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

Discretion as to Execution of Documents. If in the --------------------------------------- opinion of the Owner Trustee any document required to be executed pursuant to the terms of Section 10.01 adversely affects any right, duty, immunity or indemnity in favor of the Owner Trustee hereunder or under any other Operative Agreement to which the Owner Trustee is a party, the Owner Trustee may in its discretion decline to execute such document unless Owner Trustee is furnished with indemnification from Lessee or any other party upon terms and in amounts reasonably satisfactory to Owner Trustee to protect the Trust Estate and Owner Trustee against any and all liabilities, costs and expenses arising out of the execution of such documents.

Appears in 4 contracts

Samples: Trust Agreement (Midway Airlines Corp), Note Purchase Agreement (Midway Airlines Corp), Trust Agreement (Midway Airlines Corp)

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Discretion as to Execution of Documents. If in the --------------------------------------- opinion of the Owner Trustee any document required to be executed pursuant to the terms of Section 10.01 9.01 adversely affects any right, duty, immunity or indemnity in favor of the Owner Trustee hereunder or under any other Operative Agreement to which the Owner Trustee is a party, the Owner Trustee may in its discretion decline to execute such document unless Owner Trustee is furnished with indemnification from Lessee or any other party upon terms and in amounts reasonably satisfactory to Owner Trustee to protect the Trust Estate and Owner Trustee against any and all liabilities, costs and expenses arising out of the execution of such documents.

Appears in 2 contracts

Samples: Trust Agreement (Republic Airways Holdings Inc), Trust Agreement (Republic Airways Holdings Inc)

Discretion as to Execution of Documents. If in the --------------------------------------- opinion of the Owner Trustee any document required to be executed pursuant to the terms of Section 10.01 adversely affects any right, duty, immunity or indemnity in favor of the Owner Trustee hereunder or under any other Operative Agreement to which the Owner Trustee is a party, the Owner Trustee may in its discretion decline to execute such document unless Owner Trustee is furnished with indemnification from Lessee or any other party upon terms and in amounts reasonably satisfactory to Owner Trustee to protect the Trust Estate and Owner Trustee against any and all liabilities, costs and expenses arising out of the execution of such documents.

Appears in 1 contract

Samples: Trust Agreement (Midway Airlines Corp)

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Discretion as to Execution of Documents. If in the --------------------------------------- reasonable opinion of the Owner Trustee any document required to be executed pursuant to the terms of Section 10.01 9.01 adversely affects any right, duty, immunity or indemnity in favor of the Owner Trustee hereunder or under any other Operative Agreement to which the Owner Trustee is a party, the Owner Trustee may in its discretion decline to execute such document unless Owner Trustee is furnished with indemnification from Lessee or any other party upon terms and in amounts reasonably satisfactory to Owner Trustee to protect the Trust Estate and Owner Trustee against any and all liabilities, costs and expenses arising out of the execution of such documents.

Appears in 1 contract

Samples: Trust Agreement (Midway Airlines Corp)

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