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

Termination of Security Interest; Release of Collateral. Upon the payment and performance in full by the Grantor of its Obligation, the Security Interest shall terminate and all rights to the Collateral shall revert to the Grantor.

Appears in 3 contracts

Samples: Patent and Trademark Security Agreement (Alliance Pharmaceutical Corp), Patent and Trademark Security Agreement (Photogen Technologies Inc), Patent and Trademark Security Agreement (Photogen Technologies Inc)

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Termination of Security Interest; Release of Collateral. Upon the payment and performance in full by the Grantor of its ObligationObligations, the Security Interest shall terminate and all rights to the Collateral shall revert to the Grantor.

Appears in 2 contracts

Samples: Patent and Trademark Security Agreement (Alliance Pharmaceutical Corp), Patent and Trademark Security Agreement (Alliance Pharmaceutical Corp)

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