Termination; Release of Collateral. (a) Except for those provisions which expressly survive the termination thereof, this Agreement and the Security Interest shall terminate when all the Secured Obligations have been paid in full (excluding contingent obligations as to which no claim has been made) and the Lenders have no further commitment to lend under the Credit Agreement.
Appears in 3 contracts
Samples: Security Agreement (Zale Corp), Security Agreement (Zale Corp), Security Agreement (Z Investment Holdings, LLC)
Termination; Release of Collateral. (a) Except for those provisions which expressly survive the termination thereof, this This Agreement and the Security Interest shall terminate when all the Secured Obligations (other than the Chase Obligations that have not been liquidated at such time) have been indefeasibly paid in full (excluding contingent obligations as to which no claim has been made) and full, the Lenders have no further commitment to lend under the Credit Agreement.lend, there
Appears in 1 contract
Samples: Credit Agreement (Hechinger Co)
