Common use of Discretion as to Execution of Documents Clause in Contracts

Discretion as to Execution of Documents. Prior to executing any document required to be executed by it pursuant to the terms of Section 10.01 hereof, the Owner Trustee shall be entitled to receive an opinion of its counsel to the effect that the execution of such document is authorized hereunder. If in the opinion of the Owner Trustee any such document adversely affects any right, duty, immunity or indemnity in favor of the Owner Trustee hereunder or under any other Operative Document to which the Owner Trustee is a party, the Owner Trustee may in its discretion decline to execute such document.

Discretion as to Execution of Documents. Prior to executing any document required to be executed by it pursuant to the terms of Section 10.01 hereof, the Owner Trustee shall be entitled to receive an opinion of its counsel to the effect that the execution of such document is authorized hereunder. If in the opinion of the Owner Trustee any such document adversely affects any right, duty, immunity or indemnity in favor of the Owner Trustee hereunder or under any other Operative Document document to which the Owner Trustee is a party, the Owner Trustee may in its discretion decline to execute such document.

Discretion as to Execution of Documents. Prior to executing any document required to be executed by it pursuant to the terms of Section 10.01 hereof10.01, the Owner Trustee shall be entitled to receive an opinion of its counsel to the effect that the execution of such document is authorized hereunder. If in the reasonable opinion of the Owner Trustee any such document materially adversely affects any right, duty, immunity or indemnity in favor of the Owner Trustee hereunder or under any other Operative Document Agreement to which the Owner Trustee is a party, the Owner Trustee may in its discretion decline to execute such documentdocument and shall incur no liability to anyone as a result thereof.