Common use of Owner Participant Has No Legal Title in Trust Estate Clause in Contracts

Owner Participant Has No Legal Title in Trust Estate. The Owner Participant shall not have legal title to any part of the Trust Estate. No transfer, by operation of law or otherwise, of any right, title and interest of the Owner Participant in and to the Trust Estate hereunder shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any successors or transferees of the Owner Participant to an accounting or to the transfer of legal title to any part of the Trust Estate.

Appears in 21 contracts

Samples: Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Holdings Corp/Pred)

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Owner Participant Has No Legal Title in Trust Estate. The No Owner Participant shall not have legal title to any part of the Trust Estate. No transfer, by operation of law Law or otherwise, of any right, title and interest of the Owner Participant in and to the Trust Estate hereunder under this Trust Agreement shall operate to terminate this Trust Agreement or the trusts hereunder under this Trust Agreement or entitle any successors or transferees of the Owner Participant to an accounting or to the transfer of legal title to any part of the Trust Estate.

Appears in 13 contracts

Samples: Lease Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/)

Owner Participant Has No Legal Title in Trust Estate. The Owner Participant shall does not have legal title to any part of the Trust Estate. No transfer, by operation of law or otherwise, of any right, title and interest of the Owner Participant in and to the Trust Estate hereunder shall operate to terminate this Trust Agreement or the trusts trust hereunder or entitle any successors or transferees of the Owner Participant to an accounting or to the transfer of legal title to any part of the Trust Estate.

Appears in 5 contracts

Samples: Letter Agreement (American Airlines, Inc.), Lease Agreement (American Airlines, Inc.), Lease Agreement (Amr Corp)

Owner Participant Has No Legal Title in Trust Estate. The Owner Participant shall not have legal title to any part of the Trust Estate. No transfer, by operation of law Law or otherwise, of any right, title and interest of the Owner Participant in and to the Trust Estate hereunder under this Trust Agreement shall operate to terminate this Trust Agreement or the trusts hereunder under this Trust Agreement or entitle any successors or transferees of the Owner Participant to an accounting or to the transfer of legal title to any part of the Trust Estate.

Appears in 4 contracts

Samples: Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/)

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Owner Participant Has No Legal Title in Trust Estate. The Owner Participant shall not have legal title to any part of the Trust Estate. No transfer, by operation of law or otherwise, of any right, title and interest of the Owner Participant in and to the Trust Estate hereunder shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any successors or transferees of the Owner Participant to an accounting or to the transfer of legal title to any part of the Trust Estate.

Appears in 2 contracts

Samples: Lease Agreement (Republic Airways Holdings Inc), Indenture and Security Agreement (Delta Air Lines Inc /De/)

Owner Participant Has No Legal Title in Trust Estate. The No Owner Participant shall not have legal title to any part of the Trust Estate. No transfer, by operation of law or otherwise, of any right, title and interest of the Owner Participant in and to the Trust Estate hereunder shall operate to terminate this Trust Agreement or the trusts hereunder or entitle any successors or transferees of the Owner Participant to an accounting or to the transfer of legal title to any part of the Trust Estate.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Willis Lease Finance Corp), Trust Agreement (Tower Air Inc)

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