Common use of Section 1110 Compliance Clause in Contracts

Section 1110 Compliance. Notwithstanding any provision herein or elsewhere contained to the contrary, it is understood and agreed among the parties hereto that the transactions contemplated by this Agreement, and the other Operative Documents are expressly intended to be, shall be and should be construed so as to be, entitled to the full benefits of 11 U.S.C. Section 1110, as amended from time to time, and any successor provision thereto.

Appears in 11 contracts

Samples: Facility Agreement (Virgin America Inc.), Facility Agreement (Virgin America Inc.), Facility Agreement (Virgin America Inc.)

AutoNDA by SimpleDocs

Section 1110 Compliance. Notwithstanding any provision herein or elsewhere contained ----------------------- to the contrary, it is understood and agreed among between the parties hereto that the transactions contemplated by this Agreement, and the other Operative Documents Lease are expressly intended to be, shall be and should be construed so as to be, entitled to the full benefits of 11 U.S.C. Section 1110, as amended from time to time, and any successor provision thereto.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Airlease LTD)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!