Common use of Release of Receivables Following Receivables Sale Termination Date Clause in Contracts

Release of Receivables Following Receivables Sale Termination Date. The Indenture Trustee shall release to the Issuer all Receivables in the Trust Estate upon the occurrence of the Receivables Sale Termination Date, and shall execute all instruments of assignment, release or conveyance, prepared by the Issuer or the Receivables Seller, and delivered to the Indenture Trustee, as reasonably requested by the Issuer or the Receivables Seller.

Appears in 25 contracts

Samples: Indenture (PennyMac Mortgage Investment Trust), Indenture (New Residential Investment Corp.), Indenture (New Residential Investment Corp.)

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Release of Receivables Following Receivables Sale Termination Date. The Indenture Trustee shall release to the Issuer all Receivables in the Trust Estate upon the occurrence of the Receivables Sale Termination Date, and shall execute all instruments of assignment, release or conveyance, prepared by the Issuer or the applicable Receivables Seller, and delivered to the Indenture Trustee, as reasonably requested by the Issuer or the such Receivables Seller.

Appears in 1 contract

Samples: Indenture (New Residential Investment Corp.)

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