Common use of No Action Except Under Lease, Trust Indenture or Instructions Clause in Contracts

No Action Except Under Lease, Trust Indenture or Instructions. The Owner Trustee and the Mortgagee agree that they will not use, operate, store, lease, control, manage, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Indenture Estate except (i) as required by the terms of the Lease or (ii) in accordance with the powers granted to, or the authority conferred upon, the Owner Trustee and the Mortgagee pursuant to this Trust Indenture and in accordance with the express terms hereof.

Appears in 36 contracts

Samples: Trust Indenture and Mortgage 648 (PLM Equipment Growth Fund Vi), Trust Indenture and Mortgage 646 (PLM Equipment Growth Fund Vi), Trust Indenture and Mortgage 648 (PLM Equipment Growth Fund V)

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No Action Except Under Lease, Trust Indenture or Instructions. The Owner Trustee and the Mortgagee agree that they will not use, operate, store, lease, control, manage, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Indenture Estate except (i) as required or permitted by the terms of the Lease or (ii) in accordance with the powers granted to, or the authority conferred upon, the Owner Trustee and the Mortgagee pursuant to this Trust Indenture and in accordance with the express terms hereof.

Appears in 1 contract

Samples: Atlas Air Inc

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