Common use of Authorization; Acceptance of Trusts and Duties Clause in Contracts

Authorization; Acceptance of Trusts and Duties. Each of the Class A Trustee, the Class B Trustee and the Class C Trustee hereby designates and appoints the Subordination Agent as the agent and trustee of such Trustee under the applicable Liquidity Facility and authorizes the Subordination Agent to enter into the applicable Liquidity Facility as agent and trustee for such Trustee. Each of the Liquidity Providers and the Trustees hereby designates and appoints the Subordination Agent as the Subordination Agent under this Agreement. WTC hereby accepts the duties hereby created and applicable to it as the

Appears in 1 contract

Sources: Intercreditor Agreement (Atlas Air Inc)

Authorization; Acceptance of Trusts and Duties. Each of the Class A Trustee, the Class B Trustee and the Class C B Trustee hereby designates and appoints the Subordination Agent as the agent and trustee of such Trustee under the applicable Liquidity Facility and authorizes the Subordination Agent to enter into the applicable Liquidity Facility as agent and trustee for such Trustee. Each of the Liquidity Providers and the Trustees hereby designates and appoints the Subordination Agent as the Subordination Agent under this Agreement. WTC hereby accepts the duties hereby created and applicable to it as the

Appears in 1 contract

Sources: Intercreditor Agreement (Continental Airlines Inc /De/)