Common use of Release of Trust Estate Clause in Contracts

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such property, 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstanding, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Trust Accounts; provided, that, any amounts on deposit in the Reserve Account and Reserve Account, as shall be distributable only to the case may beDepositor following the final distribution to the Certificateholders. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b(b) only upon receipt of an Issuer Request accompanied by an OfficerIssuer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to the Issuing Entity or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any other Person entitled thereto any funds then on deposit in the Collection Trust Accounts; provided, that, any amounts on deposit in the Reserve Account and Reserve Account, as shall only be distributable to the case may beDepositor following the final distribution to the Certificateholders. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Issuing Entity Request accompanied by an Officer’s CertificateCertificate of the Issuing Entity, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.07 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beAccounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) subsection only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, Certificate and an Opinion of Counsel and (and, if required by the TIA) TIA or Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting ), and otherwise in accordance with the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01. (c) The Issuer agrees, upon request by the Servicer and representation by the Servicer that it has complied with the procedure in Section 9.01 of the Sale and Servicing Agreement, to render the Issuer Request to the Indenture Trustee in accordance with Section 4.04, and take such other actions as are required in that Section.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to the Issuing Entity or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) paragraph only upon receipt of an Issuer Issuing Entity Request accompanied by an Officer’s Certificate, an Opinion of Counsel Counsel, and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1 or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.08, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.08 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Trust Accounts (including any amounts remaining on deposit in the Reserve Account, as the case may be). The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01. (c) The Issuer agrees, upon request by the Servicer and representation by the Servicer that it has complied with the procedure in Section 9.01 of the Sale and Servicing Agreement, to render the Issuer Request to the Indenture Trustee in accordance with Section 4.04, and take such other actions as are required in that Section.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to the Issuing Entity or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Issuing Entity Request accompanied by an Officer’s CertificateCertificate of the Issuing Entity, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repurchase by the Master Servicer of a Mortgage Loan pursuant to Section 3.18 of the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingBonds Outstanding and (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes Bonds from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied.

Release of Trust Estate. (a) Subject to the payment of its fees fees, expenses and expenses pursuant to Section 6.07indemnification, the Indenture Trustee may, and when required by the provisions of this Indenture or the Servicing Agreement, shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party Person relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid and (iii) all sums due the Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request accompanied by an Officer’s CertificateOfficers' Certificate and a letter from the Enhancer stating that the Enhancer has no objection to such request from the Issuer. (d) The Indenture Trustee shall, an Opinion at the request of Counsel the Issuer or the Depositor, surrender the Policy to the Enhancer for cancellation, upon final payment of principal of and (if required by interest on the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Notes.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repurchase by the Master Servicer of a Mortgage Loan pursuant to Section 3.18 of the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingBonds Outstanding, (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid and (iii) all sums due to the Bond Insurer have been paid, release any remaining portion of the Trust Estate that secured the Notes Bonds from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied, and a letter from the Bond Insurer stating that the Bond Insurer has no objection to such request from the Issuer, except as otherwise provided in clause (a).

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to the Issuing Entity or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Issuing Entity Request accompanied by an Officer’s CertificateCertificate of the Issuing Entity, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to the Issuing Entity or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Issuing Entity Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Credit Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an request from the Issuer Request accompanied by an Officer’s [Officers' Certificate], [an Opinion of Counsel Counsel,] and (if required by a letter from the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting Credit Enhancer, stating that the applicable requirements of Section 11.01Credit Enhancer has no objection to such request from the Issuer.]

Release of Trust Estate. (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 shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.07 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beAccounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, Certificate and an Opinion of Counsel and (and, if required by the TIA) TIA or Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting ), and otherwise in accordance with the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 (as certified by an authorized officer of the Issuer in the officer’s certificate delivered to the Trustee) have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the SellerIssuer, any funds entitled thereto then on deposit in the Collection Account and the Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel Certificate and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees fees, expenses and expenses pursuant to Section 6.07indemnification, the Indenture Trustee may, and when required by the provisions of this Indenture or the Servicing Agreement, shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party Person relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.08, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.08 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Trust Accounts (including any amounts remaining on deposit in the Reserve Account, as the case may be). The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer Issuer, or, in the case of the Reserve Account or the Yield Supplement Account, to the Seller, any funds entitled thereto then on deposit in the Collection Account, the Reserve Account and Reserve the Yield Supplement Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel 's Certificate and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to the Issuing Entity or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) paragraph only upon receipt of an Issuer Issuing Entity Request accompanied by an Officer’s Certificate, an Opinion of Counsel Counsel, and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Section 11.1 or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b(b) only upon receipt of an Issuer Request accompanied by an OfficerIssuer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repurchase by the Master Servicer of a Mortgage Loan pursuant to Section 3.16 of the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, 's Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 (as certified by an authorized officer of the Issuer in the officer’s certificate delivered to the Trustee) have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer Issuer, or, in the case of the Reserve Account, to the Seller, any funds entitled thereto then on deposit in the Collection Account and the Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel Certificate and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding, the Policy has been terminated in accordance with its terms and has been returned to the Insurer for cancellation and all sums due the Indenture Trustee and the Insurer pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its the Indenture Trustee's fees and expenses in respect of any Series pursuant to Section 6.076.07 and to the payment of any other Administrative Expenses, S&A Expenses or Additional Expenses in respect of such Series, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property property, securities or funds constituting part of the Trust Estate securing such Series from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that which 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingBonds of a Series Outstanding, all sums due the Indenture Trustee in respect of such Series pursuant to Section 6.07 have been paid and all other applicable conditions, if any, set forth in the related Terms Indenture have been satisfied, release any remaining portion of the Trust Estate that secured the Notes such Series from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection any Account and Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01for such Series.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) paragraph only upon receipt of an Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees fees, expenses and expenses pursuant to Section 6.07indemnities, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repossession by the Servicer of a Contract pursuant to Section 3.11 of the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements have been satisfied, except releases to the Servicer pursuant to Section 3.11 of Section 11.01the Servicing Agreement.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b(b) only upon receipt of an Issuer Request accompanied by an OfficerIssuer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Credit Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request request from the Issuing Entity accompanied by an Officer’s [Officers' Certificate], [an Opinion of Counsel Counsel,] and (if required by a letter from the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting Credit Enhancer, stating that the applicable requirements of Section 11.01Credit Enhancer has no objection to such request from the Issuing Entity.]

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture or the Servicing Agreement shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Credit Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s CertificateOfficers' Certificate and a letter from the Credit Enhancer, an Opinion stating that the Credit Enhancer has no objection to such request from the Issuer. (d) The Indenture Trustee shall, at the request of Counsel the Issuer or the Depositor, surrender the Policy to the Credit Enhancer for cancellation, upon final payment of principal of and (if required by interest on the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Notes.

Release of Trust Estate. (a) Subject to the payment of its reasonable fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingBonds Outstanding, (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due to the Bond Insurer have been paid, release any remaining portion of the Trust Estate that secured the Notes Bonds from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied, and a letter from the Bond Insurer stating that the Bond Insurer has no objection to such request from the Issuer.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beAccounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) paragraph only upon receipt of an Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections xx.xx. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Deposit Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture or the Sale and Servicing Agreement shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due to the Note Insurer have been paid and (iii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.05 (a) only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (stating that all applicable requirements have been satisfied and, if required by the TIA) , Independent Certificates in accordance with TIA Sections Section 314(c) and 314(d)(1314(d) meeting the applicable requirements of Section 11.01as described herein.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.08, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.08 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such property, 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstanding, all sums due to the Swap Counterparty and the Holder of the Revolving Liquidity Note have been paid and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, entitled thereto any funds then on deposit in the Collection Account, Payahead Account and Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account Trust Accounts. Such release shall include delivery to the Issuer or its designee of the 20[__]-[__] SUBI Certificate and delivery to the Securities Intermediary under the Control Agreement of a certificate evidencing the release of the lien of this Indenture and transfer of dominion and control over the Reserve Account, as Fund to the case may beOwner Trustee. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Request.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Note Insurer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) [The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an request from the Issuer Request accompanied by an Officer’s [Officers' Certificate], [an Opinion of Counsel Counsel,] and (if required by a letter from the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting Note Insurer, stating that the applicable requirements of Section 11.01Note Insurer has no objection to such request from the Issuer.]

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due the Indenture Trustee pursuant to this Indenture and other Basic Documents have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) paragraph only upon receipt of an Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections sx.xx. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any purchase of a Mortgage Loan by the Majority Certificateholder pursuant to Section 8.06 of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) it is notified by the Securities Administrator that there are no Notes outstandingOutstanding and (ii) all sums then due and unpaid to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by a request from the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Issuer.

Release of Trust Estate. (a) Subject to the payment of its reasonable fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due to the Note Insurer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied, and a letter from the Note Insurer stating that the Note Insurer has no objection to such request from the Issuer.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee Collateral Agent may, and when required by the provisions of this Indenture shall, execute instruments to release property from the the, lien of this Indenture, or convey the Indenture Trustee’s Collateral Agent's interest in such propertythe 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 Collateral Agent as provided in this Article Article, VIII shall be bound to ascertain the Indenture Trustee’s Collateral Agent's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee Collateral Agent shall, at such time as there are no Notes outstandingoutstanding and all sums due the Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee Collateral Agent may, and when required by the provisions of this Indenture or Sale and Servicing Agreement shall, execute instruments to release property from the the, lien of this Indenture, or convey the Indenture TrusteeCollateral Agent’s interest in such propertythe 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 Collateral Agent as provided in this Article VIII shall be bound to ascertain the Indenture TrusteeCollateral Agent’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee Collateral Agent shall, at such time as the Note Policy shall have terminated in accordance with its terms and there are no Notes outstandingoutstanding and all sums due the Security Insurer under the Insurance Agreement and the Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees fees, expenses and expenses pursuant to Section 6.07indemnification, the Indenture Trustee may, and when required by the provisions of this Indenture or the Servicing Agreement, shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party Person relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid and (iii) all sums due the Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion Officers' Certificate and a letter from the Enhancer stating that the Enhancer has no objection to such request from the Issuer. (d) The Indenture Trustee shall surrender the Policy to the Enhancer for cancellation upon the final payment of Counsel principal of and (if required by interest on the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Notes.

Release of Trust Estate. (a) Subject to the payment of ----------------------- its fees fees, expenses and expenses indemnities pursuant to Section 6.07, the Indenture Trustee mayshall, and when required by the provisions of this Indenture shallSection 8.04(b), execute instruments (prepared by the Issuer) to release (without recourse or warranty) property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07Section 6.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Section 11.1.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections §§ 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections (S)(S) 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.0712.6 and satisfaction of the requirements of Section 2.14, the Indenture Trustee may, and shall when required by the provisions of this Indenture shallor the Servicing Agreement with respect to Removed Receivables, execute instruments to release property from the lien of this Indenture, or and convey the Indenture Trustee’s interest in such propertythe same, in a manner and under circumstances that are not inconsistent in compliance with the express provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII 5 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Trustee pursuant to Section 12.6 have been paid and all amounts owing to the Noteholders and Enhancement Providers by the Issuer have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b5.9(b) only upon receipt of an Issuer Request accompanied by an a Cofina Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees fees, expenses and expenses pursuant to Section 6.07indemnification, the Indenture Trustee may, and when required by the provisions of this Indenture or the Servicing Agreement, shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party Person relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request accompanied by an Officer’s Officers’ Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such property, 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstanding, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the 201_-_ SUBI Collection Account and or Reserve Account, as the case may be. Such release shall include delivery to the Issuer or its designee of the 201_-_ SUBI Certificate. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repurchase by the Master Servicer of a Mortgage Loan pursuant to Section 3.18 of the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingBonds Outstanding, (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid and (iii) all sums due to the Bond Insurer have been paid, release any remaining portion of the Trust Estate that secured the Notes Bonds from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request a request from the Issuing Entity accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repurchase by the Master Servicer of a Mortgage Loan pursuant to Section 3.18 of the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingBonds Outstanding and (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes Bonds from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied,.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Credit Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. The Indenture Indenture. (c) Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request request from the Issuing Entity accompanied by an Officer’s [Officers' Certificate], [an Opinion of Counsel Counsel,] and (if required by a letter from the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting Credit Enhancer, stating that the applicable requirements of Section 11.01Credit Enhancer has no objection to such request from the Issuing Entity.]

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 (as certified by an authorized officer of the Issuer in the officer’s certificate delivered to the Trustee) have been paid, release any 41 (Nissan 2014-B Indenture) remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the SellerIssuer, any funds entitled thereto then on deposit in the Collection Account and the Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel Certificate and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such property, 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, entitled thereto any funds then on deposit in the Collection Account, Payahead Account and Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections (S)(S) 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 IV hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Credit Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may beIndenture. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an request from the Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel Counsel, and (if required by the TIA) Independent Certificates in accordance with TIA Sections ss. 314(c) and 314(d)(1) meeting the applicable requirements as described herein, and a letter from the President or any Vice President or any Secretary of Section 11.01the Credit Enhancer, if any, stating that the Credit Enhancer has no objection to such request from the Issuer.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 (as certified by an authorized officer of the Issuer in the officer’s certificate delivered to the Trustee) have been paid, release any 41 (Nissan 2015-A Indenture) remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the SellerIssuer, any funds entitled thereto then on deposit in the Collection Account and the Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel Certificate and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent consistent 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due to the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as Designated Accounts (to the case may beextent such funds were subject to the Lien of this Indenture). The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections xx.xx. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections ss.ss. 314(c) and 314(d)(1) meeting the meetxxx xhe applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Trust Accounts. Such release shall include delivery to the Issuer or its designee of the 2003-A SUBI Certificate and delivery to the Securities Intermediary under the Control Agreement of a certificate evidencing the release of the lien of this Indenture and transfer of dominion and control over the Reserve Account and Reserve Account, as to the case may beOwner Trustee. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an a Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Request.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.07 and to the Swap Counterparty pursuant to the Swap Agreement, have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release or cause to or be released to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beAccounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, Certificate and an Opinion of Counsel and (and, if required by the TIA) TIA or Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting ), and otherwise in accordance with the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Trust Accounts; provided, that, any amounts on deposit in the Reserve Account and Reserve Account, as shall be distributable only to the case may beDepositor following the final distribution to the Certificateholders. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an OfficerIssuer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, entitled thereto any funds then on deposit in the Collection Account, Payahead Account and Reserve Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account Trust Accounts. Such release shall include delivery to the Issuer or its designee of the 2014-1 SUBI Certificate and delivery to the Securities Intermediary under the Control Agreement of a certificate evidencing the release of the lien of this Indenture and transfer of dominion and control over the Reserve Account, as Fund to the case may beOwner Trustee. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Request.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Note Insurer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) [The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an request from the Issuer Request accompanied by an Officer’s [Officers’ Certificate], [an Opinion of Counsel Counsel,] and (if required by a letter from the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting Note Insurer, stating that the applicable requirements of Section 11.01Note Insurer has no objection to such request from the Issuer.]

Release of Trust Estate. (a) Subject to Section 8.12 and the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the Trust and the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such property, in a manner and under circumstances that are not inconsistent with the provisions of this IndentureIndenture or the Sale and Servicing Agreement. 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 and to the Note Insurer pursuant to the Insurance Agreement have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to the Trust or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beAccounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.2(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees fees, expenses and expenses indemnities pursuant to Section 6.07, the Indenture Trustee mayshall, and when required by the provisions of this Indenture shallSection 8.04(b), execute instruments (prepared by the Issuer) to release (without recourse or warranty) property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Credit Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s CertificateOfficers' Certificate and a letter from the Credit Enhancer, an Opinion stating that the Credit Enhancer has no objection to such request from the Issuer. (d) The Indenture Trustee shall, at the request of Counsel the Issuer or the Depositor, surrender the Credit Enhancement Instrument to the Credit Enhancer for cancellation, upon final payment of principal and (if required by interest on the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Notes.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, may and when required by the provisions of this Indenture shall, shall execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent consistent 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, shall at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beDesignated Accounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b8.5(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repurchase by the Master Servicer of a Mortgage Loan pursuant to Section 3.18 of the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) Section 8.06 The Indenture Trustee shall, at such time as (i) there are no Notes Bonds outstanding, (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid and (iii) all sums due to the Bond Insurer have been paid, release any remaining portion of the Trust Estate that secured the Notes Bonds from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (a) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers’ Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied, except as otherwise provided in clause (a).

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due to the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien Lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien Lien of this Indenture pursuant to this Section 8.05(b) paragraph only upon receipt of an Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections ss.ss. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Xxxxion 11.1.

Release of Trust Estate. (a) Subject to the payment of its fees fees, expenses and expenses pursuant to Section 6.07indemnities, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repossession by the Servicer of an Asset pursuant to Section 3.11 of the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements have been satisfied, except releases to the Servicer pursuant to Section 3.11 of Section 11.01the Servicing Agreement.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee Collateral Agent may, and when required by the provisions of this Indenture or Sale and Servicing Agreement shall, execute instruments to release property from the the, lien of this Indenture, or convey the Indenture Trustee’s Collateral Agent's interest in such propertythe 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 Collateral Agent as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s Collateral Agent's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee Collateral Agent shall, at such time as the Note Policy shall have terminated in accordance with its terms and there are no Notes outstandingoutstanding and all sums due the Security Insurer under the Insurance Agreement and the Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.1.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture or the Servicing Agreement shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, and (iii) all sums due the Credit Enhancer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s CertificateOfficers' Certificate and a letter from the Credit Enhancer, an Opinion stating that the Credit Enhancer has no objection to such request from the Issuer. (d) The Indenture Trustee shall, at the request of Counsel the Issuer or the Depositor, surrender the Policy to the Credit Enhancer for cancellation, upon final payment of principal of and (if required by interest on the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Class II Notes.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(css.sx. 004(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any repurchase by the Seller of a Mortgage Loan pursuant to Sections 2.02 or 3.21 of the Sale and Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding and (ii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request which, except in the case of a repurchase of a Mortgage Loan pursuant to Sections 2.02 or 3.21 of the Sale and Servicing Agreement, shall also be accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to Issuer or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve AccountTrust Accounts. Indenture Trustee shall release 1. Each Noteholder or Note Owner, as by its acceptance of a Note or, in the case may be. The of a Note Owner, a beneficial interest in a Note, acknowledges that from time to time the Indenture Trustee shall release property from the lien of this Indenture pursuant on any Receivable to this Section 8.05(bbe sold to (i) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates Seller in accordance with TIA Sections 314(cSection 3.3 of the Sale and Servicing Agreement and (ii) to Servicer in accordance with Section 4.7 of the Sale and 314(d)(1) meeting the applicable requirements of Section 11.01Servicing Agreement.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, [and (iii) all sums due the Credit Enhancer have been paid], release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an request from the Issuer Request accompanied by an Officer’s [Officers' Certificate], [an Opinion of Counsel Counsel,] and (if required by a letter from the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting Credit Enhancer, stating that the applicable requirements of Section 11.01Credit Enhancer has no objection to such request from the Issuer.]

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.076.7, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid in full, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.4(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel addressed to the Indenture Trustee and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.0111.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 IV hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding, (ii) all sums due the Indenture Trustee pursuant to this Indenture have been paid, [and (iii) all sums due the Credit Enhancer have been paid,] release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may beIndenture. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an request from the Issuer Request accompanied by an Officer’s Officers' Certificate, an Opinion of Counsel Counsel, and (if required by the TIA) Independent Certificates in accordance with TIA Sections ss. 314(c) and 314(d)(1314(d) (1) meeting the applicable requirements of Section 11.01.as described herein[, and a letter from the President or any Vice President or

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe same, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture, including for the purposes of any purchase of a Mortgage Loan by the Majority Certificateholder pursuant to Section 8.06 of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII hereunder shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) it is notified by the Securities Administrator that there are no Notes outstandingOutstanding and (ii) all sums then due and unpaid to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion a request from the Issuing Entity or in conjunction with a sale or other transfer of Counsel and (if such property required by to occur for the TIA) Independent proposed transfer of Privately Offered Notes or Certificates in accordance connection with TIA Sections 314(c) a REMIC Conversion, as described in Section 11.01 herein and 314(d)(1) meeting in the applicable requirements of Section 11.01Trust Agreement.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account Trust Accounts. Such release shall include delivery to the Issuer or its designee of the [____]-[_] SUBI Certificate and delivery to the Securities Intermediary under the Control Agreement of a certificate evidencing the release of the lien of this Indenture and transfer of dominion and control over the Reserve Account, as Fund to the case may beOwner Trustee. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.Request. ARTICLE NINE SUPPLEMENTAL INDENTURES

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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 moneysmonies. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account Trust Accounts. Such release shall include delivery to the Issuer or its designee of the [____]-[_] SUBI Certificate and delivery to the Securities Intermediary under the Control Agreement of a certificate evidencing the release of the lien of this Indenture and transfer of dominion and control over the Reserve Account, as Fund to the case may beOwner Trustee. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01Request.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in such propertythe 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. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingoutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer Issuer, or, in the case of the Reserve Account or the Yield Supplement Account, to the Seller, any funds entitled thereto then on deposit in the Collection Account, the Reserve Account and Reserve the Yield Supplement Account, as the case may be. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel Certificate and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s 's Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections SectionSection 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.

Release of Trust Estate. (a) Subject to the payment of its fees and expenses pursuant to Section 6.07expenses, the Indenture Trustee may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 hereunder shall be bound to ascertain the Indenture Trustee’s 's authority, inquire into the satisfaction of any conditions precedent precedent, or see to the application of any moneysmonies. (b) The Indenture Trustee shall, at such time as (i) there are no Notes outstandingOutstanding[, (ii) all sums due to the Note Insurer have been paid] and (iii) all sums due to the Indenture Trustee pursuant to this Indenture have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, any funds then on deposit in the Collection Account and Reserve Account, as the case may be. Indenture. (c) The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b) 8.05 only upon receipt of an a request from the Issuer Request accompanied by an Officer’s Certificate, Officers' Certificate and an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the stating that all applicable requirements of Section 11.01have been satisfied.

Release of Trust Estate. (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 shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee’s 's interest in such propertythe 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 's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstandingOutstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid and all amounts due to the Note Insurer have been paid, release any remaining portion of the Trust Estate that secured the Notes from the lien of this Indenture and release to or to the order of the Issuer or, in the case of the Reserve Account, to the Seller, or any other Person entitled thereto any funds then on deposit in the Collection Account and Reserve Account, as the case may beTrust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.05(b8.04(b) only upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.01.upon