Common use of Execution of Operative Agreements Clause in Contracts

Execution of Operative Agreements. This Agreement, the Trust Agreement, the OP Guaranty, the Lease, the Indenture, shall each be satisfactory in form and substance to the parties thereto, shall have been duly executed and delivered by the parties thereto, shall each be in full force and effect and executed counterparts of each shall have been delivered to each such party or its counsel; and no event shall have occurred and be continuing that constitutes a Lease Default or an Indenture Default.

Appears in 1 contract

Sources: Participation Agreement (Kansas City Southern)

Execution of Operative Agreements. This Agreement, the Trust Agreement, the OP Guaranty, the Lease, the Indenture, shall each be satisfactory in form and substance to the parties thereto, shall have been duly executed and delivered by the parties thereto, shall each be in full force and effect and executed counterparts of each shall have been delivered to each such party or its counsel; and no event shall have occurred and be continuing that constitutes a Lease Default or an Indenture Default.

Appears in 1 contract

Sources: Participation Agreement (Kansas City Southern)