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270895.5
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<br />200403669
<br />a. All documents and agreements necessary and appropriate to implement the Restated
<br />BMO Master Lease, and the execution, delivery and performance of such documents and
<br />agreements are approved.
<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 Restated BMO Master Lease, and each
<br />other document, instrument, and agreement to be executed in connection therewith and
<br />the transactions contemplated thereby. All such documents, instruments, and agreements
<br />will, upon execution, be valid, binding and enforceable against the Debtors, the
<br />Reorganized Debtors, and any other person who is a party thereto, irrespective of whether
<br />they voted to accept the Plan or executed the Restated BMO Master Lease, and is entered
<br />for good and valuable consideration, including the benefits of the Plan.
<br />c. The Debtors, the Reorganized Debtors and, to the extent applicable, any subsidiaries of
<br />the Debtors and Reorganized Debtors, are authorized to reaffirm and, to the extent
<br />applicable, grant valid, binding, enforceable and perfected security interests in and liens
<br />upon all collateral specified in the Restated BMO Master Lease to secure all of the
<br />obligations arising under or in connection with the Restated BMO Master Lease. The
<br />Restated BMO Master Lease and each document, instrument, and agreement executed in
<br />connection therewith shall constitute legal, valid, binding and authorized obligations of
<br />the respective parties thereto, enforceable in accordance with their terms. The security
<br />interests and liens reaffirmed and, to the extent applicable, granted pursuant to, or in
<br />connection with, the Restated BMO Master Lease, including, without limitation, the
<br />security interests and liens that may be granted by the lessor under the Restated BMO
<br />Master Lease, shall constitute, as of the Effective Date, legal, valid and duly perfected
<br />first priority liens and 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 />reaffirmed and, to the extent applicable, granted by the Debtors, the Reorganized Debtors
<br />and, if applicable, any subsidiaries of the Debtors and Reorganized Debtors, in
<br />connection with the Restated BMO Master Lease: (a) are legal, valid and enforceable;
<br />and (b) do not constitute preferential transfers or fraudulent conveyances under the
<br />Bankruptcy Code or any other applicable law. In addition, in the event of a subsequent
<br />proceeding under the Bankruptcy Code filed by or against Reorganized AREC or U-
<br />Haul, the Restated BMO Master Lease, and the obligations thereunder, shall be treated as
<br />secured indebtedness.
<br />37. Restated Citibank Master Lease. Subject to the occurrence of the Effective Date:
<br />a. All documents and agreements necessary and appropriate to implement the Restated
<br />Citibank Master Lease, and the execution, delivery and performance of such documents
<br />and agreements are approved.
<br />CJ
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