Common use of Delivery of Collateral Documents Clause in Contracts

Delivery of Collateral Documents. (a) Credit Agent may deliver documents relating to the Collateral to Borrowers for correction or completion under a Trust Receipt. (b) If no Default or Event of Default exists, upon delivery by Borrowers to Credit Agent of shipping instructions pursuant to the applicable Exhibit B, Credit Agent will deliver the Mortgage Notes evidencing Pledged Loans or Pledged Securities, together with all related loan documents and pool documents previously received by Credit Agent under the requirements of the applicable Exhibit B, to the designated Investor or Approved Custodian or to another party designated by Borrowers and acceptable to Credit Agent in its sole discretion. (c) If a Default or Event of Default exists, Credit Agent may, without liability to Borrowers or any other Person, continue to deliver Pledged Loans or Pledged Securities, together with all related loan documents and pool documents in Credit Agent's possession, to the applicable Investor, or Approved Custodian or to another party acceptable to Credit Agent in its sole discretion. (d) Upon receipt of Notice from Borrowers under Section 3.3(g), and payment of the Release Amount with respect to a Pledged Loan identified by Borrowers, Credit Agent will, at Borrowers' request, release to Borrowers any Collateral Documents relating to the redeemed Pledged Loan or the Pledged Loans backing a Pledged Security that Credit Agent has in its possession and that have not been delivered to an Investor or Approved Custodian; provided, that Credit Agent shall, if requested by an Investor or Approved Custodian or consistent with past practices, provide the Collateral Documents for any Pledged Loan purchased to such Investor, and the Collateral Documents for any Pledged Loan backing Mortgage-backed Securities to the Approved Custodian.

Delivery of Collateral Documents. (a) Credit Agent Lender may deliver documents relating to the Collateral to Borrowers Borrower for correction or completion under a Trust Receipt. (b) If no Default or Event of Default exists, upon delivery by Borrowers Borrower to Credit Agent Lender of shipping instructions pursuant to the applicable Exhibit B, Credit Agent Lender will deliver the Mortgage Notes evidencing transmit Pledged Loans or Pledged Securities, together with all related loan documents and pool documents previously received by Credit Agent under the requirements of the applicable Exhibit Bin Lender's possession, to the designated Investor or applicable Investor, Approved Custodian or to another other party designated by Borrowers and acceptable to Credit Agent Lender in its sole discretion. (c) If a Default or Event of Default exists, Credit Agent Lender may, without liability to Borrowers Borrower or any other Person, continue to deliver transmit Pledged Loans or Pledged Securities, together with all related loan documents and pool documents in Credit AgentLender's possession, to the applicable Investor, or Approved Custodian or to another other party acceptable to Credit Agent Lender in its sole discretion. (d) Upon receipt of Notice from Borrowers Borrower under Section 3.3(g3.3 (h), and payment of the Release Amount with respect to a Pledged Loan identified by BorrowersBorrower, Credit Agent will, at Borrowers' request, Lender will release to Borrowers Borrower any Collateral Documents relating to the redeemed Pledged Loan or the Pledged Loans backing a Pledged Security that Credit Agent Lender has in its possession and that have not been delivered to an Investor or Approved Custodian; provided, that Credit Agent shall, if requested by an Investor or Approved Custodian or consistent with past practices, provide the Collateral Documents for any Pledged Loan purchased to such Investor, and the Collateral Documents for any Pledged Loan backing Mortgage-backed Securities to the Approved Custodian.. END OF ARTICLE 4

Delivery of Collateral Documents. (a) Credit Agent may deliver documents relating to the Collateral to Borrowers Borrower for correction or completion under a Trust Receipt. (b) If no Default or Event of Default exists, upon delivery by Borrowers Borrower to Credit Agent of shipping instructions pursuant by RFConnects on the Business Day prior to the applicable Exhibit Btransmission, Credit Agent will deliver the Mortgage Notes evidencing transmit Pledged Loans Loans, Pledged Agreements for Deed or Pledged Securities, together with all related loan documents and pool documents previously received by in Credit Agent under the requirements of the applicable Exhibit BAgent's possession, to the designated Investor or applicable Investor, Approved Custodian or to another other party designated by Borrowers and acceptable to Credit Agent in its sole discretion. (c) If a Default or Event of Default exists, Credit Agent may, without liability to Borrowers Borrower or any other Person, continue to deliver transmit Pledged Loans Loans, Pledged Agreements for Deed or Pledged Securities, together with all related loan documents and pool documents in Credit Agent's possession, to the applicable Investor, or Approved Custodian or to another other party acceptable to Credit Agent in its sole discretion. (d) Upon receipt of Notice from Borrowers Borrower under Section 3.3(g4.3(g), and payment of the Release Amount with respect to a Pledged Loan Asset identified by BorrowersBorrower, Credit Agent will, at Borrowers' Borrower's request, release to Borrowers Borrower any Collateral Documents relating to the redeemed Pledged Loan Asset or the Pledged Loans backing a Pledged Security that Credit Agent has in its possession and that have not been delivered to an Investor or Approved Custodian; provided, that Credit Agent shall, if requested by an Investor or Approved Custodian or consistent with past practices, provide the Collateral Documents for any Pledged Loan Asset purchased to such Investor, and the Collateral Documents for any Pledged Loan backing Mortgage-backed Securities to the Approved Custodian.

Delivery of Collateral Documents. (a) Credit Agent may If no Event of Default has occurred and is continuing, Collateral Custodian will deliver documents relating to the Collateral to Borrowers the Borrower for correction or completion under a Trust ReceiptReceipt and the Custodial Agreement. (b) If no Default or Event of Default existshas occurred and is continuing, upon delivery by Borrowers the Borrower to Credit Agent Collateral Custodian of shipping instructions pursuant to the applicable Exhibit BD, Credit Agent Collateral Custodian will deliver the Mortgage Notes evidencing Pledged Loans or Pledged Securities, together with all related loan documents and pool documents previously received by Credit Agent under the requirements of the applicable Exhibit B, to the designated Investor or Approved Custodian or to another party designated by Borrowers and acceptable to Credit Agent in its sole discretion. (c) If a Default or Event of Default exists, Credit Agent may, without liability to Borrowers or any other Person, continue to deliver transmit Pledged Loans or Pledged Securities, together with all related loan documents and pool documents in Credit Collateral Custodian's possession, to the applicable Investor, Approved Custodian or other party acceptable to Agent in its sole discretion. (c) If a Default exists, Agent may, without liability to the Borrower or any other Person, continue to transmit Pledged Loans or Pledged Securities, together with all related loan documents and pool documents in Agent's possession, to the applicable Investor, or Approved Custodian or to another other party acceptable to Credit Agent in its sole discretion. (d) Upon receipt of Notice from Borrowers under Section 3.3(g)the Borrower, and payment of the Release Amount with respect to a Pledged Loan identified by Borrowersthe Borrower, Credit Agent will, at Borrowers' request, will release to Borrowers the Borrower any Collateral Documents relating to the redeemed Pledged Loan or the Pledged Loans backing a Pledged Security that Credit Agent has in its possession and that have not been delivered to an Investor or Approved Custodian; provided, that Credit Agent shall, if requested by an Investor or Approved Custodian or consistent with past practices, provide the Collateral Documents for any Pledged Loan purchased to such Investor, and the Collateral Documents for any Pledged Loan backing Mortgage-backed Securities to the Approved Custodian.

Delivery of Collateral Documents. (a) Credit Collateral Agent may deliver documents relating to the Collateral to Borrowers Borrower for correction or completion under a Trust Receipt. (b) If no Default or Event of Default exists, upon delivery by Borrowers Borrower to Credit Collateral Agent of shipping instructions pursuant to the applicable Exhibit BCollateral Agency Agreement, Credit Collateral Agent will deliver the Mortgage Notes evidencing transmit Pledged Loans or Pledged Securities, together with all related loan documents and pool documents previously received by Credit Agent under the requirements of the applicable Exhibit Bin Collateral Agent's possession, to the designated Investor or applicable Investor, Approved Custodian or to another other party designated by Borrowers and acceptable to Credit Collateral Agent in its sole discretion. (c) If a Default or Event of Default exists, Credit Collateral Agent may, without liability to Borrowers Borrower or any other Person, continue to deliver transmit Pledged Loans or Pledged Securities, together with all related loan documents and pool documents in Credit Collateral Agent's possession, to the applicable Investor, or Approved Custodian or to another other party acceptable to Credit Agent in its sole discretion. (d) Upon receipt of Notice from Borrowers Borrower under Section 3.3(g4.3 (g), and payment of the Release Amount with respect to a Pledged Loan identified by BorrowersBorrower, Credit Collateral Agent will, at Borrowers' Borrower's request, release to Borrowers Borrower any Collateral Documents relating to the redeemed Pledged Loan or the Pledged Loans backing a Pledged Security that Credit Collateral Agent has in its possession and that have not been delivered to an Investor or Approved Custodian; provided, that Credit Collateral Agent shall, if requested by an Investor or Approved Custodian or consistent with past practices, provide the Collateral Documents for any Pledged Loan purchased to such Investor, and the Collateral Documents for any Pledged Loan backing Mortgage-backed Securities to the Approved Custodian.