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Common use of Release of Lien on Collateral Clause in Contracts

Release of Lien on Collateral. At the same time as (i) any Collateral expires by its terms and all amounts in respect thereof have been paid in full by the related Obligor and deposited in the Collection Account,

Appears in 2 contracts

Sources: Loan, Security and Investment Management Agreement (Investcorp Credit Management BDC, Inc.), Sale and Servicing Agreement (Capitalsource Inc)

Related Clauses

  • Rights in Collateral; Priority of Liens
  • Limitation on Liens on Collateral
  • Security Interests in Collateral
  • Security Interest in Collateral
  • Release of Collateral and Guarantee Obligations

Parent Clauses

  • Security Interest
  • Access to Certain Documentation and Information Regarding the Collateral; Audits
  • Security Interests
  • Miscellaneous
  • Release of Collateral

Sub-Clauses

  • Events of Default
  • Remedies
  • Power of Attorney
  • Waiver of Certain Laws
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