Common use of No Legal Title to Collateral in Secured Parties Clause in Contracts

No Legal Title to Collateral in Secured Parties. No Secured Party 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 any Secured Party in and to the Collateral or hereunder shall operate to terminate this Mortgage 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 6 contracts

Samples: Mortgage and Security Agreement, Mortgage and Security Agreement (United Airlines, Inc.), Mortgage and Security Agreement (United Airlines, Inc.)

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No Legal Title to Collateral in Secured Parties. No Secured Party shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any a Security or other right, title and interest of any Secured Party in and to the Collateral or hereunder shall operate to terminate this C Mortgage 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 3 contracts

Samples: Mortgage and Security Agreement, Mortgage and Security Agreement (Ual Corp /De/), Mortgage and Security Agreement (United Air Lines Inc)

No Legal Title to Collateral in Secured Parties. No Secured Party shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any a Security or other right, title and interest of any Secured Party in and to the Collateral or hereunder shall operate to terminate this A Mortgage 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 3 contracts

Samples: Mortgage and Security Agreement, Mortgage and Security Agreement (United Air Lines Inc), Mortgage and Security Agreement (Ual Corp /De/)

No Legal Title to Collateral in Secured Parties. No Secured Party shall have legal title to any part of the Collateral. No transfer, by operation of law or otherwise, of any a Security or other right, title and interest of any Secured Party in and to the Collateral or hereunder shall operate to terminate this B Mortgage 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 2 contracts

Samples: Mortgage and Security Agreement (Ual Corp /De/), Mortgage and Security Agreement (United Air Lines Inc)

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No Legal Title to Collateral in Secured Parties. No Secured Party 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 any a Secured Party in and to the Collateral or hereunder this Security Agreement shall operate to terminate this Mortgage Security Agreement or the trusts hereunder or entitle such holder or any successor or transferee of such holder Secured Party to an accounting or to the transfer to it of any legal title to any part of the Collateral.

Appears in 1 contract

Samples: Aircraft Security Agreement (Amr Corp)

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