Common use of Release of Security Interest in Collateral Clause in Contracts

Release of Security Interest in Collateral. 3.2(a) Pledged Mortgages shall be released from the Lender's security interest only against payment to the Lender of the Release Amount in connection with such Pledged Mortgages.

Appears in 11 contracts

Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (Mortgage Com Inc), Credit and Security Agreement (Finet Holdings Corp)

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Release of Security Interest in Collateral. 3.2(a3.4(a) Pledged Mortgages shall be released from the LenderCredit Agent's security interest only against payment to the Lender Credit Agent of the Release Amount in connection with such Pledged Mortgages.

Appears in 1 contract

Samples: Credit and Security Agreement (WMF Group LTD)

Release of Security Interest in Collateral. 3.2(a(a) Pledged Mortgages shall be released from the Lender's security interest only against payment to the Lender of the Release Amount in connection with such Pledged Mortgages.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (U S Home Corp /De/)

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Release of Security Interest in Collateral. 3.2(a) Pledged Mortgages shall be released from the Lender's security interest only against payment to the Lender of the Release Amount due the Lender in connection with such Pledged Mortgages.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Amresco Inc)

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