Common use of Sale of Aircraft by Mortgagee Is Binding Clause in Contracts

Sale of Aircraft by Mortgagee Is Binding. Any sale or other conveyance of the Collateral, or any part thereof (including, without limitation, any part thereof or interest therein), by the Mortgagee made pursuant to the terms of this Mortgage shall bind the Secured Parties and shall be effective to transfer or convey all right, title and interest of the Mortgagee, the Mortgagor and such Secured Parties in and to such Collateral or part thereof. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Mortgagee.

Sale of Aircraft by Mortgagee Is Binding. Any sale or other conveyance of the Collateral, or any part thereof (including, without limitation, including any part thereof or interest therein), by the Mortgagee made pursuant to the terms of this Mortgage Trust Indenture shall bind the Secured Parties Note Holders and shall be effective to transfer or convey all right, title and interest of the Mortgagee, the Mortgagor Owner and such Secured Parties holders in and to such Collateral or part thereof. No purchaser or other grantee shall be required to inquire as to the authorization, TRUST INDENTURE 12-1 necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Mortgagee.

Sale of Aircraft by Mortgagee Is Binding. Any sale or other conveyance of the Collateral, or any part thereof (including, without limitation, including any part thereof or interest therein), by the Mortgagee made pursuant to the terms of this Mortgage Trust Indenture shall bind the Secured Parties Note Holders and shall be effective to transfer or convey all right, title and interest of the Mortgagee, the Mortgagor Owner and such Secured Parties holders in and to such Collateral or part thereof. No purchaser or other grantee shall be required to inquire as to the authorization, TRUST INDENTURE 13-1 necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Mortgagee.

Sale of Aircraft by Mortgagee Is Binding. Any sale or other conveyance of the Collateral, or any part thereof (including, without limitation, any part thereof or interest therein), by the Mortgagee made pursuant to the terms of this Mortgage shall bind the Secured Parties Loan Participants and shall be effective to transfer or convey all right, title and interest of the Mortgagee, the Mortgagor and such Secured Parties holders in and to such Collateral or part thereof. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Mortgagee.

Sale of Aircraft by Mortgagee Is Binding. Any sale or other conveyance of the Collateral, or any part thereof (including, without limitation, including any part thereof or interest therein), by the Mortgagee made pursuant to the terms of this Mortgage Trust Indenture shall bind the Secured Parties Note Holders and shall be effective to transfer or convey all right, title and interest of the Mortgagee, the Mortgagor Owner and such Secured Parties holders in and to such Collateral or part thereof. No purchaser or other grantee shall be required to inquire as to the authorization, TRUST INDENTURE 14-1 necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Mortgagee.

Sale of Aircraft by Mortgagee Is Binding. Any sale or other conveyance of the Collateral, or any part thereof (including, without limitation, including any part thereof or interest therein), by the Mortgagee made pursuant to the terms of this Mortgage Trust Indenture shall bind the Secured Parties Note Holders and shall be effective to transfer or convey all right, title and interest of the Mortgagee, the Mortgagor Owner and such Secured Parties holders in and to such Collateral or part thereof. No purchaser or other grantee shall be required to inquire as to the authorization, TRUST INDENTURE 14-2 necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Mortgagee.