Common use of Termination of Security Interests Clause in Contracts

Termination of Security Interests. Upon the payment in full of the Obligations (other than contingent, reimbursement and indemnification obligations for which no claim has been made) 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.

Termination of Security Interests. Upon the payment in full any disposition of the Obligations (other than contingent, reimbursement and indemnification obligations for which no claim has been made) and satisfaction of all Borrower’s obligations Collateral that is permitted under this Agreement and the other Loan Documents, and if Lender has no further obligations under its CommitmentAgreement, the security interest in such Collateral granted hereby shall automatically terminate and all rights to such Collateral shall revert to Borrower, and upon Payment in Full, all security interests granted hereby shall terminate and all rights to the Collateral shall revert to BorrowerBorrower and all Loan Documents (other than the Warrants) shall automatically terminate. 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.

Termination of Security Interests. Upon the payment in full of the Obligations (other than contingent, reimbursement and indemnification obligations for which no claim has been madeinchoate indemnity obligations) and satisfaction of all Borrower’s Borrowers’ 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 BorrowerBorrowers. Upon any such termination, the Lender shall, at Borrower’s Borrowers’ expense, execute and deliver to Borrower Borrowers such documents as Borrower Borrowers shall reasonably request to evidence such termination.

Termination of Security Interests. Upon the payment in full of the Obligations (other than contingentinchoate indemnification or reimbursement obligations and other obligations which, reimbursement and indemnification obligations for which no claim has been made) and satisfaction by their terms, survive termination of all Borrower’s this Agreement obligations under this Agreement the Warrant and the other Loan Documents, equity securities) and if Lender has no further obligations under its Commitment, the security interest granted hereby shall immediately and automatically terminate and all rights to the Collateral shall revert to Borrower. Upon any such terminationtermination and from time to time thereafter, the Lender shall, at Borrower’s expense, execute and deliver to Borrower such documents as Borrower shall reasonably request to evidence such termination.