Common use of Release for Payment Clause in Contracts

Release for Payment. Upon receipt by the Collateral Custodian or the Collateral Administrator, as applicable, of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit L (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian or the Collateral Administrator, as applicable, shall promptly release the related Required Loan Documents to the Servicer, without a requirement for the Administrative Agent’s consent.

Release for Payment. Upon receipt by the Collateral Custodian or the Collateral Administrator, as applicable, of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit L J (which certification shall include a statement to the effect that all amounts received received) in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement)Account, the Collateral Custodian or the Collateral Administrator, as applicable, shall promptly release the related Required Loan Documents to the Servicer, without a requirement for the Administrative Agent’s consent.

Release for Payment. Upon receipt by the Collateral Custodian or the Collateral Administrator, as applicable, of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit L (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian or the Collateral Administrator, as applicable, shall promptly release the related Required Loan Documents to the Servicer, without a requirement for the Administrative Agent’s consent.

Release for Payment. Upon receipt by the Collateral Custodian of the Borrower’s (or the Collateral Administrator, as applicable, of the ServicerManager’s on its behalf) request for release of documents and receipt in the form annexed hereto as Exhibit L (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian or the Collateral Administrator, as applicable, shall promptly release the related Required Loan Documents to the Servicer, without a requirement for the Administrative Agent’s consentsuch requesting Person.