Request for Release definition
Examples of Request for Release in a sentence
The Collateral Custodian may release Custodian Loan Files only upon receipt of a properly executed Request for Release from the Borrower (or the Servicer on its behalf) and with the written consent of the Facility Agent (which shall not be unreasonably withheld or delayed if such release would not in its judgment result in a Termination Event or Unmatured Termination Event under the Loan Agreement).
Upon receipt of a properly executed Request for Release, the Collateral Custodian shall promptly release the related Custodian Loan File in accordance with the terms of this Agreement and subject to the limitations herein to the Servicer on behalf of the Borrower; it being understood and agreed that no expense incurred in connection with any such assignment or release, as the case may be, shall be chargeable to any Transaction Account or to the Collateral Custodian.