Common use of Release for Payment Clause in Contracts

Release for Payment. Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit H (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Asset Documents to the Servicer; provided, that the Collateral Custodian shall release the Required Asset Documents related to any REO Asset to the Servicer in connection with the Servicer’s exercise of remedies thereon promptly upon the Servicer’s request.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Release for Payment. Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit H (which H(which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Asset Documents to the Servicer; provided, that the Collateral Custodian shall release the Required Asset Documents related to any REO Asset to the Servicer in connection with the Servicer’s exercise of remedies thereon promptly upon the Servicer’s request.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Release for Payment. Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit H (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Asset Loan Documents to the Servicer; provided, provided that the Collateral Custodian shall release the Required Asset Loan Documents related to any REO Asset to the Servicer in connection with the Servicer’s exercise of remedies thereon promptly upon the Servicer’s request.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Release for Payment. Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit H G (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Asset Loan Documents to the Servicer; providedprovided that, that the Collateral Custodian shall release the Required Asset Loan Documents related to any REO Asset to the Servicer in connection with the Servicer’s exercise of remedies thereon promptly upon the Servicer’s request.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)

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Release for Payment. Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit H (which H(which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase 118 have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Asset Documents to the Servicer; provided, that the Collateral Custodian shall release the Required Asset Documents related to any REO Asset to the Servicer in connection with the Servicer’s exercise of remedies thereon promptly upon the Servicer’s request.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

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