Actions of the Owner Participants. If at any time prior to the termination of this Trust Agreement there is more than one Owner Participant, then during such time, if any action is required to be taken by the Owner Participant, such action shall be taken by or on behalf of all Owner Participants and whenever any direction, authorization, approval, consent, instruction or other action is permitted to be given or taken by the Owner Participant it shall be given or taken only upon such percentage agreement of the Owner Participants as all Owner Participants may instruct the Owner Trustee.
Appears in 3 contracts
Samples: Trust Agreement (Gatx Rail Corp), Trust Agreement (General American Railcar Corp Ii), Trust Agreement (General American Railcar Corp Ii)
Actions of the Owner Participants. If at any time prior to --------------------------------- the termination of this Trust Agreement there is more than one Owner Participant, then during such time, if any action is required to be taken by the Owner Participant, such action shall be taken by or on behalf of all Owner Participants and whenever any direction, authorization, approval, consent, instruction or other action is permitted to be given or taken by the Owner Participant it shall be given or taken only upon such percentage agreement of the Owner Participants as all Owner Participants may instruct the Owner Trustee.
Appears in 1 contract
Samples: Trust Agreement (Gatx Rail Corp)
