Common use of Temporary Withdrawal of Collateral Documents for Correction Clause in Contracts

Temporary Withdrawal of Collateral Documents for Correction. Lender may, at its option and in its sole but reasonable discretion, permit Borrower to withdraw, for a period not to exceed ten (10) Business Days, specified Collateral Documents for the purpose of correcting or completing such documents; provided, however, that Borrower sign a Trust Receipt and the Collateral Documents relating to only three (3) Pledged Mortgage Loans with an aggregate unpaid principal balance not to exceed five-hundred thousand ($500,000) dollars shall be released to Borrower at any time. Notwithstanding the foregoing, Lender shall be deemed to be in possession of any Collateral Documents released pursuant to this Section 6.4(b). and the security interest granted to Lender in the related Pledged Mortgage Loan shall continued unimpaired until the Collateral Documents are returned to, or the proceeds thereof are received by, Lender.

Temporary Withdrawal of Collateral Documents for Correction. Lender may, at its option and in its sole but reasonable discretion, permit Borrower to withdraw, for a period not to exceed ten (10) Business Days, specified Collateral Documents for the purpose of correcting or completing such documents; provided, however, that Borrower sign a Trust Receipt and the Collateral Documents relating to only three one (31) Pledged Mortgage Loans with an aggregate unpaid principal balance not to exceed five-hundred thousand ($500,000) dollars Loan shall be released to Borrower at any time. Notwithstanding the foregoing, Lender shall be deemed to be in possession of any Collateral Documents released pursuant to this Section 6.4(bSECTION 6.4(B). , and the security interest granted to Lender in the related Pledged Mortgage Loan shall continued unimpaired until the Collateral Documents are returned to, or the proceeds thereof are received by, Lender.

Temporary Withdrawal of Collateral Documents for Correction. Lender may, at its option and in its sole but reasonable discretion, permit Borrower to withdraw, for a period not to exceed ten (10) Business Days, specified Collateral Documents for the purpose of correcting or completing such documents; provided, however, that Borrower sign a Trust Receipt and the Collateral Documents relating to only three one (31) Pledged Mortgage Loans with an aggregate unpaid principal balance not to exceed five-hundred thousand ($500,000) dollars Loan shall be released to Borrower at any time. Notwithstanding the foregoing, Lender shall be deemed to be in possession of any Collateral Documents released pursuant to this Section 6.4(b). , and the security interest granted to Lender in the related Pledged Mortgage Loan shall continued unimpaired until the Collateral Documents are returned to, or the proceeds thereof are received by, Lender.

Temporary Withdrawal of Collateral Documents for Correction. Lender may, at its option and in its sole but reasonable discretion, permit Borrower to withdraw, for a period not to exceed ten (10) Business Days, specified Collateral Documents for the purpose of correcting or completing such documents; provided, however, that Borrower sign a Trust Receipt and that the Collateral Documents relating to only three (3) Pledged Mortgage Loans with an aggregate unpaid principal balance not to exceed five-hundred thousand Advance amount of no greater than two million ($500,0002,000,000) dollars shall be released to Borrower at any time. Notwithstanding the foregoing, Lender shall be deemed to be in possession of any Collateral Documents released pursuant to this Section 6.4(b). , and the security interest granted to Lender in the related Pledged Mortgage Loan shall continued unimpaired until the Collateral Documents are returned to, or the proceeds thereof are received by, Lender.