Trustee consent to release security Sample Clauses

Trustee consent to release security. (A) On the date of completion of any repurchase of a Mortgage Loan or Mortgage Loans and its (or their) Related Security in accordance with this Clause 12 the Trustee shall give its consent to such repurchase (and, for the avoidance of doubt, to the release of such Mortgage Loan or Mortgage Loans from the Security) if the Trustee receives certification from an Authorised Signatory of each of the Issuer and the Seller (upon which the Trustee shall be entitled to rely, without liability to any person and without further enquiry) that the repurchase has been made in accordance with this Clause 12 and the purchase price for such Mortgage Loan or Mortgage Loans has been paid to the Transaction Account or as directed by the Issuer (with the prior written consent of the Trustee).
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Related to Trustee consent to release security

  • Release of Security (a) If a disposal of any asset subject to security created by a Security Document is made in the following circumstances:

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