Common use of Trust Existence Clause in Contracts

Trust Existence. The Issuer will keep in full effect its existence, rights and franchises as a trust under the laws of Delaware (unless it or any successor Issuer becomes a trust under the laws of any other State or the United States of America in which case the Issuer shall keep in full effect its existence, rights and franchises as a trust under the laws of such other jurisdiction), and will obtain and preserve its qualification to do business as a foreign entity in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Indenture, the Bonds issued thereby, and any other agreement to which it is a party relating to any Series; provided, however, that the Owner Trustee shall not be required to do business as a foreign entity in any jurisdiction for the purposes of satisfying the requirements of this Section 3.05.

Trust Existence. The Issuer will keep in full effect its existence, rights and franchises as a trust under the laws of Delaware (unless it or any successor Issuer becomes a trust under the laws of any other State or the United States of America in which case the Issuer shall keep in full effect its existence, rights and franchises as a trust under the laws of such other jurisdiction), and will obtain and preserve its qualification to do business as a foreign entity in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Indenture, the Bonds issued thereby, and any other agreement to which it is a party relating to any Seriesparty; provided, however, that the Owner Trustee shall not be required to do business as a foreign entity in any jurisdiction for the purposes of satisfying the requirements of this Section 3.05.

Trust Existence. The Issuer will keep in full effect its existence, rights and franchises as a trust under the laws Laws of Delaware (unless it or any successor Issuer becomes a trust under the laws Laws of any other State or the United States of America America, in which case the Issuer shall keep in full effect its existence, rights and franchises as a trust under the laws Laws of such other jurisdiction), and will obtain and preserve its qualification to do business as a foreign entity in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Indenture, the Bonds issued thereby, and any other agreement to which it is a party relating to any Seriesparty; provided, however, that the Owner Trustee shall not be required to do business as a foreign entity in any jurisdiction for the purposes of satisfying the requirements of this Section 3.05.