Common use of TERMINATION OF THIS SECURITY AGREEMENT Clause in Contracts

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 hereof, this Security Agreement shall terminate upon the indefeasible payment in full, in cash, of all Obligations of Borrower (other than contingent indemnification obligations to the extent no unsatisfied claim giving rise there has been asserted) under the Credit Agreement and the termination of the Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (Flotek Industries Inc/Cn/), Security Agreement (Englobal Corp)

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TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 hereof10(f), this Security Agreement shall terminate upon the indefeasible payment in full, in cash, complete and final payment of all the Secured Obligations of Borrower (other than contingent indemnification obligations to the extent no unsatisfied claim giving rise there has been asserted) under the Credit Agreement and the termination of the Revolving Loan Commitments under the Credit Agreement.

Appears in 1 contract

Samples: Guaranty Agreement (American Commercial Lines Inc.)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 hereof, this Security Agreement shall terminate upon when all of the indefeasible payment Obligations have been paid (or in fullthe case of Letter of Credit Obligations, cash collateralized in cash, of all Obligations of Borrower (other than contingent indemnification obligations to the extent no unsatisfied claim giving rise there has been asserted) under the Credit Agreement and the termination of accordance with the Credit Agreement) in full.

Appears in 1 contract

Samples: Security Agreement (Finlay Enterprises Inc /De)

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TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 hereof9, above, this Security Agreement shall terminate upon the indefeasible payment in full, complete and final payment of the Secured Obligations and the termination of the lending commitments under the Credit Documents (except in cash, of all Obligations of Borrower (each case other than contingent indemnification obligations to the extent no unsatisfied claim giving rise there has been asserted) under the Credit Agreement and the termination Obligations in respect of the Credit AgreementLender Rate Contracts or Lender Bank Products).

Appears in 1 contract

Samples: Security Agreement (IPC the Hospitalist Company, Inc.)

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