Common use of Return of Aircraft, Etc Clause in Contracts

Return of Aircraft, Etc. (a) If an Event of Default exists and the Equipment Notes have been accelerated, at Mortgagee’s request, Borrower shall promptly execute and deliver to Mortgagee such instruments of title and other documents as Mortgagee deems necessary or advisable to enable Mortgagee or an agent or representative designated by Mortgagee, at such time or times and place or places as Mortgagee shall specify, to obtain possession of all or any part of the Collateral to which Mortgagee shall at the time be entitled hereunder. If Borrower for any reason fails to execute and deliver such instruments and documents after such request by Mortgagee, Mortgagee may (1) obtain a judgment conferring on Mortgagee the right to immediate possession and requiring Borrower to execute and deliver such instruments and documents to Mortgagee, to the entry of which judgment Borrower hereby specifically consents to the fullest extent permitted by Law, and (2) pursue all or part of such Collateral wherever it may be found, and enter any of the premises of Borrower wherever such Collateral may be or be supposed to be, and search for such Collateral and take possession of and remove such Collateral. All expenses of obtaining such judgment or of pursuing, searching for, and taking such property shall, until paid, be secured by the Lien of this Mortgage.

Appears in 2 contracts

Samples: Loan Agreement (Airtran Holdings Inc), Loan Agreement (Airtran Holdings Inc)

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Return of Aircraft, Etc. (a) If an Event of Default exists and the Equipment Notes have been accelerated, at Mortgagee’s 's request, Borrower Owner shall promptly execute and deliver to Mortgagee such instruments of title and other documents as Mortgagee deems necessary or advisable to enable Mortgagee or an agent or representative designated by Mortgagee, at such time or times and place or places as Mortgagee shall specify, to obtain possession of all or any part of the Collateral to which Mortgagee shall at the time be entitled hereunder. If Borrower Owner for any reason fails to execute and deliver such instruments and documents after such request by Mortgagee, Mortgagee may (1) obtain a judgment conferring on Mortgagee the right to immediate possession and requiring Borrower Owner to execute and deliver such instruments and documents to Mortgagee, to the entry of which judgment Borrower Owner hereby specifically consents to the fullest extent permitted by Law, and (2) pursue all or part of such Collateral wherever it may be found, and enter any of the premises of Borrower Owner wherever such Collateral may be or be supposed to be, and search for such Collateral and take possession of and remove such Collateral. All expenses of obtaining such judgment or of pursuing, searching for, and taking such property shall, until paid, be secured by the Lien of this Mortgage.

Appears in 1 contract

Samples: Note Purchase Agreement (Airtran Holdings Inc)

Return of Aircraft, Etc. (a) If an Event of Default exists shall have occurred and be continuing and the Equipment Notes have been accelerated, at the request of the Mortgagee’s request, Borrower the Owner shall promptly execute and deliver to the Mortgagee such instruments of title and other documents as the Mortgagee deems may deem necessary or advisable to enable the Mortgagee or an agent or TRUST INDENTURE 22-1 (A and B) 46 representative designated by the Mortgagee, at such time or times and place or places as the Mortgagee shall may specify, to obtain possession of all or any part of the Collateral to which the Mortgagee shall at the time be entitled hereunder. If Borrower the Owner shall for any reason fails fail to execute and deliver such instruments and documents after such request by the Mortgagee, the Mortgagee may (1i) obtain a judgment conferring on the Mortgagee the right to immediate possession and requiring Borrower the Owner to execute and deliver such instruments and documents to the Mortgagee, to the entry of which judgment Borrower the Owner hereby specifically consents to the fullest extent permitted by Law, and (2ii) pursue all or part of such Collateral wherever it may be found, found and may enter any of the premises of Borrower Owner wherever such Collateral may be or be supposed to be, be and search for such Collateral and take possession of and remove such Collateral. All expenses of obtaining such judgment or of pursuing, searching for, for and taking such property shall, until paid, be secured by the Lien of this MortgageTrust Indenture.

Appears in 1 contract

Samples: Note Purchase Agreement (Sun Country Airlines Holdings, Inc.)

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Return of Aircraft, Etc. (a) If an Event of Default exists shall have occurred and be continuing and the Equipment Notes have been accelerated, at the request of the Mortgagee’s request, Borrower the Owner shall promptly execute and deliver to the Mortgagee such instruments of title and other documents as the Mortgagee deems may deem necessary or advisable to enable the Mortgagee or an agent or representative designated by the Mortgagee, at such time or times and place or places as the Mortgagee shall may specify, to obtain possession of all or any part of the Collateral to which the Mortgagee shall at the time be entitled hereunder. If Borrower the Owner shall for any reason fails fail to execute and deliver such instruments and documents after such request by the Mortgagee, the Mortgagee may (1i) obtain a judgment conferring on the Mortgagee the right to immediate possession and requiring Borrower the Owner to execute and deliver such instruments and documents to the Mortgagee, to the entry of which judgment Borrower the Owner hereby specifically consents to the fullest extent permitted by Law, and (2ii) pursue all or part of such Collateral wherever it may be found, found and may enter any of the premises of Borrower Owner wherever such Collateral may be or be supposed to be, be and search for such Collateral and take possession of and remove such Collateral. All expenses of obtaining such judgment or of pursuing, searching for, and taking such property shall, until paid, be secured by the Lien of this Mortgage.

Appears in 1 contract

Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)

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