Common use of Release of all Collateral Clause in Contracts

Release of all Collateral. (a) Subject to the payment of its fees and expenses pursuant to Section 4.6, the Collateral Agent shall, at the request of the Issuing Entity or when otherwise required by the provisions of this Asset Pool One Supplement, execute instruments to release property from the lien of this Asset Pool One Supplement, or convey the Collateral Agent’s interest (which is held by the Collateral Agent for the benefit of the Asset Pool One Noteholders) in the same, in a manner and under circumstances which are not inconsistent with the provisions of this Asset Pool One Supplement. No party relying upon an instrument executed by the Collateral Agent as provided in this Article II will be bound to ascertain the Collateral Agent’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any funds.

Release of all Collateral. (a) Subject to the payment of its fees and expenses pursuant to Section 4.6, the Collateral Agent shall, at the request of the Issuing Entity Issuer or when otherwise required by the provisions of this Asset Pool One Supplement, execute instruments to release property from the lien of this Asset Pool One Supplement, or convey the Collateral Agent’s 's interest (which is held by the Collateral Agent for the benefit of the Asset Pool One Noteholders) in the same, in a manner and under circumstances which are not inconsistent with the provisions of this Asset Pool One Supplement. No party relying upon an instrument executed by the Collateral Agent as provided in this Article II will be bound to ascertain the Collateral Agent’s 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any funds.

Release of all Collateral. (a) Subject to the payment of its fees and expenses pursuant to Section 4.6707 of the Indenture, the Collateral Agent Indenture Trustee shall, at the request of the Issuing Entity Issuer or when otherwise required by the provisions of this Asset Pool One Supplement, execute instruments to release property from the lien of this Asset Pool One Supplement, or convey the Collateral Agent’s Indenture Trustee's interest (which is held by the Collateral Agent Indenture Trustee for the benefit of the Asset Pool One Noteholders) in the same, in a manner and under circumstances which are not inconsistent with the provisions of this Asset Pool One Supplement. No party relying upon an instrument executed by the Collateral Agent Indenture Trustee as provided in this Article II will be bound to ascertain the Collateral Agent’s Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any funds.