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200403669
<br />AMERCO Notes Indenture to secure all of the obligations arising under or in connection
<br />with the New AMERCO Notes Indenture. The New AMERCO Notes Indenture and each
<br />document, instrument, and agreement executed in connection therewith shall constitute
<br />legal, valid, binding and authorized obligations of the respective parties thereto,
<br />enforceable in accordance with their terms. The security interests and liens granted
<br />pursuant to, or in connection with, the New AMERCO Notes Indenture shall constitute,
<br />as of the Effective Date, legal, valid and duly perfected first priority liens and security
<br />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 and Reorganized Debtors in connection with the New AMERCO
<br />Notes Indenture: (a) are legal, valid and enforceable; and (b) do not constitute
<br />preferential transfers or fraudulent conveyances under the Bankruptcy Code or any other
<br />applicable law.
<br />35. SAC Holding Senior Notes. Subject to the occurrence of the Effective Date:
<br />270895.5
<br />a. All exhibits to the Plan and documents and agreements necessary and appropriate to
<br />consummate the issuance of the SAC Holding Senior Notes, and the execution, delivery
<br />and performance of such documents and agreements in accordance with their respective
<br />terms, are approved, including, without limitation, the SAC Holding Senior Notes
<br />Indenture, the SAC Holding Participation and Subordination Agreement and the restated
<br />Existing SAC Holding Notes (collectively, the "SAC Holding Note Documents ").
<br />b. The Debtors, the Reorganized Debtors, SAC Holding and, if applicable, any subsidiaries
<br />of the Debtors, the Reorganized Debtors and SAC Holding, are authorized and
<br />empowered to execute and deliver all documents, agreements and instruments and take
<br />all actions reasonably necessary to effectuate the consummation and implementation of
<br />Plan, including, without limitation, the execution, delivery and performance of the SAC
<br />Holding Note Documents, and each other document, instrument, and agreement to be
<br />executed in connection therewith and the transactions contemplated thereby. All such
<br />documents, instruments, and agreements will, upon execution, be valid, binding and
<br />enforceable, to the extent applicable, against the Debtors, the Reorganized Debtors, SAC
<br />Holding, and any other person who is a party thereto, and is entered for good and
<br />valuable consideration, including the benefits of the Plan.
<br />c. Based upon the record of these Chapter I1 Cases, the issuance of the SAC Holding
<br />Senior Notes under the SAC Holding Indenture: (a) are legal, valid and enforceable; and
<br />(b) do not constitute preferential transfers or fraudulent conveyances under the
<br />Bankruptcy Code or any other applicable law.
<br />36. Restated BMO Master Lease. Subject to the occurrence of the Effective Date:
<br />17
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