Common use of Extent of Interest of Holders Clause in Contracts

Extent of Interest of Holders. No Holder 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 outstanding principal amount of, Break Amount, if any, Premium, if any, and interest on all Certificates held by such Holder and all other sums payable to such Holder hereunder, under the Trust Indenture and under such Certificates shall have been paid in full. Each Holder, by its acceptance of a Certificate, agrees that it will look solely to the income and proceeds from the Trust Indenture Estate to the extent available for distribution to such Holder as provided in Section 2.09 of the Trust Indenture and that neither the Owner Participant nor the Owner Trustee shall be personally liable to any Holder for any amounts payable under the Certificates, the Trust Indenture, hereunder, or under any other Operative Agreement (including, without limitation, amounts payable as Premium or Break Amount), except as expressly provided in this Agreement or (in the case of the Owner Trustee) in the Trust Indenture.

Appears in 3 contracts

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

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Extent of Interest of Holders. No Holder 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 outstanding principal amount of, Break Amount, if any, Premium, if any, and interest on all Certificates held by such Holder and all other sums payable to such Holder hereunder, under the Trust Indenture and under such Certificates shall have been paid in full. Each Holder, by its acceptance of a Certificate, agrees that it will look solely to the income and proceeds from the Trust Indenture Estate to the extent available for distribution to such Holder as provided in Section 2.09 of the Trust Indenture and that neither the Owner Participant nor the Owner Trustee shall be personally liable to any Holder for any amounts payable under the Certificates, the Trust PARTICIPATION AGREEMENT [N603SW] -14- 20 Indenture, hereunder, or under any other Operative Agreement (including, without limitation, amounts payable as Premium or Break Amount), except as expressly provided in this Agreement or (in the case of the Owner Trustee) in the Trust Indenture.

Appears in 1 contract

Samples: Participation Agreement (Southwest Airlines Co)

Extent of Interest of Holders. No Holder 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 outstanding principal amount Original Amount of, Break Amount, if any, Premium, if any, and interest on all Certificates held by such Holder and all other sums payable to such Holder hereunder, under the Trust Indenture and under such Certificates shall have been paid in full. Each Holder, Holder by its acceptance of a Certificate, agrees that it will look solely to the income and proceeds from the Trust Indenture Estate to the extent available for distribution to such Holder as provided in Section 2.09 2.03 of the Trust Indenture and that neither the Owner Participant nor the Owner Trustee shall be personally liable to any Holder for any amounts payable under the Certificates, the Trust Indenture, hereunder, or under any other Operative Agreement Documents (including, without limitation, amounts payable as Premium or Break Amount, if any), except as expressly provided in this Agreement or (in the case of the Owner Trustee) in the Trust Indenture.

Appears in 1 contract

Samples: Participation Agreement (United Air Lines Inc)

Extent of Interest of Holders. No Holder 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 outstanding principal amount of, Break Amount, if any, Premium, if any, and interest on all Certificates held by such Holder and all other sums payable to such Holder hereunder, under the Trust Indenture and under such Certificates shall have been paid in full. Each Holder, by its acceptance of a Certificate, agrees that it will look solely to the income and proceeds from the Trust Indenture Estate to the extent available for distribution to such Holder as provided in Section 2.09 of the Trust Indenture and that neither the Owner Participant nor the Owner Trustee shall be personally liable to any Holder for any amounts payable under the Certificates, the Trust Indenture, hereunder, or under any other Operative Agreement (including, without limitation, amounts payable as Premium or Break Amount), except as expressly provided in this Agreement or (in the case of the Owner Trustee) in the Trust Indenture, and that neither the Owner Participant nor the Owner Trustee shall have any liability to any Holder in respect of the Deferred Equity Amount or the Second Payment Amount.

Appears in 1 contract

Samples: Participation Agreement (Southwest Airlines Co)

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Extent of Interest of Holders. No Holder 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 outstanding principal amount of, Break Amount, if any, Premium, if any, and interest on all Certificates held by such Holder and all other sums payable to such Holder hereunder, under the Trust Indenture and under such Certificates shall have been paid in full. Each Holder, by its acceptance of a Certificate, agrees that it will look solely to the income and proceeds from the Trust Indenture Estate to the extent available for distribution to such Holder as provided in Section 2.09 of the Trust Indenture and that neither the Owner Participant nor the Owner Trustee shall be personally liable to any Holder for any amounts payable under the Certificates, the Trust Indenture, hereunder, or under any other Operative Agreement (including, without limitation, amounts payable as Premium or Break Amount), except as expressly provided in this Agreement or (in the case of the Owner Trustee) in the Trust Indenture, and that neither the Owner Participant nor the Owner Trustee shall have any liability to any Holder in respect of the Deferred Equity Amount or the Second Payment Amount. SECTION 7.

Appears in 1 contract

Samples: Participation Agreement (Southwest Airlines Co)

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