Release of Security Agreement. Upon the indefeasible repayment in full in cash of the Obligations (other than contingent indemnification obligations) and the termination of the Notes in accordance with their terms, this Agreement shall terminate, and the Agent shall execute and deliver any document reasonably requested by the Debtors, at the Debtors’ joint and several cost and expense, as shall be necessary to evidence termination of the security interest granted by the Debtors to the Secured Parties hereunder.
Appears in 2 contracts
Sources: Intellectual Property Security Agreement (Oncolix, Inc.), Intellectual Property Security Agreement (Advanced Environmental Petroleum Producers Inc.)