Common use of MULTIPLE OWNER PARTICIPANTS Clause in Contracts

MULTIPLE OWNER PARTICIPANTS. If, as a result of a transfer by Owner Participant under Section 8.1, there is more than one Owner Participant under this Trust Agreement, each such Owner Participant shall hold in proportion to its respective beneficial interest in the Trust Estate an undivided beneficial interest in the entire Trust Estate and is entitled to receive ratably with any other Owner Participant payments distributable by Owner Trustee under this Trust Agreement. No Owner Participant shall have legal title to the Aircraft or any other portion of the Trust Estate.

MULTIPLE OWNER PARTICIPANTS. If, as a result of a transfer by an Owner Participant under Section 8.18.01 of this Trust Agreement, there is more than one Owner Participant under this Trust Agreementhereunder, each such Owner Participant shall hold in proportion to its respective beneficial interest in the Trust Estate Estate, an undivided beneficial interest in the entire Trust Estate and is entitled to receive ratably with any other Owner Participant Participant, payments distributable by the Owner Trustee under this Trust Agreementhereunder. No Owner Participant shall have legal title to the Aircraft Equipment or any other portion of the Trust Estate.

MULTIPLE OWNER PARTICIPANTS. If, as a result of a transfer by an --------------------------- Owner Participant under Section 8.18.01 of this Trust Agreement, there is more than one Owner Participant under this Trust Agreementhereunder, each such Owner Participant shall hold in proportion to its respective beneficial interest in the Trust Estate Estate, an undivided beneficial interest in the entire Trust Estate and is entitled to receive ratably with any other Owner Participant Participant, payments distributable by the Owner Trustee under this Trust Agreementhereunder. No Owner Participant shall have legal title to the Aircraft Aircraft, Airframe N608FF or any other portion of the Trust Estate.