Common use of Release by the 2007-1 Trustee Clause in Contracts

Release by the 2007-1 Trustee. The 2007-1 Trustee (i) releases any and all rights in and to any Collections with respect to the Comerica Pools, the Wachovia Pools, the 2006-1 Pools, the 2006-2 Pools or in any Back-end Dealer Payments; provided, that no release shall have been granted with respect to amounts collected under any Pools which are Back-end Dealer Payments that have been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the 2007-1 Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, any successor servicer, Funding 2007-1 or the 2007-1 Trust to use Collections on its behalf contrary to clause (d)(i). The 2007-1 Trust agrees that the lien and security interest granted to the 2007-1 Trustee pursuant to the 2007-1 Securitization Documents to which it is a party does not and shall not attach to any Comerica Pools, the Wachovia Pools, the 2006-1 Pools or the 2006-2 Pools (or related Collections) or to any Back-end Dealer Payments and shall not assert any claim thereto.

Release by the 2007-1 Trustee. The 2007-1 Trustee (i) releases any and all rights in and to any Collections with respect to the Comerica PoolsLoans, the Wachovia Pools, the 2006-1 PoolsLoans, the 2006-2 Pools Pools, the 2007-2 Pools, the 2008-1 Loans, the Fifth Third Loans or in any Back-end Dealer Payments; provided, that no release shall have been granted with respect to amounts collected under any Pools which are Back-end Dealer Payments that have been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the 2007-1 Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, any successor servicer, Funding 2007-1 or the 2007-1 Trust to use Collections on its behalf contrary to clause (d)(ic)(i). The 2007-1 Trust agrees that the lien and security interest granted to the 2007-1 Trustee pursuant to the 2007-1 Securitization Documents to which it is a party does not and shall not attach to any Comerica PoolsLoans, the Wachovia PoolsLoans, the 2006-2 Pools, the 2007-2 Pools, the 2008-1 Pools Loans or the 2006-2 Pools Fifth Third Loans (or related Collections) or to any Back-end Dealer Payments and shall not assert any claim thereto.

Release by the 2007-1 Trustee. The 2007-1 Trustee (i) releases any and all rights in and to any Collections with respect to the Comerica Pools, the Wachovia Pools, the 2006-1 2 Pools, the 20062007-2 Pools Pools, or in any Back-end Dealer Payments; provided, that no release shall have been granted with respect to amounts collected under any Pools which are Back-end Dealer Payments that have been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the 2007-1 Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, any successor servicer, Funding 2007-1 or the 2007-1 Trust to use Collections on its behalf contrary to clause (d)(ic)(i). The 2007-1 Trust agrees that the lien and security interest granted to the 2007-1 Trustee pursuant to the 2007-1 Securitization Documents to which it is a party does not and shall not attach to any Comerica Pools, the Wachovia Pools, the 2006-1 2 Pools or the 20062007-2 Pools (or related Collections) or to any Back-end Dealer Payments and shall not assert any claim thereto.

Release by the 2007-1 Trustee. The 2007-1 Trustee (i) releases any and all rights in and to any Collections with respect to the Comerica Pools, the Wachovia Pools, the 2006-1 2 Pools, the 20062007-2 Pools, the 2008-1 Pools or in any Back-end Dealer Payments; provided, that no release shall have been granted with respect to amounts collected under any Pools which are Back-end Dealer Payments that have been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the 2007-1 Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, any successor servicer, Funding 2007-1 or the 2007-1 Trust to use Collections on its behalf contrary to clause (d)(ic)(i). The 2007-1 Trust agrees that the lien and security interest granted to the 2007-1 Trustee pursuant to the 2007-1 Securitization Documents to which it is a party does not and shall not attach to any Comerica Pools, the Wachovia Pools, the 2006-1 2 Pools, the 2007-2 Pools or the 20062008-2 1 Pools (or related Collections) or to any Back-end Dealer Payments and shall not assert any claim thereto.