Common use of No Action Except Under Specified Documents or Instructions Clause in Contracts

No Action Except Under Specified Documents or Instructions. The Owner Trustee shall not have any power, right or authority to, and the Owner Trustee agrees that it will not, manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (i) as expressly required by the terms of any of the Operative Documents to which the Owner Trustee is a party, (ii) as expressly provided by the terms hereof, or (iii) as expressly provided in written instructions from the Owner Participant pursuant to Section 5.01 or 5.02 hereof.

Appears in 16 contracts

Samples: Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Corp)

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No Action Except Under Specified Documents or Instructions. The Owner Trustee shall not have any no power, right or authority to, and the Owner Trustee agrees that it will not, manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (i) as expressly required by the terms of any of the Operative Documents Agreements to which the Owner Trustee is a party, (ii) as expressly provided by the terms hereof, or (iii) as expressly provided in written instructions from the Owner Participant pursuant to Section 5.01 or 5.02 hereof, but subject always to the provisions of and Lien created by the Trust Indenture.

Appears in 5 contracts

Samples: Trust Agreement (Southwest Airlines Co), Trust Agreement (Southwest Airlines Co), Trust Agreement (Southwest Airlines Co)

No Action Except Under Specified Documents or Instructions. The Owner Trustee shall not have any power, right no power or authority to, and the Owner Trustee agrees that it will not, manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (ia) as expressly required by the terms of any of the Operative Documents to which the Owner Trustee is a party, (ii) as expressly provided by the terms hereof, or (iiib) as expressly provided in written instructions from the Owner Participant pursuant to Section 5.01 or 5.02 hereofthat are not inconsistent with the terms of the Operative Documents.

Appears in 5 contracts

Samples: A320 Family Aircraft Purchase Agreement (American Airlines, Inc.), Purchase Agreement (American Airlines, Inc.), A320 Family Aircraft Purchase Agreement (Amr Corp)

No Action Except Under Specified Documents or Instructions. The Owner Trustee shall not have any power, right no power or authority to, and the Owner Trustee agrees that it will not, manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (i) as expressly required by the terms of any of the Operative Documents Agreements to which the Owner Trustee is a party, (ii) as expressly provided by the terms hereof, or (iii) as expressly provided in written instructions from the Owner Participant pursuant to Section 5.01 or 5.02 hereof5.02, but subject always to the provisions of the Lien created by the Trust Indenture.

Appears in 2 contracts

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

No Action Except Under Specified Documents or Instructions. The Owner Trustee shall not have any power, right or authority to, and the Owner Trustee agrees that it will not, manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (i) as expressly required by the terms of any of the Operative Documents to which the Owner Trustee is a party, (ii) as expressly provided by the terms hereof, or (iii) as expressly provided in written instructions from the Owner Participant Trustor pursuant to Section 5.01 or 5.02 hereof.

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Corp)

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No Action Except Under Specified Documents or Instructions. The Owner Trustee agrees that it shall not have any powerno right, right power or authority to, and the Owner Trustee agrees that it will not, not manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (ia) as expressly required by the terms of any of the Operative Documents to which the Owner Trustee is a party, (iib) as expressly provided by the terms hereof, or (iiic) as expressly provided in written instructions from the Owner Participant pursuant to Section 5.01 5.1 or 5.02 5.2 hereof, but subject always to the provisions of the Indenture, the Lease and the Participation Agreement.

Appears in 1 contract

Samples: Trust Agreement (American Airlines Inc)

No Action Except Under Specified Documents or Instructions. The Owner Trustee shall not have any power, right or authority to, and the Owner Trustee agrees that it will not, manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (i) as expressly required by the terms of any of the Operative Documents to which the Owner Trustee is a party, (ii) as expressly provided by the terms hereof, or (iii) as expressly provided in written instructions from the Owner Participant pursuant to Section 5.01 or 5.02 hereof.

Appears in 1 contract

Samples: Participation Agreement (Delta Air Lines Inc /De/)

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