Purchase; Payment In Full. Upon the purchase or substitution of any Mortgage Loan pursuant to Section 2.06 or 3.03 of the Pooling and Servicing Agreement or Section 2.06 or 3.03 of the Transfer Agreement, or upon the payment in full of any Mortgage Loan, which shall be evidenced by Custodian's receipt of the request for release in the form annexed hereto as Exhibit B, Custodian shall promptly release the related Mortgage File to Servicer and the interest in such Mortgage Loan and related Mortgage File granted by the Depositors to the Trustee pursuant to the Pooling and Servicing Agreement shall terminate without any further action by the Custodian, the Originators, the Depositors or Trustee.
Appears in 8 contracts
Samples: Custodial Agreement (Eqcc Asset Backed Corp), Custodial Agreement (Eqcc Receivables Corp), Custodial Agreement (Eqcc Asset Backed Corp)
