Take-Out. (a) On any Business Day (the “Take-Out Date”), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out and require the Collateral Agent to release its security interest in and Lien on the related Contracts and Loans, subject to the following terms and conditions:
Appears in 9 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)
Take-Out. (a) On any Business Day (the “Take-Out Date”), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out and require the Collateral Agent to release its security interest in and Lien on the related Contracts and Loans, subject to the following terms and conditions:
Appears in 4 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)
Take-Out. (a) On any Business Day (the “Take-Out Take‑Out Date”), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out Take‑Out and require the Collateral Agent to release its security interest in and Lien on the related Contracts and Loans, subject to the following terms and conditions:
Appears in 2 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)
Take-Out. (a) On any Business Day (the “Take-Out Date”), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out and require the Collateral Agent to release its security interest in and Lien on the related Contracts and Loans, subject to the following terms and conditions:
Appears in 2 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corporation), Loan and Security Agreement (Credit Acceptance Corp)
Take-Out. (a) On any Business Day (the “Take-Out Date”), but subject to the limitation limitations below (including those contained in clause (d) below), the Borrower shall have the right to effect a Take-Out and require the Collateral Agent to release its security interest in and Lien on the related Contracts and Loans, subject to the following terms and conditions:
Appears in 2 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)
Take-Out. (a) On any Business Day (the “"Take-Out Date”"), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out and require the Collateral Agent to release its security interest in and Lien on the any related Contracts and LoansCollateral, subject to the following terms and conditions:
Appears in 1 contract
Samples: Certificate Funding Agreement (Credit Acceptance Corporation)
Take-Out. (a) On any Business Day (the “"Take-Out Date”"), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out and require the Collateral Agent to release its security interest in and Lien on the related Contracts and Loans, subject to the following terms and conditions:
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corporation)
Take-Out. (a) On any Business Day (the “Take-Out Take‑Out Date”), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out Take‑Out and require the Collateral Agent to release its security interest in and Lien on the related Contracts and Loans, subject to the following terms and conditions:
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corp)
Take-Out. (a) On any Business Day (the “"Take-Out Date”"), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out prepay all of the aggregate Capital in full and require the Collateral Agent to release its security interest in and Lien on the related Contracts and LoansLoans (the "Take-Out"), subject to the following terms and conditions:
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corporation)
Take-Out. (a) On any Business Day (the “Take-Out Date”), but subject to the limitation contained in clause (d) below, the Borrower shall have the right to effect a Take-Out and require the Collateral Agent to release its security interest in and Lien on the related Contracts and Loans, subject to the following terms and conditions:
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corp)
