Common use of Liquidation Settlement Procedures Clause in Contracts

Liquidation Settlement Procedures. Following any date after the Termination Date on which all Aggregate Unpaids have been paid in full, (i) the Collateral Agent shall be considered to have released its security interest in and continuing Lien on the Collateral, including all of the Receivables and Related Security, (ii) the Collection Agent shall pay to the Debtor any remaining Collections set aside and held by the Collection Agent, and (iii) the Collateral Agent shall execute and deliver to the Debtor, at the Debtor's expense, such documents or instruments as are necessary to terminate the Collateral Agent's security interest in the Collateral, including all of the Receivables and Related Security and Collections with respect thereto. Any such documents shall be prepared by or on behalf of the Debtor at the expense of the Debtor.

Liquidation Settlement Procedures. Following any date after the Termination Date on which all Aggregate Unpaids have been paid in full, (ia) the Collateral Agent shall be considered to have released its security interest in and continuing Lien on the Collateral, including all of the Receivables and Related Security, (iib) the Collection Agent shall pay to the Debtor any remaining Collections set aside and held by the Collection Agent, and (iiic) the Collateral Agent shall execute and deliver to the Debtor, at the Debtor's expense, such documents or instruments as are necessary to terminate the Collateral Agent's security interest in the Collateral, including all of the Receivables and Related Security and Collections with respect thereto. Any such documents shall be prepared by or on behalf of the Debtor at the expense of the Debtor.