No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expense) promptly take such action as may be necessary duly to discharge all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent in its individual capacity and that are unrelated to the transaction contemplated hereby and by the other Operative Agreements.
Appears in 22 contracts
Samples: Intercreditor Agreement (American Airlines Inc), Intercreditor Agreement (American Airlines Inc), Intercreditor Agreement (American Airlines Inc)
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expenseexpense under Section 7.1 hereof) promptly take such action as may be necessary to duly to discharge all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent which result from claims against it in its individual capacity and that are unrelated not related to the transaction contemplated hereby and by the its activities hereunder or any other Operative AgreementsAgreement.
Appears in 16 contracts
Samples: Intercreditor Agreement (Jetblue Airways Corp), Intercreditor Agreement (Jetblue Airways Corp), Intercreditor Agreement (Continental Airlines Inc /De/)
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expense) promptly take such action as may be necessary to duly to discharge all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent in its individual capacity and that are unrelated to the transaction contemplated hereby and by the other Operative Agreements.
Appears in 13 contracts
Samples: Intercreditor Agreement (American Airlines, Inc.), Intercreditor Agreement (American Airlines Inc), Intercreditor Agreement
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expense) promptly take such action as may be necessary duly to discharge duly all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent in its individual capacity and that are unrelated to the transaction contemplated hereby and by the other Operative Agreements.
Appears in 10 contracts
Samples: Intercreditor Agreement (Jetblue Airways Corp), Intercreditor Agreement (Jetblue Airways Corp), Intercreditor Agreement (Alaska Air Group, Inc.)
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expenseexpense under Section 7.1 hereof) promptly take such action as may be necessary to duly to discharge all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent which result from claims against it in its individual capacity and not related to its activities hereunder or from a breach of its obligations that are unrelated to the transaction contemplated hereby and by the constitute willful misconduct or gross negligence hereunder or any other Operative AgreementsAgreement.
Appears in 5 contracts
Samples: Intercreditor Agreement (Northwest Airlines Holdings Corp/Pred), Intercreditor Agreement (Northwest Airlines Inc /Mn), Intercreditor Agreement (Northwest Airlines Holdings Corp/Pred)
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expenseexpense under Section 7.1 hereof) promptly take such action as may be necessary duly to discharge duly all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent which result from claims against it in its individual capacity and that are unrelated not related to the transaction contemplated hereby and by the its activities hereunder or any other Operative AgreementsAgreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (America West Airlines Inc), Intercreditor Agreement (America West Airlines Inc), Intercreditor Agreement (America West Airlines Inc)
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expense) expense under Section 7.1 hereof), promptly take such action as may be necessary to duly to discharge all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent which result from claims against it in its individual capacity and that are unrelated not related to the transaction contemplated hereby and by the its activities hereunder or any other Operative AgreementsAgreement.
Appears in 3 contracts
Samples: Intercreditor Agreement (Continental Airlines Inc /De/), Intercreditor Agreement (Continental Airlines Inc /De/), Intercreditor Agreement (America West Airlines Inc)
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expense) promptly take such action as may be necessary to duly to discharge all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent which result from claims against it in its individual capacity and that are unrelated not related to the transaction contemplated hereby and by the its activities hereunder or any other Operative AgreementsAgreement.
Appears in 1 contract
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expense) promptly take such action as may be necessary to duly to discharge all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent in its individual capacity and that are unrelated to the transaction contemplated hereby and by the other Operative Agreements.. 43 Intercreditor Agreement (2014-1) AA Aircraft EETC
Appears in 1 contract
No Duties Except as Specified in Intercreditor Agreement. The Subordination Agent shall not have any duty or obligation to take or refrain from taking any action under, or in connection with, this Agreement, except as expressly provided by the terms of this Agreement; and no implied duties or obligations shall be read into this Agreement against the Subordination Agent. The Subordination Agent agrees that it will, in its individual capacity and at its own cost and expense (but without any right of indemnity in respect of any such cost or expense) promptly take such action as may be necessary duly to discharge duly all Liens on any of the Trust Accounts or any monies deposited therein that are attributable to the Subordination Agent in its individual capacity and that are unrelated to the transaction contemplated hereby and by the other Operative Agreements.attributable
Appears in 1 contract