Common use of Assignment, Sale, etc Clause in Contracts

Assignment, Sale, etc. of Aircraft. Any assignment, sale, transfer or other conveyance of its interest in the Aircraft by the Owner Trustee made pursuant to the terms hereof or of the Lease or the Participation Agreement shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the Aircraft. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 11 contracts

Samples: Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Corp)

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Assignment, Sale, etc. of Aircraft. Aircraft Any assignment, sale, transfer or other conveyance of its interest in the Aircraft by the Owner Trustee made pursuant to the terms hereof of this Trust Agreement or of the Lease or the Participation Agreement shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the Aircraft. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 5 contracts

Samples: Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Atlas Air Inc)

Assignment, Sale, etc. of Aircraft. Any assignment, sale, transfer or other conveyance of its the Aircraft, any Engine or any interest in the Aircraft therein by the Owner Trustee made pursuant to in accordance with the express terms hereof or of the Lease or the Participation Agreement shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the Aircraft, such Engine or interest therein. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 4 contracts

Samples: Trust Agreement (Southwest Airlines Co), Trust Agreement (Southwest Airlines Co), Trust Agreement (Southwest Airlines Co)

Assignment, Sale, etc. of Aircraft. Any assignment, sale, transfer or other conveyance of its interest in the Aircraft by the Owner Trustee made pursuant to the terms hereof or of the Lease or the Participation Agreement shall bind the Owner Participant Participants and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant Participants in and to the Aircraft. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (United Air Lines Inc)

Assignment, Sale, etc. of Aircraft. Any assignment, sale, transfer or other conveyance of its the Aircraft, any Engine, any Part or any interest in the Aircraft therein by the Owner Trustee made pursuant to the terms hereof or of the Lease or the Participation Agreement shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the Aircraft, such Engine, such Part or interest therein. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Midway Airlines Corp)

Assignment, Sale, etc. of Aircraft. Any assignment, sale, transfer or other conveyance of its the Aircraft, any Engine, any Propeller or any interest in the Aircraft therein by the Owner Trustee made pursuant to the terms hereof or of the Lease or the Participation Agreement shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the Aircraft, such Engine or interest therein. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

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Assignment, Sale, etc. of Aircraft. Any assignment, sale, transfer or other conveyance of its interest in the Aircraft or any part thereof by the Owner Trustee made pursuant to the terms hereof or of the Lease or the Participation Agreement other Operative Documents shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the AircraftAircraft or any part thereof. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (American Airlines Inc)

Assignment, Sale, etc. of Aircraft. Any assignment, sale, transfer or other conveyance of its interest in the Aircraft by the Owner Trustee made pursuant to the terms hereof or of the Lease or the Participation Agreement shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the Aircraft. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 1 contract

Samples: Participation Agreement (Delta Air Lines Inc /De/)

Assignment, Sale, etc. of AircraftOF AIRCRAFT. Any assignment, sale, transfer or other conveyance of its interest in the Aircraft by the Owner Trustee made pursuant to the terms hereof of this Trust Agreement or of the Lease or the Participation Agreement any other Operative Document shall bind the Owner Participant Beneficiary and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant Beneficiary in and to the Aircraft. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.

Appears in 1 contract

Samples: Trust Agreement (Republic Airways Holdings Inc)

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