Common use of Discharge of the Security Interest Clause in Contracts

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.

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 20.1 to the Customer.