Common use of Owner Participant's Instructions to Owner Trustee Clause in Contracts

Owner Participant's Instructions to Owner Trustee. The Owner Participant agrees that the release of its Commitment in accordance with the terms hereof shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee to take the actions specified in Sections 1.01(a) and (c) of the Trust Agreement and confirmation that all conditions to closing set forth in Section 4.01 hereof were either met to the satisfaction of the Owner Participant or, if not so met, were in any event waived by it.

Appears in 4 contracts

Samples: Consent and Agreement (Federal Express Corp), Consent and Agreement (Federal Express Corp), Consent and Agreement (Federal Express Corp)

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Owner Participant's Instructions to Owner Trustee. The Owner Participant agrees that the release of its Commitment in accordance with the terms hereof shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee to take the actions action specified in Sections 1.01(a) and (c) Section 1.01 of the Trust Agreement and confirmation that all conditions to closing set forth in Section 4.01 Article 4 hereof were either met to the satisfaction of the Owner Participant or, if not so met, were in any event waived by it.

Appears in 1 contract

Samples: Federal Express Corp

Owner Participant's Instructions to Owner Trustee. The Each Owner Participant agrees that the release of its respective Commitment in accordance with the terms hereof shall constitute, without further act, authorization and direction by the such Owner Participant to the Owner Trustee to take the actions specified in Sections 1.01(a) and (c) of the Trust Agreement and confirmation that all conditions to closing set forth in Section 4.01 hereof were either met to the satisfaction of the such Owner Participant or, if not so met, were in any event waived by it.

Appears in 1 contract

Samples: Consent and Agreement (Federal Express Corp)

Owner Participant's Instructions to Owner Trustee. The Owner Participant agrees that the release of its Commitment in accordance with the terms hereof shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee to take the actions action specified in Sections 1.01(a) and (c) Section 1.01 of the Trust Agreement and confirmation that all conditions to closing set forth in Section 4.01 Article 4 hereof were either met to the satisfaction of the Owner Participant or, if not so met, were in any event waived by it.

Appears in 1 contract

Samples: Federal Express Corp

Owner Participant's Instructions to Owner Trustee. The Owner Participant agrees that the release of its Commitment in accordance with the terms hereof shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee to take the actions action specified in Sections 1.01(a) and (cSection 1.01(c) of the Trust Agreement and confirmation that all conditions to closing set forth in Section 4.01 4.02 hereof were either met to the satisfaction of the Owner Participant or, if not so met, were in any event waived by it.

Appears in 1 contract

Samples: Participation Agreement (Federal Express Corp)

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Owner Participant's Instructions to Owner Trustee. The Owner Participant agrees that the release of its Commitment in accordance with the terms hereof shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee to take the actions specified in Sections 1.01(a) and (c) of the Trust Agreement and confirmation that all conditions to closing set forth in Section 4.01 4.02 hereof were either met to the satisfaction of the Owner Participant or, if not so met, were in any event waived by it.

Appears in 1 contract

Samples: Intercreditor Agreement (Federal Express Corp)

Owner Participant's Instructions to Owner Trustee. The Owner Participant agrees that the release of its Commitment in accordance with the terms Section 3.02(b) hereof shall constitute, without further act, authorization and direction by the Owner Participant to the Owner Trustee to take the actions action specified in Sections 1.01(a) and (c) Section 1.01 of the Trust Agreement and confirmation that all conditions to closing set forth in Section 4.01 Article 4 hereof were either met to the satisfaction of the Owner Participant or, if not so met, were in any event waived by it.

Appears in 1 contract

Samples: Participant Transfer Agreement (Federal Express Corp)

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