Release of Security Interest definition

Release of Security Interest means form HUD-11711A, Xxxxxx Mae Form 2004A, Xxxxxxx Mac Form 996 or Xxxxxxx Mac Form 996E, as applicable.
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Release of Security Interest. Notwithstanding the provisions set forth in Section 2(A) of the Master Lease to the contrary, if the following conditions are met, Lessor shall release its security interest in the Equipment specified in this Addendum: (1) Lessee has paid all amounts that are required to be paid hereunder and under the Master Lease; (2) Lessee is not otherwise in default, and no event shall have occurred that with the passage of time or the giving of notice or both would constitute a default, under the Master Lease, this Addendum, or any other addendum; (3) Lessor shall have determined, in its reasonable and sole discretion, that Lessee will be able to perform its remaining obligations under the Master Lease; and (4) all Equipment other than the Equipment under this Schedule then remaining subject to the Master Lease and all other addenda shall have a value that is, in Lessor's sole reasonable discretion, adequate to satisfy all of Lessee's obligations then remaining due and unpaid under the Master Lease and all addenda thereto.
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Release of Security Interest has the meaning set forth in Section 2.3.
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Examples of Release of Security Interest in a sentence

  • The Issuer must provide the document custodian with releases by the interim lenders of all security interests in mortgages included in a specific pool or loan package (see Release of Security Interest, form HUD 11711A (Appendix III-5)).

  • Any Purchased Mortgage Loans that are not included in the related Purchased Agency Security shall continue to be Purchased Mortgage Loans under the Agreement and the Release of Security Interest shall not apply to such Purchased Mortgage Loans.

  • The Issuer must provide the document custodian with releases by the interim lenders of all security interests in Participations included in a specific pool and related mortgages (see Release of Security Interest, form HUD 11711A (Appendix III-5)).

  • Such release of security interest will be effected pursuant to a Release of Security Interest, a form of which is attached hereto as Exhibit A (the "Release"), and the delivery of the Collateral to Xxxxxx at the direction of Jaguar in consideration of the Prepayment.

  • If the form HUD-11711B indicates a second party interest in any pooled mortgage, at least one original Release of Security Interest, form HUD-11711A (Appendix III-5 of the Guide) (“form HUD-11711A”), is required.

  • Release of Security Interest..................................................................

  • If the form HUD11711B indicates a second party interest in any pooled mortgage, at least one original Release of Security Interest, form HUD11711A (Appendix III-5 of the Guide) (“form HUD11711A”), is required.

  • Borrower shall obtain Comerica Bank’s authorization to file the executed Reassignment and Release of Security Interest of Security Interest dated as of January 23, 2007 with the Patent and Trademark Office or Bank shall have received evidence of such filing by Comerica Bank reasonably satisfactory to Bank, within 30 days of the Effective Date.

  • Release of Security Interest in Assets Being Sold 45 Section 2.18.

  • Upon the occurrence of all the following on or prior to February 24, 1999, Lender shall execute and deliver a Release of Guaranty Agreement in favor of each of the Guarantors in the form attached as Exhibit 1, Releases of Security Interests under Pledge Agreements in the forms attached as Exhibits 2 and 3, a Release of Security Interest under the Wxxxx Agreement in the form attached as Exhibit 4 and a First Amendment to Promissory Note, the form of which is attached as Exhibit 5.


More Definitions of Release of Security Interest

Release of Security Interest. The Loan is currently secured by a lien on the boxing film library owned by Big Content, Inc., an affiliate of CKP. Upon payment in full of the consideration referred to in "Release of Loan" above and forgiveness of the Loan, the security interest in the boxing library will be released. Release of Other Loans: Approximately $220,000 of other loans have been made by Livingston and its affiliates to CKP (xxx "Xxxer Loans"). In consideration for CKP's issuance to Livingston of 800,000 shares of Commxx Xxxxx, Livingston will forgive, and will cxxxx xxx affiliates to forgive, the Other Loans and all accrued but unpaid interest thereon. Upon the forgiveness of the Other Loans, Livingston shall concurrently relexxx Xx. Xxmes DiLorenzo from his guarantx xx $000,000 of the Other Loans.
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Release of Security Interest in Dutterer's Inventory and Receivables. The Bank hereby terminates and releases the security interests granted to it pursuant to the Dutterer's Security Agreement and shall, at the request of the Borrower and/or Dutterer's, duly execute and deliver appropriate Uniform Commercial Code termination statements evidencing such termination and release.
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Related to Release of Security Interest

  • Breach of Security means the occurrence of unauthorised access to or use of the Premises, the Services, the Contractor system or any ICT or data (including the Authority’s Data) used by the Authority or the Contractor in connection with this Contract.

  • Prior Security Interest means a valid and enforceable perfected first-priority security interest in and to the Collateral that is subject only to Permitted Liens which have first-priority by operation of applicable Law.

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Lien means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).

  • Security Interest means any mortgage, charge, pledge, lien or other security interest including, without limitation, anything analogous to any of the foregoing under the laws of any jurisdiction;

  • Permitted Security Interest means any Security Interest:

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this definition:

  • Guaranteed asset protection waiver means that term as defined in section 3 of the guaranteed asset protection waiver act.

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.

  • Acceptable Security Interest in any Property means a Lien which (a) exists in favor of the Administrative Agent for the benefit of the Secured Parties, (b) is superior to all Liens or rights of any other Person in the Property encumbered thereby other than Permitted Subject Liens, (c) secures the Obligations, and (d) is perfected and enforceable.

  • Subordination Provisions has the meaning specified in Section 8.01(l).

  • Discharge of Second Lien Obligations means the occurrence of all of the following:

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Purchase Money Security Interest means Liens upon tangible personal property securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property.

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Pledge shall have the meaning assigned to such term in Section 14(c).

  • Fixture filing means the filing of a financing statement covering goods that are or are to become fixtures and satisfying section 9502(1) and (2). The term includes the filing of a financing statement covering goods of a transmitting utility which are or are to become fixtures.

  • the obligors on a note means "the obligor or obligors on a note"). "Until [something occurs]" does not imply that it must occur, and will not be modified by the word "unless." The word "due" and the word "payable" are each used in the sense that the stated time for payment has passed. The word "accrued" is used in its accounting sense, i.e., an amount paid is no longer accrued. In the calculation of amounts of things, differences and sums may generally result in negative numbers, but when the calculation of the excess of one thing over another results in zero or a negative number, the calculation is disregarded and an "excess" does not exist. Portions of things may be expressed as fractions or percentages interchangeably.

  • General Security Agreement means the general security agreement dated on or about the date hereof given by Borrower in favour of Lender in respect of the Obligations.

  • Real Property Security Documents means the Landlord Consent and any mortgage or deed of trust or any other real property security document executed or required hereunder to be executed by any Obligor and granting a security interest in real Property owned or leased (as tenant) by any Obligor in favor of the Lenders.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.