Release Certification definition

Release Certification means the certification by the Depositor in connection with the release of (i) any Underlying Certificates or (ii) amounts in the Cash Collateral Account pursuant to Section 4.1 or 3.3, respectively, in the form attached as Exhibit E hereto. "Released Certificates" shall mean the Underlying Certificates that are the subject of a Release Certification.
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Release Certification means the certification by the Depositor in connection with the release of amounts in the Cash Collateral Account pursuant to Section 3.3 in the form attached as Exhibit E hereto."
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Release Certification set forth in Article 1 of the 2000-2 Trust Agreement is hereby deleted in its entirety and replaced by the following:
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Examples of Release Certification in a sentence

  • With respect to each Purchased Mortgage Loan that is subject to a security interest (including any precautionary security interest) immediately prior to the Purchase Date, Buyer shall have received a Security Release Certification substantially in form attached hereto as Exhibit F (a “Security Release Certification”) for such Purchased Mortgage Loan that is duly executed by the related secured party and Seller.

  • If any of the Loans has at any time been subject to any security interest, pledge or hypothecation for the benefit of any Person, the Seller shall deliver to the Department a Security Release Certification, in the form of Exhibit E attached hereto executed by such Person.

  • Upon satisfaction of the conditions to release as set forth in the Release Certification, from time to time, the Depositor may deliver to the Owner Trustee and the Administrators, with a copy to the Collateral Agent, a Release Certification with respect to specified Underlying Certificates, together with such documentation as is required under the related Underlying Agreements to be provided by the transferor.

  • If any of the Eligible Loans are subject to any security interest, pledge or hypothecation for the benefit of any Person, the Sponsor shall deliver to the Department a fully executed Security Release Certification with respect to such Eligible Loans.

  • With respect to each Loan that is subject to a security interest (including any precautionary security interest) immediately prior to the Purchase Date for the related Transaction, Buyer shall have received a Security Release Certification for such Loan that is duly executed by the related secured party and the related Seller.

  • With respect to each Purchased Mortgage Loan that is subject to a security interest (including any precautionary security interest) immediately prior to the Purchase Date, Buyer shall have received a Security Release Certification substantially in form attached hereto as Exhibit H (a “Security Release Certification”) for such Purchased Mortgage Loan that is duly executed by the related secured party and Seller.

  • Exhibit F Form of Security Release Certification........................

  • With respect to each Purchased Mortgage Loan that is subject to a security interest (including any precautionary security interest) immediately prior to the Purchase Date, Buyer shall have received a Security Release Certification substantially in form attached hereto as Exhibit H or in such form and substance reasonably approved by the Buyer (a “Security Release Certification”) for such Purchased Mortgage Loan that is duly executed by the related secured party and Seller.

  • As used in this Security Release Certification, the term “Remittance Agency Agreement” shall mean the Remittance Agency Agreement, dated as of _____________, 20__, among the undersigned financial institution (the “Counterparty”), Saxon Asset Securities Company (“SAXON”), and Deutsche Bank National Trust Company (the “Remittance Agent”) relating to Saxon Asset Securities Trust 2007-3.

  • Exhibit F Form of Security Release Certification....................................