Common use of Annual Opinions as to Collateral Clause in Contracts

Annual Opinions as to Collateral. On or before July 15th in each calendar year, beginning in 20__, the Issuing Entity shall furnish to the Indenture Trustee [and the Securities Insurer] an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto and any other requisite documents and with respect to the execution and filing of any financing statements and continuation statements as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto and any other requisite documents and the execution and filing of any financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the lien and security interest of this Indenture until July 15th of the following calendar year.

Annual Opinions as to Collateral. On or before July March -------------------------------- 15th in each calendar year, beginning in 20__1999, the Issuing Entity Servicer on behalf of the Issuer Trust shall furnish to the Indenture Trustee [and the Securities Insurer] an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto hereto, the Security Agreement [Indenture Trustee], any supplements or amendments thereto, and any other requisite documents and with respect to the execution and filing of any financing statements and continuation statements as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto hereto, the Security Agreement [Indenture Trustee], any supplements or amendments thereto and any other requisite documents and the execution and filing of any financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the lien and security interest of this Indenture until July March 15th of the following calendar year. Upon written request of the Servicer, the Issuer Trust will file any necessary UCC-3 continuation statements.

Annual Opinions as to Collateral. On or before July 15th _______________ __ in each calendar year, beginning in 20_199_, the Issuing Entity Issuer shall furnish to the Indenture Trustee [and the Securities Insurer] an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto and any other requisite documents and with respect to the execution and filing of any financing statements and continuation statements as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto and any other requisite documents and the execution and filing of any financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the lien and security interest of this Indenture until July 15th _______________ __ of the following calendar year.

Annual Opinions as to Collateral. On or before July 15th [____] __th in each calendar year, beginning in 20[__, __],the Issuing Entity Issuer shall furnish to the Indenture Trustee [and the Securities Insurer] Insurer an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto and any other requisite documents and with respect to the execution and filing of any financing statements and continuation statements as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto and any other requisite documents and the execution and filing of any financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the lien and security interest of this Indenture until July 15th of the following calendar year.