Custodian to Cooperate; Release of Custodial Files. Upon the receipt by the Custodian of a request for release of a Custodial File (the "REQUEST FOR RELEASE"), in substantially the form annexed hereto as EXHIBIT C, executed by the Borrower and acknowledged by the Lender and certifying with respect to the Business Lease related to such Custodial File that (i) all payments due from the Lessee under the Business Lease have been paid to the Custodial Account, (ii) the Lender and the Borrower intend to dispose of the Business Lease or the related Lease Financing Loan through a Securitization or otherwise, or (iii) the Lender has agreed to release its security interest in the Business Lease after repayment of the entire Loan Amount of the Lease Financing Loan secured by such Business Lease, the Custodian shall promptly release the related Custodial File to the Borrower.
Appears in 3 contracts
Sources: Master Business Lease Financing Agreement (Eroom System Technologies Inc), Master Business Lease Financing Agreement (Eroom System Technologies Inc), Master Business Lease Financing Agreement (Eroom System Technologies Inc)