Common use of Release of Security Interest Clause in Contracts

Release of Security Interest. Upon the latest to occur of (a) the repayment to Buyer of all Obligations hereunder, and (b) the occurrence of the Termination Date, Buyer shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to Seller such documents or instruments as Seller shall reasonably request to evidence such release.

Appears in 18 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

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Release of Security Interest. Upon the latest to occur of (a) the repayment to Buyer Administrative Agent and Buyers of all Obligations hereunder, and (b) the occurrence of the Termination Date, Buyer Administrative Agent shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to Seller such documents or instruments as Seller shall reasonably request to evidence such release.

Appears in 4 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Financial Services, Inc.)

Release of Security Interest. Upon the latest to occur of (a) the repayment to Buyer of all Obligations hereunderand the performance of all obligations under the Program Agreements, and (b) the occurrence of the Termination Date, Buyer shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to Seller such documents or instruments as Seller shall reasonably request to evidence such release; provided, that such release shall not be required until such time as the Acknowledgment Agreement is terminated.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Release of Security Interest. Upon the latest to occur of (a) the repayment to the Buyer of all Obligations hereunderand the performance of all obligations under the Program Agreements, and or (b) the occurrence of the Termination Date, the Buyer shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to the Seller such documents or instruments as the Seller shall reasonably request to evidence such release; provided, that such release shall not be required until such time as the Acknowledgment Agreement is terminated.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Release of Security Interest. Upon the latest to occur of (a) the repayment to Buyer Administrative Agent and Buyers of all Obligations hereunder, and (b) the occurrence of the Termination Date, Buyer Administrative Agent shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to the related Seller such documents or instruments as such Seller shall reasonably request to evidence such release.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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Release of Security Interest. Upon the latest to occur of (a) the repayment to the Buyer of all Obligations hereunder, and (b) the occurrence of the Termination Date, Buyer the Administrative Agent shall release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to the Repo Seller such documents or instruments as the Repo Seller shall reasonably request to evidence such release.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Release of Security Interest. Upon the latest to occur of (a) the repayment to Buyer of all Obligations hereunderand the performance of all obligations under the Repurchase Documents, and (b) the occurrence of the Termination Date, Buyer shall release its security interest in any remaining Repurchase Assets Collateral hereunder and shall promptly execute and deliver to Seller the Subordinated Lender such documents or instruments as Seller the Subordinated Lender shall reasonably request to evidence such release; provided that, such release shall not be required until such time as the Acknowledgment Agreement is terminated.

Appears in 1 contract

Samples: Security and Subordination Agreement (PennyMac Mortgage Investment Trust)

Release of Security Interest. Upon the latest to occur of (a) the repayment to Buyer of all Obligations hereunder, and (b) the occurrence of the Termination Date, Buyer shall LEGAL02/43457575v11 release its security interest in any remaining Repurchase Assets hereunder and shall promptly execute and deliver to Seller such documents or instruments as Seller shall reasonably request to evidence such release.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

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