Common use of TERMINATION OF THIS SECURITY AGREEMENT Clause in Contracts

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization of all Letters of Credit and the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been asserted).

Appears in 6 contracts

Samples: Security Agreement, Security Agreement (Advanced Micro Devices Inc), Security Agreement (Spansion Inc.)

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TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a25(a) hereof, this Security Agreement shall terminate upon (i) the termination of the DIP Facility (and the Lenders' Commitments thereunder) and (ii) the satisfactory collateralization of all Letters of Credit and the payment in full Full Payment of all other Obligations (other than indemnification Obligations as to which no claim has been asserted).

Appears in 2 contracts

Samples: Security Agreement (Westpoint Stevens Inc), Post Petition Credit Agreement (Cone Mills Corp)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a25(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization of all Letters of Credit and the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been assertedasserted and to the extent necessary to satisfy the requirements of Section 22(d) hereof).

Appears in 1 contract

Samples: Security Agreement (Applica Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a28(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization of all Letters of Credit and the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been asserted).

Appears in 1 contract

Samples: Security Agreement (Unova Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject -------------------------------------- to Section 26(a25(a) hereof, this Security Agreement shall terminate upon only upon: ------------- the satisfactory collateralization termination of all Commitments, the posting of satisfactory collateral for all outstanding Letters of Credit Credit, and the payment in full of all other Secured Obligations (other than indemnification Secured Obligations as to which no claim has been asserted).

Appears in 1 contract

Samples: Security Agreement (Mail Well Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a26 (a) hereof, this Security Agreement shall terminate upon only upon: the satisfactory collateralization termination of all commitments, the posting of satisfactory collateral for all outstanding Letters of Credit and any contingent obligations owed by Grantor under the Guaranty in accordance with the Credit Agreement, and the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been asserted).

Appears in 1 contract

Samples: Security Agreement (3com Corp)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization of all Letters of Credit and the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been asserted).

Appears in 1 contract

Samples: Security Agreement (Acg Holdings Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a25(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization of all Letters of Credit and Credit, the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been asserted), and the termination of all Commitments .

Appears in 1 contract

Samples: Security Agreement (Caraustar Industries Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a28(a) hereof, this Security Agreement (other than Section 22) and the license granted pursuant to Section 26 hereof shall terminate upon the satisfactory collateralization of all Letters of Credit and Credit, the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been asserted), and the termination of all Commitments.

Appears in 1 contract

Samples: Security Agreement (Miller Industries Inc /Tn/)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a28(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization of all Letters of Credit and the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been asserted).

Appears in 1 contract

Samples: Security Agreement (Unova Inc)

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TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization indefeasible payment and performance in full in cash of all Letters of Credit and the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been asserted)Obligations.

Appears in 1 contract

Samples: Security Agreement (Gentek Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a25(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization of all Letters of Credit and the payment in full in cash of all other Obligations (other than indemnification Obligations as to which no claim has been asserted).

Appears in 1 contract

Samples: Security Agreement (Unifi Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to -------------------------------------- Section 26(a25(a) hereof, this Security Agreement shall terminate upon only upon: the satisfactory collateralization ------------- termination of all Commitments, the posting of satisfactory collateral for all outstanding Letters of Credit Credit, and the payment in full of all other Secured Obligations (other than indemnification Secured Obligations as to which no claim has been asserted).

Appears in 1 contract

Samples: Security Agreement (Mail Well Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a25(a) hereof, this Security Agreement shall terminate upon the satisfactory collateralization of all Letters of Credit and the payment in full of all other Guaranteed Obligations (other than indemnification Obligations obligations as to which no claim has been asserted).

Appears in 1 contract

Samples: General Security Agreement (Industrial Services of America Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 26(a25(a) hereof, this Security Agreement shall terminate upon the termination of all Commitments, the satisfactory collateralization of all Letters of Credit and the payment in full of all other Obligations (other than indemnification Obligations as to which no claim has been assertedasserted and to the extent necessary to satisfy the requirements of Section 22(d) hereof).

Appears in 1 contract

Samples: Security Agreement (Applica Inc)

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