Common use of Owner Participant Clause in Contracts

Owner Participant. The Person to whom on the Delivery Date the Initial Owner Participant shall transfer its Beneficial Interest pursuant to Section 3.02 of the Original Participation Agreement and any successors thereto, and any Person to which the Owner Participant transfers, in accordance with the Trust Agreement, its right, title and interest in and to the Operative Agreements and the Lessor's Estate.

Appears in 20 contracts

Samples: Consent and Agreement (Federal Express Corp), Consent and Agreement (Federal Express Corp), Indenture and Security Agreement (Federal Express Corp)

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Owner Participant. The Person to whom on the Delivery Date (or, if earlier, the Transfer Date) the Initial Owner Participant shall transfer its Beneficial Interest pursuant to Section 3.02 of the Original Participation Agreement and any successors thereto, and any Person to which the Owner Participant transfers, in accordance with the Trust Agreement, its right, title and interest in and to the Operative Agreements and the Lessor's Estate.

Appears in 5 contracts

Samples: Assignment and Assumption Agreement (Federal Express Corp), Consent and Agreement (Federal Express Corp), Indenture and Security Agreement (Federal Express Corp)

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Owner Participant. The Person to whom on the Delivery Date the Initial Owner Participant shall transfer its Beneficial Interest pursuant to Section 3.02 of the Original Participation Agreement and any successors thereto, and any Person to which the Owner Participant transfers, in accordance with the Trust Participation Agreement, its right, title and interest in and to the Operative Agreements and the Lessor's Estate.

Appears in 4 contracts

Samples: Indenture and Security Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp), Federal Express Corp

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