Continuation of Lien. Unless released in writing by the Collateral Agent, as herein provided, the security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in all Borrower Collateral shall continue in effect until such time as the Collateral Agent shall have received payment in full of the proceeds from the sale or transfer of such Borrower Collateral to third parties in accordance with this SECTION 9.5.
Appears in 1 contract
Sources: Receivables Financing Agreement (Arcadia Financial LTD)
Continuation of Lien. Unless released in writing by the Collateral Agent, as herein provided, the security interest in favor of the Collateral Agent, for the benefit of the Secured PartiesInvestors, in all Borrower Collateral shall continue in effect until such time as the Collateral Agent shall have received payment in full of the proceeds from the sale or transfer of such Borrower Collateral to third parties in accordance with this SECTION 9.5.
Appears in 1 contract
Sources: Receivables Funding and Servicing Agreement (Arcadia Financial LTD)