Common use of Termination of Security Interests Clause in Contracts

Termination of Security Interests. This Agreement and the security interests under this Agreement shall terminate when all amounts due and owing on account of, and all obligations and liabilities of XXXX in respect of, the Secured Obligations shall have been fully performed, satisfied and paid as provided in this Agreement and the Guaranty Agreements. At such time, the Administrator shall promptly reassign and deliver to XXXX, without recourse or representation, against TERI’s receipt, all Collateral then held by the Owner or anyone claiming by, through or under the Owner. XXXX shall execute and if necessary deliver to the Administrator for execution, and the Administrator shall promptly cause to be filed at the Owner’s expense, termination statements in respect of any financing statements filed under this Agreement. The Administrator agrees to fulfill the Owner’s obligations to file such termination statements at its own cost and expense. The security interests hereunder shall terminate as to all Collateral lawfully withdrawn by or paid to XXXX hereunder, upon the occurrence of such withdrawal or payment.

Termination of Security Interests. This Agreement and the security interests under this Agreement shall terminate when all amounts due and owing on account of, and all obligations and liabilities of XXXX in respect of, the Secured Obligations shall have been fully performed, satisfied and paid as provided in this Agreement and the Guaranty Agreements. At such time, the Administrator shall promptly reassign and deliver to XXXX, without recourse or representation, against TERI’s 's receipt, all Collateral then held by the Owner or anyone claiming by, through or under the Owner. XXXX shall execute and if necessary deliver to the Administrator for execution, and the Administrator shall promptly cause to be filed at the Owner’s 's expense, termination statements in respect of any financing statements filed under this Agreement. The Administrator agrees to fulfill the Owner’s 's obligations to file such termination statements at its own cost and expense. The security interests hereunder shall terminate as to all Collateral lawfully withdrawn by or paid to XXXX hereunder, upon the occurrence of such withdrawal or payment.

Termination of Security Interests. This Agreement and the security interests under this Agreement shall terminate when all amounts due and owing on account of, and all obligations and liabilities of XXXX TERI in respect of, the Secured Obligations Obxxxxtions shall have been fully performed, satisfied and paid as provided in this Agreement and the Guaranty Agreements. At such time, the Administrator shall promptly reassign and deliver to XXXXTERI, without recourse or representationrepresenxxxxon, against TERI’s 's receipt, all Collateral then held by the Owner or anyone claiming by, through or under the Owner. XXXX TERI shall execute and if necessary deliver necessarx xxliver to the Administrator for execution, and the Administrator shall promptly cause to be filed at the Owner’s 's expense, termination statements in respect of any financing statements filed under this Agreement. The Administrator agrees to fulfill the Owner’s 's obligations to file such termination statements at its own cost and expense. The security interests hereunder shall terminate as to all Collateral lawfully withdrawn by or paid to XXXX TERI hereunder, upon the occurrence of occurrencx xx such withdrawal or payment.

Termination of Security Interests. This Agreement and the security interests under this Agreement shall terminate when all amounts due and owing on account of, and all obligations and liabilities of XXXX in respect of, the Secured Obligations shall have been fully performed, satisfied and paid as provided in this Agreement and the Guaranty Agreements. At such time, the Administrator shall promptly reassign and deliver to XXXX, without recourse or representation, against TERI’s 's receipt, all Collateral then held by the Owner or anyone claiming by, through or under the Owner. XXXX shall execute and if necessary deliver to the Administrator for execution, and the Administrator shall promptly cause to be filed at the Owner’s 's expense, termination statements in respect of any financing statements filed under this Agreement. The Administrator agrees to fulfill the Owner’s 's obligations to file such termination statements at its own cost and expense. The security interests hereunder shall terminate as to all Collateral lawfully withdrawn by or paid to XXXX hereunder, upon the occurrence of such withdrawal or payment. 13 <PAGE> 14.