Common use of Release of Indenture Collateral Clause in Contracts

Release of Indenture Collateral. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture or the Transfer and Servicing Agreement shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys.

Release of Indenture Collateral. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee may, and when required by the provisions of this Indenture or the Transfer and Servicing Agreement shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys.

Release of Indenture Collateral. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07The Trustee shall, the Indenture Trustee may, and when required by the provisions of this Base Indenture or the Transfer and Servicing Agreement shallany Series Supplement, execute instruments to release property from the lien of this IndentureBase Indenture or any or all Series Supplements, as applicable, or convey the Indenture Trustee’s interest in the same, in a manner and under circumstances that are not inconsistent with the provisions of this IndentureBase Indenture or such Series Supplements, as applicable. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article Section 3.4 (Release of Indenture Collateral) shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys.