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 Indenture Trustee 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 Indenture Trustee pursuant to this Trust Indenture and in accordance with the express terms hereof.

Appears in 22 contracts

Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Us Airways Inc), Trust Indenture and Security Agreement (Northwest Airlines Corp)

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No Action Except Under Lease, Trust Indenture or Instructions. The Owner Trustee and the Indenture Loan Trustee 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 Collateral except (i) as required or permitted by the terms of the Lease or the Participation Agreement or (ii) in accordance with the powers granted to, or the authority conferred upon, the Owner Trustee and the Indenture Loan Trustee pursuant to this Trust Indenture and in accordance with the express terms hereof.

Appears in 1 contract

Samples: Trust Indenture (Amtran Inc)

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