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270895.5
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<br />200403669
<br />instruments, and agreements will, upon execution, be valid, binding and enforceable
<br />against the Debtors, the Reorganized Debtors, and any other person who is a party
<br />thereto, and is entered for good and valuable consideration, including the benefits of the
<br />Plan.
<br />c. The Debtors, the Reorganized Debtors and, if applicable, any subsidiaries of the Debtors
<br />and Reorganized Debtors, are authorized to grant valid, binding, enforceable and
<br />perfected security interests in and liens upon all collateral specified in the New Term
<br />Loan B Notes Indenture to secure all of the obligations arising under or in connection
<br />with the New Term Loan B Notes Indenture. The New Term Loan B Notes Indenture
<br />and each document, instrument, and agreement executed in connection therewith shall
<br />constitute legal, valid, binding and authorized obligations of the respective parties
<br />thereto, enforceable in accordance with their terms. The security interests and liens
<br />granted pursuant to, or in connection with, the New Term Loan B Notes Indenture shall
<br />constitute, as of the Effective Date, legal, valid and duly perfected first priority liens and
<br />security interests in and to the collateral specified therein.
<br />d. Based upon the record of these Chapter 11 Cases, the security interests and liens to be
<br />granted by the Debtors, the Reorganized Debtors, and, if applicable, any subsidiaries of
<br />the Debtors and Reorganized Debtors, in connection with the New Term Loan B Notes
<br />Indenture: (a) are legal, valid and enforceable; and (b) do not constitute preferential
<br />transfers or fraudulent conveyances under the Bankruptcy Code or any other applicable
<br />law.
<br />34. New AMERCO Notes. Subject to the occurrence of the Effective Date:
<br />a. All documents and agreements necessary and appropriate to implement the issuance of
<br />the New AMERCO Notes, and the execution, delivery and performance of such
<br />documents and agreements are approved, including, without limitation, the New
<br />AMERCO Notes Indenture (the "New AMERC6Notes Indenture ").
<br />b. The Debtors, the Reorganized Debtors and, if applicable, any subsidiaries of the Debtors
<br />and Reorganized Debtors, are authorized and empowered to execute and deliver all
<br />documents, agreements and instruments and take all actions reasonably necessary to
<br />effectuate the consummation and implementation of Plan, including, without limitation,
<br />the execution, delivery and performance of the New AMERCO Notes Indenture, and
<br />each other document, instrument, and agreement to be executed in connection therewith
<br />and the transactions contemplated thereby. All such documents, instruments, and
<br />agreements will, upon execution, be valid, binding and enforceable against the Debtors,
<br />the Reorganized Debtors, and any other person who is a party thereto, and is entered for
<br />good and valuable consideration, including the benefits of the Plan.
<br />c. The Debtors, the Reorganized Debtors and, if applicable, the subsidiaries of the Debtors
<br />and Reorganized Debtors, are authorized to grant valid, binding, enforceable and
<br />perfected security interests in and liens upon all collateral specified in the New
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