Common use of Performance by Owner Participant Clause in Contracts

Performance by Owner Participant. Any obligation of the Owner Trustee hereunder or under the Facility Lease or any other Transaction Document may be performed by the Owner Participant, and any performance shall not be construed as a revocation of the trusts created hereby.

Appears in 2 contracts

Samples: Trust Agreement (Panda Interfunding Corp), Trust Agreement (Panda Interfunding Corp)

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Performance by Owner Participant. Any obligation of the -------------------------------- Trust Company or the Owner Trustee hereunder or under the Facility Lease or any other Transaction Operative Document or other document contemplated hereby may be performed by the Owner Participant, Participant and any such performance shall not be construed as a revocation of the trusts trust created hereby.

Appears in 1 contract

Samples: Trust Agreement (Mobil Corp)

Performance by Owner Participant. Any obligation of the -------------------------------- Owner Trustee in its individual capacity or as Owner Trustee hereunder or under any of the Facility Lease other Operative Documents or any other Transaction Document documents contemplated herein may be performed by the Owner Participant, and any such performance shall not be construed as a revocation of the trusts created hereby.

Appears in 1 contract

Samples: Trust Agreement (Delta Air Lines Inc /De/)

Performance by Owner Participant. Any obligation of the Bank or the Owner Trustee hereunder or under the Facility Lease or any other Transaction Operative Document or other document contemplated hereby, may be performed by the Owner ParticipantParticipant (without any obligation of Owner Participant to do so), and any such performance shall not be construed as a revocation of the trusts created hereby.

Appears in 1 contract

Samples: Trust Agreement (American Airlines Inc)

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Performance by Owner Participant. Any obligation of the Trust -------------------------------- Company or the Owner Trustee hereunder or under the Facility Lease or any other Transaction Operative Document or other document contemplated hereby may be performed by the Owner Participant, Participant and any such performance shall not be construed as a revocation of the trusts trust created hereby.

Appears in 1 contract

Samples: Trust Agreement (Mobil Corp)

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