Common use of Reassignment of Surplus Clause in Contracts

Reassignment of Surplus. Promptly after termination of this Indenture and the payment in full of the Secured Obligations, any proceeds of all the Receivables and other assets in the Trust Estate received or held by the Indenture Trustee shall be turned over to the Issuer and the Receivables and other assets in the Trust Estate 4166-0661-7649.19 shall be released to the Issuer by the Indenture Trustee without recourse to the Indenture Trustee and without any representations, warranties or agreements of any kind.

Appears in 1 contract

Sources: Indenture (Oportun Financial Corp)

Reassignment of Surplus. Promptly after termination of this Indenture and the payment in full of the Secured Obligations, any proceeds of all the Receivables Underlying Securities and other assets in the Trust Estate received or held by the Indenture Trustee shall be turned over to the Issuer and the Receivables Underlying Securities and other assets in the Trust Estate 4166-0661-7649.19 shall be released to 4149-1382-4069 the Issuer by the Indenture Trustee without recourse to the Indenture Trustee and without any representations, warranties or agreements of any kind.

Appears in 1 contract

Sources: Indenture (Oportun Financial Corp)

Reassignment of Surplus. Promptly after termination of this Indenture and the payment in full of the Secured Obligations, any proceeds of all the Receivables Underlying Securities and other assets in the Trust Estate received or held by the Indenture Trustee shall be 4143-0949-1521 turned over to the Issuer and the Receivables Underlying Securities and other assets in the Trust Estate 4166-0661-7649.19 shall be released to the Issuer by the Indenture Trustee without recourse to the Indenture Trustee and without any representations, warranties or agreements of any kind.

Appears in 1 contract

Sources: Indenture (Oportun Financial Corp)