Common use of Release for Servicing Clause in Contracts

Release for Servicing. From time to time and as appropriate for the foreclosure or servicing of any of the Mortgage Loans, the Custodian shall, upon receipt in writing or facsimile or electronic form from the Trustee or the Master Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit 3 (each, a "Request for Release"), release to the Trustee or the Master Servicer, as applicable, the Custodial File set forth in such Request for Release within two (2) Business Days of receipt of such request. The Trustee or the Master Servicer, as applicable, shall return to the Custodian the Custodial File when the Trustee's or the Master Servicer's need therefor in connection with such foreclosure or servicing no longer exists, unless the Mortgage Loan shall be liquidated. In such a case, upon receipt by the Custodian of an additional Request for Release certifying such liquidation from the Trustee or the Master Servicer, the Request for Release submitted pursuant to the first sentence of this Section 7 shall be deemed released by the Custodian to the Trustee or the Master Servicer.

Release for Servicing. From time to time and as appropriate for the foreclosure or servicing of any of the Mortgage Loans, the Custodian shall, upon receipt in writing or facsimile or electronic form from the Trustee or the Master Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit 3 (each, a "“Request for Release"”), release to the Trustee or the Master Servicer, as applicable, the Custodial File set forth in such Request for Release within two (2) Business Days of receipt of such request. The Trustee or the Master Servicer, as applicable, shall return to the Custodian the Custodial File when the Trustee's ’s or the Master Servicer's ’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Mortgage Loan shall be liquidated. In such a case, upon receipt by the Custodian of an additional Request for Release certifying such liquidation from the Trustee or the Master Servicer, the Request for Release submitted pursuant to the first sentence of this Section 7 shall be deemed released by the Custodian to the Trustee or the Master Servicer.

Release for Servicing. From time to time and as appropriate for the foreclosure enforcement or servicing of any of the Mortgage LoansCollateral Portfolio, the Collateral Custodian shallis hereby authorized (unless and until such authorization is revoked by the Agent), upon written receipt in writing or facsimile or electronic form from the Trustee or the Master Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit 3 (eachM, a "Request for Release"), to release to the Trustee or the Master Servicer, as applicable, the Custodial File set forth in such Request for Release Servicer within two (2) Business Days of receipt of such request, the related Required Loan Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Trustee, on behalf of the Secured Parties in accordance with the terms of this Agreement. The Trustee or the Master Servicer, as applicable, Servicer shall return to the Collateral Custodian the Custodial File Required Loan Documents or other such documents (i) promptly upon the request of the Agent, or (ii) when the Trustee's or the Master Servicer's ’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Mortgage Loan Asset shall be liquidated. In such a , in which case, upon receipt by the Custodian of Servicer shall deliver an additional Request request for Release USActive 52762757.1552762757.22 162 release of documents to the Collateral Custodian and receipt certifying such liquidation from the Trustee or the Master Servicer, the Request for Release submitted pursuant Servicer to the first sentence of this Section 7 shall be deemed released by Trustee, all in the Custodian to the Trustee or the Master Servicer.form annexed hereto as Exhibit M.