Release of Trust Property. Subject to (i) the payment of its fees and expenses pursuant to Section 6.7, (ii) upon request from the Indenture Trustee, receipt of an Officer’s Certificate and (iii) upon request from the Indenture Trustee, written direction from the Issuer, the Indenture Trustee (a) after the Termination Date, may and (b) when required by the provisions of this Indenture or from time to time when required by the provisions of the Sale and Servicing Agreement shall release, and shall direct the Trust Collateral Agent to execute instruments as may be necessary to release, property from the lien of this Indenture, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys.
Release of Trust Property. (a) This Deed of Trust and the covenants and obligations contained herein shall cease, terminate and thereafter be of no further force or effect upon the repayment in full of all principal and interest of the Loans and the LC Disbursements, all accrued fees and all other Secured Obligations, the termination of the Commitments under the Credit Agreement and the termination or cancellation of all outstanding Letters of Credit (or the cash collateralization or other support thereof in a manner satisfactory to the Beneficiary). At any time and from time to time prior to such termination of the Security Interests, the Beneficiary may release or cause the Trustee to release any of the Trust Property in accordance with the provisions of the Credit Agreement. At any time and from time to time prior to such termination of the Security Interests, the Beneficiary shall release and shall cause the Trustee to release any of the Trust Property required to be released in accordance with the provisions of Section 9.02(c) of the Credit Agreement.
(b) At any time and from time to time prior to such termination of the Security Interests as described above, unless a Default shall have occurred and be continuing prior to such termination of the Security Interests, unless a Default shall have occurred and be continuing, the Beneficiary shall release the Trust Property (but not the Proceeds thereof and not all or substantially all of the Collateral) if (i) the Beneficiary receives a certificate from a Principal Financial Officer of the Grantor stating that (x) the Trust Property to be released is being sold (or in the case of a Securitization Transaction otherwise transferred) in a transaction which complies with the applicable requirements of Sections 6.06(c) or (d) of the Credit Agreement, as the case may be, (y) such release is necessary to effect such transaction and (z) the Net Cash Proceeds of such sale or transfer will be applied to prepay Term Loans as required by Section 2.09(c), (d) and (e) of the Credit Agreement and (ii) arrangements satisfactory to the Beneficiary have been made so that such release will become effective no earlier than the closing of such sale or transfer.
(c) Upon any termination of the Security Interests pursuant to Section 7.02(a) or upon the satisfaction of the conditions set forth in Section 7.02(b), the Trustee, acting on direction from the Beneficiary, will, at the expense of the Grantor, execute and deliver to the Grantor such documents as ...
Release of Trust Property. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Trust Collateral Agent may, and when required by the Issuer and the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, 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 Trust Collateral Agent as provided in this Article VIII shall be bound to ascertain the Trust Collateral Agent's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.
(b) The Trust Collateral Agent shall, at such time as: (i) there are no Notes outstanding, (ii) all sums due the Trustee pursuant to Section 6.7 have been paid, (iii) the Note Policy has expired in accordance with its own terms and (iv) all amounts due to the Insurer under the Insurance Agreement or the other Basic Documents have been paid in full, release any remaining portion of the Trust Property that secured the Notes from the lien of this Indenture and release to the Issuer or any other Person entitled thereto any funds then on deposit in the Trust Accounts and the Spread Account. The Trustee shall release property from the lien of this Indenture pursuant to this Section 8.2(b) only upon receipt of an Issuer Request accompanied by an Officer's Certificate and an Opinion of Counsel.
Release of Trust Property. Subject to the payment of its fees and expenses pursuant to Section 6.7, the Indenture Trustee (a) after the Termination Date, may and (b) when required by the provisions of this Indenture or from time to time when required by the provisions of the Sale and Servicing Agreement shall release, and shall cause the Trust Collateral Agent to execute instruments as may be necessary to release, property from the lien of this Indenture, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys.
Release of Trust Property. Subject to the payment of its fees and expenses pursuant to Section 6.7, the Indenture Trustee may after the Class A Termination Date, and when required by the provisions of this Indenture shall, and shall cause the Trust Collateral Agent to execute instruments to release property from the lien of this Indenture, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys.
Release of Trust Property. (a) Subject to Section 8.10 and the payment of its fees and expenses pursuant to Section 6.7, the Trustee may, and when required by the Issuer and the provisions of this Pooling Agreement shall, execute instruments to release property from the lien of this Pooling Agreement, in a manner and under circumstances that are not inconsistent with the provisions of this Pooling Agreement or the Sale and Servicing Agreement. No party relying upon an instrument executed by the Trustee as provided in this Article VIII shall be bound to ascertain the Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.
(b) The Trustee shall, at such time as there are no Securities outstanding and all sums due the Trustee pursuant to Section 6.7, to Xxxxxxx Mac pursuant to this Pooling Agreement and to the Insurer pursuant to the Insurance Agreement have been paid, release any remaining portion of the Trust Property that secured the Securities from the lien of this Pooling Agreement and release to the Issuer or any other Person entitled thereto any funds then on deposit in the Accounts. The Trustee shall release property from the lien of this Pooling Agreement pursuant to this Section 8.2(b) only upon receipt of an Issuer Request accompanied by an Officer's Security, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA xx.xx. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.
Release of Trust Property. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Trustee may, and when required by the Issuer and the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, 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 Trustee as provided in this Article VIII shall be bound to ascertain the Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.
(b) The Trustee shall, at such time as there are no Notes outstanding and all sums due the Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the related Series Trust Estate that secured the Notes from the lien of this Indenture and release to the Issuer or any other Person entitled thereto any funds then on deposit in the Trust Accounts. The Trustee shall release property from the lien of this Indenture pursuant to this Section 8.2(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.
Release of Trust Property. (a) The Indenture Trustee when required by the Trust and the provisions of this Indenture shall execute instruments provided to it in order to release property from the lien of this Indenture, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture and the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article IV 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 monies.
(b) The Indenture Trustee shall, at such time as there are no Notes outstanding and all sums due the Indenture Trustee and the Note Insurer pursuant to the Insurance Agreement have each been paid, release any remaining portion of the Trust Property that secured the Note from the lien of this Indenture and release to the Trust or any other Person entitled thereto any funds then on deposit in the Collection Account, any subaccounts thereof, the Pre-Funding 24
Release of Trust Property. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Indenture Trustee may, and when required by the Issuer and the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, in a manner and under circumstances that are not inconsistent with the provisions of this 44
Release of Trust Property. Subject to the payment of its fees and expenses pursuant to Section 6.7, the Trustee or the Trust Collateral Agent, if any, may, and when required by the Issuer and the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, 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 Trustee or the Trust Collateral Agent, if any, as provided in this Article VIII shall be bound to ascertain the Trustee's or such Trust Collateral Agent's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.
