THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE Sample Clauses

THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE. SECTION 6.01. Acceptance of Trusts and Duties............................... 70 SECTION 6.02. Absence of Duties............................................. 71 SECTION 6.03. No Representations or Warranties as to Engine or Documents............................ 71 SECTION 6.04. No Segregation of Moneys; No Interest......................... 72 SECTION 6.05. Reliance; Agents; Advice of Counsel........................... 72 SECTION 6.06. Capacity in Which Acting...................................... 73 SECTION 6.07. Compensation.................................................. 73 (ii) SECTION 6.08. May Become Note Holder........................................ 74 SECTION 6.09. Further Assurances; Financing Statements..................................... 74 ARTICLE VII
Sample 1See All (8)
AutoNDA by SimpleDocs
THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE. 56 SECTION 6.01.Acceptance of Trusts and Duties. .....................56 SECTION 6.02.Absence of Duties. ...................................57 SECTION 0.00.Xx Representations or Warranties as to Aircraft or Documents. ......................................58 SECTION 0.00.Xx Segregation of Monies; No Interest.................58 SECTION 0.00.Xxxxxxxx; Agreements;
Sample 1See All (7)
THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE. SECTION 6.01. Acceptance of Trusts and Duties..............................52
Sample 1Sample 2See All (4)
THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE. Section 7.01. Acceptance of Trusts and Duties....................................................... 30 Section 7.02. Absence of Duties..................................................................... 31 Section 7.03. No Representations or Warranties as to the Equipment or Documents..................... 31
Sample 1See All (4)
THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE. 56 SECTION 6.01. Acceptance of Trusts and Duties. . . . . . 56 SECTION 6.02. Absence of Duties. . . . . . . . . . . . . 57 SECTION 6.03. No Representations or Warranties as to Aircraft or Documents. . . . . . . . . . . . 58 SECTION 6.04. No Segregation of Monies; No Interest. . . . 58 SECTION 6.05.
Sample 1
THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE. SECTION 6.01. Acceptance of Trusts and Duties 74 SECTION 6.02. Absence of Duties 75 SECTION 6.03. No Representations or Warranties as to Aircraft or Documents 75 SECTION 6.04. No Segregation of Moneys; No Interest 76 SECTION 6.05. Reliance; Agents; Advice of Counsel 76 SECTION 6.06. Capacity in Which Acting 77 SECTION 6.07. Compensation 77 SECTION 6.08. May Become Note Holder 78 SECTION 6.09. Further Assurances; Financing Statements 78
Sample 1
THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE. SECTION 6.01. Acceptance of Trusts and Duties 75 SECTION 6.02. Absence of Duties 75 SECTION 6.03. No Representations or Warranties as to Aircraft or Documents 76 SECTION 6.04. No Segregation of Moneys; No Interest 77 Trust Indenture
Sample 1
AutoNDA by SimpleDocs
THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE 
Sample 1Sample 2Sample 3See All (12)

Related to THE OWNER TRUSTEE AND THE INDENTURE TRUSTEE

  • Duties of the Trustee and the Certificate Administrator (a) The Trustee, prior to the occurrence of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge and after the curing or waiver of all Servicer Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Trustee shall be construed as a duty. During the continuance of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge, the Trustee, subject to the provisions of Section 7.02 and Section 7.04 of this Agreement, shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. The Certificate Administrator undertakes to perform at all times such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Certificate Administrator shall be construed as a duty.

  • The Indenture Trustee Section 6.01.

  • CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR Section 8.1

  • The Owner Trustee It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association on behalf of the Trust not individually or personally but solely as owner trustee of the Trust under the Trust Agreement of the Trust dated the date hereof in the exercise of the powers and authority conferred upon and vested in Wilmington Trust, National Association as owner trustee of the Trust under such Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as the personal representation, undertaking or agreement of Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Trust and (iii) nothing herein contained shall be construed as creating any liability on the part of Wilmington Trust, National Association, individually or personally, to perform any covenant or obligation of the Trust, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto.

  • Duties of Trustee and the Securities Administrator (a) The Trustee, except during the continuance of an Event of Default, and the Securities Administrator each undertake to perform their respective duties and only such duties as are specifically set forth in this Agreement. Any permissive right of the Trustee and the Securities Administrator provided for in this Agreement shall not be construed as a duty of the Trustee or the Securities Administrator, as the case may be. If an Event of Default has occurred and has not otherwise been cured or waived, the Trustee shall exercise such of the rights and powers vested in it by this Agreement and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs.

  • THE DEPOSITARY, THE CUSTODIANS AND THE ISSUER SECTION 5.1

  • Certain Matters Affecting the Trustee and the Certificate Administrator (a) Except as otherwise provided in Section 8.01 of this Agreement:

  • Indenture Trustee In performing its obligations under this Agreement, the Indenture Trustee is subject to, and entitled to the benefits of, the Indenture. The Indenture Trustee will not have any liability for any act or failure to act of the Administrator.

  • Limitation of Liability of Owner Trustee and Indenture Trustee (a) It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by the Trustee Bank, not individually or personally but solely as Owner Trustee, in the exercise of the powers and authority conferred and vested in it under the Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuing Entity is made and intended not as personal representations, undertakings and agreements by the Trustee Bank, but is made and intended for the purpose of binding only the Issuing Entity, (iii) nothing herein contained shall be construed as creating any liability on the Trustee Bank, individually or personally, to perform any covenant of the Issuing Entity, either expressed or implied, contained herein, all such liability of the Trustee Bank in its individual or personal capacity, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, (iv) the Trustee Bank has made no investigation into the accuracy or completeness of any representations or warranties made by the Issuing Entity in this Agreement, and (v) under no circumstances shall the Trustee Bank be personally liable for the payment of any indebtedness or expenses of the Issuing Entity under this Agreement or any other related documents.

  • Eligibility Requirements for Owner Trustee and Delaware Trustee The Owner Trustee shall at all times (i) maintain its principal place of business in the State of New York or such other location within the United States to which the Depositor shall consent in writing, (ii) be authorized to exercise corporate trust powers, (iii) have a combined capital and surplus of at least $50,000,000, (iv) be subject to supervision or examination by federal or state authorities and (v) have the Required Rating. If such person shall publish reports of condition at least annually pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purpose of this Section, the combined capital and surplus of such person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Delaware Trustee shall at all times be a Person satisfying the provisions of Section 3807(a) of the Statutory Trust Statute. In case at any time the Owner Trustee or the Delaware Trustee, as applicable, shall cease to be eligible in accordance with the provisions of this Section, the Owner Trustee or the Delaware Trustee, as applicable, shall resign immediately in the manner and with the effect specified in Section 10.02.

Time is Money Join Law Insider Premium to draft better contracts faster.