No Power to Reinvest. Notwithstanding anything contained in Section 5.01, 5.02, 5.04 or 5.05 to the contrary, the Owner Trustee shall not be authorized and shall have no power to reinvest the proceeds of the Trust Estate or to otherwise "vary the investment" of the Owner Participant within the meaning of Treasury Regulations Section 301.7701-4(c)(1); provided, however, that nothing contained in this Section 5.06 shall limit the indemnity provided in Section 5.03 hereof or any requirement pertaining to the investment of funds in the Operative Agreements.
Appears in 4 contracts
Samples: Trust Agreement (Southwest Airlines Co), Trust Agreement (Southwest Airlines Co), Trust Agreement (Southwest Airlines Co)
No Power to Reinvest. Notwithstanding anything contained in Section 5.01, 5.02, 5.04 or 5.05 to the contrary, the Owner Trustee shall not be authorized and shall have no power to reinvest the proceeds of the Trust Estate or to otherwise "vary the investment" of the Owner Participant within the meaning of Treasury Regulations Section 301.7701-4(c)(1); provided, however, that nothing contained in this Section 5.06 shall limit the indemnity provided in Section 5.03 hereof or any requirement pertaining to the investment of funds in the Operative Agreements.. TRUST AGREEMENT [N396SW] -7- 13 ARTICLE VI
Appears in 1 contract