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.)
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.)