Contrary Instruction definition
Examples of Contrary Instruction in a sentence
Contrary Instruction" is the filing of an instruction with DSI by Depositor stating that a Contrary Instruction is in effect.
Such Contrary Instruction means an officer of Depositor warrants that a release condition has not occurred or has been cured.
Upon receipt of Contrary Instruction, DSI shall continue to store the Deposit pending Depositor and Preferred Registrant joint instruction, resolution pursuant to Section 25, order by a court of competent jurisdiction, or termination by non-renewal of the Agreement.
Pursuant to Section 18, if DSI does not receive Contrary Instruction from Depositor, DSI is authorized to release the Deposit, or if more than one Preferred Registrant is registered to the Deposit, a copy of the Deposit, to the Preferred Registrant filing for release following receipt of any fees due to DSI including Deposit copying and delivery fees.
Immediately upon receipt of Contrary Instructions within such 14-day period, Escrow Agent shall send a copy to TxDOT and Developer (if Developer has not itself delivered the Contrary Instruction) by commercial express mail.