Common use of Return of Collateral at End of Warehousing Commitment Clause in Contracts

Return of Collateral at End of Warehousing Commitment. If (a) the Warehousing Commitment has expired or been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender will release its security interest and will deliver all Collateral in its possession to Borrower at Borrower's expense. Borrower's acknowledgement or receipt for any Collateral released or delivered to Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender is discharged from any liability or responsibility for that Collateral.

Appears in 8 contracts

Samples: Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.), Warehousing Credit and Security Agreement (American Home Mortgage Holdings Inc), Warehousing Credit and Security Agreement (Commercial Capital Bancorp Inc)

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Return of Collateral at End of Warehousing Commitment. If (a) the Warehousing Commitment has expired or been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender will release its security interest and will deliver all Collateral in its possession to Borrower at Borrower's ’s expense. Borrower's ’s acknowledgement or receipt for any Collateral released or delivered to Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender is discharged from any liability or responsibility for that Collateral.

Appears in 8 contracts

Samples: Warehousing Credit and Security Agreement (WMC Finance Co), Warehousing Credit and Security Agreement (First NLC Financial Services Inc), Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.)

Return of Collateral at End of Warehousing Commitment. If If (a) the Warehousing Commitment has expired or has been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender Administrative Agent will release its security interest and will deliver all Collateral in its possession to Borrower at Borrower's ’s expense. Borrower's ’s acknowledgement or receipt for any Collateral released or delivered to Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender the Administrative Agent is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Return of Collateral at End of Warehousing Commitment. If If (a) the Warehousing Commitment has expired or has been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender will release its security interest and will deliver all Collateral in its possession to Borrower at Borrower's ’s expense. Borrower's ’s acknowledgement or receipt for any Collateral released or delivered to Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Return of Collateral at End of Warehousing Commitment. If (a) the Warehousing Commitment has expired or been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender Credit Agent will release its security interest and will deliver all Collateral in its possession to Borrower Borrowers at Borrower's Borrowers’ expense. Borrower's Borrowers’ acknowledgement or receipt for any Collateral released or delivered to Borrower Borrowers under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender Credit Agent is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Lennar Corp /New/)

Return of Collateral at End of Warehousing Commitment. If If (a) the Warehousing Commitment has expired or has been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender will release its security interest and will deliver all Collateral in its possession to the Borrower at Borrower's ’s expense. Borrower's ’s acknowledgement or receipt for any Collateral released or delivered to Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and the Lender is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Credit and Security Agreement (Walker & Dunlop, Inc.)

Return of Collateral at End of Warehousing Commitment. 3.6.1 If (a) the Warehousing Commitment has expired or been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender Agent will release its security interest and will deliver all Collateral in its possession to Borrower Borrowers at Borrower's Borrowers' expense. Borrower's acknowledgement Borrowers' acknowledgment or receipt for any Collateral released or delivered to Borrower Borrowers under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender Agent is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Mortgage Warehousing Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)

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Return of Collateral at End of Warehousing Commitment. If (a) the Warehousing Commitment has expired or been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender will will, after notice from the Borrower, promptly release its security interest and will promptly deliver all Collateral in its possession to Borrower at Borrower's ’s expense. Borrower's ’s acknowledgement or receipt for any Collateral released or delivered to Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Municipal Mortgage & Equity LLC)

Return of Collateral at End of Warehousing Commitment. If (a) the Warehousing Commitment has expired or been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender Credit Agent will release its security interest and will deliver all Collateral in its possession to Borrower at Borrower's expense. Borrower's acknowledgement or receipt for any Collateral released or delivered to Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender Credit Agent is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Lennar Corp /New/)

Return of Collateral at End of Warehousing Commitment. If (a) the Warehousing Commitment has expired or been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender will release its security interest and will deliver all Collateral in its possession to Borrower at Borrower's expense. ’s expense Borrower's ’s acknowledgement or receipt for any Collateral released or delivered to Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Homebanc Corp)

Return of Collateral at End of Warehousing Commitment. If If (a) the Warehousing Commitment has expired or been terminated, and (b) no Warehousing Advances, interest or other Obligations are outstanding and unpaid, Lender will release its security interest and will deliver all Collateral in its possession to Borrower Borrowers at Borrower's Borrowers’ expense. Borrower's Borrowers’ acknowledgement or receipt for any Collateral released or delivered to Borrower Borrowers under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Centerline Holding Co)

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