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

Return of Collateral at End of Commitment. If (a) both the Warehousing Commitment and the Term Loan 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.

Return of Collateral at End of Commitment. If (a) both the Warehousing Commitment and the Term Loan ----------------------------------------- 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.

Return of Collateral at End of Commitment. If (ai) both the Warehousing Commitment and the Term Loan Commitment shall have expired or been terminated, terminated and (bii) no Advances, interest or other Obligations amounts evidenced by the Secured Promissory Note or due under this Agreement 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 expenseBorrower or as directed in writing by Borrower. The receipt by Borrower of the Company 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 hereafter be discharged from any liability or responsibility therefor..