Common use of Obsolete Property Clause in Contracts

Obsolete Property. Mortgagor shall have the rights granted to it with respect to the disposition of certain Tangible Personal Property secured hereby pursuant to Section 4.3 of the Trust Indenture (but subject to all restrictions pertaining thereto), the terms of which are incorporated herein by reference. Mortgagee shall, from time to time, promptly execute any written instrument in form satisfactory to Mortgagee to confirm the propriety of any action taken by Mortgagor under this Section 2.02, upon receipt by Mortgagee of a Mortgagor Request requesting the same, together with an Officers' Certificate stating that the action so to be confirmed was duly taken in conformity with this Section 2.02, and that the execution of such written instrument is appropriate to confirm the propriety of such action under this Section 2.02; provided, that Mortgagee shall have no liability thereunder and all costs and expenses (including, without limitation, reasonable attorneys' fees and disbursements) shall be paid by Mortgagor.

Obsolete Property. Mortgagor shall have the rights granted to it with respect to the disposition of certain Tangible Personal Property secured hereby pursuant to Section 4.3 of the Trust Indenture (but subject to all restrictions pertaining thereto), the terms of which are incorporated herein by reference. Mortgagee shall, from time to time, promptly execute any written instrument in form satisfactory to Mortgagee to confirm the propriety of any action taken by Mortgagor under this Section 2.022.2, upon receipt by Mortgagee of a Mortgagor Request requesting the same, together with an Officers' Certificate stating that the action so to be confirmed was duly taken in conformity with this Section 2.022.2, and that the execution of such written instrument is appropriate to confirm the propriety of such action under this Section 2.022.2; provided, that Mortgagee shall have no liability thereunder and all costs and expenses (including, without limitation, reasonable attorneys' fees and disbursements) shall be paid by Mortgagor.