Common use of Release, Satisfaction and Reconveyance Clause in Contracts

Release, Satisfaction and Reconveyance. Upon the payment in full of any Mortgage Loan, or in the case of a partial release of collateral permitted under the terms of any Mortgage Loan, the Primary Servicer will be responsible for processing the reconveyance, satisfaction or release appropriate in the applicable jurisdiction or on the applicable Mortgage Registry System and any related documentation in accordance with Section 5.5, including releasing the lien within the time and as required by applicable law.‌

Release, Satisfaction and Reconveyance. Upon the payment in full of any Mortgage Loan, or in the case of a partial release of collateral permitted under the terms of any Mortgage Loan, the Primary Servicer will be responsible for processing the reconveyance, satisfaction or release appropriate in the applicable jurisdiction or on the applicable Mortgage Registry System and any related documentation in accordance with Section 5.5, including releasing the lien within the time and as required by applicable law.‌law.