Common use of Further Release of Collateral Clause in Contracts

Further Release of Collateral. Notwithstanding any provision of this Indenture to the contrary, any amounts properly retained by the Servicer pursuant to Section 4.03, 4.04 and 4.05 of the Assignment and Servicing Agreement are, without further action by the Trustee released from the Lien of this Indenture.

Appears in 8 contracts

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC)

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Further Release of Collateral. Notwithstanding any provision of this Indenture to the contrary, any amounts properly retained by the Servicer pursuant to Section 4.03, 4.04 and 4.05 of the Assignment and Servicing Agreement are, without further action by the Trustee Trustee, released from the Lien of this Indenture.

Appears in 1 contract

Samples: Indenture (Ikon Receivables Funding LLC)

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