Common use of Release by Comerica Clause in Contracts

Release by Comerica. Comerica (i) releases any and all rights in and to any Collections with respect to the Wachovia Pools, the 2006-1 Pools and the 2006-2 Pools, other than amounts collected under the Wachovia Pools, the 2006-1 Pools or the 2006-2 Pools which are owed to Dealers as Back-end Dealer Payments and which are subject to set off by CAC pursuant to the related Dealer Agreement and which have not been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the Wachovia Pools, the 2006-1 Pools or the 2006-2 Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, or any successor servicer to use Collections on its behalf contrary to clause (d)(i) above. Except for Back-end Dealer Payments to the extent provided in clause (c)(i) above, Comerica agrees that the lien and security interest granted to it pursuant to the CAC Credit Facility Documents does not and shall not attach to any Wachovia Pools, the 2006-1 Pools or the 2006-2 Pools and shall not assert any claim against the Wachovia Pools, the 2006-1 Pools or the 2006-2 Pools or Collections related thereto.

Release by Comerica. Comerica (i) releases any and all rights in and to any Collections with respect to the Wachovia Pools, the 20062003-1 Pools and the 20062004-2 1 Pools, other than amounts collected under the Wachovia Pools, the 20062003-1 Pools or the 20062004-2 1 Pools which are owed to Dealers as Back-end Dealer Payments and which are subject to set off by CAC pursuant to the related Dealer Agreement and which have not been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the Wachovia Pools, the 20062003-1 Pools or the 20062004-2 Pools 1 Pools, and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, or any successor servicer to use Collections on its behalf contrary to clause (d)(ic)(i) above. Except for Back-end Dealer Payments to the extent provided in clause (c)(i) above, Comerica agrees that the lien and security interest granted to it pursuant to the CAC Credit Facility Documents does not and shall not attach to any Wachovia Pools, the 20062003-1 Pools or the 20062004-2 1 Pools and shall not assert any claim against the Wachovia Pools, the 20062003-1 Pools or the 20062004-2 1 Pools or Collections related thereto.

Release by Comerica. Comerica Comerica (i) releases any and all rights in and to any Collections with respect to the Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools and the 20062007-2 Pools, other than amounts collected under the Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools or the 20062007-2 Pools which are owed to Dealers as Back-end Dealer Payments and which are subject to set off by CAC pursuant to the related Dealer Agreement and which have not been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools or the 20062007-2 Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, or any successor servicer to use Collections on its behalf contrary to clause (d)(ie)(i) above. Except for Back-end Dealer Payments to the extent provided in clause (c)(ie)(i) above, Comerica agrees that the lien and security interest granted to it pursuant to the CAC Credit Facility Documents does not and shall not attach to any Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools or the 20062007-2 Pools and shall not assert any claim against the Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools or the 20062007-2 Pools or Collections related thereto.

Release by Comerica. Comerica Comerica (i) releases any and all rights in and to any Collections with respect to the Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools, the 2007-2 Pools and the 20062008-2 1 Pools, other than amounts collected under the Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools, the 2007-2 Pools or the 20062008-2 1 Pools which are owed to Dealers as Back-end Dealer Payments and which are subject to set off by CAC pursuant to the related Dealer Agreement and which have not been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools, the 2007-2 Pools or the 20062008-2 1 Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, or any successor servicer to use Collections on its behalf contrary to clause (d)(ie)(i) above. Except for Back-end Dealer Payments to the extent provided in clause (c)(ie)(i) above, Comerica agrees that the lien and security interest granted to it pursuant to the CAC Credit Facility Documents does not and shall not attach to any Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools, the 2007-2 Pools or the 20062008-2 1 Pools and shall not assert any claim against the Wachovia Pools, the 2006-2 Pools, the 2007-1 Pools, the 2007-2 Pools or the 20062008-2 1 Pools or Collections related thereto.

Release by Comerica. Comerica (i) releases any and all rights in and to any Collections with respect to the Wachovia Pools, the 2006-1 Pools and Pools, the 2006-2 Pools and the 2007-1 Pools, other than amounts collected under the Wachovia Pools, the 2006-1 Pools or Pools, the 2006-2 Pools or the 2007-1 Pools which are owed to Dealers as Back-end Dealer Payments and which are subject to set off by CAC pursuant to the related Dealer Agreement and which have not been set off by CAC or by Comerica pursuant to the CAC Credit Facility Documents against amounts owing under the Wachovia Pools, the 2006-1 Pools or Pools, the 2006-2 Pools or the 2007-1 Pools and (ii) relinquishes all rights it has or may have to require CAC, individually or as servicer, or any successor servicer to use Collections on its behalf contrary to clause (d)(ie)(i) above. Except for Back-end Dealer Payments to the extent provided in clause (c)(ie)(i) above, Comerica agrees that the lien and security interest granted to it pursuant to the CAC Credit Facility Documents does not and shall not attach to any Wachovia Pools, the 2006-1 Pools or Pools, the 2006-2 Pools or the 2007-1 Pools and shall not assert any claim against the Wachovia Pools, the 2006-1 Pools or Pools, the 2006-2 Pools or the 2007-1 Pools or Collections related thereto.