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.), Credit and Security Agreement (American Home Mortgage Holdings Inc), Warehousing Credit and Security Agreement (MortgageIT Holdings, Inc.)
