Common use of RELEASE OF PURCHASED ASSETS Clause in Contracts

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may be. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Buyer shall automatically be deemed to have terminated and without any further action terminate released any security interest that Purchaser Buyer may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Buyer shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to the Seller unless such release and termination would give rise to or the applicable Takeout Investor, as the case may beperpetuate a Margin Deficit. Except as set forth in Section 16(f)(ii) and Section 1517, the Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase DateDate as set forth in Section 3(f). If such release and termination gives rise to or perpetuates a Margin Deficit Call that is applicablenot paid when due, Purchaser Buyer shall notify the Seller of the amount thereof and the Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76(b), following which Buyer shall promptly perform its obligations as set forth above in this Section 11.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset or REO Property pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of a Default shall have occurred and be continuing: (a) the Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser may have in such Purchased Asset and Purchased Item or, in the case of the REO Asset, the REO Property subject to repurchase, (b) all of the Purchaser Purchaser’s right, title and interest in such Purchased Asset or, in the case of the REO Asset, the REO Property subject to repurchase, shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetRMS, and (c) with respect to such Purchased Asset, the Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may beSeller. Except as set forth in Section Sections 15 and 16(f)(ii) and Section 15), Seller shall give at least two (2) Business Days Days’ prior written notice to the Purchaser if such repurchase shall occur on any date other than the Repurchase Date. In the case of the REO Asset, Purchaser shall assign the REO Asset to RMS upon a repurchase of the REO Asset. If such a Margin Deficit is applicable, the Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: that has not been waived by Buyer in its sole discretion in writing, then (a) Purchaser Buyer shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser Buyer may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Buyer shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to Seller unless such release and termination would give rise to or the applicable Takeout Investor, as the case may beperpetuate a Margin Deficit. Except as set forth in Section 16(f)(ii) and Section 1516, Seller shall use its best efforts to give at least two (2) Business Days prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase DateDate in Section 3(e). If such release and termination gives rise to or perpetuates a Margin Deficit is applicableDeficit, Purchaser Buyer shall notify Seller of the amount thereof and Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit (i) Seller has not satisfied any outstanding and payable obligations under Section 7 of this Agreement, or (ii) an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser all of Purchaser’s right, title and interest in such Purchased Assets shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may beSeller. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Buyer shall automatically be deemed to have terminated and without any further action terminate released any security interest that Purchaser Buyer may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall Buyer (or Agent on behalf of Buyer) shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to Seller unless such release and termination would give rise to or the applicable Takeout Investor, as the case may beperpetuate a Margin Deficit. Except as set forth in Section 16(f)(ii) and Section 1516, Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser Buyer and Agent if such repurchase shall occur on any date other than the Repurchase DateDate as set forth in Section 3(j). If such release and termination gives rise to or perpetuates a Margin Deficit Call that is applicablenot paid when due, Purchaser Buyer (or Agent on behalf of Buyer) shall notify Seller of the amount thereof and Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76(b), following which Buyer shall promptly perform its obligations as set forth above in this Section 10.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofand the satisfaction of all other Obligations (if any), unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Buyer shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser Buyer may have in such Purchased AssetAsset and any Purchased Items solely related to such Purchased Asset and, if applicable, any related Underlying Assets and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Buyer shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to or at the direction of the related Seller or the applicable Takeout InvestorREO Entity, as the case may beapplicable, unless such release and termination would give rise to or perpetuate a Margin Deficit. Except as set forth in Section 16(f)(ii) and Section 15, The related Seller shall give at least two one (21) Business Days Days’ prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase DateDate in Section 3(e). If such release and termination gives rise to or perpetuates a Margin Deficit is applicableDeficit, Purchaser Buyer shall notify the related Seller of the amount thereof and such Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser all of Purchaser’s right, title and interest in such Purchased Assets shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may beSeller. Except as set forth in Section 16(f)(iiSections 5, 18(a)(i) and Section 15, Seller shall give at least two (2) Business Days prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such the repurchase gives rise to a Margin Deficit is applicableDeficit, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Buyer shall automatically be deemed to have terminated and without any further action terminate released any security interest that Purchaser Buyer may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Buyer shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to the Seller unless such release and termination would give rise to or the applicable Takeout Investor, as the case may beperpetuate a Margin Deficit. Except as set forth in Section 16(f)(ii) and Section 151617, the Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase DateDate as set forth in Section 3(f). If such release and termination gives rise to or perpetuates a Margin Deficit Call that is applicablenot paid when due, Purchaser Buyer shall notify the Seller of the amount thereof and the Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76(b), following which Buyer shall promptly perform its obligations as set forth above in this Section 1011.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price then owing with respect to all of the Purchased Assets and the satisfaction of all other Obligations and the termination of this Agreement, then Buyer shall be deemed to have terminated any security interest that Buyer may have in such Purchased Assets and any Purchased Items solely related to the Purchased Assets. With respect to any Loan held by United Shore, upon timely payment in full of the Repurchase Price allocable to such Loan and the satisfaction of all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofoutstanding, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: (a) Purchaser , then Buyer shall automatically and without any further action terminate any security be deemed to have released its interest that Purchaser may have in such Loan and any Purchased AssetItems related to any such Loan, (b) the Purchaser unless such release would give rise to or perpetuate a Margin Deficit. No Loans may be removed from United Shore unless Buyer shall automatically and without further action sell and release have released its interest pursuant to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser this Section 10. Sellers shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may be. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give provide at least two (2) Business Days Days’ prior written notice to Purchaser Buyer if such any repurchase or removal pursuant to this Section 10 shall occur on any date other than the Repurchase Date. If such any release and termination gives rise to or perpetuates a Margin Deficit is applicableDeficit, Purchaser Buyer shall notify Seller Sellers of the amount thereof and Seller may prior to such release, Sellers shall thereupon satisfy the Margin Call upon such release in the manner specified in Section 76. Any Margin Deficit shall be cured prior to the release of any Loan pursuant to this Section 10.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Buyer shall automatically be deemed to have terminated and without any further action terminate released any security interest that Purchaser Buyer may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Buyer shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to the Seller unless such release and termination would give rise to or the applicable Takeout Investor, as the case may beperpetuate a Margin Deficit. Except as set forth in Section 16(f)(ii) and Section 15Error! Reference source not found., the Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase DateDate in Section 3(f). If such release and termination gives rise to or perpetuates a Margin Deficit Call that is applicablenot paid when due, Purchaser Buyer shall notify the Seller of the amount thereof and the Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76(b), following which Buyer shall promptly perform its obligations as set forth above in this Section 10.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Agent for the benefit of Buyers shall automatically be deemed to have terminated and without any further action terminate released any security interest that Purchaser Agent for the benefit of Buyers may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Agent for the benefit of Buyers shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to the Seller unless such release and termination would give rise to or perpetuate a Margin Deficit. Such release, if requested by Seller, shall be in the applicable Takeout Investor, as the case may beform of Exhibit D attached hereto. Except as set forth in Section 16(f)(ii) and Section 1516, the Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser Agent if such repurchase shall occur on any date other than the Repurchase DateDate as set forth in Section 3(f). If such release and termination gives rise to or perpetuates a Margin Deficit Call that is applicablenot paid when due, Purchaser Agent shall notify the Seller of the amount thereof and the Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76(b), following which Agent shall promptly perform its obligations as set forth above in this Section 10.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f3(g) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be is continuing: (a) Purchaser the Agent, on behalf of the related Purchaser, shall automatically and without any further action terminate be deemed to have terminated any security interest that the Agent, on behalf of the related Purchaser, or Purchaser may have in such Purchased Asset, (b) all of the Purchaser Agent and related Purchaser’s right, title and interest in such Purchased Assets shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser the Agent, on behalf of the related Purchaser, shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may beSeller. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days prior written notice to Purchaser the Agent, on behalf of the related Purchaser, if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser Purchasers shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) the Purchaser shall automatically and without any further action terminate any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, the Purchaser shall (or shall direct Custodian to to) (i) release such Purchased Asset to the Seller or and (ii) at the applicable Takeout InvestorSeller’s cost, take such other actions as may be reasonably requested by the case may beSeller to cause such Purchased Asset (and the related Servicing Rights) to be transferred to the Seller. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two one (21) Business Days Day’s prior written notice to the Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset (or in the case of the REO Asset, the related REO Property) pursuant to Section 3(f‎3(f) hereof, unless a Margin Deficit or an Event of a Default shall have occurred and be continuing: (a) Purchaser Agent shall automatically and without be deemed to have terminated any further action terminate any security interest that Purchaser Agent, for the benefit of Purchasers, may have in such Purchased Asset and Purchased Item subject to repurchase (and in the case of the REO Asset, the REO Subsidiary shall be deemed to have terminated any interest that the REO Subsidiary may have in the related REO Property), (b) all of Agent’s and Purchasers’ right, title and interest in such Purchased Asset (and in the Purchaser case of the REO Asset, all of the REO Subsidiary’s right, title and interest in the related REO Property) subject to repurchase, shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser Agent shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may beSeller. Except as set forth in Section Sections ‎15 and 16(f)(ii) and Section 15), Seller shall give at least two (2) Business Days Days’ prior written notice to Purchaser Agent if such repurchase shall occur on any date other than the Repurchase Date. In the case of a repurchase of all the REO Properties underlying the REO Asset, Agent may assign the REO Asset to Seller. If such a Margin Deficit has occurred and is applicablecontinuing, Purchaser Agent shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7‎7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Buyer shall automatically be deemed to have terminated and without any further action terminate released any security interest that Purchaser Buyer may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Buyer shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to the Seller unless such release and termination would give rise to or the applicable Takeout Investor, as the case may beperpetuate a Margin Deficit. Except as set forth in Section 16(f)(ii) and Section 1516, the Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase DateDate as set forth in Section 3(f). If such release and termination gives rise to or perpetuates a Margin Deficit Call that is applicablenot paid when due, Purchaser Buyer shall notify the Seller of the amount thereof and the Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76(b), following which Buyer shall promptly perform its obligations as set forth above in this Section 10.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset or REO Property pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) the Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that such Purchaser may have in such Purchased Asset, or in the case of the REO Asset, the REO Property subject to repurchase, (b) all of the Purchaser Purchaser’s right, title and interest in such Purchased Assets or, in the case of the REO Asset, the REO Property subject to repurchase, shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetSeller, and (c) with respect to such Purchased Asset, the Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investoror, as in the case may beof the REO Asset, the Purchaser shall release the related REO Property File to Seller. Except as set forth in Section Sections 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days Days’ prior written notice to the Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Agent for the benefit of Buyers shall automatically be deemed to have terminated and without any further action terminate released any security interest that Purchaser Agent for the benefit of Buyers may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Agent for the benefit of Buyers shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to the Seller unless such release and termination would give rise to or perpetuate a Margin Deficit. Such release, if requested by Seller, shall be in the applicable Takeout Investor, as the case may beform of Exhibit D hereto. Except as set forth in Section 16(f)(ii) and Section 1516, the Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser Agent if such repurchase shall occur on any date other than the Repurchase DateDate as set forth in Section 3(f). If such release and termination gives rise to or perpetuates a Margin Deficit Call that is applicablenot paid when due, Purchaser Agent shall notify the Seller of the amount thereof and the Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76(b), following which Agent shall promptly perform its obligations as set forth above in this Section 10.

RELEASE OF PURCHASED ASSETS. (a) Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f3(g) or Section 15 hereof, unless a Margin Deficit or an Event of Default shall have occurred and be is continuing: (a) Purchaser the Agent, on behalf of the related Purchaser, shall automatically and without any further action terminate be deemed to have terminated any security interest that Caliber- Barclays - Amendment No. 1 to Master Repurchase Agreement - Page 4 the Agent, on behalf of the related Purchaser, or Purchaser may have in such Purchased Asset, (b) all of the Purchaser Agent and related Purchaser’s right, title and interest in such Purchased Assets shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetSeller, and (c) with respect to such Purchased Asset, Purchaser the Agent, on behalf of the related Purchaser, shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may beSeller. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days prior written notice to Purchaser the Agent, on behalf of the related Purchaser, if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser Purchasers shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to in accordance with Section 3(f) hereof14, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Buyer shall automatically be deemed to have terminated and without any further action terminate released any security interest that Purchaser Buyer may have in such Purchased Asset, Asset and any Purchased Items solely related to such Purchased Asset and (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or Buyer shall direct Custodian to release such Purchased Asset and any Purchased Items solely related to such Purchased Asset to the Seller unless such release and termination would give rise to or the applicable Takeout Investor, as the case may beperpetuate a Margin Deficit. Except as set forth in Section 16(f)(ii) and Section 1516, the Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase DateDate in Section 3(i). If such release and termination gives rise to or perpetuates a Margin Deficit Call that is applicablenot paid when due, Purchaser Buyer shall notify the Seller of the amount thereof and the Seller may shall thereupon satisfy the Margin Call in the manner specified in Section 76(b), following which Buyer shall promptly perform its obligations as set forth above in this Section 10.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereofAsset, unless a Margin Deficit Default or an Event of Default shall have occurred and be continuing: , then (a) Purchaser Buyer shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser Buyer may have in such Purchased Asset, (b) the Purchaser shall automatically all of Buyer's right, title and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, interest in such Purchased AssetAssets shall be deemed transferred to Seller, and (c) with respect to such Purchased Asset, Purchaser Buyer shall or shall direct Custodian to release such Purchased Asset to Seller unless such release and termination would give rise to or the applicable Takeout Investor, as the case may beperpetuate a Margin Deficit. Except as set forth in Section 16(f)(iiSections 6(a) and Section 1517, Seller shall give at least two one (21) Business Days Day prior written notice to Purchaser Buyer if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser Buyer shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 76.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate any security interest that Purchaser may have in such Purchased Asset, (b) the Purchaser shall automatically and without further action sell and release to the Seller or the applicable Takeout Investor, as the case may be, such Purchased Asset, and (c) with respect to such Purchased Asset, Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may beSeller. Except as set forth in Section 16(f)(ii) and Section 15, Seller shall give at least two one (21) Business Days Day’s prior written notice to Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset or REO Property pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of a Default shall have occurred and be continuing: (a) Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that Purchaser may have in such Purchased Asset and Purchased Item or, in the case of the REO Asset, the REO Property subject to repurchase, (b) all of the Purchaser Purchaser’s right, title and interest in such Purchased Asset or, in the case of the REO Asset, the REO Property subject to repurchase, shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetRMS, and (c) with respect to such Purchased Asset, the Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investor, as the case may beSeller. Except as set forth in Section Sections 15 and 16(f)(ii) and Section 15), Seller shall give at least two (2) Business Days Days’ prior written notice to the Purchaser if such repurchase shall occur on any date other than the Repurchase Date. In the case of the REO Asset, Purchaser shall assign the REO Asset to RMS upon a repurchase of the REO Asset. If such a Margin Deficit is applicable, Purchaser shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.

RELEASE OF PURCHASED ASSETS. Upon timely payment in full of the Repurchase Price and all other Obligations (if any) then owing with respect to a Purchased Asset or REO Property pursuant to Section 3(f) hereof, unless a Margin Deficit or an Event of Default shall have occurred and be continuing: (a) the related Purchaser shall automatically and without any further action terminate be deemed to have terminated any security interest that such Purchaser may have in such Purchased Asset, or in the case of the REO Asset, the REO Property subject to repurchase, (b) all of the Purchaser related Purchaser’s right, title and interest in such Purchased Assets or, in the case of the REO Asset, the REO Property subject to repurchase, shall automatically and without further action sell and release transfer to the Seller or the applicable Takeout Investor, as the case may be, such Purchased AssetSeller, and (c) with respect to such Purchased Asset, the related Purchaser shall or shall direct Custodian to release such Purchased Asset to Seller or the applicable Takeout Investoror, as in the case may beof the REO Asset, the related Purchaser shall release the related REO Property File to Seller. Except as set forth in Section Sections 16(f)(ii) and Section 15, Seller shall give at least two (2) Business Days Days’ prior written notice to the related Purchaser if such repurchase shall occur on any date other than the Repurchase Date. If such a Margin Deficit is applicable, Purchaser Purchasers shall notify Seller of the amount thereof and Seller may thereupon satisfy the Margin Call in the manner specified in Section 7.