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 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 continue the first priority perfected security interest of the Indenture Trustee in the Collateral for the benefit of the Noteholders, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given or (ii) no such action shall be necessary to perfect such security interest.

Appears in 38 contracts

Samples: Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Mercedes-Benz Auto Receivables Trust 2023-2)

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Opinions as to Trust Estate. (a) On Promptly after the Closing Dateexecution and delivery of this Indenture, the Issuer shall furnish 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 continue the Trustee's first priority perfected security interest of the Indenture Trustee in the Collateral collateral for the benefit of the Noteholders, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given given, or (ii) no such action shall be necessary to perfect such security interest.

Appears in 8 contracts

Samples: WFS Receivables Corp 3, WFS Receivables Corp 3, WFS Receivables Corp 3

Opinions as to Trust Estate. (a) On the Closing Date, the Issuer shall furnish 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 continue the Indenture Trustee's first priority perfected security interest of the Indenture Trustee in the Collateral for the benefit of the Noteholders, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given or (ii) no such action shall be necessary to perfect such security interest.

Appears in 7 contracts

Samples: Indenture (Pooled Auto Securities Shelf LLC), Wachovia Auto Owner Trust 2006-A, WDS Receivables LLC

Opinions as to Trust Estate. (a) On the Closing DatePromptly after execution and delivery of this Indenture, the Issuer shall furnish 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 continue the Trustee's first priority perfected security interest of the Indenture Trustee in the Collateral for the benefit of the Noteholders, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given given, or (ii) no such action shall be necessary to perfect such security interest.

Appears in 5 contracts

Samples: Indenture (WFS Financial 2004-4 Owner Trust), Indenture (WFS Financial 2005-3 Owner Trust), WFS Financial 2005-1 Owner Trust

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Opinions as to Trust Estate. (a) On Promptly after the Closing Dateexecution and delivery of this Indenture, the Issuer shall furnish 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 continue the Trustee's first priority perfected security interest of the Indenture Trustee in the Collateral collateral for the benefit of the Noteholders, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given given, or (ii) no such action shall be necessary to perfect such security interest.; and

Appears in 4 contracts

Samples: Indenture (Green Tree Financial Corp), Indenture (Green Tree Financial Corp), Indenture (Green Tree Financial Corp)

Opinions as to Trust Estate. (a) On Promptly after the Closing Dateexecution and delivery of this Indenture, the Issuer shall furnish 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 continue the Trustee's first priority perfected security interest of the Indenture Trustee in the Collateral for the benefit of the Noteholders, and reciting the details of such filings or referring to prior Opinions of Counsel in which such details are given given, or (ii) no such action shall be necessary to perfect such security interest.

Appears in 2 contracts

Samples: Indenture (WFS Receivables Corp 4), Indenture (WFS Receivables Corp 3)

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