Reliance Letters. At the Closing Time, counsel to CarMax and the Depositor shall provide reliance letters to the Underwriters relating to each legal opinion relating to the transaction contemplated hereby rendered to either Trustee or either Rating Agency.
Appears in 5 contracts
Sources: Underwriting Agreement (CarMax Auto Owner Trust 2004-2), Underwriting Agreement (CarMax Auto Owner Trust 2004-1), Underwriting Agreement (Carmax Auto Funding LLC)
Reliance Letters. At the Closing Time, counsel to CarMax LLC and the Depositor shall provide reliance letters to the Underwriters relating to each legal opinion relating to the transaction contemplated hereby rendered to either Trustee or either Rating Agencya rating agency.
Appears in 5 contracts
Sources: Underwriting Agreement (Carmax Auto Funding LLC), Underwriting Agreement (CarMax Auto Owner Trust 2011-3), Underwriting Agreement (CarMax Auto Owner Trust 2011-2)
Reliance Letters. At the Closing Time, counsel to CarMax LLC and the Depositor shall provide reliance letters to the Underwriters relating to each legal opinion relating to the transaction contemplated hereby rendered to either Trustee or either Rating Agency.
Appears in 4 contracts
Sources: Underwriting Agreement (CarMax Auto Owner Trust 2008-2), Underwriting Agreement (Carmax Auto Owner Trust 2007-1), Underwriting Agreement (Carmax Auto Funding LLC)
Reliance Letters. At the Closing Time, counsel to CarMax LLC and the Depositor shall provide reliance letters to the Underwriters relating to each legal opinion relating to the transaction contemplated hereby rendered to either Trustee or either any Rating Agency.
Appears in 1 contract
Sources: Underwriting Agreement (CarMax Auto Owner Trust 2009-1)