Common use of Execution and Delivery of Deposit Agreement Clause in Contracts

Execution and Delivery of Deposit Agreement. The Deposit Agreements, when duly authorized, executed and delivered by the Depositary, assuming that such Deposit Agreements have been duly authorized, executed and delivered by, and constitute the legal, valid and binding obligations of, the Escrow Agent, will constitute the legal, valid and binding obligations of the Depositary, enforceable in accordance with their terms, except (x) as enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or other similar laws now or hereinafter in effect relating to creditors’ rights generally and (y) as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 3 contracts

Samples: Underwriting Agreement (American Airlines Inc), Intercreditor Agreement (American Airlines Inc), Underwriting Agreement (American Airlines Inc)

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Execution and Delivery of Deposit Agreement. The Deposit AgreementsAgreement, when duly authorized, executed and delivered by the Depositary, assuming that such the Deposit Agreements have Agreement has been duly authorized, executed and delivered by, and constitute the legal, valid and binding obligations obligation of, the Escrow Agent, will constitute the legal, valid and binding obligations obligation of the Depositary, enforceable in accordance with their its terms, except (x) as enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or other similar laws now or hereinafter in effect relating to creditors’ rights generally and (y) as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Underwriting Agreement (American Airlines, Inc.)

Execution and Delivery of Deposit Agreement. The Deposit AgreementsAgreement, when duly authorized, executed and delivered by the Depositary, assuming that such Deposit Agreements Agreement have been duly authorized, executed and delivered by, and constitute the legal, valid and binding obligations of, the Escrow Agent, will constitute the legal, valid and binding obligations of the Depositary, enforceable in accordance with their terms, except (x) as enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or other similar laws now or hereinafter in effect relating to creditors’ rights generally and (y) as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Underwriting Agreement (American Airlines Inc)

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Execution and Delivery of Deposit Agreement. The Deposit AgreementsAgreement, when duly authorized, executed and delivered by the Depositary, assuming that such the Deposit Agreements have has been duly authorized, executed and delivered by, and constitute the legal, valid and binding obligations obligation of, the Escrow Agent, will constitute the legal, valid and binding obligations obligation of the Depositary, enforceable in accordance with their its terms, except (x) as enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or other similar laws now or hereinafter in effect relating to creditors’ rights generally and (y) as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Underwriting Agreement (American Airlines, Inc.)

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