Common use of Termination or Release Clause in Contracts

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full.

Appears in 6 contracts

Samples: Collateral Agreement (American Media Inc), Collateral Agreement (American Media Inc), Collateral Agreement (Ami Celebrity Publications, LLC)

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Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate with respect to all Obligations and any Liens arising therefrom shall be automatically released when all the outstanding Obligations (in each case other than contingent indemnification obligations not yet accrued and payable) have been indefeasibly paid satisfied and discharged in full.accordance with Section 12.01

Appears in 6 contracts

Samples: Pledge and Security Agreement (Sabre Corp), Security Agreement, Security Agreement (Sabre Corp)

Termination or Release. (a) This Agreement, Agreement and the Security Interest and all other security interests granted hereby shall terminate when all the Obligations (other than wholly contingent indemnification obligations) then due and owing have been indefeasibly paid in full.

Appears in 6 contracts

Samples: Collateral Agreement, Collateral Agreement (Level 3 Communications Inc), Collateral Agreement (Level 3 Communications Inc)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all Secured Obligations and any Liens arising therefrom shall be automatically released upon the Obligations have been indefeasibly paid in fullDischarge of Obligations.

Appears in 5 contracts

Samples: Guaranty and Security Agreement (CorePoint Lodging Inc.), Guaranty and Security Agreement (CorePoint Lodging Inc.), Credit Agreement (ESH Hospitality, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate with respect to all Obligations and any Liens arising therefrom shall be automatically released when all the outstanding Obligations (in each case other than contingent indemnification obligations not yet accrued and payable) have been indefeasibly paid in full.

Appears in 4 contracts

Samples: Pledge and Security Agreement, Security Agreement (Avaya Inc), Security Agreement (Avaya Inc)

Termination or Release. (a) This Agreement, the Security Interest Agreement and all other security interests granted hereby shall terminate when with respect to all the Secured Obligations have been indefeasibly paid and any Liens arising therefrom shall be automatically released upon payment in fullfull of all Obligations (other than contingent obligations not yet accrued and payable).

Appears in 4 contracts

Samples: Second Lien Pledge Agreement (SeaWorld Entertainment, Inc.), Pledge Agreement (SeaWorld Entertainment, Inc.), Security Agreement (Springleaf Finance Corp)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when all the Collateral Obligations have indefeasibly been indefeasibly paid in full.

Appears in 3 contracts

Samples: Collateral Agreement (International Wire Group Inc), Collateral Agreement (International Wire Group Inc), Collateral Agreement (International Wire Rome Operations, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all the Secured Obligations have been indefeasibly paid in fulland any Liens arising therefrom shall be automatically released upon a Discharge of Senior Credit Obligations.

Appears in 3 contracts

Samples: Security Agreement (MKS Instruments Inc), Security Agreement (MKS Instruments Inc), Security Agreement (Albany Molecular Research Inc)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall automatically terminate and be released with respect to all Secured Obligations when all the Obligations Termination Conditions have been indefeasibly paid in fullsatisfied.

Appears in 3 contracts

Samples: First Lien Security Agreement (Petco Health & Wellness Company, Inc.), Abl Security Agreement (Petco Health & Wellness Company, Inc.), Security Agreement (Allegro Microsystems Inc)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all the Secured Obligations have been indefeasibly paid in fullupon a Discharge of Secured Obligations.

Appears in 3 contracts

Samples: Second Lien Security Agreement (99 Cents Only Stores LLC), Security Agreement (99 Cents Only Stores), Security Agreement (99 Cents Only Stores)

Termination or Release. (a) This Agreement, Agreement and the Security Interest and all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in fullfull and all Secured Instrument Commitments shall have terminated.

Appears in 3 contracts

Samples: Security Agreement (Leap Wireless International Inc), Borrower Pledge Agreement (Leap Wireless International Inc), Parent Pledge Agreement (Leap Wireless International Inc)

Termination or Release. (a) This Agreement, Agreement and the Security Interest and all other security interests granted hereby shall terminate when all the Indenture Obligations have been indefeasibly paid in fullfull and there are no Notes outstanding.

Appears in 3 contracts

Samples: Pledge Agreement (Memc Electronic Materials Inc), Pledge Agreement (Memc Electronic Materials Inc), Indenture (Memc Electronic Materials Inc)

Termination or Release. (a) This Agreement, the guarantees made herein, the Security Interest and all other security interests granted hereby shall terminate terminate, and each Obligor shall be automatically released from its obligations hereunder, when all the Obligations have been indefeasibly are paid in fullfull in cash (other than contingent indemnification obligations).

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (Summit Midstream Partners, LP), Guarantee and Collateral Agreement (Summit Midstream Partners, LP), Guarantee and Collateral Agreement (Summit Midstream Partners, LP)

Termination or Release. (a) This Agreement, Agreement and the Security Interest and all other security interests granted hereby shall terminate when all the Secured Obligations have been indefeasibly paid in fullfull in cash.

Appears in 2 contracts

Samples: Pledge Agreement (DT Credit Company, LLC), Intercreditor Agreement (Seagate Technology)

Termination or Release. (af) This Agreement, the Security Interest Agreement and all other security interests granted hereby shall terminate when with respect to all the Secured Obligations have been indefeasibly paid and any Liens arising therefrom shall be automatically released upon payment in fullfull of all Obligations (other than contingent obligations not yet accrued and payable).

Appears in 2 contracts

Samples: Credit Agreement (American General Finance Corp), Credit Agreement (American General Finance Inc)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall automatically terminate when with respect to all Obligations upon termination of the Commitments and payment in full of all Obligations have (other than indemnities and contingent obligations with respect to which no claim for reimbursement has been indefeasibly paid made in fullwriting).

Appears in 2 contracts

Samples: Credit Agreement (Ugi Corp /Pa/), Security Agreement (Fuller H B Co)

Termination or Release. (a) This Agreement, the guarantees made herein, the Security Interest Interest, the pledge of the Pledged Collateral and all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (TRM Corp), Guarantee and Collateral Agreement (TRM Corp)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall automatically terminate when all the Secured Obligations have been indefeasibly paid in fullfull in accordance with the terms of the Note Purchase Agreement.

Appears in 2 contracts

Samples: Security Agreement (RMR Industrials, Inc.), Share Pledge Agreement (RMR Industrials, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all Secured Obligations and any Liens arising therefrom shall be automatically released upon (i) payment in full of all Secured Obligations (other than contingent obligations not yet accrued and payable) or (ii) legal defeasance, covenant defeasance or discharge under Article 8 of the Obligations have been indefeasibly paid in fullIndenture.

Appears in 2 contracts

Samples: Security Agreement (Gates Global Inc.), Security Agreement (Gates Engineering & Services FZCO)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate and be released when all the Secured Obligations have been indefeasibly paid Paid in fullFull.

Appears in 2 contracts

Samples: Intercreditor Agreement (Arconic Rolled Products Corp), Intercreditor Agreement (Arconic Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate with respect to all Secured Obligations when all the outstanding Secured Obligations under the Notes Documents (other than contingent indemnification obligations to the extent not asserted) have been indefeasibly paid in full.

Appears in 2 contracts

Samples: Security Agreement (West Corp), Intellectual Property Security Agreement (West Corp)

Termination or Release. (a) This Agreement, Agreement and the Security Interest and all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in full.

Appears in 2 contracts

Samples: Pledge Agreement, Pledge Agreement (Chaparral Resources Inc)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when all the Secured Notes Obligations (other than contingent obligations not yet due) have been indefeasibly paid in fullfull in cash.

Appears in 1 contract

Samples: Security Agreement (Amc Entertainment Holdings, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when all the Notes Obligations (other than contingent obligations) have been indefeasibly paid in fullfull pursuant to the terms of the Indenture, and the Trustee shall have informed the Collateral Agent thereof in writing.

Appears in 1 contract

Samples: Collateral Agreement (Symmetry Holdings Inc)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate terminate, and the Grantors shall automatically be released from their obligations, when all the Secured Obligations (excluding contingent obligations) have been indefeasibly paid in fullfull in cash.

Appears in 1 contract

Samples: Collateral Agreement (TAMINCO ACQUISITION Corp)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all the Second Lien Secured Obligations have been indefeasibly paid and any Liens arising therefrom shall be automatically released upon payment in fullfull of all Second Lien Secured Obligations (other than contingent obligations not yet accrued and payable).

Appears in 1 contract

Samples: Security Agreement (DJO Finance LLC)

Termination or Release. (a) This Agreement, Agreement and the Security Interest and all other security interests granted created hereby shall terminate when all the Obligations have been indefeasibly paid in fullfull pursuant to the terms of the Indenture. The Collateral shall be released as and to the extent provided in Article X of the Indenture.

Appears in 1 contract

Samples: Canadian Security Agreement (Pliant Corp)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate with respect to all Secured Obligations when all the Secured Obligations have been indefeasibly paid in fullfull and all Commitments have terminated.

Appears in 1 contract

Samples: Pledge and Security Agreement (Fusion Connect, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate and be released when all the Obligations have been indefeasibly paid in fullfull (other than contingent obligations for indemnification and expense reimbursement as to which no claim has been made).

Appears in 1 contract

Samples: Loan Agreement (Santander Holdings USA, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when all the Secured Notes Obligations have been indefeasibly paid in fullfull (other than contingent indemnification obligations for which no claim has been made).

Appears in 1 contract

Samples: Collateral Agreement (Graftech International LTD)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall automatically terminate with respect to all Secured Obligations when all the Secured Obligations have been indefeasibly paid in fullfull (other than contingent indemnification obligations).

Appears in 1 contract

Samples: Security Agreement (Global Cash Access Holdings, Inc.)

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Termination or Release. (a) This Security Agreement, the Security Interest and all other security interests granted hereby shall automatically terminate when with respect to all Note Obligations in accordance with the Note Documents upon the payment in full of all Note Obligations have been indefeasibly paid in full(other than contingent indemnification obligations not yet accrued and payable).

Appears in 1 contract

Samples: Pledge and Security Agreement (Ascend Wellness Holdings, Inc.)

Termination or Release. (a) 113. This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all the Secured Obligations have been indefeasibly paid upon payment in fullfull of all Secured Obligations (other than contingent indemnity obligations with respect to then unasserted claims).

Appears in 1 contract

Samples: Assignment and Assumption (Performance Food Group Co)

Termination or Release. (a) This AgreementAgreement and each other Collateral Document (in each case, other than with respect to provisions hereof that expressly survive termination), the Security Interest and all other security interests granted hereby or thereby shall terminate when with respect to all Secured Obligations and any Liens arising therefrom shall be automatically released upon the satisfaction and discharge or defeasance of the Secured Obligations have (other than contingent indemnification obligations as to which no claim has been indefeasibly paid in full.asserted) ..

Appears in 1 contract

Samples: Intercreditor Agreement (Option Care Health, Inc.)

Termination or Release. (a) This Agreement, Agreement shall terminate and the Security Interest and all other security interests granted hereby shall terminate be automatically released when all the Obligations have been indefeasibly paid in full.

Appears in 1 contract

Samples: Collateral Agreement (Us Oncology Corporate Inc)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all Secured Obligations and any Liens arising therefrom shall be automatically released upon all of the Secured Obligations have having been indefeasibly paid in full.

Appears in 1 contract

Samples: Credit Agreement (Quintiles Transnational Holdings Inc.)

Termination or Release. (a) This AgreementAgreement shall terminate (other than provisions hereof providing for indemnities, reimbursement obligations and similar contingent obligations) and the Security Interest and all other security interests granted hereby shall terminate when all be automatically released upon the Obligations have been indefeasibly paid in fullDischarge of Term Obligations.

Appears in 1 contract

Samples: Counterpart Agreement (REV Group, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when all the Secured Obligations (other than contingent obligations not yet due) have been indefeasibly paid in fullfull in cash.

Appears in 1 contract

Samples: Collateral Agreement (Sinclair Broadcast Group Inc)

Termination or Release. (a) This Agreement, Agreement shall terminate (other than provisions hereof providing for indemnities and similar contingent obligations) and the Security Interest and all other security interests granted hereby shall terminate when all be automatically released upon the Obligations have been indefeasibly paid in fullDischarge of Revolving Obligations.

Appears in 1 contract

Samples: Intercreditor Agreement (REV Group, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all the Secured Obligations have been indefeasibly paid and any Liens arising therefrom shall be automatically released upon payment in fullfull of all Secured Obligations (other than contingent obligations not yet accrued and payable).

Appears in 1 contract

Samples: Security Agreement (SeaWorld Entertainment, Inc.)

Termination or Release. (a) This AgreementAgreement and each other Collateral Document (in each case, other than with respect to provisions hereof that expressly survive termination), the Security Interest and all other security interests granted hereby or thereby shall terminate when with respect to all Secured Obligations and any Liens arising therefrom shall be automatically released upon termination of the Aggregate Commitments and payment in full of all Obligations have (other than contingent indemnification obligations as to which no claim has been indefeasibly paid in full.asserted) ..

Appears in 1 contract

Samples: Intercreditor Agreement (Option Care Health, Inc.)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate with respect to all Obligations and any Liens arising therefrom shall be automatically released when all the outstanding Obligations have been indefeasibly paid satisfied and discharged in fullaccordance with Section 12.01 of the Indenture.

Appears in 1 contract

Samples: Pledge and Security Agreement (Sabre Corp)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate when with respect to all Secured Obligations and any Liens arising therefrom shall be automatically released upon termination of the Aggregate Commitments and payment in full of all Secured Obligations have been indefeasibly paid in full(other than (i) contingent indemnification obligations not yet accrued and payable).

Appears in 1 contract

Samples: Security Agreement (DJO Finance LLC)

Termination or Release. (a) This AgreementAgreement and each other Collateral Document (in each case, other than with respect to provisions hereof that expressly survive termination), the Security Interest and all other security interests granted hereby or thereby shall terminate when with respect to all Secured Obligations and any Liens arising therefrom shall be automatically released upon termination of the Aggregate Commitments and payment in full of all Obligations have (other than contingent indemnification obligations as to which no claim has been indefeasibly paid in fullasserted) .

Appears in 1 contract

Samples: Intercreditor Agreement (Option Care Health, Inc.)

Termination or Release. (a) This AgreementAgreement shall terminate (other than provisions hereof providing for indemnities, reimbursement obligations and similar contingent obligations) and the Security Interest and all other security interests granted hereby shall terminate when all be automatically released upon the Obligations have been indefeasibly paid in fullDischarge of Revolving Obligations.

Appears in 1 contract

Samples: Counterpart Agreement (REV Group, Inc.)

Termination or Release. (a) This Agreement, Security Agreement and the Security Interest and all other security interests granted hereby shall terminate when all the Obligations have been indefeasibly paid in fullfull in cash as provided in the Promissory Note.

Appears in 1 contract

Samples: Security Agreement (First Transaction Management Inc)

Termination or Release. (a) This Agreement, the guarantees made herein, the Security Interest and all other security interests granted hereby shall terminate when all the Guaranteed Obligations have been indefeasibly paid in fullfull in cash and the Indenture and the notes issued thereunder are discharged in accordance with Section 8.01 of the Indenture.

Appears in 1 contract

Samples: Collateral Agreement (Chart Industries Inc)

Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate with respect to all Secured Obligations when all the Secured Obligations (excluding contingent obligations as to which no claim has been made) have been indefeasibly paid in fullfull and all Commitments have terminated.

Appears in 1 contract

Samples: Pledge and Security Agreement (Fusion Connect, Inc.)

Termination or Release. (a) This Agreement, Agreement (except for Section 1.7) and the Security Interest and all other security interests granted hereby shall terminate when all the Note/Debenture Obligations have been indefeasibly paid in full.

Appears in 1 contract

Samples: Stock Pledge Agreement (NSM Steel Co LTD)

Termination or Release. (a) This Agreement, the Security Interest a)This Agreement and all other security interests granted hereby shall terminate when upon termination of the Aggregate Commitments and payment in full of all the Obligations have been indefeasibly paid in full(other than contingent indemnification obligations not yet accrued and payable).

Appears in 1 contract

Samples: Assignment and Assumption (Targa Resources Investments Inc.)

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