Final Payout Date Clause Samples
Final Payout Date. This Agreement shall terminate upon two (2) Business Days’ prior written notice by the Buyer, the Servicer or the Lead Originator to the other parties hereto and the Administrative Agent so long as the Final Payout Date has occurred and all Commitments have been reduced to $0.
Final Payout Date. The Collateral Agent shall, on or after the Final Payout date, release any remaining portion of the Collateral from the security interest created by this Agreement and deposit in the Collection Account any funds then on deposit in the Reserve Account, the Lockbox Account and the Funding Account. The Collateral Agent shall release property from the security interest created by this Agreement pursuant to this Section 4.6 only upon receipt of an Officer’s Certificate from the Deal Agent stating that the Final Payout Date has occurred (which notice shall be provided by the Deal Agent upon the reasonable request of the Borrower delivered after the Final Payout Date).
Final Payout Date. Any funds remaining in the Collection ----------------- Account and the Reserve Account after the Final Payout Date shall be paid to Issuer.
Final Payout Date. On the Final Payout Date, provided that all Secured Obligations (other than contingent Obligations not then due) have been paid in full, any funds remaining in the Collection Account, after giving effect to the provisions of Section 3.03(b), shall be released to the Borrower or its designee and control over and ownership of the Collection Account shall revert to the Borrower.
Final Payout Date. On the Final Payout Date, any funds remaining in the Collection Account after giving effect to the provisions of Section 3.03 shall be paid to the Issuer.
Final Payout Date. On the Final Payout Date, (i) any funds remaining in the Reserve Account shall be deposited into the Collection Account and distributed pursuant to the provisions of Section 3.03(b) and (ii) any funds remaining in the Collection Account after giving effect to the provisions of Section 3.03(b) shall be paid to the Borrower.