Common use of Termination of Liens Clause in Contracts

Termination of Liens. Upon Borrower’s payment in full in cash to Lender of all Obligations and performance in full thereof, Lender shall execute a termination of all security agreements and Liens granted by Borrower or any of its Subsidiaries to Lender.

Appears in 2 contracts

Sources: Loan and Security Agreement (Overhill Farms Inc), Loan and Security Agreement (Levine Leichtman Capital Partners Ii Lp)

Termination of Liens. Upon Borrower’s 's payment in full in cash to Lender -------------------- Bank of all Obligations and performance in full thereofObligations, Lender Bank shall execute a termination of all security agreements and Liens granted by Borrower or any of its Subsidiaries to LenderBank.

Appears in 1 contract

Sources: Loan and Security Agreement (Polyphase Corp)

Termination of Liens. Upon Borrower’s 's payment in full in cash to Lender Bank of all Obligations and performance in full thereofObligations, Lender Bank shall execute a termination of all security agreements and Liens granted by Borrower or any of its Subsidiaries to LenderBank.

Appears in 1 contract

Sources: Loan and Security Agreement (Overhill Farms Inc)