Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 72 contracts
Samples: Indenture (CarMax Auto Owner Trust 2024-3), Indenture (Carmax Auto Funding LLC), Indenture (CarMax Auto Owner Trust 2024-2)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 44 contracts
Samples: Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Mercedes-Benz Auto Receivables Trust 2023-2)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s Issuer's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 25 contracts
Samples: Indenture (Usaa Auto Owner Trust 2005-3), Indenture (Usaa Federal Savings Bank Usaa Auto Owner Trust 2001-1), Indenture (USAA Auto Owner Trust 2006-2)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 22 contracts
Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Owner Trust 2005-A), Tia Indenture (Ford Credit Auto Receivables Two L P)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 21 contracts
Samples: Trust Agreement (CarMax Auto Owner Trust 2015-4), Indenture (CarMax Auto Owner Trust 2015-2), Indenture (CarMax Auto Owner Trust 2015-1)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 6 contracts
Samples: Indenture (Carmax Auto Funding LLC), Indenture (Pooled Auto Securities Shelf LLC), Pooled Auto Securities Shelf LLC
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 6 contracts
Samples: Indenture (Pooled Auto Securities Shelf LLC), Pooled Auto Securities Shelf LLC, Wachovia Auto Owner Trust 2005-A
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents14.01, the Indenture Trustee shall release property from the lien Lien of this Indenture only in accordance hereby with the Transaction Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 14.01 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 5 contracts
Samples: Servicing Agreement (Capital One Auto Receivables LLC), Capital One Auto Finance Trust 2002-C, Capital One Auto Finance Trust 2002-A
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture TrusteeIssuer’s obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 4 contracts
Samples: Indenture (USAA Auto Owner Trust 2007-1), Indenture (USAA Auto Owner Trust 2008-1), Indenture (USAA Auto Owner Trust 2007-2)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 3 contracts
Samples: Indenture (Wachovia Auto Loan Owner Trust 2007-1), Indenture (WDS Receivables LLC), Indenture (Wachovia Auto Owner Trust 2008-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only in accordance with the Basic Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 3 contracts
Samples: Indenture (Wells Fargo Auto Receivables Corp), Ace Securities Corp Rv & Marine Trust 2001-Rv1, Amsouth Auto Receivables LLC
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2018-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2018-A), Indenture (Mercedes-Benz Auto Lease Trust 2018-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only in accordance with the Basic Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Satisfaction and Discharge of Indenture (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Wells Fargo Financial Auto Owner Trust 2005-A
Release of Collateral. Subject to Section Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (CarMax Auto Owner Trust 2012-2), Indenture (CarMax Auto Owner Trust 2012-1)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s Issuer's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Vw Credit Leasing LTD, Volkswagen Public Auto Loan Securitization LLC
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2016-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2016-B), Indenture (Mercedes-Benz Auto Lease Trust 2016-B)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections (S)(S) 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Amsouth Auto Corp Inc, Amsouth Auto Receivables LLC
Release of Collateral. Subject to Section 11.1 and the --------------------- terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Pooled Auto Securities Shelf LLC), Pooled Auto Securities Shelf LLC
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2019-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2019-B), Indenture (Mercedes-Benz Auto Lease Trust 2019-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2017-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2017-A), Indenture (Mercedes-Benz Auto Lease Trust 2017-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien Lien of this Indenture only in accordance with the Basic Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (M&i Auto Loan Trust 2002-1), Bond Securitization LLC
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2015-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2015-A), Indenture (Mercedes-Benz Auto Lease Trust 2015-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: WDS Receivables LLC, Wachovia Auto Loan Owner Trust 2008-1
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 201_-[__] Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture, (Daimler Trust), Daimler Trust
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2021-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2021-A), Indenture (Mercedes-Benz Auto Lease Trust 2021-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2016-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture, (Mercedes-Benz Auto Lease Trust 2016-A), Indenture (Mercedes-Benz Auto Lease Trust 2016-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2020-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2020-A), Indenture (Mercedes-Benz Auto Lease Trust 2020-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2020-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2020-B), Indenture (Mercedes-Benz Auto Lease Trust 2020-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2019-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2019-A), Indenture (Mercedes-Benz Auto Lease Trust 2019-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2023-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2023-A), Indenture (Mercedes-Benz Auto Lease Trust 2023-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2021-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2021-B), Indenture (Mercedes-Benz Auto Lease Trust 2021-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2024-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2024-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2018-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2018-B), Indenture (Mercedes-Benz Auto Lease Trust 2018-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2015-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2015-B), Indenture (Mercedes-Benz Auto Lease Trust 2015-B)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Samples: Wells Fargo Auto Receivables Corp
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(css.sx. 004(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Samples: Capital One Auto Receivables LLC
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion opinion of Counsel and Independent Certificates in accordance with TIA Sections xx.xx. 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Samples: Bond Securitization LLC
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) Order accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture TrusteeIssuer’s obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.. SECTION 2.11
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only in accordance with the Basic Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Samples: Indenture (Bank One Auto Securitization Trust 2003-1)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections xx.xx. 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Samples: M&i Dealer Auto Securitization LLC
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections ss.ss. 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Ixxxxxndent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Samples: Bas Securitization LLC
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2024-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) Order accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s Issuer's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release 8 Indenture 2007-1 property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officers' Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections Section Section 314(c) and 314(d)(1314(d)(l) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Lease Trustee’s 's obligations under TIA Sections Section Section 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Samples: Indenture (RCL Trust 1996 1)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by it of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections ss.ss. 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent sucx Xxxependent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an any exemptive order under TIA Section ss. 304(d) modifying the Indenture Trustee’s Issuer's obligations under TIA Sections ss.ss. 314(c) and 314(d)(1), subject to Section 11.01 and the terms xx xhe Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract