Common use of Opinions as to Trust Estate Clause in Contracts

Opinions as to Trust Estate. (a) On the Closing Date, the Issuer shall furnish or cause to be furnished to the Indenture Trustee, an Opinion of Counsel to the effect that, in the opinion of such counsel, either (i) all financing statements and continuation statements have been executed and filed that are necessary to create and maintain the lien and security interest of the Indenture Trustee in the Trust Estate and reciting the details of such action, or (ii) no such action is necessary to create and maintain such lien and security interest.

Appears in 8 contracts

Samples: Vehicle Lease Trust (Financial Services Vehicle Trust), Vehicle Lease (Financial Services Vehicle Trust), Vehicle Lease (Financial Services Vehicle Trust)

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Opinions as to Trust Estate. (a) On the Closing Date, the Issuer shall furnish or cause to be furnished to the Indenture Trustee, Trustee and the Owner Trustee an Opinion of Counsel to the effect either stating that, in the opinion of such counsel, either (i) all financing statements and continuation statements such actions have been executed and filed that taken with respect to the filing of any financing statements, as are necessary to create perfect and maintain make effective the lien and security interest of the Indenture Trustee in the Trust Estate Collateral and reciting the details of such actionaction or stating that, or (ii) in the opinion of such counsel, no such action is actions are necessary to create and maintain make such lien and security interestinterest effective.

Appears in 3 contracts

Samples: Indenture (Peoples Choice Home Loan Securities Trust Series 2005-2), Indenture (Peoples Choice Home Loan Securities Trust Series 2005-3), Peoples Choice Home Loan Securities Trust Series 2005-4

Opinions as to Trust Estate. (a) On the Closing Date, the Issuer shall furnish or cause to be furnished to the Indenture Trustee, an Opinion of Counsel to the effect that, in the opinion of such counsel, either (i) all financing statements and continuation statements have been executed and filed that are necessary to create and maintain the lien and security interest of the Indenture Trustee in the Trust Estate Collateral and reciting the details of such action, or (ii) no such action is necessary to create and maintain such lien and security interest.

Appears in 2 contracts

Samples: Ryder Truck Rental I Lp, Ryder Truck Rental I Lp

Opinions as to Trust Estate. (a) On the Closing Date, the Issuer shall furnish or cause to be furnished to the Indenture Trustee, Trustee and the Insurer an Opinion of Counsel to the effect stating that, in the opinion of such counsel, either (i) all such actions have been taken with respect to the recording and filing 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 have been executed and filed that are necessary to create and maintain the lien and security interest of the Indenture Trustee in the Trust Estate and reciting the details of such action, or (ii) no such action is necessary to create and maintain such lien and security interest.statements,

Appears in 1 contract

Samples: Advanta Revolving Home Equity Loan Trust 1998-A

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Opinions as to Trust Estate. (a) On the Closing Date, the Issuer shall furnish or cause to be furnished to the Indenture Trustee, Trustee an Opinion of Counsel to the effect either stating that, in the opinion of such counsel, either (i) all such action has been taken with respect to the recording and filing 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 have been executed and filed that statements, as are necessary to create perfect and maintain make effective the lien and security interest of the this Indenture Trustee in the Trust Estate and reciting the details of such action, or (ii) no such action is necessary to create and maintain such lien and security interest.stating that, in the

Appears in 1 contract

Samples: Indenture (Wells Fargo Auto Receivables Corp)

Opinions as to Trust Estate. (a) On the Closing Date, the Issuer shall furnish or cause to be furnished to the Indenture Trustee, an Opinion of Counsel to the effect that, in the opinion of such counsel, either (i) all financing statements and continuation statements have been executed and filed that are necessary to create and maintain the lien and security interest of the Indenture Trustee in the Trust Estate SUBI Certificates and reciting the details of such action, or (ii) no such action is necessary to create and maintain such lien and security interest.

Appears in 1 contract

Samples: BMW Vehicle Lease Trust 2000-A

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