Bailee Letter definition

Bailee Letter has the meaning assigned to such term in the Custodial Agreement.

Bailee Letter shall have the meaning assigned thereto in the Security Agreement.

Bailee Letter shall be an agreement in form substantially similar to Exhibit 9 annexed hereto.

Examples of Bailee Letter in a sentence

• A waiver of bailee’s lien shall not be required if the value of the Pledged Collateral held by such bailee is less than $100,000, provided that the aggregate value of the Pledged Collateral held by all bailees who have not delivered a Bailee Letter is less than $600,000 in the aggregate.

• Other than with respect to a Wet Purchased Asset or any other Purchased Asset for which Seller has delivered a Bailee Letter, Seller shall have delivered to Custodian, in accordance with the Custodial Agreement, the Custodial Delivery and the Purchased Asset File with respect to each Eligible Asset.

• With respect to any Wet Purchased Asset or any other Purchased Asset for which Seller has delivered a Bailee Letter, if approved by Purchaser in its sole discretion, the related Settlement Agent shall have confirmed possession of the related Purchased Asset File in accordance with the related Bailee Letter.

• The Mortgage Files relating to the Mortgage Loans included in a request for release shall be sent for delivery by Custodian to the applicable Takeout Investor specified by Seller to Buyer in the EverBank Warehouse Electronic System and to Custodian as required by the Custodial Agreement; provided that such Mortgage File shall be accompanied by a fully completed Bailee Letter.

• If Seller instructs Buyer to send a Mortgage Note and related Mortgage before the Repurchase Date, Buyer will send the Mortgage Note and related Mortgage under a Bailee Letter.

More Definitions of Bailee Letter

Bailee Letter shall have the meaning assigned to such term in the Security Agreement.

Bailee Letter means a bailee letter substantially in the form of Exhibit F to the Security Agreement.

Bailee Letter means an agreement in form substantially similar to Exhibit 7 to the U.S. Security Agreement or otherwise in form and substance reasonably satisfactory to the Collateral Agent.

Bailee Letter means a bailee letter in form and substance reasonably satisfactory to the Administrative Agent.

Bailee Letter means a bailee letter substantially in the form prescribed by the Custodial Agreement or otherwise approved in writing by Buyer.

Bailee Letter. The meaning specified in Section 12.4(b)(v) hereof.

Bailee Letter has the meaning set forth in Section 3.3 hereof.