Common use of Termination of Security Interest; Release of Collateral Clause in Contracts

Termination of Security Interest; Release of Collateral. Upon the repayment in full of all Secured Obligations, the Security Interests shall terminate and all rights to the Collateral shall revert to Debtor. At any time and from time to time prior to such termination of the Security Interests, the Secured Party may release any of the Collateral or release Debtor of its obligations hereunder with the prior written consent of the Secured Party.

Appears in 2 contracts

Samples: Amended and Restated Security Agreement (Enterprise Informatics Inc), Security Agreement (Altris Software Inc)

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Termination of Security Interest; Release of Collateral. Upon the final and full repayment in full and performance of all Secured the Obligations, the Security Interests Interest shall terminate and all rights to the Collateral shall revert to Debtorthe Borrower. At Upon any time and from time to time prior to such termination of the Security InterestsInterest or release of Collateral, the Secured Party may release any Party, at the Borrower's expense, will execute and deliver to the Borrower such documents as the Borrower shall reasonably request to evidence the termination of the Collateral Security Interest or the release Debtor of its obligations hereunder with such Collateral, as the prior written consent of the Secured Partycase may be.

Appears in 1 contract

Samples: Security Agreement (Data Systems & Software Inc)

Termination of Security Interest; Release of Collateral. Upon the repayment in full of all Secured Obligations, the Security Interests shall terminate and all rights to the Collateral shall revert to Debtor. At any time and from time to time prior to such termination of the Security Interests, the Secured Party Parties may release any of the Collateral or release Debtor of its obligations hereunder with the prior written consent of the each Secured Party.

Appears in 1 contract

Samples: Security Agreement (Altris Software Inc)

Termination of Security Interest; Release of Collateral. Upon the repayment and performance in full of all Secured the Obligations, the Security Interests security interest herein created shall terminate and all rights to the Collateral shall revert to the Debtor. At Upon any time and from time to time prior to such termination of the Security InterestsInterest or release of Collateral, the Secured Party may release any will, at the Debtor’s expense, execute and deliver to the Debtor such documents as the Debtor shall reasonably request to evidence the termination of the Collateral Security Interest or the release Debtor of its obligations hereunder with such Collateral, as the prior written consent of the Secured Partycase may be.

Appears in 1 contract

Samples: Security Agreement (Bitmine Immersion Technologies, Inc.)

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Termination of Security Interest; Release of Collateral. 1. Upon the repayment and performance in full by the Debtor of all Secured the Obligations, the Security Interests security interest of Secured Party shall terminate and all rights to the Collateral shall revert to the Debtor. At any time Upon such repayment and from time performance by the Debtor, Secured Party shall execute and deliver to time prior the Debtor such documents as the Borrower shall reasonably request to such evidence the termination of the Security Interests, the Secured Party may release any of the Collateral or release Debtor of its obligations hereunder with the prior written consent of the Secured Party's security interest in the Collateral.

Appears in 1 contract

Samples: Security Agreement (Ariel Way Inc)

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