Release of Account Property. Any release or distribution of Account Property by the Custodian pursuant to the instruction of an Instructing Party shall automatically and without further action or consent by the Collateral Agent release such Account Property free and clear from the Lien of the Collateral Agent, for the benefit of the Secured Parties, granted pursuant to the Guarantee and Security Agreement. The Custodian agrees to effectuate any such release within two (2) Business Days after receipt of the request from the Instructing Party.
Appears in 6 contracts
Samples: Guarantee and Security Agreement, Guarantee and Security Agreement, Custodial Agreement (Nuveen Mortgage Opportunity Term Fund 2)
