Common use of EXTENT OF INTEREST OF NOTE HOLDERS Clause in Contracts

EXTENT OF INTEREST OF NOTE HOLDERS. No Note 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 principal of and interest on all Equipment Notes held by such holder and all other sums payable to such holder hereunder, under the Trust Indenture and under such Equipment Notes shall have been paid in full. Each Pass Through Trustee and, by its acceptance of a Equipment Note, each Note Holder agrees that it will look solely to the income and proceeds from the Trust Indenture Estate to the extent available for distribution to such Note Holder as provided in Article III of the Trust Indenture and that neither the Owner Participant nor the Owner Trustee shall be personally liable to the Pass Through Trustees or any Note Holder for any amounts payable under the Equipment Notes, the Trust Indenture or hereunder, except as expressly provided in the Operative Documents.

EXTENT OF INTEREST OF NOTE HOLDERS. No Note 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 principal of and interest on all Equipment Notes held by such holder and all other sums payable to such holder hereunder, under the Trust Indenture and under such Equipment Notes shall have been paid in full. Each Pass Through Trustee and, by its acceptance of a an Equipment Note, each Note Holder agrees that it will look solely to the income and proceeds from the Trust Indenture Estate to the extent available for distribution to such Note Holder as provided in Article III of the Trust Indenture and that neither the Owner Participant nor the Owner Trustee shall be personally liable to the Pass Through Trustees or Trustees, any Note Holder or any other Person for any amounts payable under the Equipment Notes, the Trust Indenture or hereunder, except as expressly provided in the Operative Documents.

EXTENT OF INTEREST OF NOTE HOLDERS. No Note 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 principal of and interest on all Equipment Notes held by such holder and all other sums payable to such holder hereunder, under the Trust Indenture and under such Equipment Notes shall have been paid in full. Each Pass Through Trustee and, by its acceptance of a an Equipment Note, each Note Holder agrees that it will look solely to the income and proceeds from the Trust Indenture Estate to the extent available for distribution to such Note Holder as provided in Article III of the Trust Indenture and that neither the Owner Participant nor the Owner Trustee shall be personally liable to the Pass Through Trustees or any Note Holder for any amounts payable under the Equipment Notes, the Trust Indenture or hereunder, except as expressly provided in the Operative Documents.