Common use of Security Release Clause in Contracts

Security Release. Sellers shall deliver to Purchasers no later than the Closing or the applicable Servicing Assets Settlement a security release with respect to the Purchased Assets that are subject to any security interest, pledge or hypothecation for the benefit of any Person, in such form as may be mutually agreeable to Purchasers, Sellers and the holder of such security interest, pledge or hypothecation.

Security Release. Sellers shall deliver to Purchasers Purchaser no later than the Closing or the applicable Servicing Assets Settlement Date a security release with respect to any of the Purchased Assets Loans that are subject to any security interest, pledge or hypothecation for the benefit of any Person, in such form as may be mutually agreeable to PurchasersPurchaser, Sellers and the holder of such security interest, pledge or hypothecation.