Common use of LESSEE'S RIGHT OF QUIET ENJOYMENT Clause in Contracts

LESSEE'S RIGHT OF QUIET ENJOYMENT. Notwithstanding any of the provisions of this Indenture to the contrary, so long as no Event of Default has occurred and is continuing unremedied, the Indenture Trustee will comply with Section 4(b) of the Lease to the same extent as if it were the Lessor under the Lease. Each Holder, by its acceptance thereof, consents in all respects to the terms of the Lease and agrees to the provisions of this Section 15.14. The Indenture Trustee acknowledges that any right it may have to possess, use, operate, store, lease, control, manage, sell, dispose of or otherwise deal with the Aircraft or any other property in which Lessee has any interest pursuant to the Lease is derivative of the rights of the Owner Trustee under the Lease and subject to the agreement of the Owner Trustee under Section 4(b) of the Lease as referred to in the second preceding sentence herein. * * *

Appears in 2 contracts

Samples: Trust Indenture and Security Agreement (Midway Airlines Corp), Note Purchase Agreement (Midway Airlines Corp)

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LESSEE'S RIGHT OF QUIET ENJOYMENT. Notwithstanding any of --------------------------------- the provisions of this Indenture to the contrary, so long as no Event of Default has occurred and is continuing unremedied, the Indenture Trustee will comply with Section 4(b) of the Lease to the same extent as if it were the Lessor under the Lease. Each Holder, by its acceptance thereof, consents in all respects to the terms of the Lease and agrees to the provisions of this Section 15.14. The Indenture Trustee acknowledges that any right it may have to possess, use, operate, store, lease, control, manage, sell, dispose of or otherwise deal with the Aircraft or any other property in which Lessee has any interest pursuant to the Lease is derivative of the rights of the Owner Trustee under the Lease and subject to the agreement of the Owner Trustee under Section 4(b) of the Lease as referred to in the second preceding sentence herein. * * *

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

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LESSEE'S RIGHT OF QUIET ENJOYMENT. Notwithstanding any --------------------------------- of the provisions of this Indenture to the contrary, so long as no Event of Default has occurred and is continuing unremedied, the Indenture Trustee will comply with Section 4(b) of the Lease to the same extent as if it were the Lessor under the Lease. Each Holder, by its acceptance thereof, consents in all respects to the terms of the Lease and agrees to the provisions of this Section 15.14. The Indenture Trustee acknowledges that any right it may have to possess, use, operate, store, lease, control, manage, sell, dispose of or otherwise deal with the Aircraft or any other property in which Lessee has any interest pursuant to the Lease is derivative of the rights of the Owner Trustee under the Lease and subject to the agreement of the Owner Trustee under Section 4(b) of the Lease as referred to in the second preceding sentence herein. * * *

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Midway Airlines Corp)

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