Common use of Appointment of Account Bank Clause in Contracts

Appointment of Account Bank. The Indenture Trustee and each Noteholder hereby irrevocably designate and appoint State Street Trust Bank and Trust Company of Connecticut, National Association as the Account Bank under this Indenture (the "Account Bank"). The Account Bank hereby agrees to act as "securities intermediary" (within the meaning of Section 8-102(a)(14) of the UCC) with respect to the Indenture Trustee's Account. The Owner Lessor hereby acknowledges that the Account Bank shall act as securities intermediary with respect to the Indenture Trustee's Account pursuant to this Indenture. The Account Bank shall not have duties or responsibilities except those expressly set forth in Sections 3.11 and 3.12 of this Indenture. The Indenture Trustee, at the written direction of a Majority in Interest of Noteholders, may remove and replace the Account Bank pursuant to the terms of Section 7.1(a) and direct such Account Bank according to the terms of this Indenture.

Appointment of Account Bank. The Indenture Trustee and each Noteholder hereby irrevocably designate and appoint State Street The Bank of New York Trust Bank and Trust Company of ConnecticutCompany, National Association N.A., as the Account Bank under this Indenture (the "“Account Bank"”). The Account Bank hereby agrees to act as "“securities intermediary" ” (within the meaning of Section 8-102(a)(14) of the UCC) with respect to the Indenture Trustee's ’s Account. The Owner Lessor hereby acknowledges that the Account Bank shall act as securities intermediary with respect to the Indenture Trustee's ’s Account pursuant to this Indenture. The Account Bank shall not have duties or responsibilities except those expressly set forth in Sections 3.11 and 3.12 of this Indenturehereof. The Indenture Trustee, at the written direction of a Majority in Interest of Noteholders, may remove and replace the Account Bank pursuant to the terms of Section 7.1(a) hereof and direct such Account Bank according to the terms of this Indenture.