Common use of No Action Unless Specifically Authorized Clause in Contracts

No Action Unless Specifically Authorized. The Lease Trustee shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Lease Trust Estate except (a) in accordance with the powers granted to and the authority conferred upon the Lease Trustee pursuant to this Agreement, (b) in accordance with the other Basic Documents to which the Lease Trust or the Lease Trustee is a party and (c) in accordance with any document or instruction delivered to the Lease Trustee pursuant to Section 6.3. In particular, the Lease Trustee shall not transfer, sell, pledge, assign or convey the Series 1996-1

Appears in 1 contract

Sources: Lease Trust Agreement (RCL Trust 1996 1)

No Action Unless Specifically Authorized. The Lease Trustee shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Lease Trust Estate except (a) in accordance with the powers granted to and the authority conferred upon the Lease Trustee pursuant to this Agreement, (b) in accordance with the other Basic Documents to which the Lease Trust or the Lease Trustee is a party and (c) in accordance with any document or instruction delivered to the Lease Trustee pursuant to Section 6.3. In particular, the Lease Trustee shall not transfer, sell, pledge, assign or convey the Series 19962000-11 Certificates except as specifically required or permitted by the Basic Documents.

Appears in 1 contract

Sources: Lease Trust Agreement (Fcal LLC)

No Action Unless Specifically Authorized. The Lease Trustee shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Lease Trust Estate except (a) in accordance with the powers granted to and the authority conferred upon the Lease Trustee pursuant to this Agreement, (b) in accordance with the other Basic Documents to which the Lease Trust or the Lease Trustee is a party and (c) in accordance with any document or instruction delivered to the Lease Trustee pursuant to Section 6.3. In particular, the Lease Trustee shall not transfer, sell, pledge, assign or convey the Series 1996-11 Certificates except as specifically required or permitted by the Basic Documents.

Appears in 1 contract

Sources: Lease Trust Agreement (RCL Trust 1996 1)