Enduro definition
Examples of Enduro in a sentence
Promptly after completion of any such sale, Enduro shall so notify the Trustee in writing.
Any purchaser of such Underlying Properties shall be the assignee of Enduro to the extent of the interest sold and shall be bound by the obligations of Enduro under this Agreement and the Conveyance to such extent.
If the Trust requires more than the $1 million under the letter of credit to pay administrative expenses, Enduro will, upon written request of the Trustee, loan funds to the Trust in such amount as is necessary to pay such Trust expenses.
To the extent permitted under the laws of such jurisdiction, Enduro and the Trustee may remove the trustee in such jurisdiction, without cause and without necessity of court proceeding, and may or may not appoint a successor trustee in such jurisdiction from time to time.
Enduro shall be solely responsible, and the Trustee and the Delaware Trustee shall have no responsibility, for the filing of the Conveyance in the real property records of any jurisdiction in which the Underlying Properties are located.
Neither Enduro nor any of its Affiliates shall be a fiduciary with respect to the Trust or the Trust Unitholders.
Enduro shall be entitled to reimbursement from the Trust for all out-of-pocket costs and expenses paid by Enduro, acting in its capacity as Agent of the Trust (including without limitation legal, accounting, engineering and printing costs), but excluding those costs and expenses specified in Section 3.12(d) and in Section 6.02(b) as costs and expenses to be paid by Enduro, promptly upon submission of written evidence thereof to the Trustee.
Enduro, the Trustee and the Delaware Trustee have caused this Agreement to be duly executed the day and year first above written.
Upon the formation of the Trust, Enduro paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement.
All other organizational expenses of the Trust will be paid by Enduro, and Enduro shall not be entitled to reimbursement thereof.