Release Letters. The Administrative Agent shall have received from the applicable Borrower a Warehouse Lender’s Release Letter (or such other form acceptable to the Administrative Agent), if applicable, or a Borrower’s Release Letter (or such other form acceptable to the Administrative Agent) covering each Eligible Asset to be pledged to the Administrative Agent.
Appears in 6 contracts
Samples: Credit Agreement (Northstar Realty), Credit Agreement (Arbor Realty Trust Inc), Credit Agreement (CapLease, Inc.)
