Owner Trustee’s Representations and Warranties. The Owner Trustee represents and warrants to the Depositor as of the Closing Date:
Owner Trustee’s Representations and Warranties. The Owner Trustee represented and warranted to the Depositor and for the benefit of the Certificateholders as of the date of this Agreement:
Owner Trustee’s Representations and Warranties. WFB, in its individual capacity, and Owner Trustee, each as to itself only, hereby represents and warrants to each of the other Parties hereto that:
(i) WFB is a national banking association duly organized and existing under the laws of the United States of America and has the power and authority to carry on its business as presently conducted and to perform its respective obligations as lessor under this Agreement, the Trust Agreement, the Lease, Assignment No. 2, the Engine Warranty Assignment and Consent, the Acceptance Certificate and the application for registration of the Aircraft on FAA AC Form 8050-1 and the other Operative Documents to which it is a party (collectively, the "OWNER TRUSTEE DOCUMENTS"), whether in its individual capacity or as Owner Trustee;
(ii) The execution, delivery and performance by Owner Trustee of the Owner Trustee Documents have been duly authorized by all necessary trust action on the part of WFB, do not require any approval of the shareholders of WFB (or if such approval is required, such approval has been obtained) or approval of any trustee or holder of any indebtedness or obligations of WFB or Owner Trustee, and do not and will not contravene the charter or by-laws of WFB or any current law, governmental rule, regulation, judgment or order binding on WFB or Owner Trustee or contravene or result in a breach of, or constitute a default under any indenture, mortgage, contract or other agreement to which WFB or Owner Trustee is a party or by which WFB or Owner Trustee or the property of either of them may be bound or affected;
(iii) Neither the execution and delivery by Owner Trustee of, nor the performance by WFB or Owner Trustee of their respective obligations under, the Owner Trustee Documents requires the consent or approval of, or the giving of notice to, or the registration with, or the taking of any other action in respect of, any governmental entity having jurisdiction over WFB, Owner Trustee or any of their respective affiliates or properties, except for the filing with the FAA of the Trust Agreement, the application for registration of the Aircraft on FAA AC Form 8050-1 and such other registrations, applications and recordings referred to in the opinion of Special FAA Counsel to be rendered by Special FAA Counsel on the Delivery Date;
(iv) Each of the Owner Trustee Documents has been duly executed and delivered by Owner Trustee and each of the Owner Trustee Documents constitutes the legal, valid and binding oblig...
