Common use of Indemnity for Indenture Trustee's Liens Clause in Contracts

Indemnity for Indenture Trustee's Liens. The Indenture --------------------------------------- Trustee, in its individual capacity, agrees to indemnify and hold harmless the Lessee, the Owner Participant, the Owner Trustee and each Noteolder from and against any actual out-of-pocket loss, cost, expense or damage (including but not limited to any reduction in the amount payable out of the Trust Estate or the Indenture Estate and any interference with the possession, operation or other use of all or any part of the Aircraft) which may be suffered by the Lessee, the Indenture Trustee, the Owner Participant, the Owner Trustee or any Noteholder as a result of the failure of the Indenture Trustee to discharge and satisfy any Indenture Trustee's Liens attributable to it in its individual capacity, as described in Section 5.04(b) hereof.

Appears in 1 contract

Samples: Participation Agreement (Midway Airlines Corp)

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Indemnity for Indenture Trustee's Liens. The Indenture --------------------------------------- Trustee, --------------------------------------- in its individual capacity, agrees to indemnify and hold harmless the Lessee, the Owner Participant, the Owner Trustee and each Noteolder Noteholder from and against any actual out-of-pocket loss, cost, expense or damage (including but not limited to any reduction in the amount payable out of the Trust Estate or the Indenture Estate and any interference with the possession, operation or other use of all or any part of the Aircraft) which may be suffered by the Lessee, the Indenture Trustee, the Owner Participant, the Owner Trustee or any Noteholder as a result of the failure of the Indenture Trustee to discharge and satisfy any Indenture Trustee's Liens attributable to it in its individual capacity, as described in Section 5.04(b) hereof.

Appears in 1 contract

Samples: Participation Agreement (Midway Airlines Corp)

Indemnity for Indenture Trustee's Liens. The Indenture --------------------------------------- Trustee, in its individual capacity, agrees to indemnify and hold harmless the Lessee, the Owner Participant, the Owner Trustee and each Noteolder the Pass-Through Trustee from and against any actual out-of-pocket loss, cost, expense or damage (including but not limited to any reduction in the amount payable out of the Trust Estate or the Trust Indenture Estate and any interference with the possession, operation or other use of all or any part of the Aircraft) which may be suffered by the Lessee, the Indenture Trustee, the Owner Participant, the Owner Trustee or any Noteholder the Pass-Through Trustee as a result of the failure of the Indenture Trustee to discharge and satisfy any Indenture Trustee's Liens attributable to it in its individual capacity, as described in Section 5.04(b) hereof.

Appears in 1 contract

Samples: Participation Agreement (Midway Airlines Corp)

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Indemnity for Indenture Trustee's Liens. The Indenture --------------------------------------- Trustee, in its individual capacity, agrees to indemnify and hold harmless the Lessee, the Owner Participant, the Owner Trustee and each Noteolder the Pass-Through Trustee from and against any actual out-of-pocket loss, cost, expense or damage (including but not limited to any reduction in the amount payable out of the Trust Estate or the Indenture Estate and any interference with the possession, operation or other use of all or any part of the Aircraft) which may be suffered by the Lessee, the Indenture Trustee, the Owner Participant, the Owner Trustee or any Noteholder the Pass-Through Trustee as a result of the failure of the Indenture Trustee to discharge and satisfy any Indenture Trustee's Liens attributable to it in its individual capacity, as described in Section 5.04(b) hereof.

Appears in 1 contract

Samples: Participation Agreement (Midway Airlines Corp)

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