Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 86 contracts
Sources: Indenture (CarMax Auto Owner Trust 2025-4), Indenture (CarMax Auto Owner Trust 2025-4), Indenture (Carmax Auto Funding LLC)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 46 contracts
Sources: Indenture (Mercedes-Benz Auto Receivables Trust 2025-1), Indenture (Mercedes-Benz Auto Receivables Trust 2025-1), Indenture (Daimler Trucks Retail Trust 2024-1)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s Issuer's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 25 contracts
Sources: Indenture (Bear Stearns Asset Backed Whole Auto Loan Trust 2004-1), Indenture (Usaa Federal Savings Bank), Indenture (Usaa Federal Savings Bank Usaa Auto Owner Trust 2001-1)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 22 contracts
Sources: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two L P), Indenture (Ford Credit Auto Receivables Two L P)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 21 contracts
Sources: Indenture (CarMax Auto Owner Trust 2015-4), Indenture (CarMax Auto Owner Trust 2015-3), Indenture (CarMax Auto Owner Trust 2015-2)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 6 contracts
Sources: Indenture (Pooled Auto Securities Shelf LLC), Indenture (Carmax Auto Funding LLC), Indenture (Carmax Auto Funding LLC)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 6 contracts
Sources: Indenture (Wachovia Auto Owner Trust 2005-B), Indenture (Wachovia Auto Owner Trust 2005-A), Indenture (Wachovia Auto Owner Trust 2006-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 5 contracts
Sources: Indenture (Mmca Auto Receivables Inc), Indenture (Mmca Auto Receivables Inc), Indenture (Mmca Auto Receivables Inc)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents14.01, the Indenture Trustee shall release property from the lien Lien of this Indenture only in accordance hereby with the Transaction Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 14.01 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 5 contracts
Sources: Indenture (Capital One Auto Receivables Trust 2001-B), Indenture (Capital One Auto Receivables LLC), Indenture (Capital One Auto Finance Trust 2002-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture TrusteeIssuer’s obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 4 contracts
Sources: Indenture (Usaa Acceptance LLC), Indenture (USAA Auto Owner Trust 2008-1), Indenture (USAA Auto Owner Trust 2007-2)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 3 contracts
Sources: Indenture (WDS Receivables LLC), Indenture (Wachovia Auto Loan Owner Trust 2007-1), Indenture (Wachovia Auto Owner Trust 2008-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only in accordance with the Basic Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 3 contracts
Sources: Indenture (Ace Securities Corp Rv & Marine Trust 2001-Rv1), Indenture (Amsouth Auto Receivables LLC), Indenture (Wells Fargo Auto Receivables Corp)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections (S)(S) 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Amsouth Auto Receivables LLC), Indenture (Amsouth Auto Corp Inc)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2021-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2021-A), Indenture (Mercedes-Benz Auto Lease Trust 2021-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only in accordance with the Basic Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Wells Fargo Financial Auto Owner Trust 2005-A), Indenture (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2016-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2016-A), Indenture (Mercedes-Benz Auto Lease Trust 2016-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s Issuer's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Volkswagen Public Auto Loan Securitization LLC), Indenture (Vw Credit Leasing LTD)
Release of Collateral. Subject to Section 11.1 and the --------------------- terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Pooled Auto Securities Shelf LLC), Indenture (Pooled Auto Securities Shelf LLC)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 201_-[__] Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Daimler Trust), Indenture (Daimler Trust)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2019-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2019-B), Indenture (Mercedes-Benz Auto Lease Trust 2019-B)
Release of Collateral. Subject to Section Section 11.1 and the terms of the Transaction Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (CarMax Auto Owner Trust 2012-2), Indenture (CarMax Auto Owner Trust 2012-1)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2020-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2020-B), Indenture (Mercedes-Benz Auto Lease Trust 2020-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2017-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2017-A), Indenture (Mercedes-Benz Auto Lease Trust 2017-A)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien Lien of this Indenture only in accordance with the Basic Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Bond Securitization LLC), Indenture (M&i Auto Loan Trust 2002-1)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2016-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2016-B), Indenture (Mercedes-Benz Auto Lease Trust 2016-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2024-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2024-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2024-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2024-B), Indenture (Mercedes-Benz Auto Lease Trust 2024-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2018-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2018-B), Indenture (Mercedes-Benz Auto Lease Trust 2018-B)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Daimler Benz Vehicle Receivables Corp), Indenture (Daimler Benz Vehicle Receivables Corp)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2025-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2025-A), Indenture (Mercedes-Benz Auto Lease Trust 2025-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2019-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2019-A), Indenture (Mercedes-Benz Auto Lease Trust 2019-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2020-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2020-A), Indenture (Mercedes-Benz Auto Lease Trust 2020-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (WDS Receivables LLC), Indenture (Wachovia Auto Loan Owner Trust 2008-1)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2018-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2018-A), Indenture (Mercedes-Benz Auto Lease Trust 2018-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2015-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2015-A), Indenture (Mercedes-Benz Auto Lease Trust 2015-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2015-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2015-B), Indenture (Mercedes-Benz Auto Lease Trust 2015-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2023-A Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2023-A), Indenture (Mercedes-Benz Auto Lease Trust 2023-A)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2021-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2021-B), Indenture (Mercedes-Benz Auto Lease Trust 2021-B)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction other 2025-B Basic Documents, the Indenture Trustee shall release property from the lien Lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and and, if required by Section 11.01, Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the lien Lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 2 contracts
Sources: Indenture (Mercedes-Benz Auto Lease Trust 2025-B), Indenture (Mercedes-Benz Auto Lease Trust 2025-B)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officers' Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections Section Section 314(c) and 314(d)(1314(d)(l) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Lease Trustee’s 's obligations under TIA Sections Section Section 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Sources: Indenture (RCL Trust 1996 1)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections ▇▇.▇▇. 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) Order accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture TrusteeIssuer’s obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) Order accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Trustee’s Issuer's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release 8 Indenture 2007-1 property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(css.s▇. ▇▇4(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Sources: Indenture (Volkswagen Public Auto Loan Securitization LLC)
Release of Collateral. Subject to Section 11.1 11.01 and the terms of the Transaction Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by it of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections ss.ss. 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent suc▇ ▇▇▇ependent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an any exemptive order under TIA Section ss. 304(d) modifying the Indenture Trustee’s Issuer's obligations under TIA Sections ss.ss. 314(c) and 314(d)(1), subject to Section 11.01 and the terms ▇▇ ▇he Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only in accordance with the Basic Documents and upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an IssuerOfficer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Sources: Indenture (Bank One Auto Securitization Trust 2003-1)
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Release of Collateral. Subject to Section 11.1 and the terms of the Transaction Documents11.1, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt of an Issuer Request (which shall include delivery instructions and other relevant information) accompanied by an Issuer’s Officer's Certificate, an Opinion opinion of Counsel and Independent Certificates in accordance with TIA Sections ▇▇.▇▇. 314(c) and 314(d)(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. If the Commission shall issue an exemptive order under TIA Section 304(d) modifying the Indenture Owner Trustee’s 's obligations under TIA Sections 314(c) and 314(d)(1), subject to Section 11.1 and the terms of the Basic Documents, Indenture Trustee shall release property from the lien of this Indenture in accordance with the conditions and procedures set forth in such exemptive order.
Appears in 1 contract
Sources: Indenture (Bond Securitization LLC)