Continuing Interest. This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the satisfaction in full of all of the Obligations. At such time as Debtor shall completely satisfy all of the Obligations, this Agreement shall terminate and the Secured Parties shall execute and deliver to Debtor all instruments as may be necessary to re-vest in Debtor full title to the Collateral or evidence such termination.
Appears in 2 contracts
Sources: Secured Note Purchase Agreement (Medicalcv Inc), Secured Note Purchase Agreement (Medicalcv Inc)