No Duties Except as Specified. The Owner Trustee shall not be required to perform any of the obligations of the Issuer under this Agreement or the other Basic Documents that are required to be performed by (i) the Servicer under the Servicing Agreement or the SUBI Supplement, (ii) the Transferor under this Agreement, the SUBI Certificate Transfer Agreement or the Back-Up Security Agreement, (iii) the Administrator under the Issuer Administration Agreement or (iv) the Indenture Trustee under the Indenture. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any ownership or security interest in the Owner Trust Estate or to record this Agreement or any other Basic Document. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any Liens (other than the Lien of the Indenture) on any part of the Owner Trust Estate that result from actions by or claims against the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
No Duties Except as Specified. Owner Trustee shall not have any duty or obligation to manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate or to otherwise take or refrain from taking any action under, or in connection with, any of the Owner Trustee Agreements, except as expressly required by the terms of any of the Owner Trustee Agreements, or (to the extent not inconsistent with the provisions of the Trust Indenture) as expressly provided by the terms hereof or in a written instruction from Owner Participant received pursuant to the terms of Section 5.1 or 5.2, and no implied duties or obligations shall be read into this Trust Agreement against Owner Trustee. First Security agrees that it will, in its individual capacity and at its own cost or expense (but without any right of indemnity in respect of any such cost or expense hereunder or under the Participation Agreement), promptly take such action as may be necessary to duly discharge and satisfy in full all Lessor Liens attributable to it in its individual capacity which it is required to discharge pursuant to Section 7.3.1 of the Participation Agreement and otherwise comply with the terms of said Section binding upon it.
No Duties Except as Specified. The Owner Trustee shall not be required to perform any of the obligations of the Issuing Entity under this Agreement or the other Basic Documents that are required to be performed by (i) the Servicer under the Servicing Agreement or the 2007-A SUBI Supplement, (ii) the Depositor under this Agreement, the Servicing Agreement, the Indenture, the SUBI Certificate Transfer Agreement, or the Back-Up Security Agreement, (iii) the Administrative Agent under the Trust Administration Agreement or (iv) the Indenture Trustee under the Indenture. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of or otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuing Entity is a party, except as expressly provided by the terms of this Agreement or in any document or written instruction received by the Owner Trustee pursuant to Section 6.03; and no implied duties or obligations shall be read into this Agreement or any other Basic Document against the Owner Trustee. The Owner Trustee shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any ownership or security interest in the Owner Trust Estate or to record this Agreement or any other Basic Document. Notwithstanding anything to the contrary herein or in any Basic Document, neither the Indenture Trustee, the Titling Trustee nor the Trust Agent shall be required to execute, deliver or certify on behalf of the Issuing Entity or any other person any filings, certificates, affidavits or other instruments required under the Sxxxxxxx-Xxxxx Act of 2002, to the extent permitted by applicable law. The Owner Trustee nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any Liens (other than the Lien of the Indenture) on any part of the Owner Trust Estate that result from actions by or claims against the Owner Trustee in its individual capacity that are not related to the ownership or the administration of the Owner Trust Estate.
No Duties Except as Specified. (a) The Trustees shall not have any duty or obligation to manage, control, use, sell, dispose of or otherwise deal with any of the LLC Interest or any other part of the Trust Estate, to perform any obligation of the Trust under any of the Operative Documents or otherwise to take or refrain from taking any action under, or in connection with, any Operative Document to which the Trust is a party, except as expressly required by the terms hereof or in written instructions received pursuant to Section 4.1 or 4.2 from the Owner; and no implied duties or obligations shall be read into this Agreement or any other Operative Document to which the Trust is a party against any of the Trustees.
(b) Notwithstanding the provisions of Section 4.4(a), each Trustee agrees that it will, at its own cost and expense (without any right of indemnity in respect of any such cost or expense under Section 6.1), promptly take such action as may be necessary duly to discharge and satisfy in full: (i) all Liens against the Trust Estate attributable to such Trustee in its individual capacity; (ii) any Liens created as a result of a breach by such Trustee of its individual obligations under this Agreement (subject to the limitations on liability set forth in Section 5.9) on any part of the Trust Estate, or on any properties of the Trust assigned, pledged or mortgaged as part of the Trust Estate, which arise from acts of such Trustee in its individual capacity, and (iii) any other Liens attributable to such Trustee in its individual capacity on any part of the Trust Estate which result from claims against such Trustee in its individual capacity unrelated to the ownership of the LLC Interest, the administration of the Trust Estate or the transactions contemplated by the Operative Documents.
No Duties Except as Specified. The Owner Trustee shall not have any duty or obligation to manage, control, use, make any payment in respect of, register, record, insure, inspect, sell, dispose of or otherwise deal with any Accepted Unit or any other part of the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any Owner Trustee Agreement or any of the other Operative Agreements, except as expressly provided by the terms of this Trust Agreement, the Indenture or the Owner Trustee Agreements or in written instructions from the Owner Participant received pursuant to Section 4.1 or 4.2; and no implied duties or obligations shall be read into this Trust Agreement against the Owner Trustee. Notwithstanding and without limiting the foregoing, Trust Company agrees that it will promptly (without any right to indemnification hereunder) take all action necessary to discharge any Lessor's Lien attributable to Trust Company on any part of the Trust Estate or Indenture Estate. Trust Company agrees to indemnify, protect, save and keep harmless the Owner Participant for, from and against any loss, cost or expense (including reasonable legal fees and expenses) incurred by the Owner Participant as a result of the imposition or enforcement of any such Lessor's Lien against the Accepted Units, any interest herein or on the Trust Estate or the Indenture Estate resulting from any Lessor's Lien attributable to Trust Company.
No Duties Except as Specified. Neither Owner Trustee shall have ----------------------------- any power, right, authority, duty or obligation to manage, control, use, make any payment in respect of, register, record, insure, inspect, sell, dispose of or otherwise deal with the Vessel or any other part of the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any Owner Trust Document or any Owner Trust U.K. Document, except as expressly provided by the terms of this Trust Agreement, the Indenture, the Owner Trust Documents or the Owner Trust U.K. Documents or in written instructions from the Owner Participant received pursuant to Sections 2.1, 2.2, 2.3, 6.1 or 6.2; and no implied duties or obligations shall be read into this Trust Agreement against the Owner Trustees. Notwithstanding and without limiting the foregoing, the Trust Company agrees that it will, in its individual capacity and at its own expense, without any right to indemnification hereunder, promptly take all action necessary to discharge and satisfy in full any Owner's Lien attributable to it on any part of the Trust Estate and will claim no indemnity therefor hereunder or under the Participation Agreement or under any other Operative Document.
No Duties Except as Specified. The Facility Agent shall have only those duties, obligations and responsibilities which are expressly specified in this Agreement and any other Operative Document to which the Facility Agent is a party.
No Duties Except as Specified. No Action Except Under Facility Leases, Indenture or Instructions.
(a) The Indenture Trustee shall not have any duty or obligation to manage, control, use, sell, dispose of or otherwise deal with any part of the Indenture Estate or otherwise take or refrain from taking any action under or in connection with this Indenture or the other Assigned Documents except as expressly provided by the terms of this Indenture or as expressly provided in written instructions from a Majority in Interest of Noteholders in accordance with Section 5.2 hereof; and no implied duties or obligations shall be read into this Indenture against the Indenture Trustee.
(b) The Indenture Trustee shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Indenture Estate except (a) as required by the terms of the Facility Leases, to the extent applicable to the Indenture Trustee as assignee of the Owner Lessor, (b) in accordance with the powers granted to, or the authority conferred upon, the Indenture Trustee
No Duties Except as Specified. The Owner Trustee shall not have any duty or obligation to manage, control, use, make any payment in respect of, register, record, insure, inspect, sell, dispose of or otherwise deal with the Properties or any other part of the Trust Estate, or to otherwise take or refrain from taking any action under, or in connection with, any of the Operative Documents, except as expressly provided by the terms of this Trust Agreement, the other Operative Documents or in written instructions from the Agent Certificate Holder received pursuant to Section 4.1 or 4.2; and no implied duties or obligations shall be read into this Trust Agreement against the Owner Trustee. Notwithstanding and without limiting the foregoing, Owner Trustee agrees that it will promptly (without any right to indemnification hereunder) take all action necessary to discharge any Lessor Lien attributable to Owner Trustee on any part of the Trust Estate.
No Duties Except as Specified. The Owner Trustee shall not be required to perform any of the obligations of the Issuer under this Agreement or the other Basic Documents that are required to be performed by (i)
