Common use of Lessor's Liens Attributable to the Owner Participant Clause in Contracts

Lessor's Liens Attributable to the Owner Participant. The Owner Participant hereby unconditionally agrees with and for the benefit of each of the other parties to this Agreement that the Owner Participant shall not directly or indirectly create, incur, assume or suffer to exist any Lessor's Lien attributable to the Owner Participant on or against all or any portion of the Trust Estate, the Indenture Estate or the Equipment or Subleases, and the Owner Participant agrees that it shall, at its own cost and expense, take such action as may be necessary to duly discharge and satisfy in full any such Lessor's Lien; provided that the Owner Participant may contest any such Lessor's Lien in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any portion of the Trust Estate, the Indenture Estate, the Equipment or the Subleases or any interest therein or interference with the use, operation, or possession of the Equipment or any portion thereof by the Lessee under the Lease or the rights of the Indenture Trustee under the Indenture.

Lessor's Liens Attributable to the Owner Participant. The Owner Participant hereby unconditionally agrees with and for the benefit of each of Participation Agreement (TRLI 2001-1C) the other parties to this Agreement that the Owner Participant shall not directly or indirectly create, incur, assume or suffer to exist any Lessor's Lien attributable to the Owner Participant on or against all or any portion of the Trust Estate, the Indenture Estate or the Equipment or SubleasesEquipment, and the Owner Participant agrees that it shall, at its own cost and expense, take such action as may be necessary to duly discharge and satisfy in full any such Lessor's Lien; provided that the Owner Participant may contest any such Lessor's Lien in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any portion of the Trust Estate, the Indenture Estate, the Equipment or the Subleases or any interest therein or interference with the use, operation, or possession of the Equipment or any portion thereof by the Lessee under the Lease or the rights of the Indenture Trustee under the Indenture.

Lessor's Liens Attributable to the Owner Participant. The Owner Participant hereby unconditionally agrees with and for the benefit of each of the other parties to this Agreement that the Owner Participant shall not directly or indirectly create, incur, assume or suffer to exist any Lessor's Lien attributable to the Owner Participant on or against all or any portion of the Trust Estate, the Indenture Estate or the Equipment or Subleases, and the Owner Participant agrees that it shall, at its own cost and expense, take such action as may be necessary to duly discharge and satisfy in full any such Lessor's Lien; provided that the Owner Participant may contest any such Lessor's Lien in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any portion of the Trust Estate, the Indenture Estate, the Equipment or the Subleases or any interest therein or 50 interference with the use, operation, or possession of the Equipment or any portion thereof by the Lessee under the Lease or the rights of the Indenture Trustee under the Indenture.

Lessor's Liens Attributable to the Owner Participant. The Owner Participant hereby unconditionally agrees with and for the benefit of each of the other parties to this Agreement that the Owner Participant shall will not directly or indirectly create, incur, assume or suffer to exist any Lessor's Lien Liens on or against any part of the Trust Estate or the Equipment attributable to the Owner Participant on or against all or any portion of the Trust Estate, the Indenture Estate or the Equipment or SubleasesParticipant, and the Owner Participant agrees that it shallwill, at its own cost and expense, take such action as may be necessary to duly discharge and satisfy in full any such Lessor's LienLien (by bonding or otherwise, so long as Lessee's operation and use of the Equipment and the interest of the Indenture Trustee in the Indenture Estate is not impaired); provided that the Owner Participant may contest any such Lessor's Lien in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any portion of the Trust Estate, the Indenture Estate, the Equipment or the Subleases or any interest therein or interference with the use, operation, or possession of the Equipment or any portion thereof by the Lessee under the Lease or the rights of the Indenture Trustee under the Indenture.

Lessor's Liens Attributable to the Owner Participant. The Owner Participant hereby unconditionally agrees with and for the benefit of each of the other parties to this Agreement that the Owner Participant shall not directly or indirectly create, incur, assume or suffer to exist any Lessor's Lien attributable to the Owner Participant on or against all or any portion of the Trust Estate, the Indenture Estate or the Equipment or SubleasesEquipment, and the Owner Participant agrees that it shall, at its own cost and expense, take such action as may be necessary to duly discharge and satisfy in full any such Lessor's Lien; provided that the Owner Participant may contest any such Lessor's Lien in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any portion of the Trust Estate, the Indenture Estate, the Equipment or the Subleases or any interest therein or interference with the use, operation, or possession of the Equipment or any portion thereof by the Lessee under the Lease or the rights of the Indenture Trustee under the Indenture.

Lessor's Liens Attributable to the Owner Participant. The ---------------------------------------------------- Owner Participant hereby unconditionally agrees with and for the benefit of each of the other parties to this Agreement that the Owner Participant shall not directly or indirectly create, incur, assume or suffer to exist any Lessor's Lien attributable to the Owner Participant on or against all or any portion of the Trust Estate, the Indenture Estate or the Equipment or SubleasesEquipment, and the Owner Participant agrees that it shall, at its own cost and expense, take such action as may be necessary to duly discharge and satisfy in full any such Lessor's LienLien (by bonding or otherwise, so long as the Lessee's operation and use of the Equipment and the interest of the Indenture Trustee in the Indenture Estate is not impaired); provided that the Owner Participant may contest any such Lessor's Lien in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any portion of the Trust Estate, the Indenture Estate, the Equipment or the Subleases or any interest therein or interference with the use, operation, or possession of the Equipment or any portion thereof by the Lessee under the Lease or the rights of the Indenture Trustee under the Indenture.

Lessor's Liens Attributable to the Owner Participant. The Owner ---------------------------------------------------- Participant hereby unconditionally agrees with and for the benefit of each of the other parties to this Agreement that the Owner Participant shall will not directly or indirectly create, incur, assume or suffer to exist any Lessor's Lien Liens on or against any part of the Trust Estate or the Equipment attributable to the Owner Participant on or against all or any portion of the Trust Estate, the Indenture Estate or the Equipment or SubleasesParticipant, and the Owner Participant agrees that it shallwill, at its own cost and expense, take such action as may be necessary to duly discharge and satisfy in full any such Lessor's LienLien (by bonding or otherwise, so long as Lessee's operation and use of the Equipment and the interest of the Indenture Trustee in the Indenture Estate is not impaired); provided that the Owner Participant may -------- contest any such Lessor's Lien in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any portion of the Trust Estate, the Indenture Estate, the Equipment or the Subleases or any interest therein or interference with the use, operation, or possession of the Equipment or any portion thereof by the Lessee under the Lease or the rights of the Indenture Trustee under the Indenture.

Lessor's Liens Attributable to the Owner Participant. The Owner Participant hereby unconditionally agrees with and for the benefit of each of the other parties to this - 34 - 39 Agreement that the Owner Participant shall will not directly or indirectly create, incur, assume or suffer to exist any Lessor's Lien Liens on or against any part of the Trust Estate or the Equipment attributable to the Owner Participant on or against all or any portion of the Trust Estate, the Indenture Estate or the Equipment or SubleasesParticipant, and the Owner Participant agrees that it shallwill, at its own cost and expense, take such action as may be necessary to duly discharge and satisfy in full any such Lessor's LienLien (by bonding or otherwise, so long as Lessee's operation and use of the Equipment and the interest of the Indenture Trustee in the Indenture Estate is not impaired); provided that the Owner Participant may contest any such Lessor's Lien in good faith by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of any portion of the Trust Estate, the Indenture Estate, the Equipment or the Subleases or any interest therein or interference with the use, operation, or possession of the Equipment or any portion thereof by the Lessee under the Lease or the rights of the Indenture Trustee under the Indenture.