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 (Municipal Mortgage & Equity LLC), Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.)

AutoNDA by SimpleDocs

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 '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 Credit Agent is discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

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

Return of Collateral at End of Warehousing Commitment. 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 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 the Administrative Agent 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. 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. 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 1 contract

Samples: Credit and Security Agreement (Homebanc Corp)

Return of Collateral at End of Warehousing Commitment. 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 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 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)

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 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: Mortgage Warehouse (Centerline Holding Co)

AutoNDA by SimpleDocs

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

Return of Collateral at End of Warehousing Commitment. 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 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 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. 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 Credit Agent will release its security interest and will deliver all Collateral in its possession to the applicable Borrower at such Borrower’s expense. A Borrower’s acknowledgement or receipt for any Collateral released or delivered to such Borrower under any provision of this Agreement is a complete and full acquittance for the Collateral so returned, and Lender is Credit Agent and Lenders are discharged from any liability or responsibility for that Collateral.

Appears in 1 contract

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

Time is Money Join Law Insider Premium to draft better contracts faster.