Independent Business. The Owner Trustee will conduct its activities such that the Owner Trust is a separate and readily identifiable trust separate from, and independent of, the Trustor and any of its Affiliates (it being understood that the Trustor and its Affiliates may publish financial statements that consolidate those of the Owner Trustee, if to do so is required by any applicable law or accounting principles from time to time in effect) and:
Appears in 6 contracts
Samples: Trust Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp), Federal Express Corp
Independent Business. The Owner Trustee will conduct its activities such that the Owner Trust is a separate and readily identifiable trust separate from, and independent of, the each Trustor and any of its Affiliates (it being understood that the such Trustor and its Affiliates may publish financial statements that consolidate those of the Owner Trustee, if to do so is required by any applicable law or accounting principles from time to time in effect) and:
Appears in 1 contract
Samples: Federal Express Corp
