Common use of Termination of Interest in Collateral Clause in Contracts

Termination of Interest in Collateral. No Noteholder or Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if the principal amount of, Premium Amount, if any, and interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due on and all other amounts due under all Equipment Notes held by such Noteholder and all other sums then due and payable to such Noteholder or Indenture Indemnitee, as the case may be, hereunder (including, without limitation, under Section 2.14) and under the Participation Agreement by the Company (the “Secured Obligations”) have been paid in full. Indenture and Security Agreement (American Airlines 2013-1 Aircraft EETC) [Reg. No.] Subject to Section 10.01 hereof, no Related Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if all Related Secured Obligations have been paid in full.

Appears in 1 contract

Samples: Indenture and Security Agreement (Amr Corp)

AutoNDA by SimpleDocs

Termination of Interest in Collateral. No Noteholder or Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if the principal amount of, Premium Make-Whole Amount, if any, and interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due on and all other amounts due under all Equipment Notes held by such Noteholder and all other sums then due and payable to such Noteholder or Indenture Indemnitee, as the case may be, hereunder (including, without limitation, under Section 2.14) and under the Participation Agreement by the Company (the “Secured Obligations”) have been paid in full. Indenture and Security Agreement (American Airlines 20132011-1 Aircraft EETC) [Reg. No.] 16 Subject to Section 10.01 hereof, no Related Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if all Related Secured Obligations have been paid in full.

Appears in 1 contract

Samples: Indenture and Security Agreement (Amr Corp)

Termination of Interest in Collateral. No Noteholder or Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if the principal amount of, Premium Amount, if any, and interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due on and all other amounts due under all Equipment Notes held by such Noteholder and all other sums then due and payable to such Noteholder or Indenture Indemnitee, as the case may be, hereunder (including, without limitation, under Indenture and Security Agreement (American Airlines 2013-1 Aircraft EETC) N936AN Section 2.14) and under the Participation Agreement by the Company (the “Secured Obligations”) have been paid in full. Indenture and Security Agreement (American Airlines 2013-1 Aircraft EETC) [Reg. No.] Subject to Section 10.01 hereof, no Related Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if all Related Secured Obligations have been paid in full.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Termination of Interest in Collateral. No Noteholder or Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Indenture and Security Agreement (American Airlines 2017-2 Aircraft EETC) [Reg. No.] Collateral when and if the principal amount of, Premium Make-Whole Amount, if any, and interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due on and all other amounts due under all Equipment Notes held by such Noteholder and all other sums then due and payable to such Noteholder or Indenture Indemnitee, as the case may be, hereunder (including, without limitation, under Section 2.14) and under the Participation Agreement by the Company (the “Secured Obligations”) have been paid in full. Indenture and Security Agreement (American Airlines 2013-1 Aircraft EETC) [Reg. No.] Subject to Section 10.01 hereof, no Related Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if all Related Secured Obligations have been paid in full.

Appears in 1 contract

Samples: Participation Agreement (American Airlines Inc)

AutoNDA by SimpleDocs

Termination of Interest in Collateral. No Noteholder or Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Indenture and Security Agreement (American Airlines 2016-1 Aircraft EETC) [Reg. No.] Collateral when and if the principal amount of, Premium Make-Whole Amount, if any, and interest (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due on and all other amounts due under all Equipment Notes held by such Noteholder and all other sums then due and payable to such Noteholder or Indenture Indemnitee, as the case may be, hereunder (including, without limitation, under Section 2.14) and under the Participation Agreement by the Company (the “Secured Obligations”) have been paid in full. Indenture and Security Agreement (American Airlines 2013-1 Aircraft EETC) [Reg. No.] Subject to Section 10.01 hereof, no Related Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if all Related Secured Obligations have been paid in full.

Appears in 1 contract

Samples: Participation Agreement (American Airlines Inc)

Termination of Interest in Collateral. No Noteholder or Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if the principal amount of, Premium Make-Whole Amount, if any, and interest Indenture and Security Agreement (American Airlines 2014-1 Aircraft EETC) [Reg. No.] (including, to the extent permitted by applicable law, post-petition interest and interest on any overdue amounts) due on and all other amounts due under all Equipment Notes held by such Noteholder and all other sums then due and payable to such Noteholder or Indenture Indemnitee, as the case may be, hereunder (including, without limitation, under Section 2.14) and under the Participation Agreement by the Company (the “Secured Obligations”) have been paid in full. Indenture and Security Agreement (American Airlines 2013-1 Aircraft EETC) [Reg. No.] Subject to Section 10.01 hereof, no Related Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if all Related Secured Obligations have been paid in full.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.