No Legal Title to Collateral in Lenders. Neither the Lenders nor the Related Lenders shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any right, title and interest of a Lender in and to the Collateral or this Security Agreement shall operate to terminate this Security Agreement or the trusts hereunder or entitle any Lender or successor or transferee of such Lender to an accounting or to the transfer to it of legal title to any part of the Collateral.
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Samples: Framework Agreement (Spirit Airlines, Inc.), Framework Agreement (Spirit Airlines, Inc.)
No Legal Title to Collateral in Lenders. Neither the Lenders nor the Related Lenders The Lender shall not have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any Loan Certificate or other right, title and interest of a the Lender in and to the Collateral or this Security Agreement hereunder shall operate to terminate this Security Agreement or the trusts hereunder Mortgage or entitle any the Lender or any successor or transferee of such the Lender to an accounting or to the transfer to it of legal title to any part of the Collateral.
Appears in 1 contract
No Legal Title to Collateral in Lenders. Neither the Lenders nor the Related Lenders No Lender or Agent shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any Loan Certificate or other right, title and interest of a any Lender or Agent in and to the Collateral or this Security Agreement hereunder shall operate to terminate this Security Agreement or the trusts hereunder Mortgage or entitle such Person or any Lender or successor or transferee of such Lender Person to an accounting or to the transfer to it of legal title to any part of the Collateral.
Appears in 1 contract
Samples: And Security Agreement (Frontier Group Holdings, Inc.)
