No Duties Except as Specified. The Owner Trustee shall not be required to perform any of the obligations of the Issuer under this Agreement or the other Basic Documents that are required to be performed by (i) the Servicer under the Servicing Agreement or the SUBI Supplement, (ii) the Transferor under this Agreement, the SUBI Certificate Transfer Agreement or the Back-Up Security Agreement, (iii) the Administrator under the Issuer Administration Agreement or (iv) the Indenture Trustee under the Indenture. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any ownership or security interest in the Owner Trust Estate or to record this Agreement or any other Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any Liens (other than the Lien of the Indenture) on any part of the Owner Trust Estate that result from actions by or claims against the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
No Duties Except as Specified. Owner Trustee shall not have any duty or obligation to manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate or to otherwise take or refrain from taking any action under, or in connection with, any of the Owner Trustee Agreements, except as expressly required by the terms of any of the Owner Trustee Agreements, or (to the extent not inconsistent with the provisions of the Trust Indenture) as expressly provided by the terms hereof or in a written instruction from Owner Participant received pursuant to the terms of Section 5.1 or 5.2, and no implied duties or obligations shall be read into this Trust Agreement against Owner Trustee. First Security agrees that it will, in its individual capacity and at its own cost or expense (but without any right of indemnity in respect of any such cost or expense hereunder or under the Participation Agreement), promptly take such action as may be necessary to duly discharge and satisfy in full all Lessor Liens attributable to it in its individual capacity which it is required to discharge pursuant to Section 7.3.1 of the Participation Agreement and otherwise comply with the terms of said Section binding upon it.
No Duties Except as Specified in this Agreement or in ----------------------------------------------------- Instructions. The Owner Trustee shall not have any duty or obligation to ------------ manage, make any payment with respect to, register, record, sell, dispose of, or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Owner Trustee is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 5.3; and no implied duties or obligations shall be read into this Agreement or any Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or file any Commission filing for the Trust or to record this Agreement or any Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any Liens on any part of the Owner Trust Estate that result from actions by, or claims against, the Owner Trustee (solely in its individual capacity) and that are not related to the ownership or the administration of the Owner Trust Estate.
No Duties Except as Specified. Neither Owner Trustee shall have ----------------------------- any power, right, authority, duty or obligation to manage, control, use, make any payment in respect of, register, record, insure, inspect, sell, dispose of or otherwise deal with the Vessel or any other part of the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any Owner Trust Document or any Owner Trust U.K. Document, except as expressly provided by the terms of this Trust Agreement, the Indenture, the Owner Trust Documents or the Owner Trust U.K. Documents or in written instructions from the Owner Participant received pursuant to Sections 2.1, 2.2, 2.3, 6.1 or 6.2; and no implied duties or obligations shall be read into this Trust Agreement against the Owner Trustees. Notwithstanding and without limiting the foregoing, the Trust Company agrees that it will, in its individual capacity and at its own expense, without any right to indemnification hereunder, promptly take all action necessary to discharge and satisfy in full any Owner's Lien attributable to it on any part of the Trust Estate and will claim no indemnity therefor hereunder or under the Participation Agreement or under any other Operative Document.
No Duties Except as Specified. No Action except as Specified
No Duties Except as Specified. (a) The Trustees shall not have any duty or obligation to manage, control, use, sell, dispose of or otherwise deal with any of the LLC Interest or any other part of the Trust Estate, to perform any obligation of the Trust under any of the Operative Documents or otherwise to take or refrain from taking any action under, or in connection with, any Operative Document to which the Trust is a party, except as expressly required by the terms hereof or in written instructions received pursuant to Section 4.1 or 4.2 from the Owner; and no implied duties or obligations shall be read into this Agreement or any other Operative Document to which the Trust is a party against any of the Trustees.
No Duties Except as Specified. The Owner Trustee shall not have any duty or obligation to manage, control, use, make any payment in respect of, register, record, insure, inspect, sell, dispose of or otherwise deal with any Accepted Unit or any other part of the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any Owner Trustee Agreement or any of the other Operative Agreements, except as expressly provided by the terms of this Trust Agreement, the Indenture or the Owner Trustee Agreements or in written instructions from the Owner Participant received pursuant to Section 4.1 or 4.2; and no implied duties or obligations shall be read into this Trust Agreement against the Owner Trustee. Notwithstanding and without limiting the foregoing, Trust Company agrees that it will promptly (without any right to indemnification hereunder) take all action necessary to discharge any Lessor's Lien attributable to Trust Company on any part of the Trust Estate or Indenture Estate. Trust Company agrees to indemnify, protect, save and keep harmless the Owner Participant for, from and against any loss, cost or expense (including reasonable legal fees and expenses) incurred by the Owner Participant as a result of the imposition or enforcement of any such Lessor's Lien against the Accepted Units, any interest herein or on the Trust Estate or the Indenture Estate resulting from any Lessor's Lien attributable to Trust Company.
No Duties Except as Specified in Trust Agreement ------------------------------------------------ or Instructions. The Owner Trustee shall not have any duty or obligation to --------------- manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate, or otherwise to take or refrain from taking any action under, or in connection with any of the Operative Agreements to which the Owner Trustee is a party, except as expressly required by the terms of any of the Operative Agreements to which the Owner Trustee is a party, or as expressly provided by the terms hereof or in written instructions from the Owner Participant received pursuant to the terms of Section 5.01 or 5.02, and no implied duties or obligations shall be read into this Trust Agreement or any of the Operative Agreements to which the Owner Trustee is a party against the Owner Trustee. The Owner Trustee nevertheless agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expense under Section 7.01) promptly take such action as may be necessary duly to discharge and satisfy in full (i) its obligations under Section 5.03(b) of the Participation Agreement, (ii) any Liens (other than Lessor's Liens attributable to it in its individual capacity) created as a result of its breach of any of its obligations under this Trust Agreement (subject to the limitations on the liability of the Owner Trustee in its individual capacity set forth in Section 6.01) on any part of the Trust Estate, or on any properties of the Owner Trustee assigned, pledged or mortgaged as part of the Trust Estate, which arise from acts of the Owner Trustee in its individual capacity, the rights of Lessee under the Lease and the rights of the Owner Participant hereunder, and (iii) any other Liens or encumbrances attributable to the Owner Trustee in its individual capacity on any part of the Trust Estate which result from claims against the Owner Trustee in its individual capacity unrelated to the ownership of the Aircraft, the administration of the Trust Estate or the transactions contemplated by the Operative Agreements.
No Duties Except as Specified. The Owner Trustee shall not be required to perform any of the obligations of the Issuer under this Agreement or the other Basic Documents that are required to be performed by (i)
No Duties Except as Specified. The Eligible Lender Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, service, dispose of or otherwise deal with the Depositor Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Eligible Lender Trustee is a party, except as expressly provided by the terms of this Agreement or the Basic Documents; and no implied duties or obligations shall be read into this Agreement or any other Basic Document against the Eligible Lender Trustee. The Eligible Lender Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to prepare or to record this Agreement or any other Basic Document. The Eligible Lender Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any liens on any part of the Depositor Trust Estate that result from actions by, or claims against, _________________ in its individual capacity or as the Eligible Lender Trustee that are not related to the ownership or the administration of the Depositor Trust Estate.
