Common use of Release of Property Clause in Contracts

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Collateral will automatically be released, the Indenture Trustee will release Collateral from the Lien of this Indenture only on receipt of an Issuer Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series [_]-[_] Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series [_]-[_] Collateral will automatically be released, the Indenture Trustee will release Series [_]-[_] Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2021-1 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2021-1 Collateral will automatically be released, the Indenture Trustee will release Series 2021-1 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2023-7 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2023-7 Collateral will automatically be released, the Indenture Trustee will release Series 2023-7 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2022-3 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2022-3 Collateral will automatically be released, the Indenture Trustee will release Series 2022-3 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2023-5 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2023-5 Collateral will automatically be released, the Indenture Trustee will release Series 2023-5 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2023-2 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2023-2 Collateral will automatically be released, the Indenture Trustee will release Series 2023-2 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2023-4 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2023-4 Collateral will automatically be released, the Indenture Trustee will release Series 2023-4 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2024-1 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2024-1 Collateral will automatically be released, the Indenture Trustee will release Series 2024-1 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2022-7 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2022-7 Collateral will automatically be released, the Indenture Trustee will release Series 2022-7 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2022-4 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2022-4 Collateral will automatically be released, the Indenture Trustee will release Series 2022-4 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2021-2 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2021-2 Collateral will automatically be released, the Indenture Trustee will release Series 2021-2 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2022-2 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2022-2 Collateral will automatically be released, the Indenture Trustee will release Series 2022-2 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2023-1 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2023-1 Collateral will automatically be released, the Indenture Trustee will release Series 2023-1 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2024-3 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2024-3 Collateral will automatically be released, the Indenture Trustee will release Series 2024-3 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2024-4 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2024-4 Collateral will automatically be released, the Indenture Trustee will release Series 2024-4 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2022-1 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2022-1 Collateral will automatically be released, the Indenture Trustee will release Series 2022-1 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2024-8 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2024-8 Collateral will automatically be released, the Indenture Trustee will release Series 2024-8 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2022-6 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2022-6 Collateral will automatically be released, the Indenture Trustee will release Series 2022-6 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2024-6 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2024-6 Collateral will automatically be released, the Indenture Trustee will release Series 2024-6 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.

Release of Property. The Indenture Trustee may, and when required by this Indenture will, release Series 2022-5 Collateral from the Lien of this Indenture, in each case, according to this Indenture. Except under Sections 8.4(b), 8.4(c) and 10.1 and Section 3.4 of the Transfer and Servicing Agreement for which the related Series 2022-5 Collateral will automatically be released, the Indenture Trustee will release Series 2022-5 Collateral from the Lien of this Indenture only on receipt of an Issuer a Trust Request and an Officer’s Certificate and an Opinion of Counsel meeting the requirements of Section 11.3 and (if required by the TIA) Independent Certificates according to Sections 314(c) and 314(d)(1) of the TIA.