Common use of Third Party Releases Clause in Contracts

Third Party Releases. The Borrower shall have executed and delivered or caused all relevant third parties to execute and deliver all necessary releases of Adverse Interests with respect to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion and specified to the Borrower in writing prior to the relevant Advance Date.

Appears in 4 contracts

Samples: Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.)

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Third Party Releases. The Borrower shall have executed and delivered or caused all relevant necessary third parties to execute and deliver all necessary releases of Adverse Interests Claims with respect to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion and specified to the Borrower in writing prior to the relevant Advance Closing Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.)

Third Party Releases. The Borrower shall have executed and delivered or caused all relevant third parties to execute and deliver all necessary releases of Adverse Interests with respect to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion and specified to the Borrower in writing prior to the relevant Advance Date.. Loan and Security Agreement

Appears in 1 contract

Samples: Loan and Security Agreement (Imperial Holdings, Inc.)

Third Party Releases. The Borrower shall have had executed and delivered or caused all relevant necessary third parties to execute and deliver all necessary releases of Adverse Interests Claims with respect to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion and specified to the Borrower in writing prior to the relevant Advance Initial Closing Date.. Amended and Restated Loan and Security Agreement

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Imperial Holdings, Inc.)

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Third Party Releases. The Borrower shall have had executed and delivered or caused all relevant necessary third parties to execute and deliver all necessary releases of Adverse Interests Claims with respect to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion and specified to the Borrower in writing prior to the relevant Advance Initial Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Capital, Inc.)

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