Common use of Performance by the Owner Participant Clause in Contracts

Performance by the Owner Participant. Any obligation of SBC in its individual capacity or as Owner Trustee hereunder or under any other Operative Agreement or other document contemplated herein, may be performed by the Owner Participant and any such performance shall not be construed as a revocation of the trust created hereby.

Appears in 2 contracts

Samples: Trust Agreement (Southwest Airlines Co), Trust Agreement (Southwest Airlines Co)

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Performance by the Owner Participant. Any obligation of SBC in its individual capacity or as the Owner Trustee hereunder or under any other Operative Agreement or other document contemplated herein, may be performed by the Owner Participant and any such performance shall not be construed as a revocation of the trust created hereby.

Appears in 1 contract

Samples: Trust Agreement (Southwest Airlines Co)

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Performance by the Owner Participant. Any obligation of SBC in its individual capacity or as the Owner Trustee hereunder or under any other Operative Agreement TRUST AGREEMENT [N604SW] -16- 22 or other document contemplated herein, may be performed by the Owner Participant and any such performance shall not be construed as a revocation of the trust created hereby.

Appears in 1 contract

Samples: Trust Agreement (Southwest Airlines Co)

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