ON ANY TRANSFER DATE
SHALL BE DEEMED TO INCLUDE THE TRANSFER OF THE BENEFICIAL INTEREST IN AN OWNER
TRUST WHICH OWNS THE APPLICABLE ENGINE, AND WHICH IS TRANSFERRED ON SUCH
TRANSFER DATE.
SECTION 103.
COMPUTATION OF TIME PERIODS.
UNLESS OTHERWISE STATED IN THIS
INDENTURE
OR ANY SUPPLEMENT ISSUED PURSUANT TO THE TERMS HEREOF, IN THE
COMPUTATION OF A PERIOD OF TIME FROM A SPECIFIED DATE TO A LATER SPECIFIED DATE,
THE WORD "FROM" MEANS "FROM AND INCLUDING" AND THE WORDS "TO" AND "UNTIL" EACH
MEANS "TO BUT EXCLUDING."
SECTION 104.
DUTIES OF ADMINISTRATIVE AGENT.
ALL OF THE DUTIES AND
RESPONSIBILITIES OF THE ADMINISTRATIVE AGENT SET FORTH IN THIS INDENTURE AND ANY
SUPPLEMENT ISSUED PURSUANT HERETO ARE SUBJECT IN ALL RESPECTS TO THE TERMS AND
CONDITIONS OF THE ADMINISTRATION AGREEMENT.
EACH OF THE ISSUER, THE INDENTURE
TRUSTEE AND, BY ACCEPTANCE OF ITS NOTES, EACH NOTEHOLDER HEREBY ACKNOWLEDGE THE
TERMS OF THE ADMINISTRATION AGREEMENT AND AGREE TO COOPERATE WITH THE
ADMINISTRATIVE AGENT IN ITS EXECUTION OF ITS DUTIES AND RESPONSIBILITIES.
EACH
NOTEHOLDER, BY ACCEPTANCE OF ITS NOTES, (I) AUTHORIZES AND INSTRUCTS THE
INDENTURE TRUSTEE TO ENTER INTO THE ADMINISTRATION AGREEMENT ON ITS BEHALF; (II)
ACKNOWLEDGES AND APPROVES THE APPOINTMENT OF THE ADMINISTRATIVE AGENT AND (III)
AGREES THAT THE INDENTURE TRUSTEE SHOULD HAVE NO LIABILITY FOR THE ACTS OR
OMISSIONS OF THE ADMINISTRATIVE AGENT.
25
ARTICLE II
THE NOTES
SECTION 201.
AUTHORIZATION OF NOTES.
(A)
THE NUMBER OF SERIES OR CLASSES OF
NOTES WHICH MAY BE CREATED BY THIS INDENTURE IS NOT LIMITED; PROVIDED, HOWEVER,
THAT THE OUTSTANDING OBLIGATIONS OF EACH SERIES (IN EACH CASE CALCULATED AFTER
GIVING EFFECT TO THE ISSUANCE OF EACH SUCH SERIES) SHALL NOT EXCEED AN AMOUNT
EQUAL TO THE ASSET BASE FOR SUCH SERIES.
THE AGGREGATE PRINCIPAL AMOUNT OF
NOTES OF EACH SERIES WHICH MAY BE ISSUED, AUTHENTICATED AND DELIVERED UNDER THIS
INDENTURE IS NOT LIMITED EXCEPT AS SHALL BE SET FORTH IN ANY SUPPLEMENT AND AS
RESTRICTED BY THE PROVISIONS OF THIS INDENTURE.
(B)
THE NOTES ISSUABLE UNDER THIS INDENTURE SHALL BE ISSUED IN SUCH
SERIES, AND SUCH
CLASS OR CLASSES WITHIN A SERIES, AS MAY FROM TIME TO TIME BE
CREATED BY SUPPLEMENT PURSUANT TO THIS INDENTURE.
EACH SERIES SHALL BE CREATED
BY A DIFFERENT SUPPLEMENT AND SHALL BE DESIGNATED TO DIFFERENTIATE THE NOTES OF
SUCH SERIES FROM THE NOTES OF ANY OTHER SERIES.
(C)
UPON SATISFACTION OF AND COMPLIANCE WITH THE REQUIREMENTS AND
CONDITIONS TO CLOSING SET FORTH IN THE RELATED SUPPLEMENT, NOTES OF THE SERIES
TO BE EXECUTED AND DELIVERED ON A PARTICULAR SERIES ISSUANCE DATE PURSUANT TO
SUCH RELATED SUPPLEMENT MAY BE EXECUTED BY THE ISSUER AND DELIVERED TO THE
INDENTURE TRUSTEE FOR AUTHENTICATION FOLLOWING THE EXECUTION AND DELIVERY OF THE
RELATED SUPPLEMENT CREATING SUCH SERIES OR FROM TIME TO TIME THEREAFTER, AND THE
INDENTURE TRUSTEE SHALL AUTHENTICATE AND DELIVER NOTES UPON AN ISSUER REQUEST
SET FORTH IN AN OFFICER'S CERTIFICATE OF THE ISSUER SIGNED BY ONE OF ITS
AUTHORIZED SIGNATORIES, WITHOUT FURTHER ACTION ON THE PART OF THE ISSUER.
SECTION 202.