No Legal Title to Collateral in Certificate Holders. No holder of a Secured Certificate shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any Secured Certificate or other right, title and interest of any Certificate Holder in and to the Collateral or hereunder shall operate to terminate this Trust Indenture or entitle such holder or any successor or transferee of such holder to an accounting or to the transfer to it of any legal title to any part of the Collateral.
Appears in 9 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Northwest Airlines Corp)
No Legal Title to Collateral in Certificate Holders. No holder of a Secured Certificate or a Related Secured Certificate shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any Secured Certificate or Related Secured Certificate or other right, title and interest of any Certificate Holder or Related Certificate Holder in and to the Collateral or hereunder shall operate to terminate this Trust Indenture or entitle such holder or any successor or transferee of such holder to an accounting or to the transfer to it of any legal title to any part of the Collateral.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)
