Termination at Option of the Trustor. Notwithstanding Section 4.01 hereof, this Agreement and the trust created hereby shall terminate and the Trust Estate shall be distributed to the Trustor, and this Agreement shall be of no further force and effect, upon the election of the Trustor by notice to the Owner Trustee, if such notice shall be accompanied by the written agreement (in form and substance satisfactory to the Owner Trustee) of the Trustor assuming all the obligations of the Owner Trustee under or contemplated by the Operative Agreements or incurred by it as trustee hereunder and releasing the Owner Trustee therefrom; provided, however, that such notice may be given only after the time the Lien of the Indenture is discharged under Section 14.01 of the Indenture and the Lease has terminated unless the Trustor shall have received the prior written consent of the Indenture Trustee to any such termination in which case such notice may be given while the Lien of the Indenture is outstanding.
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Samples: Participation Agreement (Atlantic Coast Airlines Inc), Trust Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp)
Termination at Option of the Trustor. Notwithstanding Section 4.01 hereof, this Agreement and the trust created hereby shall terminate and the Trust Estate shall be distributed to the Trustor, and this Agreement shall be of no further force and effect, upon the election of the Trustor by notice to the Owner Trustee, if such notice shall be accompanied by the written agreement (in form and substance satisfactory to the Owner Trustee) of the Trustor assuming all the obligations of the Owner Trustee under or contemplated by the Operative Agreements or incurred by it as trustee hereunder and releasing the Owner Trustee therefrom; provided, however, that such notice may be given only after the time the Lien of the Indenture is discharged under Section 14.01 of the Indenture and the Lease has terminated unless the Trustor shall have received the prior written consent of the Indenture Trustee to any such termination in which case such notice may be given while the Lien of the Indenture is outstanding.
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