Common use of of the Trust Agreement Clause in Contracts

of the Trust Agreement. If the Owner Participant or First Security Bank, National Association, in its individual capacity, does not comply with the requirements of this Section 7(a), the Owner Trustee, the Indenture Trustee and the Participants hereby agree that a Lease Default or Lease Event of Default shall not have occurred and be continuing due to non-compliance by Lessee with the registration requirements in the Lease.

of the Trust Agreement. If the Owner Participant or First Security Bank, National Association, in its individual capacity, does not comply with the requirements of this Section 7(a8(c), the Owner Trustee, the Indenture Trustee and the Participants hereby agree that a Lease Default or Lease an Event of Default (or an event which would constitute an Event of Default but for lapse of time or the giving of notice or both) shall not have occurred and be continuing under the Lease due to non-compliance by Lessee with the registration requirements in the Lease.