Common use of Execution of Documents and Performance of Duties Clause in Contracts

Execution of Documents and Performance of Duties. The Trustor hereby authorizes and directs the Owner Trustee (without any further action, approval, authorization or consent by Trustor), and the Owner Trustee hereby agrees (a) to maintain its ownership of all of the authorized capital stock of each of the Companies, (b) to cause each of the Companies, on such date(s) as the applicable Lessees shall specify to the Owner Trustee, to execute and deliver, or accept, as the case may be, the Basic Documents or amendments thereto to which each of the Companies shall be a party, in such respective forms as the applicable Lessees shall approve and as are acceptable to the Owner Trustee, and thereafter, but only upon written instruction of the applicable Lessees or in accordance with Section 6 hereof, to cause each of the Companies to exercise rights, make payments and expenditures, and perform their duties under such Basic Documents or amendments thereto, subject to the terms of this Trust Agreement, and (c) upon written instruction of the applicable Lessees to the Owner Trustee requesting action by the Owner Trustee, and only upon such instructions, to do all such things, and to take all such actions, as may be necessary, appropriate or convenient to consummate the transactions contemplated hereby or to effect the Owner Trustee's performance of its duties and obligations as the Owner Trustee as contemplated hereby; provided that such actions are reasonably satisfactory to the Owner Trustee and its counsel.

Execution of Documents and Performance of Duties. The Trustor hereby authorizes and directs the Owner Trustee (without any further action, approval, authorization or consent by Trustor), and the Owner Trustee hereby agrees (a) to maintain its ownership of all of the authorized capital stock of each of the Companies, (b) to cause each of the Companies, on such date(s) as the applicable Lessees shall specify to the Owner Trustee, to execute and deliver, or accept, as the case may be, the Basic Documents or amendments thereto to which each of the Companies shall be a party, in such respective forms as the applicable Lessees shall approve and as are acceptable to the Owner Trustee, and thereafter, but only upon written instruction of the applicable Lessees or in accordance with Section 6 hereof, to cause each of the Companies to exercise rights, make payments and expenditures, and perform their duties under such Basic Documents or amendments thereto, subject to the terms of this Trust Agreement, and (c) upon written instruction of the applicable Lessees to the Owner Trustee requesting action by the Owner Trustee, and only upon such instructions, to do all such things, and to take all such actions, as may be necessary, appropriate or convenient to consummate the transactions contemplated contem- plated hereby or to effect the Owner Trustee's performance of its duties and obligations as the Owner Trustee as contemplated hereby; provided that such actions are reasonably satisfactory to the Owner Trustee and its counsel.