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.
This Bailee Letter shall terminateFrom and after #Owner’s delivery of athe Release Letter, Bailee shall hold the Assets described in the Release Letter to Bailee from Owner, # executionand the Asset Documentation and the Asset Documents for the Assets described in the Release Letter as bailee and for the benefit 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..
ThisUpon 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 its right, title and interest in the related Assets purchased by (including any lien thereon) and (2) Owner shall, upon written request from , deliver a Release Letterrelease letter (the “Release Letter,” the form of which is attached hereto as Exhibit A) to Bailee from Owner, # execution of a custody or bailee arrangement between, , Bailee and , in electronic format 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.follows:
ThisIn 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 or bailee arrangement between Bailee and , as of with this letter 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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