Example ContractsClausesacknowledgment of security interestsVariants
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Termination of Security Interests. Notwithstanding termination of this Agreement, until all Obligations have been Paid in Full, Agent, for the account of Lenders, shall retain a security interest in all Collateral existing and thereafter arising and Borrowers shall continue to collaterally assign to Agent, for the account of Lenders, all Contracts and security therefor and shall continue to turn over to Agent, in kind, all collections received respecting the Contracts as and to the extent required by the Loan Documents. After termination, and when Agent has received Payment in Full of all Obligations, for the account of the Lenders, the security interest created hereby shall terminate and all right to the Collateral shall revert to the Borrowers and Agent shall promptly execute such evidence of termination of all security agreements and release of the security interests given by Borrowers to Agent as Borrower may reasonably request.

Section # Termination of Security Interests. NotwithstandingInterest. Upon the payment in full of all Obligations (other than inchoate indemnity obligations) and the termination of this Agreement, until all Obligations have been Paid in Full, Agent, for the account of Lenders, shall retain a security interest in all Collateral existing and thereafter arising and Borrowers shall continueany commitment to collaterally assign to Agent, for the account of Lenders, all Contracts and security therefor and shall continue to turn over to Agent, in kind, all collections received respecting the Contracts as and to the extent required by the Loan Documents. After termination, and when Agent has received Payment in Full of all Obligations, for the account of the Lenders,make Loans, the security interest created herebygranted herein shall terminate and all rightrights to the Collateral shall revert to the BorrowersBorrower. Upon Agent’s written verification to Borrower of receipt of such payment, Agent hereby authorizes Borrower to file any UCC termination statements necessary to effect such termination and Agent shall promptlywill return any Collateral in its possession to Borrower and will execute such evidence of termination of all security agreements and release of the security interests given by Borrowersdeliver to AgentBorrower any additional documents or instruments as Borrower mayshall reasonably request.request to evidence such termination.

TerminationSection # Grant of Security Interests.Interest. Borrower grants and pledges to Agent on behalf of all a continuing security interest in all presently existing and hereafter acquired or arising Collateral in order to secure prompt payment of any and all Obligations and in order to secure prompt performance by Borrower of each of its covenants and duties under the Transaction Documents. Notwithstanding termination of this Agreement, until all Obligations have been Paid in Full, Agent, for the account of Lenders, shall retain a security interest in all Collateral existing and thereafter arising and Borrowers shall continue to collaterally assign to Agent, for the account of Lenders, all Contracts and security therefor and shall continue to turn over to Agent, in kind, all collections received respecting the Contracts as and to the extent required by the Loan Documents. After termination, and when Agent has received Payment in Full of all Obligations, for the account of the Lenders, the security interest created hereby shall terminate and all right toAgent’s Lien on the Collateral shall revert to the Borrowers and Agent shall promptly execute such evidence of termination of all security agreements and release of the security interests given by Borrowers to Agentremain in effect for so long as Borrower may reasonably request.any Obligations (other than inchoate indemnity obligations) are outstanding.

TerminationAcknowledgment of Security Interests. Notwithstanding terminationThe Loan Parties hereby acknowledge, confirm and agree that Agent on behalf of this Agreement, until all ObligationsLenders and Bank Product Providers shall continue to have been Paid in Full, Agent, for the account of Lenders, shall retain a security interest in alland lien upon the assets of the Loan Parties constituting Collateral existing and thereafter arising and Borrowers shall continueheretofore granted to collaterally assign to Agent, forAgent (in its capacity as agent under the account of Lenders, all Contracts and security therefor and shall continue to turn over to Agent, in kind, all collections received respecting the Contracts as andExisting Credit Agreement) pursuant to the extent required byExisting Loan Documents to secure the Loan Documents. After termination, and when Agent has received Payment in Full of all Obligations, for the accountas well as any Collateral granted under this Agreement or under any of the Lenders, the security interest created hereby shall terminate and all rightother Loan Documents or otherwise granted to or held by Agent or any Lender. The Liens of Agent in the Collateral shall revertbe deemed to be continuously granted and perfected from the Borrowers and Agent shall promptly execute such evidence of termination of all security agreements and releaseearliest date of the securitygranting and perfection of such Liens interests given by Borrowers to Agent (in its capacity as Borrower may reasonably request.agent under the Existing Credit Agreement) and Existing Lenders, whether under the Existing Loan Documents, this Agreement or any of the other Loan Documents.

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