Common use of Release of Collateral Clause in Contracts

Release of Collateral. (a) Upon satisfaction and discharge of this Indenture pursuant to Section 4.01 and otherwise as permitted by this Indenture, the Indenture Trustee shall execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's interest in the property, in a manner and under circumstances that are not inconsistent with this Indenture. No party relying on an instrument executed by the Indenture Trustee as provided in this Section 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 moneys.

Appears in 66 contracts

Samples: Indenture (Cwabs Inc Revolving Home Eq Loan Asset BKD Notes Ser 2001-B), Custodial Agreement (CWHEQ, Inc.), Indenture (Cwabs Inc Revolving Home Eq Loan Asset BKD Notes Ser 2003-C)

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Release of Collateral. (a) Upon satisfaction Subject to the payment of its fees and discharge of this Indenture expenses pursuant to Section 4.01 and otherwise as permitted by this Indenture6.7, the Indenture Trustee shall may, and when required by this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee's ’s interest in the propertysame, in a manner and under circumstances that are not inconsistent with this Indenture. No party relying on upon an instrument executed by the Indenture Trustee as provided in this Section 8.7 shall be bound to ascertain the Indenture Trustee's ’s authority, inquire into the satisfaction of any conditions precedent, precedent or see to the application of any moneysfunds.

Appears in 22 contracts

Samples: Indenture (GE Equipment Midticket LLC, Series 2011-1), Indenture (GE Equipment Transportation LLC, Series 2011-1), Indenture (GE Equipment Midticket LLC, Series 2011-1)

Release of Collateral. (a) Upon satisfaction Subject to the payment of its fees and discharge of this Indenture expenses pursuant to Section 4.01 and otherwise as permitted by this Indenture6.7, the Indenture Trustee shall may, and when required by this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee's interest in the propertysame, in a manner and under circumstances that are not inconsistent with this Indenture. No party relying on upon an instrument executed by the Indenture Trustee as provided in this Section Article shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent, precedent or see to the application of any moneysfunds.

Appears in 6 contracts

Samples: Cef Equipment Holding LLC, GE Equipment Midticket LLC, Series 2006-1, Indenture (Cef Equipment Holding Ge Commerical Equip Fin Series 2004-1)

Release of Collateral. (a) Upon satisfaction and discharge of this Indenture pursuant to Section 4.01 and otherwise as permitted by this Indenture, the Indenture Trustee shall execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's ’s interest in the property, in a manner and under circumstances that are not inconsistent with this Indenture. No party relying on an instrument executed by the Indenture Trustee as provided in this Section shall be bound to ascertain the Indenture Trustee's ’s authority, inquire into the satisfaction of any conditions precedent, or see to the application of any moneys.

Appears in 3 contracts

Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-G), Custodial Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D)

Release of Collateral. (a) Upon satisfaction Subject to the payment of its fees and discharge of this Indenture expenses pursuant to Section 4.01 and otherwise as permitted by this Indenture6.7, the Indenture Trustee shall may, and when required by this Indenture shall, execute instruments to release property from the lien Lien of this Indenture, or convey the Indenture Trustee's ’s interest in the propertysame, in a manner and under circumstances that are not inconsistent with this Indenture. No party relying on upon an instrument executed by the Indenture Trustee as provided in this Section Article shall be bound to ascertain the Indenture Trustee's ’s authority, inquire into the satisfaction of any conditions precedent, precedent or see to the application of any moneysfunds.

Appears in 3 contracts

Samples: Indenture (Cef Equipment Holding LLC), Cef Equipment Holding LLC, Cef Equipment Holding LLC

Release of Collateral. (a) Upon satisfaction and discharge The Indenture Trustee, when required by the provisions of this Indenture pursuant shall, subject to Section 4.01 and otherwise as permitted by this Indenture8.5 hereof, the Indenture Trustee shall execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's ’s interest in the propertysame, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture. No party relying on upon an instrument executed by the Indenture Trustee as provided in this Section Article VIII shall be bound to ascertain the Indenture Trustee's ’s authority, inquire into the satisfaction of any conditions precedent, precedent or see to the application of any moneys.

Appears in 2 contracts

Samples: Indenture (Chase Education Loan Trust 2007-A), Collegiate Funding of Delaware LLC

Release of Collateral. (a) Upon satisfaction Subject to the payment of its fees and discharge of this Indenture expenses pursuant to Section 4.01 and 807, the Trustee will, at the request of the Issuer or when otherwise as permitted required by the provisions of this Indenture, the Indenture Trustee shall execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's interest in the propertysame, in a manner and under circumstances that which are not inconsistent with the provisions of this Indenture. No party relying on upon an instrument executed by the Indenture Trustee as provided in this Section shall Article will be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent, precedent or see to the application of any moneysfunds.

Appears in 2 contracts

Samples: Citibank Credit Card Issuance Trust, Citibank South Dakota N A

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Release of Collateral. (a) Upon satisfaction Subject to the payment of its fees and discharge of this Indenture pursuant to Section 4.01 and otherwise as permitted by this Indentureexpenses, the Indenture Trustee shall may, and when required by the provisions of this Indenture shall, execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's interest in the propertysame, in a manner and under circumstances that which are not inconsistent with the provisions of this Indenture. No party relying on upon an instrument executed by the Indenture Trustee as provided in this Section Article VIII shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent, precedent or see to the application of any moneysmonies.

Appears in 2 contracts

Samples: Conseco Finance Credit Funding Corp, Conseco Finance Credit Card Funding Corp

Release of Collateral. (a) Upon satisfaction Subject to the payment of its fees and discharge of this Indenture expenses pursuant to Section 4.01 and 807, the Trustee will, at the request of the Issuer or when otherwise as permitted required by the provisions of this Indenture, the Indenture Trustee shall execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's interest in the propertysame, in a manner and under circumstances that which are not inconsistent with the provisions of this Indenture. No party relying on upon an instrument executed by the Indenture Trustee as provided in this Section shall Article will be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent, precedent or see to the application of any moneys.funds. 125

Appears in 1 contract

Samples: Citibank Credit Card Master Trust I

Release of Collateral. (a) Upon satisfaction The Indenture Trustee may, and discharge when required by the provisions of this Indenture pursuant to Section 4.01 or the Sale and otherwise as permitted by this IndentureServicing Agreement shall, the Indenture Trustee shall execute instruments to release property from the lien of this Indenture, or convey the Indenture Trustee's interest in the propertysame, in a manner and under circumstances that are not inconsistent with the provisions of this IndentureIndenture or the Sale and Servicing Agreement. No party relying on upon an instrument executed by the Indenture Trustee as provided in this Section Article VIII shall be bound to ascertain the Indenture Trustee's authority, inquire into the satisfaction of any conditions precedent, precedent or see to the application of any moneysmonies.

Appears in 1 contract

Samples: Indenture (Bear Stearns Asset Backed Securities Inc)

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