Common use of Authority to Execute and Perform Various Documents Clause in Contracts

Authority to Execute and Perform Various Documents. The -------------------------------------------------- Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, execute and deliver the Participation Agreement, on the Closing Date, upon receipt of the confirmation by the Owner Participant pursuant to Section 2.4 of the Participation Agreement, execute and deliver the Operative Agreements contemplated by the Participation Agreement to be executed and delivered by the Owner Trustee on the Closing Date, in the respective forms thereof in which delivered by the Owner Participant to the Owner Trustee for execution and delivery, and to take the other actions contemplated to be taken by the Owner Trustee on the Closing Date in Section 2 of the Participation Agreement, execute and deliver any other agreement, instrument or certificate contemplated by the Operative Agreements as the Owner Participant from time to time may direct in writing, subject to the terms of this Trust Agreement, exercise the rights (upon written instructions received from the Owner Participant) and perform the duties of the Owner Trustee under each of the documents, agreements, instruments and certificates referred to in this Section 2.1 as set forth in such documents, agreements, instruments and certificates, and subject to the terms of this Trust Agreement, take such other action in connection with the foregoing as the Owner Participant may from time to time direct in writing.

Appears in 1 contract

Samples: Trust Agreement (Gatx Rail Corp)

AutoNDA by SimpleDocs

Authority to Execute and Perform Various Documents. The -------------------------------------------------- Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, execute and deliver the Participation Agreement, on the Closing Date, upon receipt of the confirmation by the Owner Participant pursuant to Section 2.4 of the Participation Agreement, execute and deliver the Operative Agreements contemplated by the Participation Agreement to be executed and delivered by the Owner Trustee on the Closing Date, in the respective forms thereof in which delivered by the Owner Participant to the Owner Trustee for execution and delivery, and to take the other actions contemplated to be taken by the Owner Trustee on the Closing Date in Section 2 of the Participation Agreement, execute and deliver any other agreement, instrument or certificate contemplated by the Operative Agreements as the Owner Participant from time to time may direct in writing, subject to the terms of this Trust Agreement, exercise the rights (upon written instructions received from the Owner Participant) and perform the duties of the Owner Trustee under each of the documents, agreements, instruments and certificates referred to in this Section 2.1 as set forth in such documents, agreements, instruments and certificates, and subject to the terms of this Trust Agreement, take such other action in connection with the foregoing as the Owner Participant may from time to time direct in writing.

Appears in 1 contract

Samples: Trust Agreement (Gatx Rail Corp)

Authority to Execute and Perform Various Documents. The -------------------------------------------------- Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will(i) on the date hereof, - to execute and deliver the Participation Agreement, ; (ii) on the Closing Date, -- upon receipt of the confirmation authorization and direction by the Owner Participant pursuant to Section 2.4 2.10 of the Participation Agreement, to execute and deliver the Operative Agreements Documents contemplated by the Participation Agreement to be executed and delivered by the Owner Trustee on the Closing Date, in the respective forms thereof in which delivered by the Owner Participant to the Owner Trustee for execution Date and delivery, and to take the other actions contemplated to be taken by the Owner Trustee on the Closing Date in Section 2 of the Participation Agreement, Operative Documents; (iii) to --- execute and deliver any other agreement, instrument or certificate contemplated by the Operative Agreements as Documents (collectively, with the Operative Documents, the "Owner Participant from time to time may direct in writing, Trustee Documents"); (iv) subject to the terms of this Trust AgreementAgreement ------------------------ -- and of the other Operative Documents to which the Owner Trustee is a party, to take whatever action shall be required to be taken by the Owner Trustee by the terms of, and exercise the its rights (upon written instructions received from the Owner Participant) and perform the its duties of the Owner Trustee under under, each of the documents, agreements, instruments and certificates referred to in clauses (i), (ii) and (iii) of this Section 2.1 2 as set forth in such documents, agreements, instruments and certificates, certificates and (v) subject to the terms of this Trust Agreement- Agreement and the other Operative Documents to which it is a party, to take such other action in connection with the foregoing as the Owner Participant may from time to time direct in writingwritten instructions to the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Mobil Corp)

AutoNDA by SimpleDocs

Authority to Execute and Perform Various Documents. The -------------------------------------------------- Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will(i) on the date hereof, - to execute and deliver the Participation Agreement, ; (ii) on the Closing Funding Date, -- upon receipt of the confirmation authorization and direction by the Owner Participant pursuant to Section 2.4 2.10 of the Participation Agreement, to execute and deliver the Operative Agreements Documents contemplated by the Participation Agreement to be executed and delivered by the Owner Trustee on the Closing Date, in the respective forms thereof in which delivered by the Owner Participant to the Owner Trustee for execution Funding Date and delivery, and to take the other actions contemplated to be taken by the Owner Trustee on the Closing Funding Date in Section 2 of the Participation Agreement, Operative Documents; (iii) to --- execute and deliver any other agreement, instrument or certificate contemplated by the Operative Agreements as Documents (collectively, with the Operative Documents, the "Owner Participant from time to time may direct in writing, Trustee Documents"); (iv) subject to the terms of this Trust AgreementAgreement ------------------------ -- and of the other Operative Documents to which the Owner Trustee is a party, to take whatever action shall be required to be taken by the Owner Trustee by the terms of, and exercise the its rights (upon written instructions received from the Owner Participant) and perform the its duties of the Owner Trustee under under, each of the documents, agreements, instruments and certificates referred to in clauses (i), (ii) and (iii) of this Section 2.1 2 as set forth in such documents, agreements, instruments and certificates, certificates and (v) subject to the terms of this Trust AgreementAgreement and the other - Operative Documents to which it is a party, to take such other action in connection with the foregoing as the Owner Participant may from time to time direct in writingwritten instructions to the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Mobil Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.