Common use of Termination Statement Clause in Contracts

Termination Statement. At any time after later of (i) the effective date of the termination of this Agreement or (ii) the date on which all Assigned Accounts and all of your Obligations hereunder have been paid fully paid and performed, you may request and we will deliver to you UCC termination statements with respect to any and all recorded financing statements covering the Collateral then in our favor, provided such request is in writing and accompanied by a written general release by you in our favor in form and substance satisfactory to us and our counsel. To the maximum extent permitted by law, you hereby waive any and all statutory rights under Section 9-509 of the UCC to require us to deliver UCC termination statements in respect of the Collateral unless and until the conditions of this section have been satisfied.

Appears in 5 contracts

Samples: Master Factoring Agreement (Aegis Communications Group Inc), Master Factoring Agreement (Plangraphics Inc), Master Factoring Agreement (Acorn Holding Corp)

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Termination Statement. At any time after later of (i) the effective date of the termination of this Agreement or (ii) the date on which all Assigned Accounts and all of your Obligations hereunder have been paid fully paid and performed, you may request and we will deliver to you UCC termination statements with respect to any and all recorded financing statements covering the Collateral then in our favor, provided such request is in writing and accompanied by a written general release by you in our favor in form and substance satisfactory to us and our counsel. To the maximum extent permitted by law, you hereby waive any and all statutory rights under Section 9-509 513 of the UCC to require us to deliver UCC termination statements in respect of the Collateral unless and until the conditions of this section have been satisfied.

Appears in 1 contract

Samples: Accounts Receivable Purchase and Security Agreement (Global It Holdings Inc)

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Termination Statement. At any time after the later of (i) the effective date of the termination of this Agreement or (ii) the date on which all Assigned Accounts and all of your Obligations hereunder have been paid fully and indefeasibly paid and performed, you may request and we will deliver to you UCC termination statements with respect to any and all recorded financing statements covering the Collateral then in our favor, provided such request is in writing and accompanied by a written general release by you in our favor in form and substance satisfactory to us and our counsel. To the maximum extent permitted by law, you hereby waive any and all statutory rights under Section 9-509 513 of the UCC you may otherwise have prior to the termination of this Agreement to require us to deliver UCC termination statements in respect of the Collateral unless and until the conditions of this section have been satisfiedCollateral.

Appears in 1 contract

Samples: Master Factoring Agreement (EDUtoons, Inc.)

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