Common use of Outside Businesses Clause in Contracts

Outside Businesses. Any Covered Person, the Grantor, the Delaware Trustee, the Regular Trustees and the Property Trustee (subject to Section 7.3(c)) may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Trust, and the Trust and the Holders of Trust Securities shall have no rights by virtue of this Trust Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Trust, shall not be deemed wrongful or improper. No Covered Person, the Grantor, the Delaware Trustee, the Regular Trustees nor the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and any Covered Person, the Grantor, the Regular Trustees, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered Person, the Delaware Trustee, the Regular Trustees and the Property Trustee may engage or be interested in any financial or other transaction with the Grantor or any Affiliate of the Grantor, or may act as depository for, trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Grantor or its Affiliates.

Outside Businesses. Any Covered Person, the GrantorInitial Depositor, the Successor Depositor, the Delaware Trustee, the Regular Trustees Trustee and the Property Trustee (subject to Section 7.3(c)) may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Trust, and the Trust and the Holders of Trust Securities shall have no rights by virtue of this Trust Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Trust, shall not be deemed wrongful or improper. No None of the Covered Person, the GrantorInitial Depositor, the Successor Depositor, the Delaware Trustee, the Regular Trustees nor or the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and any Covered Person, the GrantorInitial Depositor, the Regular TrusteesSuccessor Depositor, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered Person, the Delaware Trustee, the Regular Trustees Trustee and the Property Trustee may engage or be interested in any financial or other transaction with the Grantor Initial Depositor or any Affiliate of the GrantorInitial Depositor, or may act as depository depositary for, trustee or agent for, or act on any committee or body of holders Holders of, securities or other obligations of the Grantor Initial Depositor or its Affiliates.

Outside Businesses. Any Covered Person, any Administrative Trustee, the GrantorDepositor, the Delaware Trustee, the Regular Trustees Trustee and the Property Trustee (subject to Section 7.3(c)) may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Trust, and the Trust and the Holders of Trust Securities shall have no rights by virtue of this Trust Agreement in and to such independent ventures or the income or profits derived therefrom, therefrom and the pursuit of any such venture, even if competitive with the business of the Trust, shall not be deemed wrongful or improper. No None of any Covered Person, any Administrative Trustee, the GrantorDepositor, the Delaware Trustee, the Regular Trustees nor and the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and any Covered Person, the Grantorany Administrative Trustee, the Regular TrusteesDepositor, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered Person, the Delaware any Administrative Trustee, the Regular Trustees Delaware Trustee and the Property Trustee may engage or be interested in any financial or other transaction with the Grantor Depositor or any Affiliate of the GrantorDepositor, or may act as depository for, a depositary for trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Grantor Depositor or its Affiliates. For purposes of this Section 8.20, "Covered Person" means (a) any officer, director, trustee, shareholder, partner, member, representative, employee or agent of (i) the Trust or (ii) the Trust's Affiliates; and (b) any Holder of Trust Securities.

Outside Businesses. Any Covered Person, the GrantorSponsor, the Regular Trustees, the Delaware Trustee, the Regular Trustees Trustee and the Property Trustee (subject to Section 7.3(c)) may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Trust, and the Trust and the Holders of Trust Securities shall have no rights by virtue of this Trust Agreement Declaration in and to such independent ventures or the income or profits derived therefrom, therefrom and the pursuit of any such venture, even if competitive with the business of the Trust, shall not be deemed wrongful or improper. No Covered Person, the GrantorSponsor, the Regular Trustees, the Delaware Trustee, the Regular Trustees nor Trustee or the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and any Covered Person, the GrantorSponsor, the Regular Trustees, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered Person, the Delaware Regular Trustee, the Regular Trustees Delaware Trustee and the Property Trustee may engage or be interested in any financial or other transaction with the Grantor Sponsor or any Affiliate of the GrantorSponsor, or may act as depository for, trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Grantor Sponsor or its Affiliates.

Outside Businesses. Any Covered PersonAdministrative Trustee, officer, director, shareholder, partner, member, representative, employee or agent of the Trust or the Trust's Affiliates, any Holder of Securities, the GrantorDepositor, the Delaware Trustee, the Regular Trustees Trustee and the Property Trustee (subject to Section 7.3(c)) may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Trust, and the Trust and the Holders of Trust Securities shall have no rights by virtue of this Trust Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if in competitive with the business of the Trust, shall not be deemed wrongful or improper. No Covered PersonNone of any Administrative Trustee, officer, director, shareholder, partner, member, representative, employee or agent of the Trust or the Trust's Affiliates, any Holder of Securities, the GrantorDepositor, the Delaware Trustee, the Regular Trustees nor Trustee or the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be by taken by the Trust, and any Covered PersonAdministrative Trustee, officer, director, shareholder, partner, member, representative, employee or agent of the Trust or the Trust's affiliates, any Holder of Securities, the Grantor, the Regular TrusteesDepositor, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered PersonAdministrative Trustee, officer, director, shareholder, partner, member, representative, employee or agent of the Trust or the Trust's Affiliates, any Holder of Securities, the Depositor, the Delaware Trustee, the Regular Trustees Trustee and the Property Trustee may engage or be interested in any financial or other transaction with the Grantor Depositor or any Affiliate of the GrantorDepositor, or may act as depository depositary for, trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Grantor Depositor or its Affiliates.

Outside Businesses. Any Covered Person, the Grantor, the Delaware Trustee, the Regular Trustees and the Property Trustee (subject to Section 7.3(c)) may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Trust, and the Trust and the Holders of Trust Securities shall have no rights by virtue of this Trust Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Trust, shall not be deemed wrongful or improper. No Covered Person, the Grantor, the Delaware Trustee, the Regular Trustees nor the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and any Covered Person, the Grantor, the Regular Trustees, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered Person, the Delaware Trustee, the Regular Trustees and the Property Trustee may engage or be interested in any financial or other transaction with the Grantor or any Affiliate of the Grantor, or may act as depository for, trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Grantor or its Affiliates.. 44

Outside Businesses. Any Covered Person, the GrantorDebenture Issuer, the Delaware Trustee, the Regular Trustees Trustee and the Property Trustee (subject to Section 7.3(c)) may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the business of the Trust, and the Trust and the Holders of Trust Securities shall have no rights by virtue of this Trust Agreement Declaration in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the business of the Trust, shall not be deemed wrongful or improper. No Covered Person, the GrantorDebenture Issuer, the Delaware Trustee, the Regular Trustees nor Trustee or the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and any Covered Person, the Grantor, the Regular TrusteesDebenture Issuer, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered Person, the Delaware Trustee, the Regular Trustees Trustee and the Property Trustee may engage or be interested in any financial or other transaction with the Grantor Debenture Issuer or any Affiliate of the GrantorDebenture Issuer, or may act as depository depositary for, trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Grantor Debenture Issuer or its Affiliates.