Common use of Return of Collateral at End of Commitment Clause in Contracts

Return of Collateral at End of Commitment. If (a) the Commitment shall have expired or been terminated, and (b) no Advances, interest or other Obligations shall be outstanding and unpaid, the Lender shall deliver or release its security interest and shall deliver all Collateral in its possession to the Company at the Company's expense. The receipt of the Company for any Collateral released or delivered to the Company pursuant to any provision of this Agreement shall be a complete and full acquittance for the Collateral so returned, and the Lender shall thereafter be discharged from any liability or responsibility therefor.

Appears in 2 contracts

Samples: Credit and Security Agreement (U S Home Corp /De/), Warehousing Credit and Security Agreement (Finet Com Inc)

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Return of Collateral at End of Commitment. If (a) the Commitment shall have expired or been terminated, and (b) no Advances, interest or other Obligations obligations shall be outstanding and unpaid, the Lender shall deliver or release its security interest and shall deliver all Collateral in its possession to the Company at the Company's expense. The receipt of the Company for any Collateral released or delivered to the Company pursuant to any provision of this Agreement shall be a complete and full acquittance for the Collateral so returned, and the Lender shall thereafter be discharged from any liability or responsibility therefor.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (Mortgage Com Inc)

Return of Collateral at End of Commitment. If (a) the Commitment Commitments shall have expired or been terminated, and (b) no Advances, interest or other Obligations shall be outstanding and unpaid, the Lender shall deliver or release its security interest and shall deliver all Collateral in its possession to the Company at the Company's expense. The receipt of the Company for any Collateral released or delivered to the Company pursuant to any provision of this Agreement shall be a complete and full acquittance acauittance for the Collateral so returned, and the Lender shall thereafter be discharged from any liability or responsibility therefor.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Finet Holdings Corp)

Return of Collateral at End of Commitment. If (a) the Commitment shall have expired or been terminated, and (b) no Advances, interest or other Obligations shall be outstanding and unpaid, the Lender shall deliver or release its security interest and shall deliver all Collateral in its possession to the Company Borrowers at the Company's Borrowers' expense. The receipt of the Company Borrowers for any Collateral released or delivered to the Company Borrowers pursuant to any provision of this Agreement shall be a complete and full acquittance for the Collateral so returned, and the Lender shall thereafter be discharged from any liability or responsibility therefor.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (BNC Mortgage Inc)

Return of Collateral at End of Commitment. If (ai) the Commitment shall have expired or been terminated, and (bii) no Advances, interest or other Obligations amounts evidenced by the Notes or due under this Agreement shall be outstanding and unpaid, the Lender Agent and the Banks shall deliver or release its security interest and shall deliver all Collateral in its possession to the Company at the Company's expense. The receipt of the Company for any Collateral released or delivered to the Company pursuant to any provision of this Agreement shall be a complete and full acquittance for the Collateral so returned, and the Lender Agent and the Banks shall thereafter hereafter be discharged from any liability or responsibility therefor.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (PMCC Financial Corp)

Return of Collateral at End of Commitment. If (ai) the ----------------------------------------- Commitment shall have expired or been terminated, and (bii) no Advances, interest or other Obligations amounts evidenced by the Note or due under this Agreement shall be outstanding and unpaid, the Lender Bank shall deliver or release its security interest and shall deliver all Collateral in its possession to the Company at the Company's expense. The receipt of the Company for any Collateral released or delivered to the Company pursuant to any provision of this Agreement shall be a complete and full acquittance for the Collateral so returned, and the Lender Bank shall thereafter hereafter be discharged from any liability or responsibility therefor.

Appears in 1 contract

Samples: Credit and Security Agreement (Preferred Credit Corp)

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Return of Collateral at End of Commitment. If (a) the Commitment shall have expired or been terminated, and (b) no Advances, interest interest, or other Obligations shall be outstanding and unpaid, the Lender shall deliver or release its security interest and shall deliver all in the Collateral in its possession to the Company at the Company's expensegranted pursuant hereto. The receipt of the Company Borrower for any Collateral released or delivered to the Company Borrower pursuant to any provision of this Agreement shall be a complete and full acquittance for the Collateral so returned, and the Lender shall thereafter be discharged from any liability or responsibility therefor.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Novastar Financial Inc)

Return of Collateral at End of Commitment. If (a) the Commitment shall have expired or been terminated, and (b) no Advances, interest or other Obligations shall be outstanding and unpaid, the Lender shall deliver or release its security interest and shall deliver all Collateral in its possession to the Company Borrower at the CompanyBorrower's expense. The receipt of the Company Borrower for any Collateral released or delivered to the Company Borrower pursuant to any provision of this Agreement shall be a complete and full acquittance for the Collateral so returned, and the Lender shall thereafter be discharged from any liability or responsibility therefor.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Bingham Financial Services Corp)

Return of Collateral at End of Commitment. If (a) the Commitment shall have expired or been terminated, and (b) no Advances, interest or other Obligations shall be 147 outstanding and unpaid, the Lender shall deliver or release its security interest and shall deliver all Collateral in its possession to the Company at the Company's expense. The receipt of the Company for any Collateral released or delivered to the Company pursuant to any provision of this Agreement shall be a complete and full acquittance for the Collateral so returned, and the Lender shall thereafter be discharged from any liability or responsibility therefor.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (U S Home Corp /De/)

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