RETURN OF CONTRACT DELIVERY DOCUMENTS. Lender shall return to Borrower within three (3) Business Days of Borrower's request any Contract Delivery Document originals for Contracts paid in full. In addition, provided that there is no Event of Default and the removal of the Contract will not result in the Loan exceeding the Borrowing Base, Lender shall return Contract Delivery Document originals for other Contracts requested by Borrower for the time and to the extent necessary for Borrower to make corrections or to enforce the Contracts or the obligations of the Contract Rights Payors. Whenever Borrower is in possession or control of Contract Delivery Documents for Contracts not paid in full, Borrower shall hold them in trust for Lender.
Appears in 2 contracts
Sources: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc), Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc)
RETURN OF CONTRACT DELIVERY DOCUMENTS. Lender shall return to Borrower within three (3) Business Days of Borrower's Borrowers request any Contract Delivery Document originals for Contracts paid in full. In addition, provided that there is no Event of Default or Pre-Default Event and the removal of the Contract will not result in the Loan exceeding the Borrowing Base, Lender shall return Contract Delivery Document originals for other Contracts requested by Borrower for the time and to the extent necessary for Borrower to make corrections or to enforce the Contracts or the obligations of the Contract Contracts Rights Payors. Whenever Borrower is in possession or control of Contract Delivery Documents for Contracts not paid in full, Borrower shall hold them in trust for Lender.
Appears in 1 contract
Sources: Motor Vehicle Installment Contract Loan and Security Agreement (Consumer Portfolio Services Inc)
RETURN OF CONTRACT DELIVERY DOCUMENTS. Lender shall return to ------------------------------------- Borrower within three (3) Business Days of Borrower's request any Contract Delivery Document originals for Contracts paid in full. In addition, provided that there is no Event of Default and the removal of the Contract will not result in the Loan exceeding the Borrowing Base, Lender shall return Contract Delivery Document originals for other Contracts requested by Borrower for the time and to the extent necessary for Borrower to make corrections or to enforce the Contracts or the obligations of the Contract Rights Payors. Whenever Borrower is in possession or control of Contract Delivery Documents for Contracts not paid in full, Borrower shall hold them in trust for Lender.
Appears in 1 contract
Sources: Motor Vehicle Installment Contract Loan and Security Agreement (TFC Enterprises Inc)
RETURN OF CONTRACT DELIVERY DOCUMENTS. Lender shall return to Borrower within three two (32) Business Days of Borrower's request any Contract Delivery Document originals for Contracts paid in full. In addition, provided that there is no Event of Default and the removal of the Contract will not result in the Loan exceeding the Borrowing Base, Lender shall return Contract Delivery Document originals for other Contracts requested by Borrower for the time and to the extent necessary for Borrower to make corrections or to enforce the Contracts or the obligations of the Contract Contracts Rights Payors. Whenever Borrower is in possession or control of Contract Delivery Documents for Contracts not paid in full, Borrower shall hold them in trust for Lender.
Appears in 1 contract
Sources: Registration Rights Agreement (General Acceptance Corp /In/)