NATURE OF OBLIGATIONS OF PARTICIPANTS. The obligations hereunder of each Participant are several, and not joint, and a Participant shall have no obligation to make available to Owner Trustee any portion of any amount not paid hereunder by any other Participant. The failure by either Participant to perform its obligations hereunder shall not affect the obligations of Lessee toward the other Participant, except to the extent provided in Section 5.4.
Appears in 12 contracts
Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/)
NATURE OF OBLIGATIONS OF PARTICIPANTS. The obligations hereunder of each Participant are several, and not joint, and a Participant shall have no obligation to make available to Owner Trustee any portion of any amount not paid hereunder by any other Participant. The failure by either any Participant to perform its obligations hereunder shall not affect the obligations of Lessee toward the other ParticipantParticipants, except to the extent provided in Section 5.4.
Appears in 6 contracts
Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Atlas Air Inc), Participation Agreement (Atlas Air Inc)
NATURE OF OBLIGATIONS OF PARTICIPANTS. The obligations hereunder of each Participant are several, and not joint, and a Participant shall have no obligation to make available to Owner Trustee any portion of any amount not paid hereunder by any other Participant. The failure by either any Participant to perform its obligations hereunder shall not affect the obligations of Lessee toward the any other Participant, except to the extent provided in Section ss. 5.4.
Appears in 2 contracts
Samples: Participation Agreement (Amtran Inc), Participation Agreement (Amtran Inc)
NATURE OF OBLIGATIONS OF PARTICIPANTS. The obligations hereunder of each Participant are several, and not joint, and a Participant shall have no obligation to make available to Owner Trustee any portion of any amount not paid hereunder by any other Participant. The failure by either any Participant to perform its obligations hereunder shall not affect the obligations of Lessee toward the any other Participant, except to the extent provided in Section 5.4.
Appears in 1 contract
NATURE OF OBLIGATIONS OF PARTICIPANTS. The obligations hereunder of each Participant are several, and not joint, and a Participant shall have no obligation to make available to Owner Trustee any portion of any amount not paid hereunder by any other Participant. The failure by either any Participant to perform its obligations hereunder shall not affect the obligations of Lessee toward the other Participant, except to the extent provided in Section 5.4.
Appears in 1 contract
NATURE OF OBLIGATIONS OF PARTICIPANTS. The obligations hereunder of each Participant are several, and not joint, and a Participant shall have no obligation to make available to Owner Trustee any portion of any amount not paid hereunder by any other Participant. The failure by either Participant to perform its obligations hereunder shall not affect the obligations of Lessee toward the other Participant, except to the extent provided in Section (S) 5.4.
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