No Change in Rights in Collateral. The Subordinated Representatives and the Subordinated Creditors will not sell, assign, pledge, encumber or otherwise dispose of any of their rights in the Collateral as such or in proceeds of Collateral as such, without the prior written consent of the Senior Representative. Nothing in this Section 7.06 shall limit the right of any Subordinated Creditor to transfer any Subordinated Obligation including any Note.
Appears in 4 contracts
Samples: Security Trust Agreement (Genesis Lease LTD), Security Trust Agreement (Babcock & Brown Air LTD), Security Trust Agreement (Lease Investment Flight Trust)
No Change in Rights in Collateral. The Subordinated Representatives and the Subordinated Creditors will not sell, assign, pledge, encumber or otherwise dispose of any of their rights in the Collateral as such or in proceeds of Collateral as such, without the prior written consent of the Senior Representative. Nothing in this Section 7.06 8.07 shall limit the right of any Subordinated Creditor to transfer any Subordinated Obligation including including, without limitation, any Note.
Appears in 2 contracts
Samples: Security Trust Agreement (Morgan Stanley Aircraft Finance), Security Trust Agreement (Aerco LTD)
