Nature and Continuation of Lender’s Security Interest. Termination of Lender's Security Interest. This Agreement is made for ----------------------------------------- collateral security purposes only. This Agreement shall create a continuing security interest in the Patents and Licenses and shall terminate only when the Liabilities have been paid in full in cash and the Loan Agreement has been terminated. When this Agreement has terminated, Lender shall promptly execute and deliver to Borrower, at Borrower's expense, all termination statements and other instruments as may be necessary or proper to terminate Lender's security interest in the Copyrights and Licenses, subject to any disposition thereof which may have been made by Lender pursuant to this Agreement or the Loan Agreement.
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Sources: Loan and Security Agreement (Visual Numerics Inc), Copyright Security Agreement (Visual Numerics Inc)
Nature and Continuation of Lender’s Security Interest. Termination of Lender's Security Interest. This Agreement is made for ----------------------------------------- collateral security purposes only. This Agreement shall create a continuing security interest in the Patents Trademarks and Licenses and shall terminate only when the Liabilities have been paid in full in cash and the Loan Agreement has been terminated. When this Agreement has terminated, Lender shall promptly execute and deliver to Borrower, at Borrower's expense, all termination statements and other instruments as may be necessary or proper to terminate Lender's security interest in the Copyrights Trademarks and the Licenses, subject to any disposition thereof which may have been made by Lender pursuant to this Agreement or the Loan Agreement.
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