Common use of Extent of Interest of Certificate Holders Clause in Contracts

Extent of Interest of Certificate Holders. No Certificate Holder (as defined in the Trust Indenture) shall have any further interest in, or other right with respect to, the mortgage and security interests created by the Trust Indenture when and if the principal of and interest on all Secured Certificates held by such holder and all other sums payable to such holder hereunder, under the Trust Indenture and under such Secured Certificates shall have been paid in full.

Appears in 9 contracts

Samples: Participation Agreement (Northwest Airlines Inc /Mn), Participation Agreement (Northwest Airlines Inc /Mn), Participation Agreement (Northwest Airlines Inc /Mn)

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Extent of Interest of Certificate Holders. No Certificate Holder or Related Certificate Holder (each term as defined in the Trust Indenture) shall have any further interest in, or other right with respect to, the mortgage and security interests created by the Trust Indenture when and if the principal of and interest on all Secured Certificates or Related Secured Certificates, as the case may be, held by such holder and all other sums payable to such holder hereunder, under the Trust Indenture and under such Secured Certificates or Related Secured Certificates shall have been paid in full.

Appears in 1 contract

Samples: Participation Agreement (Northwest Airlines Corp)

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