No Legal Title to Collateral in Noteholders. No holder of an Equipment Note or a Related Equipment Note shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any Equipment Note, Related Equipment Note or other right, title and interest of any Noteholder or Related Noteholder in and to the Collateral or hereunder shall operate to terminate this 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 27 contracts
Samples: Indenture and Security Agreement (Jetblue Airways Corp), Indenture and Security Agreement (Jetblue Airways Corp), Indenture and Security Agreement (Fedex Corp)
No Legal Title to Collateral in Noteholders. No holder of an Equipment Note or a Related Equipment Note Noteholder shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any Equipment Note, Related Equipment Note or other right, title and interest of any Noteholder or Related Noteholder in and to the Collateral or hereunder shall operate to terminate this Indenture or entitle such holder Noteholder 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 11 contracts
Samples: Indenture and Security Agreement (American Airlines Inc), Indenture and Security Agreement (Delta Air Lines Inc /De/), Indenture and Security Agreement (American Airlines Inc)
No Legal Title to Collateral in Noteholders. No holder of an Equipment Note, a Related Equipment Note or a Related Non-Subordination Agent Equipment Note shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any Equipment Note, Related Equipment Note, Related Non-Subordination Agent Equipment Note or other right, title and interest of any Noteholder, Related Noteholder or Related Non-Subordination Agent Noteholder in and to the Collateral or hereunder shall operate to terminate this 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: Indenture and Security Agreement (Delta Air Lines Inc /De/)
