Common use of Release of Security Interest in Pledged Loans and Pledged Securities Clause in Contracts

Release of Security Interest in Pledged Loans and Pledged Securities. 4.3(a) Except as provided in Section 4.3(b), Credit Agent will release its security interest in the Pledged Loans and all of the Collateral related to the Pledged Loans, as such Collateral is described in Sections 4.1(d) and 4.1(e), only against payment to Credit Agent of the Release Amount in connection with those Pledged Loans. 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 and all of the Collateral related to the Pledged Loans, as such Collateral is described in Sections 4.1(d) and 4.1(e) 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, Lender’s security interest continues in the Pledged Loans and all of the Collateral related to the Pledged Loans, as such Collateral is described in Sections 4.1(d) and 4.1(e), 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 Loans and Pledged Securities. 4.3(a) Except as provided in Section 4.3(b), Credit Agent Lender will release its security interest in the a Pledged Loans Loan and all of the Collateral related to the such Pledged LoansLoan, as such Collateral is described in Sections 4.1(d) and 4.1(e)Section 4.1, only against payment to Credit Agent Lender of the Release Amount in connection with those such Pledged LoansLoan. If a Pledged Loans are Loan is transferred to a pool custodian or an Investor for inclusion in a Mortgage Pool and Credit AgentLender’s security interest in the such Pledged Loans Loan and all of the Collateral related to the Pledged LoansLoan, as such Collateral is described in Sections 4.1(d) and 4.1(e) included in the Mortgage Pool Section 4.1 is not released before the issuance of the related Mortgage-backed Security, then that Mortgage-backed Security, when issued, is a Pledged Security, Lender’s security interest continues in the such Pledged Loans Loan and all of the Collateral related to the such Pledged LoansLoan, as such Collateral is described in Sections 4.1(d) and 4.1(e)Section 4.1, backing that Pledged Security and Credit Agent Lender is entitled to possession of the Pledged Security in the manner provided in this Agreement.

Release of Security Interest in Pledged Loans and Pledged Securities. 4.3(a(a) Except as provided in Section 4.3(b), Credit Agent will release its security interest in the Pledged Loans and all of the Collateral related to the Pledged Loans, as such Collateral is described in Sections 4.1(d) and 4.1(e), only against payment to Credit Agent of the Release Amount in connection with those Pledged Loans. 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 and all of the Collateral related to the Pledged Loans, as such Collateral is described in Sections 4.1(d) and 4.1(e) 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, Lender’s security interest continues in the Pledged Loans and all of the Collateral related to the Pledged Loans, as such Collateral is described in Sections 4.1(d) and 4.1(e), 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 Loans and Pledged Securities. 4.3(a) Except as provided in Section 4.3(b), Credit Administrative Agent will release its security interest in the a Pledged Loans Loan and all of the Collateral related to the such Pledged LoansLoan, as such Collateral is described in Sections 4.1(d) and 4.1(e)Section 4.1, only against payment to Credit Administrative Agent of the Release Amount in connection with those such Pledged LoansLoan. If a Pledged Loans are Loan is transferred to a pool custodian or an Investor for inclusion in a Mortgage Pool and Credit Administrative Agent’s security interest in the such Pledged Loans Loan and all of the Collateral related to the Pledged LoansLoan, as such Collateral is described in Sections 4.1(d) and 4.1(e) included in the Mortgage Pool Section 4.1 is not released before the issuance of the related Mortgage-backed Security, then that Mortgage-backed Security, when issued, is a Pledged Security, LenderAdministrative Agent’s security interest continues in the such Pledged Loans Loan and all of the Collateral related to the such Pledged LoansLoan, as such Collateral is described in Sections 4.1(d) and 4.1(e)Section 4.1, backing that Pledged Security and Credit Administrative Agent is entitled to possession of the Pledged Security in the manner provided in this Agreement.