Examples of Initial Trust Receipt in a sentence
Each Custodian on behalf of the Trustee, will execute and deliver to the Trustee and the Depositor an Initial Trust Receipt and Schedule of Exceptions, on the Closing Date in the forms required by the related Custody Agreement.
The Custodian on behalf of the Trustee, will execute and deliver to the Trustee and the Depositor an Initial Trust Receipt and Schedule of Exceptions, on the Closing Date in the forms required by the Custody Agreement.
Custodian’s Receipt, Examination and Certification of Mortgage Files; Initial Trust Receipt Delivered by the Custodian.
Each Custodian on behalf of the Trustee will execute and deliver to the Trustee and the Depositor an Initial Trust Receipt and Schedule of Exceptions, on the Closing Date in the forms required by the related Custodial Agreement.
The Custodian on behalf of the Trustee, will execute and deliver to the Trustee and the Depositor an Initial Trust Receipt and Schedule of Exceptions, on the Closing Date in the forms required by the Custodial Agreement.
Upon delivery to the Custodian by the Borrower (or by the title company as directed by the Borrower) of any note evidencing a Commercial Loan, the Custodian will immediately execute and deliver to the Lender and Borrower the Initial Trust Receipt and Certification, in the form attached as Exhibit A to the Custody Agreement, as provided in Section 3(a) of the Custody Agreement.
Owner and FSM acknowledge and agree that a breach of Section 4 or Section 5 of this Restated Option Agreement by Owner or FSM cannot be adequately compensated in an action for damages at law, and equitable relief would be necessary to protect Parent from a violation of this Restated Option Agreement and from the harm that this Restated Option Agreement is intended to prevent.
With respect to each Mortgage Loan, the Custodian shall indicate on the exception report attached to the Initial Trust Receipt whether (i) any of the documents required to be delivered pursuant to Section 2 of the Standard Terms are not present, (ii) the Mortgage delivered pursuant to Section 2 of the Standard Terms Agreement is not a certified copy, and (iii) the power of attorney delivered pursuant to Section 2 of the Standard Terms Agreement is not an original.
Following delivery of an Initial Trust Receipt to the Owner by the Custodian until delivery of a Final Certification by the Custodian with respect to each Mortgage Loan listed on the Mortgage Loan Schedule delivered on each Closing Date, the Custodian shall deliver to the Owner, once a month and, additionally, upon the request of the Owner, an update to the exception report delivered with the Initial Trust Receipt.