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 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 314c 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 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 314c 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 The Indenture Trustee may, and when required by the Issuer Trust and the provisions of this Indenture shall, 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 IndentureIndenture and the Servicing Agreement. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII 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 Trustee Indenture Trustee, the Note Insurer pursuant to Section 6.7 the Insurance Agreement and the Letter of Credit Bank pursuant hereto and the Letter of Credit and Reimbursement Agreement have each been paid, release any remaining portion of the related Series Trust Estate Property that secured the Notes Note from the lien of this Indenture and release to the Issuer Trust or any other Person entitled thereto any funds then on deposit in the Trust AccountsCollection Account and any subaccounts thereof as may have been established pursuant to Section 3.02(b). The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.2(b4.03(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 314c ▇▇.▇▇. 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.110.05 hereof.

Release of Trust Property. (a) Subject to the payment of its fees and expenses pursuant to Section 6.7, the Indenture Trustee maymay after the Termination Date, and when required by the Issuer and 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 moniesmoneys. (b) The Indenture Trustee shall, at such time as there are no Notes outstanding and all amounts owing to the Note Insurer under the Basic Documents have been paid and all sums due the Indenture Trustee pursuant to Section 6.7 have been paid, release any remaining portion of the related Series Trust Estate that secured the Notes Collateral 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 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, an Opinion of Counsel and (if required by the TIA) Independent Certificates in accordance with TIA 314c ss.ss. 314(c) and 314(d)(1) meeting the applicable requirements of Section Sec▇▇▇▇ 11.1.

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 314c Sections 314(c) and 314(d)(1) meeting the applicable requirements of Section 11.111.