Common use of Release of Lenders Clause in Contracts

Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from (i) CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (ii) CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto, in each case in form and substance satisfactory to the Purchaser.

Appears in 69 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (CarMax Auto Owner Trust 2024-2), Receivables Purchase Agreement (Carmax Auto Funding LLC)

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Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from Bank of America, N.A. (iand certain other parties) and CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (ii) CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related theretoII, in each case in form and substance satisfactory to the Purchaser.

Appears in 15 contracts

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2011-1), Receivables Purchase Agreement (CarMax Auto Owner Trust 2010-3), Receivables Purchase Agreement (CarMax Auto Owner Trust 2010-2)

Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from (i) Bank of America, N.A. (and certain other parties) and CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (ii) Xxxxx Fargo Securities, LLC (and certain other parties) and CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related theretoIII, in each case in form and substance satisfactory to the Purchaser.

Appears in 15 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement (CarMax Auto Owner Trust 2015-4), Receivables Purchase Agreement (CarMax Auto Owner Trust 2015-3)

Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from Bank of America, N.A. (iand certain other parties) and CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (ii) CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related theretoFunding, LLC, in each case in form and substance satisfactory to the Purchaser.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2004-1), Receivables Purchase Agreement (Carmax Auto Funding LLC)

Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from (i) CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and thereto, (ii) CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto, and (iii) CarMax Funding IV and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto, in each case in form and substance satisfactory to the Purchaser.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (Carmax Auto Funding LLC)

Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from (i) [____________] (and certain other parties) and CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (ii) [____________] (and certain other parties) and CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related theretoIII, in each case in form and substance satisfactory to the Purchaser.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (Carmax Auto Funding LLC)

Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from (i) [ ] (and certain other parties) and CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (ii) [ ] (and certain other parties) and CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related theretoIII, in each case in form and substance satisfactory to the Purchaser.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (Carmax Auto Funding LLC)

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Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from Bank of America, N.A. (iand certain other parties) and CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (ii) CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related theretoFunding, in each case in form and substance satisfactory to the Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2004-2)

Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from (i) CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and thereto, (ii) CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (iii) CarMax Funding IV and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto, in each case in form and substance satisfactory to the Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2024-3)

Release of Lenders. The Seller shall obtain executed release agreements and UCC partial releases with respect to the Receivables from (i) Bank of America, N.A. (and certain other parties) and CarMax Funding II and the agent on behalf of the lenders or purchasers party to any warehouse financing document related thereto and (ii) Wxxxx Fargo Securities, LLC (and certain other parties) and CarMax Funding III and the agent on behalf of the lenders or purchasers party to any warehouse financing document related theretoIII, in each case in form and substance satisfactory to the Purchaser.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2015-2)

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