Execution of Transaction Documents; Direction to Indenture Trustee Sample Clauses
This clause establishes the authority and procedures for executing transaction documents and instructing the Indenture Trustee in connection with a financial transaction. It typically specifies which parties are responsible for signing the necessary agreements and how formal directions or instructions are to be communicated to the Indenture Trustee, such as requiring written instructions from authorized representatives. The core function of this clause is to ensure that all transaction documents are properly executed and that the Indenture Trustee acts only upon valid and authorized directions, thereby maintaining orderly administration and reducing the risk of unauthorized actions.
Execution of Transaction Documents; Direction to Indenture Trustee. The Owner Trustee is authorized and directed, on behalf of the Issuer, to (i) execute and deliver the Transaction Documents to which the Issuer is a party and the other documents required to be delivered on the Closing Date by the Issuer under the Transaction Documents and (ii) direct the Indenture Trustee to authenticate and deliver the Notes.