Obligations of Trustees. The Indenture Trustee shall be responsible for the payment, performance and discharge of, and shall fully and completely pay, perform and discharge, all of its obligations under the Trust Indenture in accordance with the terms thereof. Subject to the terms and provisions of the Trust Agreement, the Owner Trustee shall be responsible for the payment, performance and discharge of, and shall fully and completely pay, perform and discharge, all of its obligations under the Lease in accordance with the terms thereof.
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Samples: Participation Agreement (Southwest Airlines Co), Participation Agreement (Southwest Airlines Co), Participation Agreement (Southwest Airlines Co)
Obligations of Trustees. The Indenture Trustee shall be responsible for the payment, performance and discharge of, and shall fully and completely pay, perform and discharge, all of its obligations under the Trust Indenture in accordance with the terms thereof. Subject to the terms and provisions of the Trust AgreementOperative Agreements, the Owner Trustee shall be responsible for the payment, performance and discharge of, and shall fully and completely pay, perform and discharge, all of its obligations under the Lease in accordance with the terms thereof.
Appears in 2 contracts
Samples: Participation Agreement (Southwest Airlines Co), Participation Agreement (Southwest Airlines Co)
Obligations of Trustees. The Indenture Trustee shall be responsible for the payment, performance and discharge of, and shall fully and completely pay, perform and PARTICIPATION AGREEMENT [N620SW] -33- 39 discharge, all of its obligations under the Trust Indenture in accordance with the terms thereof. Subject to the terms and provisions of the Trust Agreement, the Owner Trustee shall be responsible for the payment, performance and discharge of, and shall fully and completely pay, perform and discharge, all of its obligations under the Lease in accordance with the terms thereof.
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