Examples of Request for Release and Receipt in a sentence
The Indenture Trustee agrees to acknowledge, within one Business Day of receipt, any Request for Release and Receipt of Documents properly completed and submitted by the Servicer, and not unreasonably to withhold any such acknowledgment.
All capitalized terms not otherwise defined in this Request for Release and Receipt shall have the meanings ascribed to them in the Credit Agreement.
The Borrower hereby further represents and warrants to the Lender that any such request by the Borrower for release of Collateral shall be solely for the purposes set forth in the Request for Release and Receipt and that the Borrower has requested such release in compliance with all terms and conditions of such release set forth in the Loan Agreement.
If the Mortgage Loan has been released to the Borrower pursuant to a Request for Release and Receipt as permitted under Section 5 of the Custodial Agreement, then, the promissory note relating to the Mortgage Loan was returned to the Custodian within 10 days of release (or if such tenth day is not a Business Day, the next succeeding Business Day).
The Trustee (or any Custodian appointed by the Trustee) may, subject to the terms hereof, upon receipt of a Request for Release and Receipt of Documents provided by any Servicer substantially in the form set forth on Exhibit Y, release to such Servicer the related Mortgage Loan File or the documents from a Mortgage Loan File set forth in such request.