Common use of Release Letter Clause in Contracts

Release Letter. Buyer shall have received from Seller either (I) a Warehouse Lender’s Release Letter substantially in the form of Exhibit D-2 hereto (or such other form acceptable to Buyer) or (II) a Seller’s Release Letter substantially in the form of Exhibit D-1 hereto (or such other form acceptable to Buyer), covering each Eligible Transaction Asset to be sold to Buyer;

Appears in 2 contracts

Samples: Master Repurchase Agreement (KBS Real Estate Investment Trust, Inc.), Master Repurchase Agreement (KBS Real Estate Investment Trust, Inc.)

AutoNDA by SimpleDocs

Release Letter. The Buyer shall have received from the Seller either (I) a Warehouse Lender’s Release Letter Letter, if applicable, substantially in the form of Exhibit D-2 D hereto (or such other form acceptable to Buyer) or (II) a Seller’s Release Letter substantially in the form of Exhibit D-1 hereto (or such other form acceptable to Buyer), covering each Eligible Transaction Asset to be sold to Buyer;

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!