Release of security interest clause samples

4.2 Release of Security Interest. Party A agrees to notify the Custodian promptly in writing when all obligations of Party B to Party A under the Master Agreement have been fully paid and satisfied (and any commitment of Party A to advance further amounts or credit thereunder has been terminated) or Party A otherwise no longer claims any interest in the Collateral in the Collateral Accounts, whichever is sooner; at which time the Custodian shall have no further liabilities or responsibilities hereunder and the Custodian’s obligations under this Agreement shall terminate.

4.17Termination of Agreement; Release of Security Interest.Upon the satisfaction in full in cash of all amounts owing with respect to the Loans to and other sums owed by, and all other Obligations of, each Borrower under the Loan Agreement and the other Loan Documents, the Guaranty and payment and performance of all other Obligations of Pledgor under the Guaranty Agreement, this Agreement shall terminate without further action by Lender; provided, however, that this Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Pledgor for liquidation or reorganization, should Pledgor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of Pledgor’s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to Applicable Laws, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made.In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Loans to and other sums owed by, and all other Obligations of, each Borrower under the Loan Agreement and the other Loan Documents, the Guaranty and payment and performance of all other Obligations of Pledgor under the Guaranty Agreement shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.Upon termination of this Agreement, Lender will return the Pledged Collateral, if applicable, to Pledgor upon request therefor and will execute and deliver to Pledgor any releases, termination statements or similar instruments of reconveyance as Pledgor may reasonably request.All such instruments and documents shall be prepared by Pledgor and filed or recorded by Pledgor, at Pledgor’s sole expense, and Lender shall not have any duty, obligation or liability with respect thereto.

(d) Release of Security Interest. Upon the complete and final payment and performance of the Obligations, Buyer shall release its security interest hereunder; provided, that Buyer shall release its security interest in and to any Interest Rate Protection Agreement on the Repurchase Date for the related Purchased Asset and Buyer shall authorize Custodian to release to Guarantor all documents delivered to Custodian with respect to such Interest Rate Protection Agreement and, to the extent any UCC financing statement has been filed against Guarantor with respect to such Interest Rate Protection Agreement, Buyer shall deliver an amendment thereto or termination thereof evidencing the release of such Interest Rate Protection Agreement from Buyer’s security interest therein.

9. Release of Security Interest. At such time as the Indebtedness has been paid and performed in full, Pledgee shall automatically and without further action release Pledgee’s security interest in the Collateral then remaining in accordance with the written directions of Pledgor.

Section4.10 Release of Security Interest. Upon the latest to occur of (a)the repayment to Buyer of all Obligations hereunder, and (b)the occurrence of the Termination Date, Buyer shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to Seller such documents or instruments as Seller shall reasonably request to evidence such release.

4.10 Release of Security Interest. Upon termination of this Repurchase Agreement and payment to the Buyer of all Repurchase Obligations and the performance of all obligations under the Transactions and the Repurchase Documents the Buyer shall reconvey all Purchased Items to the Seller and release its security interest in any remaining Purchased Items.

Section4.05 Release of Security Interest. Upon termination of this Agreement and repayment to the Lender of all Hedging Transaction Obligations and all Obligations in full in cash and the performance of all obligations (other than Unliquidated Obligations) under the Loan Documents, the Lender shall release its security interest in any remaining Collateral; provided, that if any payment, or any part thereof, of any of the Hedging Transaction Obligations or the Obligations is rescinded or must otherwise be restored or returned by the Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower, or upon or as a result of the appointment of a receiver, intervener or conservator of, or a trustee or similar officer for the Borrower or any substantial part of its property, or otherwise, this Agreement, all rights hereunder and the Liens created hereby shall continue to be effective, or be reinstated, until such payments have been made.

Section4.12 Release of Security Interest. Upon the latest to occur of (a)the repayment to Buyer of all Obligations and the performance of all obligations under the Program Agreements, and (b)the occurrence of the Termination Date, Buyer shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to Seller such documents or instruments as Seller shall reasonably request to evidence such release; provided, that such release shall not be required until such time as the Acknowledgment Agreement is terminated.

Section7.02 Release of Security Interest. On the Final Payment Date, the Lender, shall, at the expense of the Borrowers, promptly execute, deliver and file or authorize for filing such instruments as the Borrowers shall reasonably request in order to reassign, release or terminate the Lender’s security interest in and Lien on the Collateral. Any and all actions under this Article VII in respect of the Collateral shall be without any recourse to, or representation or warranty by the Lender and shall be at the sole cost and expense of the Borrowers.

4.10 Release of Security Interest. Upon repayment to Lender of all Secured Obligations and performance of all obligations under the Loan Documents, Lender shall release its security interest in any remaining Collateral; provided that if any payment, or any part thereof, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Borrower, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or a trustee or similar officer for, Borrower or any substantial part of its Property, or otherwise, this Loan Agreement, all rights hereunder and the Liens created hereby shall continue to be effective, or be reinstated, as though such payments had not been made until such time as such payments have been indefeasibly made. Upon the payment in full of an Underlying Loan, Lender shall release to Borrower the applicable Underlying Loan Documents and execute, acknowledge and deliver to Borrower (at Borrower’s cost and expense) any and all documents, instruments and agreements reasonably necessary to release all security interests in the Underlying Loans and the Underlying Loan Documents.

Section4.12 Release of Security Interest. Upon the latest to occur of (a)the repayment to Buyer of all Obligations and the performance of all obligations under the Program Agreements, and (b)the occurrence of the Termination Date, Buyer shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to Seller such documents or instruments as Seller shall reasonably request to evidence such release; provided, that such release shall not be required until such time as the Acknowledgment Agreement is terminated. In connection with a Permitted Disposition and any Excluded Assets, the Buyer shall promptly execute and deliver to Seller a release of lien substantially in the form set forth in Exhibit H to the Base Indenture, and such further documents or instruments as Seller shall reasonably request to evidence a release of any security interest hereunder.

4.10Release of Security Interest.Upon termination of this Loan Agreement and repayment to the Lender of all Secured Obligations and the performance of all obligations under the Loan Documents, the Lender shall release its security interest in any remaining Collateral; provided that if any payment, or any part thereof, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of a Borrower, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or a trustee or similar officer for, a Borrower or any substantial part of its Property, or otherwise, this Loan Agreement, all rights hereunder and the Liens created hereby shall continue to be effective, or be reinstated, as though such payments had not been made.So long as no Default or Event of Default has occurred and is continuing and no Borrowing Base Deficiency would result therefrom, the Lender shall, at the written request of a Borrower given at least five (5)Business Days’ prior to the date of release and provided that the related proceeds of such SBC Loan are remitted to the applicable Collection Account and at least equal an allocation price mutually agreed to by the Lender and the Borrowers, release its security interest in a portion of the Collateral.

4.10Release of Security Interest. Upon termination of this Repurchase Agreement and payment to the Buyer of all Obligations and the performance of all obligations under the Facility Documents, the Buyer shall release its security interest in any remaining Repurchase Assets; provided that if any payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned by the Buyer upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of a Seller, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or a trustee or similar officer for, a Seller or any substantial part of its Property, or otherwise, this Repurchase Agreement, all rights hereunder and the Liens created hereby shall continue to be effective, or be reinstated, as though such payments had not been made. So long as no Default or Event of Default has occurred and is continuing and no Margin Deficit would result therefrom, the Buyer shall, at the written request of a Seller given at least five (5)Business Days’ prior to the date of release and provided that the related proceeds of such Purchased Assets are remitted to the Collection Account and at least equal a Purchase Price mutually agreed to by the Buyer and the Sellers, release its security interest in a portion of the Repurchase Assets.

Section7.02 Release of Security Interest. Liens granted to the Administrative Agent for the benefit of the Secured Parties on any Collateral shall be automatically released (i)if and only if all Obligations have been paid in full and all Commitments have been terminated (other than with respect to contingent indemnification obligations for which a claim has not yet been made) or (ii)upon the sale or disposition of the applicable Collateral by the Borrower in compliance with the terms and conditions of this Agreement and, in each case, the Administrative Agent (for itself and on behalf of the other Secured Parties) shall, at the expense of the Borrower, promptly execute, deliver and file or authorize for filing such instruments as the Borrower shall reasonably request in order to reassign, release or terminate the Secured Parties’ security interest in the applicable Collateral. Any and all actions under this Article VII in respect of the Collateral shall be without any recourse to, or representation or warranty by any Secured Party and shall be at the sole cost and expense of the Borrower.

Section5.12 Release of Security Interest. Prior to the Effective Time, the Company shall pay, in full, all principal and interest payments due on the Company’s outstanding secured line of credit from First National Bank of Muscatine, Muscatine, Iowa, and obtain the release of First National Bank of Muscatine’s security interest on the issued and outstanding shares of common stock of the Bank pledged to First National Bank of Muscatine in connection with such debt obligation.

SECTION 4. Release of Security Interest. Upon (i) the sale, transfer or other disposition of any Patent Collateral in accordance with the Credit Agreement or (ii) the indefeasible payment in full in cash of the Obligations and the termination of the Revolving Commitment (as defined in the Credit Agreement), the Secured Party shall promptly upon the Grantor’s request and contemporaneously with any refinancing of the Obligations, at the Grantor’s expense, execute and deliver to the Grantor all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Patent Collateral which has been granted hereunder.

4.10 Release of Security Interest. Promptly after irrevocable payment in full to Lender of all Secured Obligations, Lender shall release its security interest in any remaining Collateral; provided that if any payment, or any part thereof, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Borrower, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or a trustee or similar officer for, Borrower or any substantial part of its Property, or otherwise, this Loan Agreement, all rights hereunder and the Liens created hereby shall continue to be effective, or be reinstated, as though such payments had not been made until such time as such payments have been indefeasibly made. Upon the release of the security interest in the Asset pursuant to this Section, Lender shall promptly release to Borrower the Asset Files and execute, acknowledge and deliver to Borrower any and all documents, instruments and agreements necessary to release all security interests in the Collateral.

Section4.16 Release of Security Interest. Upon termination of this Agreement and (i)repayment to Administrative Agent, for the benefit of Buyers, of all Obligations (other than unasserted contingent claims for indemnification reimbursement) and the performance of all obligations under the Program Agreements and (ii)so long as no Event of Default has occurred hereunder, Administrative Agent and Buyers shall release their security interest in any remaining Repurchase Assets and shall promptly execute and deliver to Seller such documents or instruments as Seller shall reasonably request to evidence such release. Notwithstanding the foregoing, Seller may, with prior notice to Administrative Agent, transfer or otherwise dispose of any Servicing Rights sold and/or pledged hereunder, and Administrative Agent and Seller shall amend Schedule 2 hereto to reflect such transfer or disposition, so long as (i)Seller has repaid to Administrative Agent all Obligations with respect to such Servicing Rights, (ii)after giving effect thereto, no Margin Deficit exists and (iii)no Event of Default shall exists; provided that, Administrative Agent shall not release its security interest in such Servicing Rights until all Obligations with respect to such Servicing Rights have been satisfied. In connection with any such transfer or disposition, Administrative Agent will, upon Seller’s request, deliver to or for the account of Seller, or authorize Seller or its agents to file, a UCC-3 financing statement to release Administrative Agent’s security interest in such Servicing Rights and Repurchase Assets.

Section 7.06 Release and Recordation of Release of Security Interest. Prior to Closing, the Company shall pay all amounts owed (if any remaining) under the Loan and Security Agreement between Ghost Management Group, LLC and Entrepreneur Growth Capital LLC (“Entrepreneur Growth”) dated June 30, 2015, as such agreement may have been amended, restated, supplemented or otherwise modified, and the Company shall take all actions necessary to obtain and record documentation confirming the release of the security interest held by Entrepreneur Growth.

5.5.Repayment of Indebtedness and Release of Security Interest. Upon repayment in full of the Indebtedness and Borrower’s full and complete performance of its Obligations hereunder, and upon Borrower’s request, the Bank shall release the Security Interest conveyed to the Bank hereunder and shall execute such termination statements, releases of mortgages of copyright and other documents as may be necessary to evidence the same, all without recourse upon or warranty by the Bank and at Borrower’s sole cost and expense. Notwithstanding the foregoing, Borrower’s representations, warranties, agreements and indemnities hereunder shall survive repayment of the Indebtedness. The Borrower shall directs the Bank to deposit any excess cash in its possession following repayment in full of the Indebtedness.

14.3.11Release of Security Interest.Upon any termination of this Agreement and payment by Apellis of all amounts specified as being payable upon such termination in this Section 14.3 (other than a termination pursuant to Section 14.2.2, in which case SFJ’s security interest shall not be released until the earlier of such time as conditions exist that would have permitted this Agreement to be terminated under Section 14.2.3 or Section 14.2.6 in the absence of such termination under Section 14.2.2 or such time as Apellis has made all Approval Payments that become payable pursuant to Section 14.3.2) excluding Approval Payment amounts, SFJ shall and hereby does release the security interest granted by Apellis to SFJ pursuant to Article 7.SFJ agrees to sign such further releases and other documents and take such further actions as may be necessary or desirable, in Apellis’ reasonable judgment and at Apellis’ request, to more fully give effect to such release.