UCC Terminations. Immediately upon the termination of this Agreement, and provided that Palvella fulfilled its obligations under the Agreement and after Ligand has promptly, reasonably and in good faith ensured that there are no outstanding payments or other obligations owned to Ligand by Palvella under the Agreement, pursuant to Section 7.1 or Section 7.2, (a) any security interest created pursuant to Section 4.3.1(b) shall automatically terminate, without delivery of any instrument or performance of any act by any Person, (b) Palvella shall be permitted, and is hereby authorized, to terminate any financing statements which have been filed pursuant to Section 4.3.1(b), and (c) Ligand shall execute and deliver to Palvella all documents as Palvella shall reasonably request to evidence any such termination.
UCC Terminations. Each Borrower agrees that Lender shall not be required to execute any such UCC termination statements with respect to any Collateral unless and until all Obligations have been paid in full and Lender shall have terminated this Agreement in writing, which Lender shall do within a reasonable amount of time after the Obligations have been paid in full.
UCC Terminations. EXCEPT AS PROVIDED IN SECTION 2.3 HEREOF, BORROWER AGREES THAT LENDER SHALL NOT BE REQUIRED TO FILE ANY UCC TERMINATION STATEMENTS WITH RESPECT TO ANY COLLATERAL UNLESS AND UNTIL ALL OBLIGATIONS HAVE BEEN PAID IN FULL AND LENDER SHALL HAVE TERMINATED THIS AGREEMENT IN WRITING, WHICH LENDER SHALL DO WITHIN A REASONABLE AMOUNT OF TIME AFTER THE OBLIGATIONS HAVE BEEN PAID IN FULL. 12.18
UCC Terminations. Any appropriate or required Uniform Commercial Code termination statements, if necessary.
UCC Terminations. After the Closing Date, Seller shall use its reasonable commercial efforts to (a) obtain executed UCC termination statements for the financing statements set forth on Schedule 4.22 which are attached hereto (the "UCC Liens"), (b) file such executed UCC termination statements with the appropriate governmental agencies or authorities with respect to the UCC Liens and (c) deliver such executed and filed UCC termination statements to Purchaser. Seller's obligations under this Section 4.22 shall continue to be fully effective and enforceable with respect to any particular financing statement until the expiration of such applicable financing statement set forth on Schedule 4.22.
UCC Terminations. Within thirty (30) days after the date hereof, Borrowers shall deliver to Agent evidence that the Uniform Commercial Code financing statements described on Exhibit G attached hereto have been terminated.
UCC Terminations. The Agent shall have received evidence that all of the Borrower's obligations under the Original Credit Agreement have been repaid in full, that all commitments thereunder have been terminated and that all UCC-3 terminations and other discharges as are necessary to release the security interests granted pursuant to the Original Credit Agreement have been received.
UCC Terminations. Authorize Transportation Alliance Bank Inc. dba TAB Bank, InterMetro’s new lender (“TAB”), and/or InterMetro to file UCC termination statements with respect to each of the UCC Statements, in each jurisdiction in which a UCC Statement was filed, provided that Moriah shall retain a lien (i) on all accounts receivable and proceeds thereof of InterMetro, senior to all liens other than the first lien of TAB thereon; and (ii) all Equipment and Intellectual Property, junior to the liens described in the Amended and Restated Intercreditor Agreement, of even date herewith, among TAB, Moriah, InterMetro and the other lenders party thereto.
UCC Terminations. Borrower shall obtain, within ten (10) days of the date of this Amendment, UCC Termination Statements for the financing statements filed by (a) Xxxxx Fargo Bank against TKO Personnel; (b) Riverside Bank against TKI Consulting Inc.; and (c) PNG Telecommunications Inc against TA Acquisition Corp.
UCC Terminations. The Company shall have delivered to the Purchaser documents evidencing the release or termination of all security interests on the Purchased Assets, and UCC termination statements with respect to all UCC financing statements evidencing such security interests.
