Common use of Release for Payment Clause in Contracts

Release for Payment. Upon receipt by the Custodian of two copies (or electronic receipt from the Servicer in a form acceptable to the Custodian) of the Servicer’s Request for Release of Documents and receipt in the form annexed hereto as Exhibit 3 (which certification shall include a statement to the effect that all amounts received in connection with such payment, repurchase or liquidation have been credited to the related custodial account), the Custodian shall promptly release the related Custodial File to the Servicer.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-Opt2), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust, Series 2005-Opt3), Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt3)

AutoNDA by SimpleDocs

Release for Payment. Upon receipt by the Custodian of two copies (or electronic receipt from the Servicer in a form acceptable to the Custodian) of the Servicer’s Request 's request for Release release of Documents documents and receipt in the form annexed hereto as Exhibit 3 (which certification shall include a statement to the effect that all amounts received in connection with such payment, payment or repurchase or liquidation have been credited to the related custodial accountCustodial Account as provided in the Pooling and Servicing Agreement), the Custodian shall promptly release the related Custodial File to the Servicer.

Appears in 5 contracts

Samples: Custodial Agreement (C-Bass 2006-Cb2 Trust), Custodial Agreement (SABR LLC Trust 2006-Cb1), Custodial Agreement (GSAMP Trust 2006-He2)

Release for Payment. Upon receipt by the Custodian of two copies (or electronic receipt from the Servicer in a form acceptable to the Custodian) of the Servicer’s 's Request for Release of Documents and receipt in the form annexed hereto as Exhibit EXHIBIT 3 (which certification shall include a statement to the effect that all amounts received in connection with such payment, repurchase or liquidation have been credited to the related custodial account), the Custodian shall promptly release the related Custodial File to the Servicer.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff4), Custodial Agreement (Citigroup Mortgage Loan Trust Inc Series 2005-Opt1), Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-1)

Release for Payment. Upon receipt by the Custodian of two copies (or electronic receipt from the Servicer in a form acceptable to the Custodian) of the Servicer’s Request for Release of Documents and receipt in the form annexed hereto as Exhibit 3 (which certification shall include a statement to the effect that all amounts received in connection with such payment, repurchase or liquidation have been credited to the related custodial account), the Custodian shall promptly release the related Custodial File to the ServicerServicer within three Business Days.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-2)

AutoNDA by SimpleDocs

Release for Payment. Upon receipt by the Custodian of two copies (or electronic receipt from the Servicer in a form acceptable to the Custodian) of the a Servicer’s Request for Release of Documents and receipt in the form annexed hereto as Exhibit 3 (which certification shall include a statement to the effect that all amounts received in connection with such payment, repurchase or liquidation have been credited to the related custodial account), the Custodian shall promptly release the related Custodial File to the related Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-2)

Release for Payment. Upon receipt by the Custodian of two copies (or electronic receipt from the Servicer in a form acceptable to the Custodian) of the Servicer’s 's Request for Release of Documents and receipt in the form annexed hereto as Exhibit 3 (which certification shall include a statement to the effect that all amounts received in connection with such payment, repurchase or liquidation have been credited to the related custodial account), the Custodian shall promptly release the related Custodial File to the Servicer.

Appears in 1 contract

Samples: Custodial Agreement (Carrington Mortgage Loan Trust Inc Series 2005-Opt2)

Time is Money Join Law Insider Premium to draft better contracts faster.