INSTRUCTIONS TO THE OWNER TRUSTEE Sample Clauses

INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 2 and its instructions to the Owner Trustee to release such funds shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee: (i) to purchase the Aircraft from Lessee and to pay to Lessee the Lessor's Cost for the Aircraft; (ii) to the extent not previously accomplished by a prior authorization, to authorize a representative or representatives of the Owner Trustee (who shall be an employee or employees, or an agent or agents, of Lessee designated by Lessee) to accept delivery of the Aircraft on the Delivery Date pursuant to the Acceptance Certificate; (iii) to accept from Lessee the Xxxx of Sale and the FAA Xxxx of Sale for the Aircraft referred to in Section 4(a)(v)(8) and 4(a)(v)(9); (iv) to execute an Aircraft Registration Application, the Lease Supplement and the Trust Supplement, in each case covering the Aircraft; (v) to borrow from the Pass Through Trustee and issue the Equipment Notes as provided in Section 2(a); and (vi) to take such other action as may be required to be taken by the Owner Trustee on the Delivery Date by the terms of any Operative Document.
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INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 1 shall constitute, subject to satisfaction or waiver of the conditions set forth in Section 4(a), without further act, authorization and direction by the Owner Participant to the Owner Trustee: (i) to pay to Lessee Lessor's Cost for the Aircraft; (ii) to the extent not previously accomplished by a prior authorization, to authorize a representative or representatives of the Owner Trustee (who shall be an employee or employees, or an agent or agents, of Lessee designated by Lessee) to accept delivery of the Aircraft on the Delivery Date pursuant to the Acceptance Certificate; (iii) to accept from Lessee the Xxxx of Sale and the FAA Xxxx of Sale for the Aircraft referred to in Section 4(a)(v)(8) and 4(a)(v)(9); (iv) to execute an Aircraft Registration Application, the Lease Supplement and the Trust Supplement, in each case covering the Aircraft; (v) to borrow from the Pass Through Trustee to finance a portion of the Lessor's Cost for the Aircraft and to execute and deliver to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts a principal amount of Secured Certificates bearing the interest rate set forth opposite the name of such Pass Through Trust on Schedule II hereto, which Secured Certificates shall be in the principal amounts set forth on Schedule II hereto, pursuant hereto and to the Trust Indenture; and (vi) to take such other action as may be required to be taken by the Owner Trustee on the Delivery Date by the terms of any Operative Document.
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INSTRUCTIONS TO THE OWNER TRUSTEE. The Initial Owner Participant agrees that Pass Through Trustee's payments to the Owner Trustee in accordance with the terms of Section 1(a) shall constitute, subject to satisfaction or waiver of the conditions set forth in Section 4(a), without further act, authorization and direction by the Initial Owner Participant to the Owner Trustee on the Certificate Closing Date: (i) to borrow from the Pass Through Trustee and to execute and deliver to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts a principal amount of Secured Certificates bearing the interest rate set forth opposite the name of such Pass Through Trust on Schedule II hereto, which Secured Certificates shall be in the principal amounts set forth on Schedule II hereto, pursuant hereto and to the Trust Indenture; and (ii) to take such other action as may be required to be taken by the Owner Trustee on the Certificate Closing Date by the terms of any Operative Document.
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INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 2 and its instructions to the Owner Trustee to release such funds shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee: (i) to purchase the Aircraft from Lessee and to pay to Lessee the Lessor's Cost for the Aircraft;
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INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that the satisfaction or waiver of the conditions contained in Section 5 hereof (any such satisfaction or waiver to be communicated to the Owner Trustee by the Owner Participant or its special counsel) shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee: (i) to accept from the Lessee the Xxxx of Sale and the FAA Xxxx of Sale for each Aircraft; (ii) to execute and deliver the OT Xxxx of Sale in favor of the Finance Lessor for each Aircraft; (iii) against receipts therefor to direct payment of the Lessor’s Cost as provided in Section 3(b) hereof; (iv) to execute and cause to be filed (a) the FAA aircraft registration application contemplated by Section 5(d)(ix) hereof, (b) a Lease with one or more Lease Supplements covering the Aircraft and (c) a Finance Lease with one or more Finance Lease Supplements covering the Aircraft; and (v) to execute and deliver all such other instruments, documents or certificates and take all such other actions as are required to be executed or delivered or taken by the Owner Trustee on or prior to each Delivery Date pursuant to any Operative Agreement.
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INSTRUCTIONS TO THE OWNER TRUSTEE. (a) The Owner Trustee shall only take such action or shall refrain from taking such action under this Agreement (1) as it shall be instructed pursuant to a specific provision of this Agreement or (2) with respect to matters other than those described in clause (1), as it shall be instructed in writing by (A) until the Final FSA Insurance Termination Date, the Class B Certificateholder in accordance with the notice provisions of Section 8.04 and the Class A Certificateholder, by its acquisition of the Class A Certificate, irrevocably consents to any such instruction given by the Class B Certificateholder or (B) only following the Final FSA Insurance Termination Date, by owners of the Class A Certificates. The Certificateholders shall not instruct the Owner Trustee to take any action that would violate the terms of this Agreement, any Transaction Document or any Underlying Transaction Document or the Master Collateral Agreement. The Owner Trustee shall not take the actions set forth in Section 8.03 relating to amendments or waivers of this Agreement, Section 8.05 relating to dissolution or termination of the Trust, Section 8.07 relating to filing of a petition in bankruptcy or insolvency of the Trust or permit the Trust to merge with or into another entity unless it shall have obtained the consent of or shall be instructed by the Class B Certificateholder and the Master Collateral Agent. (b) If in performing its duties under this Agreement the Owner Trustee is required to decide between alternative courses of action, the Owner Trustee shall consult with the owners of the Class A Certificates, the Class B Certificates and (for so long as the Lien granted pursuant to the Master Collateral and Intercreditor Agreement is in effect) the Master Collateral Agent. If the Owner Trustee is unsure of the application of any provision of this Agreement or any other Underlying Transaction Document, then the Owner Trustee may promptly deliver a notice to the Class B Certificateholder in accordance with the notice provisions of Section 8.04 hereof requesting written instructions as to the course of action desired by it. The Class B Certificateholder may make any determination required pursuant to this Section 2.08, which shall be reflected in the instructions delivered by the Class B Certificateholder to the Owner Trustee in accordance with this Section 2.08 and the Owner Trustee shall comply with any such instructions. If the Owner Trustee does not receive such instruction...
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Related to INSTRUCTIONS TO THE OWNER TRUSTEE

  • Instructions to the Trustee All orders, requests, and instructions by the Grantor to the Trustee shall be in writing, signed by or such other designees as the Grantor may designate by amendment to this agreement. The Trustee shall be fully protected in acting without inquiry in accordance with the Grantor's orders, requests, and instructions. All orders, requests, and instructions by the Agency to the Trustee shall be in writing, signed by the Agency’s Secretary or Executive Director, or designee, and the Trustee shall act and shall be fully protected in acting in accordance with such orders, requests, and instructions. The Trustee shall have the right to assume, in the absence of written notice to the contrary, that no event constituting a change or a termination of the authority of any person to act on behalf of the Grantor or the Agency hereunder has occurred. The Trustee shall have no duty to act in the absence of such orders, requests, and instructions from the Grantor and/or the Agency, except as provided for herein.

  • Payments to the Owner Trustee Any amounts paid to the Owner Trustee pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

  • Instructions to Custodian The Sub-Adviser shall have authority to issue to each Fund’s custodian such instructions as it may consider appropriate in connection with the settlement of any transaction relating to a Fund that it has initiated. The Adviser shall ensure that each Fund’s custodian is obliged to comply with any instructions of the Sub-Adviser given in accordance with this Agreement. The Sub-Adviser will not be responsible for supervising a Fund’s custodian.

  • The Owner Trustee It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association on behalf of the Trust not individually or personally but solely as owner trustee of the Trust under the Trust Agreement of the Trust dated the date hereof in the exercise of the powers and authority conferred upon and vested in Wilmington Trust, National Association as owner trustee of the Trust under such Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as the personal representation, undertaking or agreement of Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Trust and (iii) nothing herein contained shall be construed as creating any liability on the part of Wilmington Trust, National Association, individually or personally, to perform any covenant or obligation of the Trust, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto.

  • Regarding the Owner Trustee Owner Participant will cause Owner Trustee to perform its obligations under each Owner Trustee Agreement.

  • Successor Owner Trustees and Additional Owner Trustees SECTION 9.1. Eligibility Requirements for Owner Trustee.....................19 SECTION 9.2. Resignation or Removal of Owner Trustee........................20 SECTION 9.3. Successor Owner Trustee........................................20 SECTION 9.4. Merger or Consolidation of Owner Trustee.......................21 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee..................21 ARTICLE X.MISCELLANEOUS

  • Appointment of the Owner Trustee The Seller hereby appoints the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein.

  • Owner Trustee This Agreement has been signed on behalf of the Grantor by U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as Owner Trustee of the Grantor. In no event will U.S. Bank Trust National Association in its individual capacity or a beneficial owner of the Grantor be liable for the Grantor’s obligations under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of, the Trust Agreement.

  • Payments to Owner Trustee Any amounts paid to the Owner Trustee pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

  • Actions by Owner Trustee SECTION 4.1. Prior Notice to Certificateholders with Respect to Certain Matters......................12 SECTION 4.2. Action by Certificateholders with Respect to Certain Matters............................13 SECTION 4.3. Action by Certificateholders with Respect to Bankruptcy.................................13 SECTION 4.4. Restrictions on Certificateholders' Power...............................................13 SECTION 4.5. Majority Control........................................................................13 ARTICLE V

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