Common use of Exercise of Remedies Clause in Contracts

Exercise of Remedies. Upon the occurrence and during the continuation of any Indenture Default under any Indenture, the Trustee may, to the extent it is the Controlling Party at such time, direct the exercise of remedies as provided in the Intercreditor Agreement.

Appears in 27 contracts

Samples: Pass Through Trust Agreement (Midway Airlines Corp), Pass Through Trust Agreement (Amtran Inc), Pass Through Trust Agreement (Midway Airlines Corp)

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Exercise of Remedies. Upon the occurrence and during the continuation of any Indenture Default under any Indenture, the Trustee may, to the extent it is the Controlling Party at such timetime (as determined pursuant to the Intercreditor Agreement), direct the exercise of remedies as provided in the Intercreditor Agreement.

Appears in 22 contracts

Samples: Pass Through Trust Agreement (Continental Airlines Inc /De/), Pass Through Trust Agreement (Continental Airlines Inc /De/), Pass Through Trust Agreement (America West Airlines Inc)

Exercise of Remedies. Upon the occurrence and during the continuation of any Indenture Default under any Indenture, the Trustee may, to the extent it is the Controlling Party at such time, direct the exercise of remedies as provided in the any Intercreditor Agreement.

Appears in 3 contracts

Samples: Pass Through Trust Agreement (America West Airlines Inc), Pass Through Trust Agreement (America West Airlines Inc), Pass Through Trust Agreement (America West Airlines Inc)

Exercise of Remedies. Upon the occurrence and during the continuation of any Indenture Default under any Indenture, the Trustee may, to the extent it is the Controlling Party at such timetime (as determined pursuant to the Intercreditor Agreement), direct the exercise of remedies as provided in the Intercreditor Agreement.. 42 36

Appears in 2 contracts

Samples: Pass Through Trust Agreement (Atlas Air Inc), Pass Through Trust Agreement (Atlas Air Inc)

Exercise of Remedies. Upon the ----------------- -------------------- occurrence and during the continuation of any Indenture Default under any Indenture, the Trustee may, to the extent it is the Controlling Party at such time, direct the exercise of remedies as provided in the Intercreditor Agreement.

Appears in 2 contracts

Samples: Pass Through Trust Agreement (Midway Airlines Corp), Pass Through Trust Agreement (Midway Airlines Corp)

Exercise of Remedies. Upon In respect of the Trusts of any class, upon the occurrence and during the continuation of any Indenture Default under any related Indenture, the Trustee may, to the extent it is the Controlling Party at such timetime (as determined pursuant to the Intercreditor Agreement), direct the exercise of remedies as provided in the Intercreditor Agreement.

Appears in 2 contracts

Samples: Pass Through Trust Agreement (United Air Lines Inc), Pass Through Trust Agreement (United Air Lines Inc)

Exercise of Remedies. Upon In respect ----------------- -------------------- of the Trusts of any class, upon the occurrence and during the continuation of any Indenture Default under any related Indenture, the Trustee may, to the extent it is the Controlling Party at such timetime (as determined pursuant to the Intercreditor Agreement), direct the exercise of remedies as provided in the Intercreditor Agreement.

Appears in 1 contract

Samples: Pass Through Trust Agreement (United Air Lines Inc)

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Exercise of Remedies. Upon ----------------- -------------------- the occurrence and during the continuation of any Indenture Default under any Indenture, the Trustee may, to the extent it is the Controlling Party at such time, direct the exercise of remedies as provided in the Intercreditor Agreement.

Appears in 1 contract

Samples: Pass Through Trust Agreement (Midway Airlines Corp)

Exercise of Remedies. Upon In respect of ----------------- -------------------- the Trusts of any class, upon the occurrence and during the continuation of any Indenture Default under any related Indenture, the Trustee may, to the extent it is the Controlling Party at such timetime (as determined pursuant to the Intercreditor Agreement), direct the exercise of remedies as provided in the Intercreditor Agreement.

Appears in 1 contract

Samples: Pass Through Trust Agreement (United Air Lines Inc)

Exercise of Remedies. Upon the occurrence and during the continuation of any Indenture Default under any Indenture, the Trustee may, to the 51 -44- extent it is the Controlling Party at such timetime (as determined pursuant to the Intercreditor Agreement), direct the exercise of remedies as provided in the Intercreditor Agreement.

Appears in 1 contract

Samples: Pass Through Trust Agreement (Continental Airlines Inc /De/)

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