Common use of RELEASE OF PURCHASED ASSETS Clause in Contracts

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser shall automatically and without further action sell and release to the Seller such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser all of Purchaser’s right, title and interest in such Purchased Asset shall automatically and without further action sell and release transfer to the Seller such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two one (21) Business Days Day prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit and only upon such payment, if no Default or an Event of Default shall have has occurred and be is continuing: (a) Purchaser shall automatically and without any further action terminate any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser shall automatically and without further action sell and release to the Seller such Purchased AssetBuyer shall, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to to, release such Purchased Asset unless such release would give rise to Selleror perpetuate a Margin Deficit. Except as set forth in Section 16(f)(iiSections 6(a) and Section 1516, a Seller shall give at least two one (21) Business Days Day prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase DateDate set forth in Section 3(b). Buyer shall provide reasonable cooperation in assisting and directing the Custodian to facilitate the release of the foregoing documents (without expense to Buyer). If such a Margin Deficit is applicable, Purchaser Buyer shall notify such Seller of the amount thereof and such Seller may thereupon satisfy the Margin Call in the manner specified in Section 76.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser all of Purchaser's right, title and interest in such Purchased Assets shall automatically and without further action sell and release transfer to the Seller such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller. Except as set forth in Section Sections 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit or an if no Default, Event of Default or Event of Termination shall have occurred and be continuing: (a) Purchaser , Buyer shall automatically and without any further action terminate any security interest that Purchaser may have in such Purchased Assetrelease, (b) the Purchaser shall automatically and without further action sell and release to the Seller such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset unless such release would give rise to Selleror perpetuate a Margin Deficit. Except as set forth in Section 16(f)(iiSections 6(a) and Section 1516, the related Seller shall give at least two three (23) Business Days Days’ prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than a Repurchase Date. Notwithstanding the foregoing, Buyer shall release all Purchased Assets, notwithstanding the occurrence of an Event of Termination, upon payment in full by Sellers pursuant to Section 19(c) of the Repurchase DatePrice for all Purchased Assets then subject to outstanding Transactions and payment in full of all other Obligations then due to Buyer or any of Buyer’s Affiliates. If such a Margin Deficit is applicable, Purchaser Buyer shall notify Seller Sellers of the amount thereof and Seller may Sellers shall thereupon satisfy the Margin Call in the manner specified in Section 76.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser all of Purchaser’s right, title and interest in such Purchased Assets shall automatically and without further action sell and release transfer to the Seller such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser all of Purchaser’s right, title and interest in such Purchased Assets shall automatically and without further action sell and release transfer to the Seller such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller. Except as set forth in Section Sections 15 and 16(f)(ii) and Section 15), Seller shall give at least two (2) Business Days prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.