Discharge of the Security Interest Sample Clauses

Discharge of the Security Interest. Upon the later of termination of this Agreement and the payment of the Secured Amounts (whether or not then due or owing contingently or prospectively or in respect of any money which may be refundable under any law including the law of insolvency), the Scheme Owner must release the Security Interest provided under clause 21.1 to the Customer.
AutoNDA by SimpleDocs

Related to Discharge of the Security Interest

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

Time is Money Join Law Insider Premium to draft better contracts faster.