Acknowledgment, Consent and Release Clause Samples

Acknowledgment, Consent and Release. The Trustee hereby ----------------------------------- acknowledges and consents to the assignment and delegation of ▇▇▇▇▇ ▇▇▇▇▇'▇ rights, title, interests, liabilities, duties and obligations as Seller and Servicer, as Cash Collateral Depositor and in its individual capacity and to the assignment and delegation of CCBH's rights, title, interests, liabilities, duties and obligations as Holder of the Seller Certificate and the Seller's Interest, as Cash Collateral Depositor and in its individual capacity and to Purchaser's acceptance and assumption thereof and hereby acknowledges and agrees that from and after the Effective Date the Purchaser has been substituted for Chevy Chase as Seller and Servicer, as Cash Collateral Depositor and in its individual capacity under the Agreement and for CCBH as Holder of the Seller Certificate and the Seller's Interest, as Cash Collateral Depositor and in its individual capacity under the Agreement and that, as a result, from and after the Effective Date Chevy Chase is released as Seller and Servicer, as Cash Collateral Depositor and in its individual capacity under the Agreement and CCBH is released as Holder of the Seller Certificate and the Seller's Interest, as Cash Collateral Depositor and in its individual capacity under the Agreement and that, from and after the Effective Date, Chevy Chase and CCBH are hereby, in any capacity, released from all liabilities, duties and obligations under the Agreement except to the extent of liabilities, duties and obligations, other than those specified by Section 7.05, that arose prior to the Effective Date.