Full Release of Cash Collateral Upon Termination Date Sample Clauses

Full Release of Cash Collateral Upon Termination Date. (a) The Collateral Trustee shall promptly release the Cash Collateral upon the fulfillment of the conditions set forth in, and in accordance with the provisions of, Section 4.02(c). (b) Upon the occurrence of the Termination Date, the Grantor shall deliver to the OTS and the Collateral Trustee a certificate of an Authorized Officer of the Grantor certifying that, to the best of the Grantor’s knowledge, both of the following have been indefeasibly paid in full in cash: (i) all Guaranteed Obligations with respect to which a Claim (as defined in the Guaranty) was asserted (whether under the Guaranty or otherwise) on or prior to the sixth anniversary of the date on which the FSB’s federal bank charter was cancelled and
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Full Release of Cash Collateral Upon Termination Date. (a) The Collateral Trustee shall promptly release the Cash Collateral upon the fulfillment of the conditions set forth in, and in accordance with the provisions of, Section 4.02(c). (b) Upon the occurrence of the Termination Date, the Grantor shall deliver to the OTS and the Collateral Trustee a certificate of an Authorized Officer of the Grantor certifying that, to the best of the Grantor's knowledge, both of the following have been indefeasibly paid in full in cash: (i) all Guaranteed Obligations with respect to which a Claim (as defined in the Guaranty) was asserted (whether under the Guaranty or otherwise) on or prior to the sixth anniversary of the date on which the FSB's federal bank charter was cancelled and (ii) all other amounts payable by the Grantor under the Guaranty (whether in respect of enforcement costs, indemnification payments or otherwise). (c) The Collateral Trustee shall, upon the request of the Grantor accompanied by (i) the certificate described in subsection (b) above and (ii) a written notice of non-objection from the OTS (a "Notice of Non-Objection") (upon which, in each case, the Collateral Trustee may conclusively rely without independent verification) release all the Cash Collateral from the security interest in its favor and deliver to the Grantor all Cash Collateral in the possession of the Collateral Trustee, provided that the Grantor shall have made adequate provision for the expenses of the Collateral Trustee associated with such release of Cash Collateral and all other expenses of, or payable to, the Collateral Trustee hereunder. If the Collateral Trustee shall not have received a Notice of Non-Objection from the OTS, or if the OTS shall have notified the Collateral Trustee that it has reason to believe that the Termination Date has not occurred, the Collateral Trustee shall not release the Cash Collateral unless and until the OTS or a court of competent jurisdiction pursuant to a final, non-appealable judgment (including a judgment that becomes non-appealable by reason of expiration of any period of time limiting the right to appeal therefrom) so directs the Collateral Trustee. (d) Any Notice of Non-Objection delivered to the Collateral Trustee by the OTS pursuant to subsection (c) above shall be conclusive and binding on all parties (including, without limitation, the Guaranteed Parties). The OTS shall incur no liability whatsoever to any Guaranteed Party in connection with the delivery of a Notice of Non-Objection on t...
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Related to Full Release of Cash Collateral Upon Termination Date

  • Extension of Facility Termination Date The Seller may advise any Managing Agent in writing of its desire to extend the Facility Termination Date for an additional period not exceeding 364 days, provided such request is made not more than 90 days prior to, and not less than 60 days prior to, the then current Facility Termination Date. Each Managing Agent so advised by the Seller shall promptly notify each Committed Purchaser in its related Purchaser Group of any such request and each such Committed Purchaser shall notify its related Managing Agent, the Collateral Agent and the Seller of its decision to accept or decline the request for such extension no later than 30 days prior to the then current Facility Termination Date (it being understood that each Committed Purchaser may accept or decline such request in its sole discretion and on such terms as it may elect, and the failure to so notify its Managing Agent, the Collateral Agent and the Seller shall be deemed an election not to extend by such Committed Purchaser). In the event that at least one Committed Purchaser agrees to extend the Facility Termination Date, the Seller Parties, the Collateral Agent, the extending Committed Purchasers and the applicable Managing Agent or Managing Agents shall enter into such documents as such extending Committed Purchasers may deem necessary or appropriate to reflect such extension, and all reasonable costs and expenses incurred by such Committed Purchasers, the Managing Agents and the Collateral Agent (including reasonable attorneys’ fees) shall be paid by the Seller. In the event that any Committed Purchaser (a) declines the request to extend the Facility Termination Date or (b) is in a Purchaser Group with respect to which the Seller did not seek an extension of the Facility Termination Date (each such Committed Purchaser being referred to herein as a “Non-Renewing Committed Purchaser”), and, in the case of a Non-Renewing Committed Purchaser described in clause (a), the Commitment of such Non-Renewing Committed Purchaser is not assigned to another Person in accordance with the terms of this Article XI prior to the then current Facility Termination Date, the Purchase Limit shall be reduced by an amount equal to each such Non-Renewing Committed Purchaser’s Commitment on the then current Facility Termination Date.

  • Extension of Commitment Termination Date Exelon may request an extension of the scheduled Commitment Termination Date for any or all Borrowers by submitting a request for an extension to the Administrative Agent (an “Extension Request”) no more than 60 days prior to the scheduled Commitment Termination Date then in effect. The Extension Request must specify the new scheduled Commitment Termination Date requested by Exelon and the date (which must be at least 30 days after the Extension Request is delivered to the Administrative Agent) as of which the Lenders must respond to the Extension Request (the “Response Date”). The new scheduled Commitment Termination Date shall be 364 days after the scheduled Commitment Termination Date in effect at the time an Extension Request is received, including the scheduled Commitment Termination Date as one of the days in the calculation of the days elapsed. Promptly upon receipt of an Extension Request, the Administrative Agent shall notify each Lender of the contents thereof and shall request each Lender to approve such Extension Request, which approval shall be at the sole discretion of each Lender. Each Lender approving such Extension Request shall deliver its written consent no later than the Response Date. If the written consent of each of the Lenders (excluding any Person which ceases to be a Lender pursuant to Section 8.07(g)(iii)) is received by the Administrative Agent, the new scheduled Commitment Termination Date specified in the Extension Request shall become effective on the existing scheduled Commitment Termination Date and the Administrative Agent shall promptly notify each Borrower and each Lender of the new scheduled Commitment Termination Date. If all Lenders (including any Person which becomes a Lender pursuant to Section 8.07(g)) do not consent to an Extension Request, the scheduled Commitment Termination Date shall not be extended pursuant to such Extension Request.

  • Commitment Termination Date the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the Revolver Commitments are terminated pursuant to Section 11.2.

  • Mandatory Termination of Commitments The Commitments shall terminate on the Termination Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

  • Prepayment; termination of Commitment On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Required Payments; Termination Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Termination of Revolving Credit Facility The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

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