Common use of Reliance Letters Clause in Contracts

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 a rating agency.

Appears in 5 contracts

Samples: Underwriting Agreement (Carmax Auto Funding LLC), Underwriting Agreement (CarMax Auto Owner Trust 2010-3), Underwriting Agreement (CarMax Auto Owner Trust 2011-3)

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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 a rating agencyeither Rating Agency.

Appears in 5 contracts

Samples: 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 a rating agencyeither Rating Agency.

Appears in 4 contracts

Samples: Underwriting Agreement (CarMax Auto Owner Trust 2008-2), Underwriting Agreement (CarMax Auto Owner Trust 2007-3), Underwriting Agreement (Carmax Auto Funding LLC)

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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 a rating agencyany Rating Agency.

Appears in 1 contract

Samples: Underwriting Agreement (CarMax Auto Owner Trust 2009-1)

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