Continuation of Lien. Unless released in writing by the Collateral -------------------- Agent, as herein provided, the security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in all Borrower Collateral shall continue in effect until such time as the Collateral Agent (on behalf of the Secured Parties) shall have received payment in full of the proceeds from the sale or transfer of such Borrower Collateral to third parties in accordance with this Section 9.5. -----------
Appears in 2 contracts
Samples: Receivables Financing Agreement (Americredit Financial Services of Canada LTD), Receivables Financing Agreement (Americredit Corp)
Continuation of Lien. Unless released in writing by the Collateral -------------------- Agent, as herein provided, the The security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in all Borrower any item of Collateral shall continue in effect until such time as the Collateral Agent (on behalf of the Secured Parties) shall have received payment in full of the proceeds from the sale or transfer of Transfer Release Price related to such Borrower Collateral to third parties in accordance with this Section 9.5. -----------4.6.
Appears in 2 contracts
Samples: Receivables Funding Agreement (Americredit Corp), Receivables Funding Agreement (Americredit Corp)
Continuation of Lien. Unless released in writing by the Collateral -------------------- Agent, as herein provided, the security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in all Borrower Collateral shall continue in effect until such time as the Collateral Agent (on behalf of the Secured Parties) shall have received payment in full of the proceeds proceeds, if any, from the sale or transfer of such Borrower Collateral to third parties in accordance with this Section 9.5. -----------13.4.
Appears in 1 contract
Continuation of Lien. Unless With respect to any Collateral which is to be released in writing by connection with the sale or transfer of such Collateral -------------------- Agent, as herein providedto an Obligor or third party, the security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, Agent in all Borrower such Collateral shall continue in effect until such time as the Collateral Agent (on behalf of the Secured Parties) shall have received payment in full of the proceeds from the such sale or transfer of such Borrower Collateral to third parties have been deposited into the Collection Account in accordance with this Agreement. Such funds shall thereafter be disbursed when the next disbursement is made from the Collection Account in accordance with Section 9.5. -----------6.4.
Appears in 1 contract
Samples: Franchise Receivable Funding and Servicing Agreement (CNL American Properties Fund Inc)
Continuation of Lien. Unless released in writing by the Collateral -------------------- Agent, as herein provided, the security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in all Borrower Collateral shall continue in effect until such time as the Collateral Agent (on behalf of the Secured Parties) shall have received payment in full of the proceeds from the sale or transfer of such Borrower Collateral to third parties in accordance with this Section 9.5. -----------.
Appears in 1 contract
Samples: Receivables Financing Agreement (MFN Financial Corp)