Common use of TERMINATION OF PRIOR SECURITY INTERESTS Clause in Contracts

TERMINATION OF PRIOR SECURITY INTERESTS. Upon effectiveness of this Agreement, the Lenders and the Agent shall terminate the Assignments of Interests (as defined in the Original Credit Agreement) and the Lenders authorize the Agent to return the pledged Equity Interests (including the certificates and related powers) and release all other “Collateral” (as defined in such Assignments of Interest) and to file terminations of related UCC financing statements.

TERMINATION OF PRIOR SECURITY INTERESTS. Upon effectiveness of this Agreement, the Lenders and the Agent shall terminate the Assignments of Interests (as defined in the Original Credit Agreement) and the Lenders authorize the Agent to return the pledged Equity Interests (including the certificates and related powers) and release all other “Collateral” (as defined in such Assignments of Interestthe Existing Credit Agreement) and to file record or file, as applicable, mortgage releases and terminations of related UCC financing statements.