Common use of Release of Excluded Amounts Clause in Contracts

Release of Excluded Amounts. The parties acknowledge and agree that the Trust Depositor has no interest in the Excluded Amounts. Immediately upon the release to the Trust Depositor by the Issuer of any Excluded Amounts, the Trust Depositor hereby irrevocably agrees to release to the Seller such Excluded Amounts, which release shall be automatic and shall require no further act by the Trust Depositor; provided that the Trust Depositor shall execute and deliver such instruments of release and assignment or other documents, or otherwise confirm the foregoing release of such Excluded Amounts, as may be reasonably requested by the Seller in writing.

Appears in 6 contracts

Samples: Sale and Contribution Agreement (Horizon Technology Finance Corp), Sale and Contribution Agreement (Hercules Capital, Inc.), Sale and Contribution Agreement (Hercules Capital, Inc.)

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Release of Excluded Amounts. The parties acknowledge and agree that the Trust Depositor has no interest in the Excluded Amounts. Immediately upon the release to the Trust Depositor by the Issuer Indenture Trustee of any the Excluded Amounts, the Trust Depositor hereby irrevocably agrees to release to the Seller Originator such Excluded Amounts, which release shall be automatic and shall require no further act by the Trust Depositor; provided that provided, that, the Trust Depositor shall execute and deliver such instruments of release and assignment or other documentsassignment, or otherwise confirm confirming the foregoing release of such any Excluded Amounts, as may be reasonably requested by the Seller in writingOriginator.

Appears in 1 contract

Samples: Commercial Loan Sale Agreement (NewStar Financial, Inc.)

Release of Excluded Amounts. The parties acknowledge and agree that the Trust Depositor has no interest in the Excluded Amounts. Immediately upon the release to the Trust Depositor by the Issuer Trustee of any the Excluded Amounts, the Trust Depositor hereby irrevocably agrees to release to the Seller Originator such Excluded Amounts, which release shall be automatic and shall require no further act action by the Trust Depositor; provided that the Trust Depositor shall execute and deliver such instruments of release and assignment or other documentsassignment, or otherwise confirm confirming the foregoing release of such any Excluded Amounts, as may be reasonably requested by the Seller in writingOriginator.

Appears in 1 contract

Samples: Commercial Loan Sale Agreement (Ares Capital Corp)

Release of Excluded Amounts. The parties acknowledge and agree that the Trust Depositor has no interest in the Excluded Amounts. Immediately upon the release to the Trust Depositor by the Issuer of any the Excluded Amounts, the Trust Depositor hereby irrevocably agrees to release to the Seller Originator such Excluded Amounts, which release shall be automatic and shall require no further act by the Trust Depositor; provided that the Trust Depositor shall execute and deliver such instruments of release and assignment or other documentsassignment, or otherwise confirm confirming the foregoing release of such any Excluded Amounts, as may be reasonably requested by the Seller in writingOriginator.

Appears in 1 contract

Samples: Commercial Loan Sale Agreement (NewStar Financial, Inc.)

Release of Excluded Amounts. The parties acknowledge and agree that the Trust Depositor has no interest in the Excluded Amounts. Immediately upon the release to the Trust Depositor by the Issuer of any Excluded Amounts, the Trust Depositor hereby irrevocably agrees to release to the Seller Originator such Excluded Amounts, which release shall be automatic and shall require no further act by the Trust Depositor; provided that the Trust Depositor shall execute and deliver such instruments of release and assignment or other documents, or otherwise confirm the foregoing release of such Excluded Amounts, as may be reasonably requested by the Seller Originator in writing.

Appears in 1 contract

Samples: Commercial Loan Sale Agreement (NewStar Financial, Inc.)

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Release of Excluded Amounts. The parties acknowledge and agree that the Trust Depositor has no interest in the Excluded Amounts. Immediately upon the release to the Trust Depositor by the Issuer of any Excluded Amounts, the Trust Depositor hereby irrevocably agrees to release to the Seller such Excluded Amounts, which release shall be automatic and shall require no further act by the Trust Depositor; provided that the Trust Depositor shall execute and deliver such instruments of release and assignment or other documents, or otherwise confirm the foregoing release of such Excluded Amounts, as may be reasonably requested by the Seller in writing.. 8 BUSINESS.29147458.4

Appears in 1 contract

Samples: Sale and Contribution Agreement (Hercules Capital, Inc.)

Release of Excluded Amounts. The parties acknowledge and agree that the Trust Depositor has no interest in the Excluded Amounts. Immediately upon the release to the Trust Depositor by the Issuer Trustee of any the Excluded Amounts, the Trust Depositor hereby irrevocably agrees to release to the Seller Originator such Excluded Amounts, which release shall be automatic and shall require no further act by the Trust Depositor; provided that the Trust Depositor shall execute and deliver such instruments of release and assignment or other documentsassignment, or otherwise confirm confirming the foregoing release of such any Excluded Amounts, as may be reasonably requested by the Seller in writingOriginator.

Appears in 1 contract

Samples: Commercial Loan Sale Agreement (NewStar Financial, Inc.)

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