Common use of Release and Termination Clause in Contracts

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices), the Administrative Agent and Infogrames U.S. will, at such Grantor's expense, execute and deliver to such Grantor such documents as such Grantor shall request to evidence the release of such item of Collateral from the assignment and security interests granted hereby. (b) This Agreement shall remain in effect from the date hereof through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is terminated and upon such date the Security Interests granted hereby shall terminate and all rights to the Collateral shall revert to the Grantors. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors the Collateral held by it hereunder, all instruments of assignment executed in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. or any of their respective agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors shall request to evidence such termination in each such case at the expense of the Grantors.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor Assignor in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices), the Administrative Collateral Agent and Infogrames U.S. will, at such GrantorAssignor's expense, execute and deliver to such Grantor Assignor such documents as such Grantor Assignor shall request to evidence the release of such item of Collateral from the assignment and security interests interest granted hereby. (b) This Agreement shall remain in effect from the date hereof Closing Date through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is Commitments terminated and upon such date the Security Interests Interest granted hereby shall terminate and all rights to the Collateral shall revert to the GrantorsAssignors. Upon any such termination, (i) the Administrative Collateral Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors Assignors the Collateral held by it hereunder, all instruments of assignment executed in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. Collateral Agent or any of their respective its agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, Agents and the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors Assignors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors Assignors shall request to evidence such termination in each such case at the expense of the Grantors.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor in accordance with the terms of the Loan Documents (other than sales of Collateral Inventory in the ordinary course of business consistent with past practicesbusiness), the Administrative Agent will, at the expense of the Grantor pledging such item of Collateral hereunder, execute and Infogrames U.S. deliver to such Grantor such documents as such Grantor shall reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted hereby; provided, however, that (i) at the time of such request and such release no Default shall have occurred and be continuing, (ii) such Grantor shall have delivered to the Administrative Agent, at least ten days prior to the date of the proposed release, a written request for release describing the item of Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Administrative Agent and a certification by such Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Administrative Agent may request, and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied in accordance with Section 2.06 of the Credit Agreement shall be paid to, or in accordance with the instructions of, the Administrative Agent at the closing. (b) Upon the later of the payment in full in cash of the Secured Obligations and the Termination Date, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the appropriate Grantor. Upon any such termination, the Administrative Agent will, at such Grantor's expense, execute and deliver to such Grantor such documents as such Grantor shall request to evidence the release of such item of Collateral from the assignment and security interests granted hereby. (b) This Agreement shall remain in effect from the date hereof through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is terminated and upon such date the Security Interests granted hereby shall terminate and all rights to the Collateral shall revert to the Grantors. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors the Collateral held by it hereunder, all instruments of assignment executed in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. or any of their respective agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors shall reasonably request to evidence such termination in each such case at the expense of the Grantorstermination.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor permitted in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices)Documents, the Administrative Agent and Infogrames U.S. will, at such Grantorthe relevant Pledgor's expense, execute and deliver to such Grantor Pledgor such documents as such Grantor Pledgor shall reasonably request to evidence the release of such item of Collateral from the assignment and security interests interest granted hereby. (b) This Pledge Agreement shall remain in effect from the date hereof through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is terminated and upon such date the Security Interests security interest granted hereby shall terminate and all rights to the Collateral shall revert to the GrantorsPledgors. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors appropriate Pledgors the Collateral held by it pledged hereunder, all instruments of assignment executed in connection therewith, and all stock certificates or other certificates or instruments held by the Administrative Agent or Infogrames U.S. in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. or any of their respective agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors appropriate Pledgors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors such Pledgors shall reasonably request to evidence such termination in each such case at the cost and expense of the Grantorssuch Pledgors.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor permitted in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices)Documents, the Administrative Agent and Infogrames U.S. will, at such Grantorthe relevant Pledgor's expense, execute and deliver to such Grantor Pledgor such documents as such Grantor Pledgor shall reasonably request to evidence the release of such item of Collateral from the assignment and security interests interest granted hereby. (b) This Pledge Agreement shall remain in effect from the date hereof Closing Date through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is terminated and upon such date the Security Interests security interest granted hereby shall terminate and all rights to the Collateral shall revert to the GrantorsPledgors. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors appropriate Pledgors the Collateral held by it pledged hereunder, all instruments of assignment executed in connection therewith, and all stock certificates or other certificates or instruments held by the Administrative Agent in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. Agent or any of their respective its agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, Agent and the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors appropriate Pledgors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors such Pledgors shall reasonably request to evidence such termination in each such case at the cost and expense of the Grantorssuch Pledgors.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor permitted in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices)Documents, the Administrative Agent and Infogrames U.S. will, at such Grantorthe relevant Pledgor's expense, execute and deliver to such Grantor Pledgor such documents as such Grantor Pledgor shall reasonably request to evidence the release of such item of Collateral from the assignment and security interests interest granted hereby. (b) This Pledge Agreement shall remain in effect from the date hereof through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is terminated and upon such date the Security Interests security interest granted hereby shall terminate and all rights to the Collateral shall revert to the GrantorsPledgors. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors appropriate Pledgors the Collateral held by it pledged hereunder, all instruments of assignment executed in connection therewith, and all stock certificates or other certificates or instruments held by the Administrative Agent or Infogrames U.S. in connection therewith, together with all 22 22 monies held by the Administrative Agent, Infogrames U.S. or any of their respective agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors appropriate Pledgors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors such Pledgors shall reasonably request to evidence such termination in each such case at the cost and expense of the Grantorssuch Pledgors.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices), the Administrative Agent and Infogrames U.S. will, at such Grantor's expense, execute and deliver to such Grantor such documents as such Grantor shall request to evidence the release of such item of Collateral from the assignment and security interests interest granted hereby. (b) This Agreement shall remain in effect from the date hereof First Amendment Effective Date through and including the date upon which all Secured Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is Commitments terminated and upon such date the Security Interests Interest granted hereby shall terminate and all rights to the Collateral shall revert to the Grantors. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors the Collateral held by it hereunder, all instruments of assignment executed in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. Agent or any of their respective its agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, Agent and the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors shall request to evidence such termination in each such case at the expense of the Grantors.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor permitted in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices)Documents, the Administrative Agent and Infogrames U.S. will, at such Grantorthe Pledgor's expense, execute and deliver to such Grantor the Pledgor such documents as such Grantor the Pledgor shall reasonably request to evidence the release of such item of Collateral from the assignment and security interests interest granted hereby. (b) This Pledge Agreement shall remain in effect from the date hereof Closing Date through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is Commitments terminated and upon such date the Security Interests security interest granted hereby shall terminate and all rights to the Collateral shall revert to the GrantorsPledgor. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors Pledgor the Collateral held pledged by it hereunder, all instruments of assignment executed in connection therewith, and all stock certificates or other certificates or instruments held by the Administrative Agent in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. Agent or any of their respective its agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, Agent and the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors Pledgor such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors Pledgor shall reasonably request to evidence such termination in each such case at the cost and expense of the GrantorsPledgor.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor Assignor in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices), the Administrative Collateral Agent and Infogrames U.S. will, at such GrantorAssignor's expense, execute and deliver to such Grantor Assignor such documents as such Grantor Assignor shall request to evidence the release of such item of Collateral from the assignment and security interests interest granted hereby. (b) This Security Agreement shall remain in effect from the date hereof Closing Date through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is Commitments terminated and upon such date the Security Interests Interest granted hereby shall terminate and all rights to the Collateral shall revert to the GrantorsAssignors. Upon any such termination, (i) the Administrative Collateral Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors Assignors the Collateral held by it hereunder, all instruments of assignment executed in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. Collateral Agent or any of their respective its agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, Agents and the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors Assignors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors Assignors shall request to evidence such termination in each such case at the expense of the Grantors.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor in accordance with the terms of the Loan Documents (other than sales of Collateral in the ordinary course of business consistent with past practices), the Administrative Agent and Infogrames U.S. will, at such Grantor's expense, execute and deliver to such Grantor such documents as such Grantor shall request to evidence the release of such item of Collateral from the assignment and security interests granted hereby. (b) This Agreement shall remain in effect from the date hereof Closing Date through and including the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied in full and the Aggregate Commitment is terminated and upon such date the Security Interests granted hereby shall terminate and all rights to the Collateral shall revert to the Grantors. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors the Collateral held by it hereunder, all instruments of assignment executed in connection therewith, together with all monies held by the Administrative Agent, Infogrames U.S. Agent or any of their respective its agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, Agent and the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors shall request to evidence such termination in each such case at the expense of the Grantors.

Release and Termination. (a) Upon any sale, lease, transfer or other disposition of any item of Collateral by any Grantor in accordance with the terms of the Loan Documents (other than sales of Collateral Inventory in the ordinary course of business consistent with past practicesbusiness), the Administrative Collateral Agent and Infogrames U.S. will, at such any Grantor's expense, execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence the release of such item of Collateral from the assignment and security interests interest granted hereby; provided, however, that (i) at the time of such request and such release no Event of Default shall have occurred and be continuing, (ii) the Borrower shall have delivered to the Collateral Agent, at least ten Business Days prior to the date of the proposed release, a written request for release describing the item of Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a form of release for execution by the Collateral Agent and a certification by the Borrower to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Collateral Agent may request and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied in accordance with Section 2.06(b) of the Credit Agreement shall be paid to, or in accordance with the instructions of, the Collateral Agent at the closing. (b) This Agreement shall remain in effect from Upon the date hereof through and including latest of the date upon which all Obligations shall have been indefeasibly and irrevocably paid and satisfied cash payment in full of the Secured Obligations, the Termination Date and the Aggregate Commitment is terminated termination or expiration of all Letters of Credit and upon such date all Bank Hedge Agreements, if any, the Security Interests pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the GrantorsBorrower. Upon any such termination, (i) the Administrative Agent and Infogrames U.S. shall promptly assign, release, transfer and deliver to the Grantors the Collateral held by it hereunderAgent will, all instruments of assignment executed in connection therewithat the Borrower's expense, together with all monies held by the Administrative Agent, Infogrames U.S. or any of their respective agents hereunder, free and clear of the Liens hereof and (ii) the Administrative Agent, the Lenders and Infogrames U.S. will promptly execute and deliver to the Grantors Borrower such documents and instruments (including but not limited to appropriate UCC termination statements) as the Grantors Borrower shall reasonably request to evidence such termination in each such case at the expense of the Grantorstermination.