Trust Receipt shall have the meaning set forth in the Custodial Agreement.

Trust Receipt means a trust receipt issued by Custodian to Buyer confirming the Custodian’s possession of certain Purchased Asset Files that are the property of and held by Custodian for the benefit of Buyer (or any other holder of such trust receipt) or a bailment arrangement with counsel or other third party acceptable to Buyer in its sole discretion.

Trust Receipt means a trust receipt in a form approved by and under which Lender may deliver any document relating to the Collateral to Borrower for correction or completion.

Examples of Trust Receipt in a sentence

Each Custodial Loan Transmission subsequently delivered by the Custodian to Agent shall supersede and cancel the Custodial Loan Transmission previously delivered by the Custodian to Agent under the Custodial and Disbursement Agreement, and shall replace the Custodial Loan Transmission that is then appended to the Trust Receipt and shall control and be binding upon Buyer, Seller, and the Custodian.
The Trust Receipt shall be delivered in accordance with the terms of the Custodial and Disbursement Agreement.
In addition, in accordance with the Custodial and Disbursement Agreement the Custodian shall deliver to Buyer upon the initial Transaction, a Trust Receipt with a Custodial Loan Transmission attached thereto.
Buyer shall have received such other documents as Buyer (or Agent on behalf of Buyer) or its counsel may reasonably request, including the Trust Receipt.
Buyer shall have received such other documents as Buyer or its counsel may reasonably request, including the Trust Receipt.

More Definitions of Trust Receipt

Trust Receipt. A certification as to the completeness of each Trustee Mortgage Loan File substantially in the form of Exhibit A hereto provided by the Securities Administrator (or the Custodian) pursuant to Section 2.02 hereof.

Trust Receipt means, with respect to any Transaction as of any date, a receipt in the form attached as an exhibit to the Custodial Agreement.

Trust Receipt means a trust receipt issued by Custodian, or, in the case of a Table Funded Purchased Asset, Bailee, to Buyer substantially in the form required under the Custodial Agreement or the Bailee Agreement.

Trust Receipt means evidence of receipt, identification, and recording, including:

Trust Receipt means the “Master Trust Receipt” as defined in the Custodial Agreement.

Trust Receipt. A trust receipt in the form annexed hereto as Exhibit One delivered to MLCC by the Custodian covering all of the Mortgage Loans subject to this Custodial Agreement from time to time, as reflected in the Mortgage Loan Schedule and Exception Report attached thereto in accordance with Section 4(b).