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

No Legal Title to Indenture Estate in Noteholders. No ------------------------------------------------- Noteholder shall have legal title to any part of the Indenture Estate. No transfer, by operation of law or otherwise, of any Equipment Note or other right, title and interest of any Noteholder in and to the Indenture Estate or hereunder shall operate to terminate this Indenture or entitle such Noteholder or 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.

Appears in 2 contracts

Samples: Trust Indenture and Security Agreement (Midway Airlines Corp), Trust Indenture and Security Agreement (Midway Airlines Corp)

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No Legal Title to Indenture Estate in Noteholders. No ------------------------------------------------- Noteholder shall have legal title to any part of the Indenture Estate. No transfer, by operation of law or otherwise, of any Equipment Note or other right, title and interest of any Noteholder in and to the Indenture Estate or hereunder shall operate to terminate this Indenture or entitle such 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 Indenture Estate.

Appears in 1 contract

Samples: Participation Agreement (Delta Air Lines Inc /De/)

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No Legal Title to Indenture Estate in Noteholders. No ------------------------------------------------- Noteholder shall have legal title to any part of the Indenture Estate. No transfer, by operation of law or otherwise, of any Equipment Note or other right, title and interest of any Noteholder in and to the Indenture Estate or hereunder shall operate to terminate this Indenture or entitle such Noteholder or 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.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (American Airlines Inc)

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