWIRE SPECTRUM CORP. By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Officer --------------------------------- SIGNATURES CONTINUED CLEARWIRE TECHNOLOGIES, INC. By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Officer --------------------------------- CLEARWIRE COMMUNICATIONS, INC. By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Officer --------------------------------- JONSSON COMMUNICATIONS, CORPORATION By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Officer --------------------------------- NEXTNET WIRELESS ASIA, INC. By: /s/ Xxxx Xxxxxx ------------------------------------ Name: Xxxx Xxxxxx ---------------------------------- Title: Chief Financial Office...
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Termination of Security Documents. Upon the termination of the Security Documents, PAG shall return all the Security Documents to Bidco or the applicable chargors or guarantors and take necessary actions to release all of PAG’s security interest created or effected by the Security Documents, including without limitation, charges over the issued shares of the Issuer, the Company, Bidco and TLC.
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Termination of Security Documents. Upon the distribution of the Pay-Down Amount by the Collateral Agent to the Banks and the Purchasers in the manner set forth in Section 1 hereof, the Security Documents shall be automatically terminated without further action by the parties, provided, that Section 8(e) of the Security Agreement and Section 10 of the Intercreditor Agreement shall each remain in full force and effect and shall not be terminated hereby.
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Termination of Security Documents. Upon the redemption of all of the Notes pursuant to the terms of the Indenture, all of the Security Documents shall terminate and the Collateral Agent and the Holders irrevocably authorize and direct the Company, and any agent under their respective direction, at the sole expense of the Company, to (a) discharge any and all registrations and filings made in favor of the Holder or the Collateral Agent on behalf of the Holders, against the Company or its Subsidiaries (and any predecessor entities of or to the Company or its Subsidiaries) and any financing change statements filed in connection with such registrations; and (b) file any UCC financing statement terminations.
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Related to Termination of Security Documents

  • Termination of Security Interest Upon the payment in full of all Obligations, the security interest granted herein shall terminate and all rights to the Collateral shall revert to Debtor. Upon such termination, Secured Party hereby authorizes Debtor to file any UCC termination statements necessary to effect such termination and Secured Party will execute and deliver to Debtor any additional documents or instruments as Debtor shall reasonably request to evidence such termination.

  • Termination of Security Interests Upon the payment in full of the Obligations and satisfaction of all Borrower’s obligations under this Agreement and the other Loan Documents, and if Lender has no further obligations under its Commitment, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to Borrower. Upon any such termination, the Lender shall, at Borrower’s expense, execute and deliver to Borrower such documents as Borrower shall reasonably request to evidence such termination.

  • Reaffirmation of Security Interests Each Loan Party (a) affirms that each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting and (b) agrees that this Amendment does not in any manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents.

  • Perfection of Security Each Obligor shall have duly authorized, executed, acknowledged, delivered, filed, registered and recorded such security agreements, notices, financing statements, memoranda of intellectual property security interests and other instruments as the Agent may have reasonably requested in order to perfect the Liens purported or required pursuant to the Credit Documents to be created in the Credit Security and shall have paid all filing or recording fees or taxes required to be paid in connection therewith, including any recording, mortgage, documentary, transfer or intangible taxes.

  • Termination of Security Interests; Release of Collateral Upon payment in full of all Secured Obligations, the Security Interests shall terminate and all rights to the Collateral shall revert to Debtor. Upon such termination of the Security Interest or release of any Collateral, the Secured Party will, at the expense of Debtor, execute and deliver to Debtor such documents as Debtor shall reasonably request to evidence the termination of the Security Interest or the release of such Collateral, as the case may be.

  • SUBORDINATION OF SECURITIES SECTION 1201.

  • Confirmation of Security Borrower hereby confirms and agrees that all of the Security Instruments, as may be amended in accordance herewith, which presently secure the Indebtedness shall continue to secure, in the same manner and to the same extent provided therein, the payment and performance of the Indebtedness as described in the Credit Agreement as modified by this Amendment.

  • Protection of Security Interest With respect to the Collateral Portfolio acquired by the Borrower, the Borrower will (i) acquire such Collateral Portfolio pursuant to and in accordance with the terms of the Contribution Agreement, (ii) at the expense of the Servicer, on behalf of the Borrower take all action necessary to perfect, protect and more fully evidence the Borrower’s ownership of such Collateral Portfolio free and clear of any Lien other than the Lien created hereunder and Permitted Liens, including, without limitation, (a) with respect to the Loan Assets and that portion of the Collateral Portfolio in which a security interest may be perfected by filing, filing and maintaining (at the expense of the Servicer, on behalf of the Borrower) effective financing statements against the Transferor in all necessary or appropriate filing offices, (including any amendments thereto or assignments thereof) and filing continuation statements, amendments or assignments with respect thereto in such filing offices, (including any amendments thereto or assignments thereof) and (b) executing or causing to be executed such other instruments or notices as may be necessary or appropriate, (iii) at the expense of the Servicer, on behalf of the Borrower, take all action necessary to cause a valid, subsisting and enforceable first priority perfected security interest, subject only to Permitted Liens, to exist in favor of the Collateral Agent (for the benefit of the Secured Parties) in the Borrower’s interests in all of the Collateral Portfolio being Pledged hereunder including the filing of a UCC financing statement in the applicable jurisdiction adequately describing the Collateral Portfolio (which may include an “all asset” filing), and naming the Borrower as debtor and the Collateral Agent as the secured party, and filing continuation statements, amendments or assignments with respect thereto in such filing offices (including any amendments thereto or assignments thereof), (iv) permit the Administrative Agent or its agents or representatives to visit the offices of the Borrower during normal office hours and upon reasonable advance notice examine and make copies of all documents, books, records and other information concerning the Collateral Portfolio and discuss matters related thereto with any of the officers or employees of the Borrower having knowledge of such matters, and (v) take all additional action that the Administrative Agent or the Collateral Agent may reasonably request to perfect, protect and more fully evidence the respective first priority perfected security interests of the parties to this Agreement in the Collateral Portfolio, or to enable the Administrative Agent or the Collateral Agent to exercise or enforce any of their respective rights hereunder.

  • Perfection of Security Interest Each Borrower shall take all action that may be necessary or desirable, or that Agent may request, so as at all times to maintain the validity, perfection, enforceability and priority of Agent’s security interest in and Lien on the Collateral or to enable Agent to protect, exercise or enforce its rights hereunder and in the Collateral, including, but not limited to, (i) immediately discharging all Liens other than Permitted Encumbrances, (ii) obtaining Lien Waiver Agreements, (iii) delivering to Agent, endorsed or accompanied by such instruments of assignment as Agent may specify, and stamping or marking, in such manner as Agent may specify, any and all chattel paper, instruments, letters of credits and advices thereof and documents evidencing or forming a part of the Collateral, (iv) entering into warehousing, lockbox and other custodial arrangements satisfactory to Agent, and (v) executing and delivering financing statements, control agreements, instruments of pledge, mortgages, notices and assignments, in each case in form and substance satisfactory to Agent, relating to the creation, validity, perfection, maintenance or continuation of Agent’s security interest and Lien under the Uniform Commercial Code or other Applicable Law. By its signature hereto, each Borrower hereby authorizes Agent to file against such Borrower, one or more financing, continuation or amendment statements pursuant to the Uniform Commercial Code in form and substance satisfactory to Agent (which statements may have a description of collateral which is broader than that set forth herein). All charges, expenses and fees Agent may incur in doing any of the foregoing, and any local taxes relating thereto, shall be charged to Borrowers’ Account as a Revolving Advance of a Domestic Rate Loan and added to the Obligations, or, at Agent’s option, shall be paid to Agent for its benefit and for the ratable benefit of Lenders immediately upon demand.

  • Creation of Security Interest Notwithstanding any other provision set forth in this Agreement, the Note, the Mortgage or any of the other Loan Documents, Lender may at any time create a security interest in all or any portion of its rights under this Agreement, the Note, the Mortgage and any other Loan Document (including the advances owing to it) in favor of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors of the Federal Reserve System.

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