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: Participation Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp), 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 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: Participation Agreement (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: Participation 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 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: Participation 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: 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 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)

Owner Participant's Instructions to Owner Trustee. The Owner Participant agrees that the release issuance of its Commitment Certificates 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 Section 1.01 (other than clause (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 1 contract

Samples: Participation 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: Participation Agreement (Federal Express Corp)

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