Release of Files Sample Clauses

Release of Files. Citibank (West) is authorized, upon receipt of a direction from the Trustee pursuant to section 3.12, "Trustee to Cooperate; Release of Files," of the Pooling Agreement, to release to CitiMortgage or its designee, as directed, the Mortgage File or the documents set forth in such direction. All documents so released will be held by the recipient in trust for the benefit of the Trustee in accordance with the Pooling Agreement. Such Mortgage Files will be returned to Citibank (West) when the need therefor in connection with foreclosure or servicing no longer exists, unless the mortgage loan is liquidated or paid in full. Citibank (West) is also authorized to release any Mortgage or Mortgage Note to CRMSI after purchase by CRMSI of the related mortgage loan or the property securing such mortgage loan, all as provided in, and subject to the provisions of, the Pooling Agreement.
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Release of Files. Only those items allowed by law or ordered by a court of competent jurisdiction shall be released to the public. Disclosure of information from personnel files pursuant to state and/or federal law or by order of a court of competent jurisdiction will not be considered a violation of this contract.
Release of Files. (a) If with respect to any Home Loan: (i) the outstanding Principal Balance of such Home Loan plus all interest accrued thereon shall have been paid; (ii) the Master Servicer, or the Servicer shall have received, in escrow, payment in full of such Home Loan in a manner customary for such purposes; (iii) such Home Loan has become a Defective Loan and has been repurchased or a Qualified Substitute Home Loan has been conveyed to the Trust pursuant to Section 3.05; (iv) such Home Loan or the related Foreclosed Property has been sold in connection with the termination of the Trust pursuant to Section 11.01; (v) the FHA has paid a claim with respect to such Home Loan that is an FHA Loan under the Contract of Insurance; or (vi) the related Foreclosed Property has been sold pursuant to Section 4.13. In each such case, the Servicer shall deliver a certificate to the effect that the Servicer has complied with all of its obligations under the Servicing Agreement with respect to such Home Loan and requesting that the Indenture Trustee release to the Servicer the related Home Loan File, then the Indenture Trustee shall, within three Business Days or such shorter period as may be required by applicable law, release, or cause the Custodian to release (unless such Home Loan File has previously been released), the related Home Loan File to the Servicer and execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be necessary to vest ownership of such Home Loan in the Servicer or such other Person as may be specified in such certificate, the forms of any such instrument to be appended to such certificate.
Release of Files. Citibank is authorized, upon receipt of a direction from the Trustee pursuant to section 3.12, "Trustee to Cooperate; Release of Files," of the Pooling Agreement, to release to CitiMortgage or its designee, as directed, the Mortgage File or the documents set forth in such direction. All documents so released will be held by the recipient in trust for the benefit of the Trustee in accordance with the Pooling Agreement. Such Mortgage Files will be returned to Citibank when the need therefor in connection with foreclosure or servicing no longer exists, unless the mortgage loan is liquidated or paid in full. Citibank is also authorized to release any Mortgage or Mortgage Note to CRMSI after purchase by CRMSI of the related mortgage loan or the property securing such mortgage loan, all as provided in, and subject to the provisions of, the Pooling Agreement.
Release of Files. (a) If with respect to any Loan: (i) the outstanding Principal Balance of such Loan plus all interest accrued thereon shall have been paid;
Release of Files. (a) If with respect to any Home Loan: (i) the outstanding Principal Balance of such Home Loan plus all interest accrued thereon shall have been paid; (ii) the Master Servicer, or the Servicer shall have received, in escrow, payment in full of such Home Loan in a manner customary for such purposes; (iii) such Home Loan has become a Defective Loan and has been repurchased or a Qualified Substitute Home Loan has been conveyed to the Trust pursuant to Section 3.05; (iv) such Home Loan or the related Foreclosed Property has been sold in connection with the termination of the Trust pursuant to Section 11.01; or (v) the related Foreclosed Property has been sold pursuant to Section 4.13. In each such case, the Servicer shall deliver a certificate to the effect that the Servicer has complied with all of its obligations under the Servicing Agreement with respect to such Home Loan and requesting that the Indenture Trustee release to the Servicer the related Home Loan File, then the Indenture Trustee shall, within three Business Days or such shorter period as may be required by applicable law, release (unless such Home Loan File has previously been released), the related Home Loan File to the Servicer and execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be necessary to vest ownership of such Home Loan in the Servicer or such other Person as may be specified in such certificate, the forms of any such instrument to be appended to such certificate.
Release of Files. Upon the payment in full of any Loan (including the repurchase of any Loan or any liquidation of such Loan through foreclosure or otherwise), or the receipt by the Servicer of a notification that payment in full will be escrowed in a manner customary for such purposes, the Servicer shall deliver to the Custodian a Request for Release and Receipt in accordance with the terms of the Custodial Agreement. The Servicer shall either hold such Custodial File in trust or deliver it to (i) an escrow agent or (ii) any employee, agent or attorney of the Owner Trustee, in each case pending its release by the Servicer, such escrow agent or such employee, agent or attorney of the Owner Trustee, as the case may be. Upon any such payment in full, or the receipt of such notification that such funds have been placed in escrow, the Servicer is authorized to give, as attorney-in-fact for the Trust and the Owner Trustee and the mortgagee under the Mortgage which secured the Promissory Note, an instrument of satisfaction (or assignment of Mortgage without recourse) regarding the Mortgaged Property relating to such Mortgage, which instrument of satisfaction or assignment, as the case may be, shall be delivered to the Person or Persons entitled thereto against receipt therefor of payment in full, it being understood and agreed that no expense incurred in connection with such instrument of satisfaction or assignment, as the case may be, shall be chargeable to the Collection Account. In lieu of executing any such satisfaction or assignment, as the case may be, the Servicer may prepare and submit to the Owner Trustee, a satisfaction (or assignment without recourse, if requested by the Person or Persons entitled thereto) in form for execution by the Owner Trustee with all requisite information completed by the Servicer; in such event, the Owner Trustee shall execute and acknowledge such satisfaction or assignment, as the case may be, and deliver the same with the related Custodial File, as aforesaid.
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Release of Files. (a) If, with respect to any Loan: (i) the outstanding principal balance of such Loan plus all interest accrued thereon and other amounts due thereunder shall have been paid; (ii) the Servicer shall have received, in escrow, payment in full of such Loan in a manner customary for such purposes; (iii) such Loan has been repurchased or a Qualified Substitute Loan has been conveyed to the Trust pursuant to the Sale and Servicing Agreement; (iv) the related Foreclosed Property has been sold pursuant to Section 6.11; or (v) such Loan or the related Foreclosed Property has been sold in connection with the termination of the Issuer; then, in each case, the Servicer shall have delivered to the Indenture Trustee and the Master Servicer an Officer's Certificate, signed by a Servicing Officer, to the effect that the Servicer has complied with all of its obligations hereunder with respect to such Loan and requesting that the Indenture Trustee release to the Servicer the related File, then the Indenture Trustee shall, within three (3) Business Days or such shorter period as may be required by applicable law, release, or cause to be released, the related File (unless such file previously has been released) to the Servicer and execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be necessary to vest ownership of such Loan in the Servicer or such other Person as may be specified in such certification, the forms of any such instrument to be appended to such certificate. (b) From time to time and as appropriate for the servicing or foreclosure of any Loan, the Servicer may request the release of a File by providing to the Indenture Trustee and the Master Servicer a written request of the Servicer, signed by a Servicing Officer and stating the reason for release of the related File (or any requested portion thereof) and the date by which the Servicer expects to return the related File (or any requested portion thereof). Such receipt shall obligate the Servicer, to return the File (or such portion thereof) to the Indenture Trustee when the need therefor by the Servicer, no longer exists unless any of the conditions specified in subsection (a) above, is satisfied prior thereto. The Indenture Trustee shall release such receipt to the Servicer (i) upon the Servicer's return of the File (or such portion thereof) to the Indenture Trustee or (ii) if any of the conditions specified in subsection (a) has been satisfied, and the Service...
Release of Files. Upon the payment in full of any Loan (including the repurchase of any Loan or any liquidation of such Loan through foreclosure or otherwise), or the receipt by the Servicer or any Subservicer of a notification that payment in full will be escrowed in a manner customary for such purposes, the Servicer shall deliver to the Custodian a Request for Release and Receipt in accordance with the terms of the Custodial Agreement. The Servicer shall
Release of Files. All documents and instruments held in the custody of Celink (as agent for RMF) shall be held by Celink for the benefit of, and as agent for, RMF as the legal owner thereof. It is intended that, by Celink’s agreement pursuant to this Section 5.06, RMF shall be deemed to have possession of the documents and instruments in the custody of Celink for purposes of Section 9-305 of the Uniform Commercial Code of the state in which such documents or instruments are located. Celink shall promptly report to RMF and the Custodian any failure by it to hold the documents and instruments as herein provided and shall promptly take appropriate action to remedy any such failure. In acting as custodian of such documents and instruments, Celink agrees not to assert any legal or beneficial ownership interest in the Loans or such documents or instruments. Celink agrees to indemnify RMF and the Custodian for any and all liabilities, obligations, losses, damages, payments, costs or expenses of any kind whatsoever which may be imposed on, incurred by or asserted against RMF or the Custodian as the result of any act or omission by Celink relating to the maintenance and custody of such documents or instruments; provided, however, that Celink will not be liable (i) for any portion of any such amount resulting from the negligence or misconduct of RMF or the Custodian and (ii) for any portion of any such amount resulting from Celink’s compliance with any instructions or directions consistent with this Agreement issued to Celink by RMF or the Custodian. RMF and the Custodian shall have no duty to monitor or otherwise oversee Celink’s performance as custodian hereunder.
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