Common use of Release of Security Interest in Pledged Assets Clause in Contracts

Release of Security Interest in Pledged Assets. 4.3 (a) Except as provided in Section 4.3(b), Credit Agent will release its security interest in Pledged Loans and Agreements for Deed only against payment to Credit Agent of the Release Amount in connection with those Pledged Loans and Agreements for Deed. If Pledged Loans are transferred to a pool custodian or an Investor for inclusion in a Mortgage Pool and Credit Agent’s security interest in the Pledged Loans included in the Mortgage Pool is not released before the issuance of the related Mortgage-backed Security, then that Mortgage-backed Security, when issued, is a Pledged Security, Credit Agent’s security interest continues in the Pledged Loans backing that Pledged Security and Credit Agent is entitled to possession of the Pledged Security in the manner provided in this Agreement.

Release of Security Interest in Pledged Assets. 4.3 (a) Except as provided in Section 4.3(b)3.3(b) below, Credit Agent Pledged Loans will release its be released from Agent’s security interest in Pledged Loans and Agreements for Deed only against payment to Credit Agent of the Release Amount in connection with those Pledged Loans and Agreements for DeedLoans. If Pledged Loans are transferred to a pool custodian or an Investor investor for inclusion in a Mortgage Pool and Credit Agent’s security interest in the Pledged Loans included in the Mortgage Pool is not released before the issuance of the related Mortgage-backed Security, then that Mortgage-backed Security, when issued, is a Pledged Security, Credit Agent’s security interest continues in the Pledged Loans backing that Pledged Security and Credit Agent is entitled to possession of the Pledged Security in the manner provided in this Agreement.

Release of Security Interest in Pledged Assets. 4.3 (a) 3.3.1 Except as provided in Section 4.3(b)Sections 3.3.2 and 3.3.4, Credit Agent Pledged Loans will release its be released from the Agent’s security interest in Pledged Loans and Agreements for Deed only against payment to Credit the Agent of the Release Amount in connection with those Pledged Loans and Agreements for DeedLoans. If Pledged Loans are transferred to a pool custodian or an Investor Approved Custodian for inclusion in a Mortgage Pool and Credit the Agent’s security interest in the Pledged Loans included in the Mortgage Pool is not released before the issuance of the related Mortgage-backed Security, then that Mortgage-backed Security, when issued, is a Pledged Security, Credit the Agent’s security interest continues in the Pledged Loans backing that Pledged Security and Credit the Agent is entitled to possession of the Pledged Security in the manner provided in this Agreement.

Release of Security Interest in Pledged Assets. 4.3 (a) Except as provided in Section 4.3(b)3.5(b) below, Credit Agent Pledged Loans will release its be released from Agent's security interest in Pledged Loans and Agreements for Deed only against payment to Credit Agent of the Release Amount in connection with those Pledged Loans and Agreements for DeedLoans. If Pledged Loans are transferred to a pool custodian or an Investor investor for inclusion in a Mortgage Pool and Credit Agent’s 's security interest in the Pledged Loans included in the Mortgage Pool is not released before the issuance of the related Mortgage-backed Security, then that Mortgage-backed Security, when issued, is a Pledged Security, Credit Agent’s 's security interest continues in the Pledged Loans backing that Pledged Security and Credit Agent is entitled to possession of the Pledged Security in the manner provided in this Agreement.

Release of Security Interest in Pledged Assets. 4.3 (a) 3.3.1 Except as provided in Section 4.3(b)Sections 3.3.2 and 3.3.4, Credit Agent Pledged Loans with respect to which Mortgage Loan Advances have been made will release its be released from the Agent’s security interest in Pledged Loans and Agreements for Deed only against payment to Credit the Agent of the Release Amount in connection with those Pledged Loans and Agreements for DeedLoans. If such Pledged Loans are transferred to a pool custodian or an Investor Approved Custodian for inclusion in a Mortgage Pool and Credit the Agent’s security interest in the Pledged Loans included in the Mortgage Pool is not released before the issuance of the related Mortgage-backed Security, then that Mortgage-backed Security, when issued, is a Pledged Security, Credit the Agent’s security interest continues in the Pledged Loans backing that Pledged Security and Credit the Agent is entitled to possession of the Pledged Security in the manner provided in this Agreement.

Release of Security Interest in Pledged Assets. 4.3 (a) Except as provided in Section 4.3(b), Credit Agent Lender will release its security interest in the Pledged Loans and Agreements for Deed Assets only against payment to Credit Agent Lender of the Release Amount in connection with those Pledged Loans and Agreements for DeedAssets. If Pledged Loans are transferred to a pool custodian or an Investor for inclusion in a Mortgage Pool and Credit AgentLender’s security interest in the Pledged Loans included in the Mortgage Pool is not released before the issuance of the related Mortgage-backed Security, then that Mortgage-backed Security, when issued, is a Pledged Security, Credit AgentLender’s security interest continues in the Pledged Loans backing that Pledged Security and Credit Agent Lender is entitled to possession of the Pledged Security in the manner provided in this Agreement.