Common use of No Legal Title to Indenture Estate in Holders Clause in Contracts

No Legal Title to Indenture Estate in Holders. No Holder of an Equipment Note shall have legal title to any part of the Indenture Estate. The rights of all Holders of Equipment Notes derive solely from this Indenture (including all supplements to this Indenture) and the Indenture Estate and the Holders of the Equipment Notes derive no interest in the Items of Equipment other than their beneficial interest in the Indenture Estate. No transfer, by operation of law or otherwise, of any Equipment Note or other right, title and interest of any Holder of an Equipment Note in and to the Indenture Estate or hereunder shall operate to terminate this Indenture or the trusts hereunder or entitle any successor or transferee of such Holder to an accounting or to the transfer to it of legal title to any part of the Indenture Estate.