Common use of Release of Files Clause in Contracts

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.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-1), Pooling and Servicing Agreement (Citicorp Residential Mortgage Trust Series 2006-2)

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Release of Files. Citibank (West) is authorized, upon receipt of a direction from the Trustee pursuant to section 3.123.13, "Trustee to Cooperate; Release of Mortgage 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 CMSI after purchase by CRMSI CMSI 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.. September 1, 2006

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc)

Release of Files. Citibank (West) is authorized, upon receipt of a direction from the Trustee pursuant to section 3.123.13, "Trustee to Cooperate; Release of Mortgage 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 CMSI after purchase by CRMSI CMSI 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.. August 1, 2006

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc)

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Release of Files. Citibank (West) is authorized, upon receipt of a direction from the Trustee pursuant to section 3.123.13, "Trustee to Cooperate; Release of Mortgage 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 CMSI after purchase by CRMSI CMSI 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.. May 1, 2006

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CMALT (CitiMortgage Alternative Loan Trust), Series 2006-A2)

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