Termination of Security Interests; Release of Collateral. (a) Upon the repayment in full of all Secured Obligations and the termination of the Commitments, the Security Interests shall terminate and all rights to the Collateral shall revert to the Company.
Appears in 2 contracts
Samples: Security Agreement (Jato Communications Corp), Security Agreement (Jato Communications Corp)
Termination of Security Interests; Release of Collateral. (a) Upon the repayment in full of all Secured Obligations and the termination of the CommitmentsCommitments under the Credit Agreement, the Security Interests shall terminate and all rights to the Collateral shall revert to the CompanyPledgor.
Appears in 2 contracts
Samples: Security Agreement (Jato Communications Corp), Security Agreement (Jato Communications Corp)
Termination of Security Interests; Release of Collateral. (a) Upon the repayment in full of all Secured Obligations and the termination of the Commitments, the Security Interests shall terminate and all rights to the Collateral shall revert to the Company. Upon the Partial Termination Date, the Security Interests in all Collateral other than Borrower-Related Collateral shall terminate and all rights in the Collateral other than Borrower-Related Collateral shall revert to the Company.
Appears in 2 contracts
Samples: Security Agreement (Jato Communications Corp), Security Agreement (Jato Communications Corp)
Termination of Security Interests; Release of Collateral. (a12.(a) Upon the repayment in full of all Secured Obligations and Obligations, the termination of the CommitmentsCommitments under the Credit Agreement and the cancellation of all Letters of Credit, the Security Interests and all obligations of the Debtor under this Agreement shall terminate and all rights to and interests in the Collateral shall revert to the CompanyDebtor.
Appears in 1 contract
Samples: Security Agreement (Holly Corp)
Termination of Security Interests; Release of Collateral. (a) Upon the repayment in full of all Secured Obligations and Obligations, the termination of the Commitmentscommitments of the Lenders under the Credit Agreement to make Loans to the Subsidiary Borrower and to issue Letters of Credit for its account and the expiration or cancellation of all Letters of Credit issued for the account of the Subsidiary Borrower, the Security Interests shall terminate and all rights to the Collateral shall revert to the CompanySubsidiary Borrower.
Appears in 1 contract
Samples: Subsidiary Borrower Security Agreement Agreement (Coleman Co Inc)
Termination of Security Interests; Release of Collateral. (a) Upon the repayment in full of all Secured Obligations and the termination of the CommitmentsIntercompany Obligations, the Security Interests shall terminate and all rights to the Collateral shall revert to the CompanyGrantor.
Appears in 1 contract
Samples: Intercompany Security Agreement Security Agreement (Coleman Co Inc)
