Trustee Warranties. The Trustee warrants that: (a) it has full power and authority to enter into this Agreement and to perform the Trustee’s obligations under this Agreement and the Trust Deed; (b) it is the sole trustee of the Trust and no action has been taken to remove or replace the Trustee; and (c) it has the right to be fully indemnified out of the assets of the Trust in respect of all its obligations under this Agreement, and the Trustee has not done or omitted to do anything that would result in its right of indemnity being restricted or limited in any way.
Appears in 5 contracts
Samples: User Funding – Rail Corridor Agreement, User Funding – Rail Corridor Agreement, User Funding – Extension Infrastructure Sub Lease
Trustee Warranties. The Trustee warrants that:
(a) it has full power and authority to enter into this Agreement the Transaction Documents to which it is party and to perform the Trustee’s obligations under this Agreement and the Trust DeedTransaction Documents;
(b) it is the sole trustee of the Trust and no action has been taken to remove or replace the Trustee; and
(c) it has the right to be fully indemnified out of the assets of the Trust in respect of all its obligations under this Agreementthe Transaction Documents, and the Trustee has not done or omitted to do anything that would result in its right of indemnity being restricted or limited in any way.
Appears in 5 contracts
Samples: User Funding Agreement, User Funding – Extension Project Agreement, Extension Project Agreement
Trustee Warranties. The Trustee warrants that:
(a) it has full power and authority to enter into this Agreement Deed and to perform the Trustee’s obligations under this Agreement Deed and the Trust Deed;
(b) it is the sole trustee of the Trust and no action has been taken to remove or replace the TrusteeTrustee as trustee of the Trust; and
(c) it has the right to be fully indemnified out of the assets of the Trust in respect of all its obligations under this AgreementDeed, and the Trustee has not done or omitted to do anything that would result in its right of indemnity being restricted or limited in any way.
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