Common use of RELEASE BY WACHOVIA Clause in Contracts

RELEASE BY WACHOVIA. Wachovia, as the collateral agent, (i) releases any and all rights in and to any Collections with respect to the Comerica Pools, the 2006-1 Pools, the 2006-2 Pools, the 2007-1 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 Wachovia Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, any successor servicer or Warehouse Funding to use Collections on its behalf contrary to clause (a)(i). Wachovia, as collateral agent, agrees that the lien and security interest granted to it pursuant to the Wachovia Securitization Documents does not and shall not attach to any Comerica Pools, the 2006-1 Pools, the 2006-2 Pools or the 2007-1 Pools (or related Collections) or to any Back-end Dealer Payments and shall not assert any claim thereto.

RELEASE BY WACHOVIA. Wachovia, as the collateral agent, (i) releases any and all rights in and to any Collections with respect to the Comerica Pools, the 2006-1 Pools, Pools or the 2006-2 Pools, the 2007-1 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 Wachovia Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, any successor servicer or Warehouse Funding to use Collections on its behalf contrary to clause (a)(i). Wachovia, as collateral agent, agrees that the lien and security interest granted to it pursuant to the Wachovia Securitization Documents does not and shall not attach to any Comerica Pools, the 2006-1 Pools, Pools or the 2006-2 Pools or the 2007-1 Pools (or related Collections) or to any Back-end Dealer Payments and shall not assert any claim thereto.

RELEASE BY WACHOVIA. Wachovia, as the collateral agent, (i) releases any and all rights in and to any Collections with respect to the Comerica Pools, the 2006-2 Pools, the 2007-1 Pools, the 20062007-2 Pools, the 20072008-1 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 Wachovia Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, any successor servicer or Warehouse Funding to use Collections on its behalf contrary to clause (a)(i). Wachovia, as collateral agent, agrees that the lien and security interest granted to it pursuant to the Wachovia Securitization Documents does not and shall not attach to any Comerica Pools, the 2006-2 Pools, the 2007-1 Pools, the 20062007-2 Pools or the 20072008-1 Pools (or related Collections) or to any Back-end Dealer Payments and shall not assert any claim thereto.

RELEASE BY WACHOVIA. Wachovia, as the collateral agent, (i) releases any and all rights in and to any Collections with respect to the Comerica Pools, the 2006-1 Pools, the 2006-2 Pools, the 2007-1 Pools, the 2007-2 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 Wachovia Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, any successor servicer or Warehouse Funding to use Collections on its behalf contrary to clause (a)(i). Wachovia, as collateral agent, agrees that the lien and security interest granted to it pursuant to the Wachovia Securitization Documents does not and shall not attach to any Comerica Pools, the 2006-1 2 Pools, the 20062007-2 1 Pools or the 2007-1 2 Pools (or related Collections) or to any Back-end Dealer Payments and shall not assert any claim thereto.