Appointment to Fill a Vacancy in Office of Indenture Trustee. The Owner Trustee, whenever necessary to avoid or fill a vacancy in the office of Indenture Trustee, will, with the consent of the Lessee, appoint, in the manner provided in Section 12.02 hereof, an Indenture Trustee, so that there shall at all times be an Indenture Trustee hereunder.
Appears in 14 contracts
Samples: Trust Indenture and Security Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp), Participation Agreement (Atlantic Coast Airlines Inc)
Appointment to Fill a Vacancy in Office of Indenture Trustee. The Owner Trustee, whenever necessary to avoid or fill a vacancy in the office of Indenture Trustee, will, with the consent of the Lessee, appoint, in the manner provided in Section 12.02 9.7 hereof, an Indenture Trustee, so that there shall at all times be an Indenture Trustee hereunder; provided, however, that no such consent of the Lessee shall be required if a Payment Default, Bankruptcy Default or Lease Event of Default has occurred and is continuing.
Appears in 1 contract
Appointment to Fill a Vacancy in Office of Indenture Trustee. The Owner Trustee, whenever necessary to avoid or fill a vacancy in the office of Indenture Trustee, will, with the consent and at the expense of the Lessee, appoint, in the manner provided in Section 12.02 hereof, an Indenture Trustee, so that there shall at all times be an Indenture Trustee hereunder.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Federal Express Corp)
Appointment to Fill a Vacancy in Office of Indenture Trustee. The Owner TrusteeCompany, whenever necessary to avoid or fill a vacancy in the office of Indenture Trustee, will, with the consent of the Lessee, will appoint, in the manner provided in Section 12.02 hereof, an Indenture Trustee, so that there shall at all times be an Indenture Trustee hereunder.
Appears in 1 contract