Common use of No Duties Except as Specified in Mortgage or Instructions Clause in Contracts

No Duties Except as Specified in Mortgage or Instructions. Mortgagee shall not have any duty or obligation to use, operate, store, lease, control, manage, sell, dispose of, or otherwise deal with the Aircraft or any other part of the Collateral, or to otherwise take or refrain from taking any action under, or in connection with, this Mortgage or any part of the Collateral, except as expressly provided by this Mortgage or as expressly provided in written instructions from the Lenders as provided in this Mortgage; and no implied duties or obligations shall be read into this Mortgage against Mortgagee. WFB agrees that it will at its own cost and expense (but without any right of indemnity in respect of any such cost or expense under Section 8.1) promptly take such action as may be necessary duly to discharge all Liens on any part of the Collateral which result from claims against WFB not related to the administration of the Collateral or any other transaction pursuant to this Mortgage or any document included in the Collateral.

Appears in 2 contracts

Samples: Loan Agreement (Airtran Holdings Inc), Loan Agreement (Airtran Holdings Inc)

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No Duties Except as Specified in Mortgage or Instructions. Mortgagee shall not have any duty or obligation to use, operate, store, lease, control, manage, sell, dispose of, or otherwise deal with the Aircraft or any other part of the Collateral, or to otherwise take or refrain from taking any action under, or in connection with, this Mortgage or any part of the Collateral, except as expressly provided by this Mortgage or as expressly provided in written instructions from the Lenders Note Holders as provided in this Mortgage; and no implied duties or obligations shall be read into this Mortgage against Mortgagee. WFB SSB agrees that it will at its own cost and expense (but without any right of indemnity in respect of any such cost or expense under Section 8.1(S) 8.01) promptly take such action as may be necessary duly to discharge all Liens on any part of the Collateral which result from claims against WFB SSB not related to the administration of the Collateral or any other transaction pursuant to this Mortgage or any document included in the Collateral.

Appears in 1 contract

Samples: Note Purchase Agreement (Airtran Holdings Inc)

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No Duties Except as Specified in Mortgage or Instructions. Mortgagee shall not have any duty or obligation to use, operate, store, lease, control, manage, sell, dispose of, or otherwise deal with the Aircraft or any other part of the Collateral, or otherwise to otherwise take or refrain from taking any action under, or in connection with, this Mortgage or any part of the Collateral, except as expressly provided by this Mortgage or as expressly provided in written instructions from the Lenders Note Holders as provided in this Mortgage; and no implied duties or obligations shall be read into this Mortgage against Mortgagee. WFB SSB agrees that it will at its own cost and expense (but without any right of indemnity in respect of any such cost or expense under Section 8.1(S) 7.01) promptly take such action as may shall be necessary duly to discharge all Liens on any part of the Collateral which result from claims against WFB it in its individual capacity not related to the ownership of the Aircraft or the administration of the Collateral or any other transaction pursuant to this Mortgage or any document included in the Collateral.

Appears in 1 contract

Samples: Note Purchase Agreement (Airtran Holdings Inc)

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