Common use of Opinion on Perfection Clause in Contracts

Opinion on Perfection. On the Closing Date, the Issuer will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Collateral transferred by the Issuer to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series [_]-[_] Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2022-2 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2024-1 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2023-7 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2021-2 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2023-1 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2022-3 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2023-4 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2024-3 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2023-2 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2022-4 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2022-7 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2021-1 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2023-5 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2024-4 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2022-1 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2024-6 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2024-7 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2024-2 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2023-6 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2023-3 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2022-6 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2024-5 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.

Opinion on Perfection. On the Closing Date, the Issuer Trust will furnish to the Indenture Trustee an Opinion of Counsel stating that this Indenture creates an enforceable security interest in favor of the Indenture Trustee in the Indenture Trustee’s right, title and interest in and to the Series 2022-5 Collateral transferred by the Issuer Trust to the Indenture Trustee pursuant to this Indenture and in any identifiable cash proceeds thereof.