Common use of Satisfaction of Indebtedness Clause in Contracts

Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender under the Credit Facility have been terminated, Lender shall be entitled to retain the security interests in the Collateral granted under the Loan Documents and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws.

Appears in 13 contracts

Samples: Loan and Security Agreement (CCF Holdings LLC), Loan and Security Agreement (Legacy Housing Corp), Loan and Security Agreement (Legacy Housing Corp)

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Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender Credit Union under the Credit Facility have been terminated, Lender Credit Union shall be entitled to retain the security interests in the Collateral granted under the Loan Documents and the ability to exercise all rights and remedies available to Lender Credit Union under the Loan Documents and applicable laws.. 

Appears in 2 contracts

Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC), Loan Agreement (Ministry Partners Investment Company, LLC)

Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid Indefeasibly Paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender under the Credit Facility have been terminated, Lender shall be entitled to retain the security interests in the Collateral granted under the Loan Documents this Agreement and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Enova International, Inc.)

Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender to lender under the Credit Facility have been terminated, Lender shall be entitled to retain the security interests in the Collateral granted under the Loan Documents and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Avatar Systems Inc)

Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender under the Credit Facility have been terminated), Lender shall be entitled to retain the security interests in the Collateral granted under the Loan Documents and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Avatar Systems Inc)

Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid Indefeasibly Paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender under the Credit Facility have been terminated, Lender shall be entitled to retain the security REDPOINT CAPITAL ASSET FUNDING, LLC – EFR 2016-2, LLC interests in the Collateral granted under the Loan Documents this Agreement and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Enova International, Inc.)

Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender under the Credit Facility have been terminated, Lender shall be entitled to retain the security interests in the Collateral granted under the Loan Documents and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws. LOAN AND SECURITY AGREEMENT – PAGE 7 THERMO CREDIT, LLC – ATSI COMMUNICATIONS, INC.

Appears in 1 contract

Samples: Loan and Security Agreement (Atsi Communications Inc/De)

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Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid and fully satisfied (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender Credit Union under the Credit Facility have been terminated, Lender Credit Union shall be entitled to retain the security interests in the Collateral granted under the Loan Documents and the ability to exercise all rights and remedies available to Lender Credit Union under the Loan Documents and applicable laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Ministry Partners Investment Company, LLC)

Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid and fully satisfied in full (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender under the Revolving Credit Facility have been terminated, Lender shall be entitled to retain the security interests in the Collateral granted created under the this Agreement or any other Loan Documents and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Teletouch Communications Inc)

Satisfaction of Indebtedness. Until the Indebtedness has been indefeasibly paid and fully satisfied in full in cash (other than contingent indemnification obligations to the extent no unsatisfied claim has been asserted) and the commitments of Lender under the Credit Facility have been terminated, Lender shall be entitled to retain the security interests in the Collateral granted under the Loan Documents and the ability to exercise all rights and remedies available to Lender under the Loan Documents and applicable laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Digerati Technologies, Inc.)

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