Common use of Release of Trust Property Clause in Contracts

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. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Trust Collateral Agent 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 Indenture. No party relying upon an instrument executed by the Trust Collateral Agent Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Trust Collateral Agent's Indenture Trustees authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies. (b) . The Trust Collateral Agent Indenture Trustee shall, at such time as: (i) as there are no Notes outstanding, (ii) outstanding and all sums due the Indenture 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 related Series Trust Property 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 and the Spread AccountAccounts. The Indenture 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 Officers Certificate, an Opinion of CounselCounsel and (if required by the TIA) Independent Certificates in accordance with TIA Section 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.1.

Release of Trust Property. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Trust Collateral Agent 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 Indenture. No party relying upon an instrument executed by the Trust Collateral Agent Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Trust Collateral AgentIndenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies. (b) The Trust Collateral Agent Indenture Trustee shall, at such time as: (i) as there are no Notes outstanding, (ii) outstanding and all sums due the Indenture 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 related Series Trust Property 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 and the Spread AccountAccounts. The Indenture 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 Certificate, an Opinion of Counsel.Counsel and (if required by the TIA) Independent Certificates in accordance with TIA 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.1. SECTION 8.3

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) as there are no Notes outstanding, (ii) outstanding and all sums due the Trustee pursuant to Section 6.7 have been paid, paid and (iiia) the Note Policy has expired in accordance with its own terms and (ivb) 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 AccountAccounts. 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. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Trust Collateral Agent 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 Indenture. No party relying upon an instrument executed by the Trust Collateral Agent Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Trust Collateral AgentIndenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies. (b) The Trust Collateral Agent Indenture Trustee shall, at such time as: (i) as there are no Notes outstanding, (ii) outstanding and all sums due the Indenture 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 related Series Trust Property 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 and the Spread AccountAccounts. The Indenture 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 Certificate, an Opinion of Counsel.Counsel and (if required by the TIA) Independent Certificates in accordance with TIA 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.1. SECTION

Release of Trust Property. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Trust Collateral Agent 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 Indenture. No party relying upon an instrument executed by the Trust Collateral Agent Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Trust Collateral AgentIndenture Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies. (b) The Trust Collateral Agent Indenture Trustee shall, at such time as: (i) as there are no Notes outstandingOutstanding, (ii) the Note Policy has terminated in accordance with its terms and all sums due the Indenture 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 pursuant to the Insurance Agreement or and the other Basic Documents have been paid in fullpaid, release any remaining portion of the Series Trust Property 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 and the Spread AccountAccounts. The Indenture 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 Certificate, an Opinion of CounselCounsel 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 11.1.

Release of Trust Property. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Trust Collateral Agent 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 Trust Collateral Agent Trustee as provided in this Article VIII shall be bound to ascertain the Trust Collateral AgentTrustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies. (b) The Trust Collateral Agent Trustee shall, at such time as: (i) as there are no Notes outstanding, (ii) outstanding and 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 related Series Trust Property 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 and the Spread AccountAccounts. 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 Certificate, an Opinion of CounselCounsel 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 11.1.