This Bailee Letter shall terminate after # delivery of a Release Letter to Bailee from Owner, # execution of a custody or bailee arrangement between Bailee and , as of or after the date of such Release Letter, relating to all Assets, Asset Documentation or Asset Documents purchased by , or delivery to or its designee upon its written direction, and # all other Assets, Asset Documentation or Asset Documents held hereunder and not otherwise purchased by are redelivered to on behalf of Owner.
From and after #Owner’s delivery of athe Release Letter, Bailee shall hold the Assets described in the Release Letter to Bailee from Owner, # execution of a custody or bailee arrangement between Bailee and , as of or after the date of such Release Letter, relating to all Assets, Asset Documentation orand the Asset Documents purchased by , or delivery to or its designee upon its written direction,for the Assets described in the Release Letter as bailee and # all other Assets, Asset Documentation or Asset Documents held hereunder and not otherwise purchased by are redelivered to on behalffor the benefit of Owner..
Upon receipt of the Purchase Amount as contemplated in this Bailee LetterLetter, (1) Owner shall terminate after # deliverybe deemed to have relinquished and released all of a Release Letter to Bailee from Owner, # execution of a custody or bailee arrangement between Baileeits right, title and , as of or afterinterest in the date of such Release Letter, relating to all Assets, Asset Documentation or Asset Documents purchased by , or delivery to or its designee upon its written direction, and # all other Assets, Asset Documentation or Asset Documents held hereunder and not otherwiserelated Assets purchased by are redelivered(including any lien thereon) and (2) Owner shall, upon written request from , deliver a release letter (the “Release Letter,” the form of which is attached hereto as [Exhibit A]) to , organization" data-ad-field-json='{"name":"Custodian","type":"organization","canGuess":{"name":false,"type":false}}'>, Bailee and on behalf of Owner.in electronic format as follows:
In the event of any inconsistency between the provisions of this Bailee Letter shall terminate after # deliveryand the provisions of a Release Letterany other instrument or document delivered by (on behalf of Owner) to Bailee from Owner, # execution of a custody with this letter or bailee arrangement between Bailee and , as of or afterin connection with the date of such Release Letter, relating to all Assets, Asset Documentation or Asset Documents purchased by ,Documents, including, without limitation, any “release” or delivery to or its designee upon its written direction, and # all other Assets, Asset Documentation or Asset Documents held hereunder and not otherwise purchased by are redelivered to on behalfsimilar document, the provisions of Owner.this Bailee Letter shall control.
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