OWNER TRUSTEES Sample Clauses

OWNER TRUSTEES. Each Owner Trustee hereby represents and warrants to the Security Trustee and each Lender that it (i) is a banking corporation duly organized and validly existing in good standing under the laws of the jurisdiction of its incorporation and (ii) has the corporate power and authority to execute and deliver this Agreement and each other Financing Document to which it is a party.
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OWNER TRUSTEES. Serial No. Owner Trustee ---------- ------------- 21247 First Security Bank, National Association * 21248 First Security Bank, National Association * 21249 First Security Bank, National Association * 21363 First Security Bank, National Association * 21366 First Security Bank, National Association * 47248 First Security Bank, National Association * 47029 First Security Bank, National Association * 47344 First Security Bank, National Association * ---------------------------- * Formerly known as First Security Bank of Utah, National Association SCHEDULE 5(b) CONSENTS Lessee Owner Trustee Serial No. Lessee Consent Required Release Needed ---------- ------ ---------------- -------------- 21247 Continental No Yes 21248 Continental No Yes 21249 Continental No Yes 21363 Continental No Yes 21366 Continental No Yes 47248 TWA Yes, must transfer to newly Yes created trust 47029 TWA Yes, must transfer to newly Yes created trust 47344 TWA Yes, must transfer to newly Yes created trust SCHEDULE 5(d) ASSIGNOR CLAIMS None SCHEDULE 5(g) PENDING LITIGATION
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OWNER TRUSTEES. Serial No. Owner Trustee ----------- ------------------------------------------- 21996 First Security Bank, National Association * 22026 None ------------------------------ * Formerly known as First Security Bank of Utah, National Association SCHEDULE 5(b) CONSENTS Lessee Owner Trustee Serial No. Air Carrier Consent Required Release Needed ---------- ----------- ---------------- -------------- 21996 ATA No Yes 22026 British Air Yes N/A SCHEDULE 5(d) ASSIGNOR CLAIMS None SCHEDULE 5(g) PENDING LITIGATION
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OWNER TRUSTEES. Serial No. Owner Trustee ----------- ------------------------------------------- 19711 First Security Bank, National Association * 20236 First Security Bank, National Association * 20807 None 21694 None 21335 None 21336 None 45791 First Security Bank, National Association * 47111 First Security Bank, National Association * 47112 First Security Bank, National Association * 47521 First Security Bank, National Association * 47524 First Security Bank, National Association * 22983 First Security Bank, National Association * 22001 First Security Bank, National Association * ---------------------------- * Formerly known as First Security Bank of Utah, National Association SCHEDULE 5(b) CONSENTS Lessee Owner Trustee Serial No. Lessee Consent Required Release Needed ---------- ------ ---------------- -------------- 19711 N/A N/A Yes 20236 N/A N/A Yes 20807 TBG Airways Yes, Lessee must sign lease N/A novation agreement 21694 TBG Airways Yes, Lessee must sign lease N/A novation agreement 21335 GB Airways Yes, Lessee must sign lease N/A novation agreement 21336 GB Airways Yes, Lessee must sign lease N/A novation agreement 45791 Continental No Yes 47111 Continental No Yes 47112 Continental No Yes 47521 Continental No Yes 47524 Continental No Yes 22983 ATA No Yes 22001 ATA No Yes SCHEDULE 5(d) ASSIGNOR CLAIMS None SCHEDULE 5(g) PENDING LITIGATION
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OWNER TRUSTEES. Serial No. Owner Trustee ----------- ------------------------------------------- 21345 First Security Bank, National Association * 21601 First Security Bank, National Association * 19733 First Security Bank, National Association * 20925 First Security Bank, National Association * 21117 First Security Bank, National Association * 21447 First Security Bank, National Association * 21448 First Security Bank, National Association * 21533 First Security Bank, National Association * 21534 First Security Bank, National Association * 21999 First Security Bank, National Association * 23014 First Security Bank, National Association * 22162 First Security Bank, National Association * ------------------------------ * Formerly known as First Security Bank of Utah, National Association SCHEDULE 5(b) CONSENTS Serial Lessee Owner Trustee No. Lessee Consent Required Release Needed --- ------ ---------------- -------------- 21345 Sun Country No No 21601 Sun Country No No 19733 Polar Air Yes Yes; Trust established for Cargo Beneficiary A(PAIF V) and Beneficiary B(PHC); must subdivide Trust and also obtain consent of Beneficiary B 20925 N/A No Yes; Trust established for Beneficiary A (PAIF V) and Beneficiary B (PHC); must subdivide Trust and also obtain consent of Beneficiary B 21117 N/A N/A Yes 21447 Southwest No Yes 21448 Southwest No Yes 21533 Southwest No Yes 21534 Southwest No Yes 21999 ATA No Yes 23014 ATA No Yes 22162 ATA No Yes SCHEDULE 5(d) ASSIGNOR CLAIMS 21345 Sun Country has experienced a change of control and is currently not in compliance under operative agreements. 21601 Sun Country has experienced a change of control and is currently not in compliance under operative agreements. 19733 Polar Air Cargo is chronically late in making payments but no default has been declared due to the late payments. SCHEDULE 5(g) PENDING LITIGATION
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Related to OWNER TRUSTEES

  • The Owner Trustee Section 3.01.

  • Owner Trustee The name and business address of the sole trustee of the Trust in the State of Delaware is U.S. Bank Trust National Association, 000 Xxxxxxxx Xxxxxx, 0xx Xxxxx, Xxxxxxxxx Xxxxx, Xxxxxxxxxx, Xxxxxxxx 00000.

  • Owner Trustee Opinion The Representatives will have received an opinion addressed to the Representatives, the Depositor and Ford Credit of Xxxxxxxx, Xxxxxx & Finger P.A. (or such other counsel satisfactory to the Representatives in their reasonable judgment), counsel to the Owner Trustee, dated the Closing Date and satisfactory in form and substance to the Representatives and their counsel, addressing such matters as the Representatives may request and substantially to the effect that:

  • Series Trustees In connection with the establishment of one or more Series or Classes, the Trustees establishing such Series or Class may appoint, to the extent permitted by the 1940 Act, separate Trustees with respect to such Series or Classes (the “Series Trustees”). Series Trustees may, but are not required to, serve as Trustees of the Trust of any other Series or Class of the Trust. To the extent provided by the Trustees in the appointment of Series Trustees, the Series Trustees may have, to the exclusion of any other Trustee of the Trust, all the powers and authorities of Trustees hereunder with respect to such Series or Class, but may have no power or authority with respect to any other Series or Class (unless the Trustees permit such Series Trustees to create new Classes within such Series). Any provision of this Trust Instrument relating to election of Trustees by Shareholders shall entitle only the Shareholders of a Series or Class for which Series Trustees have been appointed to vote with respect to the election of such Trustees and the Shareholders of any other Series or Class shall not be entitled to participate in such vote. If Series Trustees are appointed, the Trustees initially appointing such Series Trustees may, without the approval of any Outstanding Shares, amend either this Trust Instrument or the By-laws to provide for the respective responsibilities of the Trustees and the Series Trustees in circumstances where an action of the Trustees or Series Trustees affects all Series and Classes of the Trust or two or more Series or Classes represented by different Trustees.

  • Replacement of Owner Trustee The Owner Trustee may at any time resign and be discharged from the trusts hereby created by giving 30 days prior written notice thereof to the Depositor. Upon receiving such notice of resignation, the Depositor shall promptly appoint a successor Owner Trustee, by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Owner Trustee and to the successor Owner Trustee. If no successor Owner Trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Owner Trustee may petition any court of competent jurisdiction for the appointment of a successor Owner Trustee. If at any time the Owner Trustee shall cease to be eligible in accordance with the provisions of Section 9.01 and shall fail to resign after written request therefor by the Depositor, or if at any time the Owner Trustee shall be legally unable to act, or shall be adjudged bankrupt or insolvent, or a receiver of the Owner Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Owner Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Depositor may remove the Owner Trustee. Any resignation or removal of the Owner Trustee and appointment of a successor Owner Trustee pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor Owner Trustee pursuant to Section 9.03 and payment of all fees and expenses owed to the outgoing Owner Trustee. The Depositor shall provide notice of such resignation or removal of the Owner Trustee to each of the Rating Agencies.

  • Co-Trustees At any time or times, the Issuer and the Trustee shall have power to appoint one or more Persons to act as co-trustee (subject to the satisfaction of the S&P Rating Condition), jointly with the Trustee, of all or any part of the Assets, with the power to file such proofs of claim and take such other actions pursuant to Section 5.6 herein and to make such claims and enforce such rights of action on behalf of the Holders, as such Holders themselves may have the right to do, subject to the other provisions of this Section 6.12. The Issuer shall join with the Trustee in the execution, delivery and performance of all instruments and agreements necessary or proper to appoint a co-trustee. If the Issuer does not join in such appointment within 15 days after the receipt by them of a request to do so, the Trustee shall have the power to make such appointment. Should any written instrument from the Issuer be required by any co-trustee so appointed, more fully confirming to such co-trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Issuer. The Issuer agrees to pay, to the extent funds are available therefor under Section 11.1(a)(i)(A), for any reasonable fees and expenses in connection with such appointment. Every co-trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following terms:

  • Owner Trustee Not Liable for Trust Certificates The recitals contained herein and in the Trust Certificates (other than the signature of the Owner Trustee and the certificate of authentication on the Trust Certificates and its representations and warranties in Section 7.03) shall be taken as the statements of the Transferor and the Owner Trustee assumes no responsibility for the correctness thereof. The Owner Trustee makes no representations as to the validity or sufficiency of this Agreement, any other Basic Document or the Trust Certificates (other than the signature of the Owner Trustee and the certificate of authentication on the Trust Certificates) or the Notes or any offering document relating to either of them. The Owner Trustee shall at no time have any responsibility or liability for or with respect to the legality, validity or enforceability of any Basic Document to which the Owner Trustee is to be a party (except for enforceability against the Owner Trustee), or the perfection and priority of any security interest created by or under any Basic Document, or the maintenance of any such perfection and priority, or for or with respect to the sufficiency of the Owner Trust Estate or its ability to generate the payments to be distributed to Trust Certificateholders or to the Noteholders under the Indenture, or the validity of the transfer of the 20[__]-[__] SUBI Certificate to the Issuer, or for the compliance by the Transferor, the Administrator or the Servicer with any warranty or representation made under any Basic Document or for the accuracy of any such warranty or representation or for any action of the Administrator, the Servicer or the Indenture Trustee taken in the name of the Owner Trustee.

  • ACTIONS BY OWNER TRUSTEE SECTION 4.1. Prior Notice to Certificateholders with Respect to Certain Matters......................12 SECTION 4.2. Action by Certificateholders with Respect to Certain Matters............................13 SECTION 4.3. Action by Certificateholders with Respect to Bankruptcy.................................13 SECTION 4.4. Restrictions on Certificateholders' Power...............................................13 SECTION 4.5. Majority Control........................................................................13 ARTICLE V

  • Appointment of Owner Trustee The Depositor hereby appoints the Owner Trustee as trustee of the Trust effective as of the date hereof, to have all the rights, powers and duties set forth herein.

  • Appointment of the Owner Trustee The Seller hereby appoints the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein.

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