Termination; Revival Sample Clauses
Termination; Revival. At such time as all Obligations have been paid in full (other than unasserted indemnity claims that survive termination) and this Agreement and the other Repurchase Documents have been terminated in writing by Administrative Agent, the security interest granted herein will terminate and at Seller’s expense, Administrative Agent will release its security interest in, and will duly assign, transfer, and deliver to Seller such of the Purchased Assets, free of any Liens incurred by or through Administrative Agent, as has not theretofore been sold or otherwise applied or released pursuant hereto. To the extent that Seller makes a payment or other transfer to Administrative Agent, or Administrative Agent receives any payment of proceeds of Purchased Assets, which is later invalidated, declared to be a fraudulent transfer or preference, set aside, or required to be repaid under any bankruptcy law, other law or equitable principle, Administrative Agent’s security interest in the Purchased Assets will be revived and continue as if Administrative Agent had never received the payment, transfer, or proceeds.
Termination; Revival. At such time as the Obligations have been paid in full and the Lenders shall be under no further obligation to extend credit to or enter into credit arrangements with the Borrower under this Agreement or any other Loan Document, the security interests granted herein shall terminate and, at the expense of the Borrower, the Administrative Agent will release its Lien on, and will duly assign, transfer and deliver to the Borrower, such of the Collateral as has not theretofore been sold or otherwise applied or released pursuant to this Agreement. To the extent that the Borrower makes a payment or other transfer to the Administrative Agent, or the Administrative Agent receives any payment of proceeds of Collateral, which is later invalidated, declared to be a fraudulent transfer or preference, set aside or required to be repaid under any bankruptcy law, other law or equitable principle, the Administrative Agent’s security interest in the Collateral shall be revived and continue as if the payment, transfer or proceeds had never been received by the Administrative Agent..
Termination; Revival. Upon Payment in Full, the security interests granted herein shall terminate and, at the expense of the Borrower, the Administrative Agent will release its Lien on, and will duly assign, transfer and deliver to the Borrower, such of the Collateral as has not theretofore been sold or otherwise applied or released pursuant to this Agreement. To the extent that the Borrower makes a payment or other transfer to the Administrative Agent, or the Administrative Agent receives any payment of proceeds of Collateral, which is later invalidated, declared to be a fraudulent transfer or preference, set aside or required to be repaid under any bankruptcy law, other law or equitable principle, the Administrative Agent’s security interest in the Collateral shall be revived and continue as if the payment, transfer or proceeds had never been received by the Administrative Agent.
Termination; Revival. At such time as all Obligations have been paid in full (other than unasserted indemnity claims that survive termination) and this Agreement and the other Repurchase Documents have been terminated in writing by Buyer, the security interest granted herein will terminate and at Seller’s expense, Buyer will release its security interest in, and will duly assign, transfer, and deliver to Seller such of the Purchased Assets, free of any Liens incurred by or through Buyer, as has not theretofore been sold or otherwise applied or released pursuant hereto. To the extent that Seller makes a payment or other transfer to Buyer, or Buyer receives any payment of proceeds of Purchased Assets, which is later invalidated, declared to be a fraudulent transfer or preference, set aside, or required to be repaid under any bankruptcy law, other law or equitable principle, ▇▇▇▇▇’s security interest in the Purchased Assets will be revived and continue as if Buyer had never received the payment, transfer, or proceeds.