Common use of Identification of Collateral Agent’s Interest Clause in Contracts

Identification of Collateral Agent’s Interest. As soon as practicable, the Company agrees to fix and maintain (or cause to be fixed and maintained), at its expense, in the cockpit of the Airframes adjacent to the airworthiness certificate therein and on each Engine a nameplate bearing the inscription: “SUBJECT TO AN AIRCRAFT MORTGAGE AND SECURITY AGREEMENT IN FAVOR OF THE CHASE MANHATTAN BANK, AS COLLATERAL AGENT” (such nameplate to be replaced, if necessary, with a nameplate reflecting the name of any successor Collateral Agent). Except as above provided, the Company will not allow the name of any Person (other than the Company) to be placed on the Airframes or the Engines as a designation that might be interpreted as a claim of security interest or ownership; provided that nothing herein contained shall prohibit the Company (or any Lessee) from placing its customary colors and insignia on the Airframes or the Engines.

Appears in 2 contracts

Samples: Aircraft Mortgage and Security Agreement (Northwest Airlines Corp), Aircraft Mortgage and Security Agreement (Northwest Airlines Corp)

AutoNDA by SimpleDocs

Identification of Collateral Agent’s Interest. As soon as practicable, the Company agrees to fix and maintain (or cause to be fixed and maintained), at its expense, in the cockpit of the Airframes adjacent to the airworthiness certificate therein and on each Engine a nameplate bearing the inscription: "SUBJECT TO AN AIRCRAFT MORTGAGE AND SECURITY AGREEMENT IN FAVOR OF THE CHASE MANHATTAN BANK, AS COLLATERAL AGENT" (such nameplate to be replaced, if necessary, with a nameplate reflecting the name of any successor Collateral Agent). Except as above provided, the Company will not allow the name of any Person (other than the Company) to be placed on the Airframes or the Engines as a designation that might be interpreted as a claim of security interest or ownership; provided that nothing herein contained shall prohibit the Company (or any Lessee) from placing its customary colors and insignia on the Airframes or the Engines.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Northwest Airlines Corp)

AutoNDA by SimpleDocs

Identification of Collateral Agent’s Interest. As On or prior to the date of the Loan, or as soon as practicablepracticable thereafter, the Company agrees to fix and maintain (or cause to be fixed and maintained), at its expense, in the cockpit of the Airframes Airframe adjacent to the airworthiness certificate therein and on each Engine a nameplate bearing the inscription: “SUBJECT TO AN AIRCRAFT A MORTGAGE AND SECURITY AGREEMENT IN FAVOR OF THE CHASE MANHATTAN BANK***, AS COLLATERAL AGENT” (such nameplate to be replaced, if necessary, with a nameplate reflecting the name of any successor Collateral Agent). Except as above provided, the Company will not allow the name of any Person (other than the Company) to be placed on the Airframes Airframe or the Engines on any Engine as a designation that might be interpreted as a claim of security interest or ownership; provided that nothing herein contained shall prohibit the Company (or any Lessee) from placing its customary colors and insignia on the Airframes Airframe or the Enginesany Engine.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Northwest Airlines Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!