Common use of Termination of Mortgage Clause in Contracts

Termination of Mortgage. Upon (or at any time after) payment in full of the Original Amount of, Make-Whole Amount, if any, and interest on and all other amounts due under all Equipment Notes and provided that there shall then be no other Secured Obligations due to the Mortgage Indemnitees, the Note Holders and Loan Trustee hereunder or under the Participation Agreement, Owner Trustee shall direct Loan Trustee to execute and deliver to or as directed in writing by Owner Trustee an appropriate instrument releasing the Aircraft and the Engines from the Lien of this Mortgage and releasing the Lease, the Guarantee, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement attached thereto, and the Engine Warranty Assignment with the Engine Consent and Agreement attached thereto from the assignment and pledge thereof hereunder and Loan Trustee shall execute and deliver such instrument as aforesaid and give written notice thereof to Lessee; provided, that this Mortgage and the trusts created hereby shall earlier terminate and this Mortgage shall be of no further force or effect upon any sale or other final disposition by Loan Trustee of all property constituting part of the Collateral and the final distribution by Loan Trustee of all money or other property or proceeds constituting part of the Collateral in accordance with the terms hereof. Except as aforesaid otherwise provided, this Mortgage and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Termination of Mortgage. Upon (or at any time after) payment in full of the Original Amount of, Make-Whole principal of and interest on and Break Amount, if any, and interest on and all other amounts due under under, or otherwise due to the Lenders in respect of, all Equipment Notes Loan Certificates and provided that (i) the Commitments shall have terminated and (ii) there shall then be no other Secured Obligations amounts due to the Mortgage IndemniteesLenders or the Agents under the Operative Documents, the Note Holders Collateral shall automatically be release from the Lien of the Mortgage and Loan Trustee hereunder or under the Participation Agreement, Owner Security Trustee shall direct Loan Trustee to execute and deliver to or as directed in writing by Owner Trustee the Borrower an appropriate instrument releasing evidencing the Aircraft and release of the Engines Collateral from the Lien of this Mortgage and releasing the Lease, the Guarantee, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement attached theretoMortgage, and the Engine Warranty Assignment with the Engine Consent and Agreement attached thereto from the assignment and pledge thereof hereunder and Loan Security Trustee shall execute and deliver such instrument as aforesaid and, at the Borrower’s expense, will execute and deliver such other instruments or documents as may be reasonably requested by the Borrower to evidence of give written notice thereof effect to Lesseesuch release; provided, however, that this Mortgage and the trusts created hereby shall earlier terminate and this Mortgage shall be of no further force or effect and the rights of the Lenders under the Loan Certificates and the Facility Agent shall terminate (and the Security Trustee shall release, by an appropriate instrument, the Collateral from the Lien of this Mortgage) upon any sale or other final disposition by Loan the Security Trustee of all property constituting part of the Collateral and the final distribution by Loan the Security Trustee of all money monies or other property or proceeds constituting part of the Collateral in accordance with the terms hereof. Except as aforesaid otherwise providedprovided and as otherwise provided in Clause 6 of the Credit Agreement, this Mortgage and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Termination of Mortgage. Upon (or at any time after) payment in full of the Original Amount of, Make-Whole principal of and interest on and Breakage Amount, if any, and interest on and all other amounts due under under, or otherwise due to the Note Holders holding all Equipment Notes and and, provided that there shall then be no other Secured Obligations amounts due to the Mortgage Indemnitees, the Note Holders and Loan Security Trustee hereunder or under the Participation AgreementOperative Documents and provided no Event of Default shall have occurred and be continuing, Owner Trustee Borrower shall direct Loan Security Trustee to execute and deliver to or as directed in writing by Owner Trustee Borrower an appropriate instrument releasing the Aircraft and the Engines from the Lien of this Mortgage and releasing the Lease, the Guarantee, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement attached thereto, and the Engine Warranty Assignment with the Engine Consent and Agreement attached thereto Borrower Documents from the assignment and pledge thereof hereunder hereunder, and Loan Security Trustee shall execute and deliver such instrument as aforesaid and, at Borrower’s expense, will execute and deliver such other instruments or documents as may be furnished to it and reasonably requested by Borrower to give written notice thereof effect to Lesseesuch release; provided, however, that this Mortgage and the trusts created hereby shall earlier terminate and this Mortgage shall be of no further force or effect upon any sale or other final disposition by Loan Security Trustee of all property constituting part of the Collateral Mortgage Estate and the final distribution by Loan Security Trustee of all money monies or other property or proceeds constituting part of the Collateral Mortgage Estate in accordance with the terms hereof. Except as aforesaid otherwise provided, this Mortgage and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Termination of Mortgage. (a) Upon (or at any time after) payment in full of the Original principal of and interest on ----------------------- and Break Amount of, Make-Whole and Swap Breakage Amount, if any, and interest on Additional Costs and all other amounts due under, or otherwise due to the Lender hereunder and under all Equipment Notes the other Operative Documents and provided that there shall then be no other Secured Obligations amounts due to the Mortgage IndemniteesLender, -------- the Note Holders Administrative Agent and Loan Trustee the Collateral Agent hereunder or under the Participation AgreementCredit Agreement or the other Operative Documents or otherwise secured hereby, Owner Trustee the Collateral Agent, at the Administrative Agent's direction shall direct Loan Trustee to execute and deliver to or as directed in writing by Owner Trustee the Borrower an appropriate instrument releasing the Aircraft and the Engines from the Lien of this Mortgage and releasing the Lease, the Guarantee, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement attached theretoMortgage, and the Engine Warranty Assignment with Collateral Agent, at the Engine Consent and Agreement attached thereto from the assignment and pledge thereof hereunder and Loan Trustee Administrative Agent's direction, shall execute and deliver such instrument as aforesaid and, at the Borrower's expense, will execute and deliver such other instruments or documents as may be reasonably requested by the Borrower to give written notice thereof effect to Lesseesuch release; provided, however, that this Mortgage and the trusts created hereby shall earlier terminate and this Mortgage shall be of no -------- ------- further force or effect and the rights of the Lender and the Administrative Agent shall terminate (and the Collateral Agent, at the Administrative Agent's direction, shall release, by an appropriate instrument, the Mortgage Estate and the Aircraft from the Lien of this Mortgage) upon any sale or other final disposition by Loan Trustee the Collateral Agent, at the Administrative Agent's direction, of all property constituting part of the Collateral Mortgage Estate and the final distribution by Loan Trustee the Administrative Agent of all money monies or other property or proceeds constituting part of the Collateral Mortgage Estate in accordance with the terms hereof. Except as aforesaid otherwise provided, this Mortgage and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof. (b) In addition, upon (or at any time after) payment in full of the principal of and interest on and Break Amount and Swap Breakage Amount and Additional Cost, if any, and all other amounts due under, or otherwise due to the Lender hereunder and under the other Operative Documents with respect to any Aircraft and provided that no Default shall be continuing and there shall then be no -------- other amounts due to the Lender, the Administrative Agent and the Collateral Agent hereunder or under the Loan Agreement or the other Operative Documents or otherwise secured hereby in respect of such Series of Notes with respect to any Aircraft, the Collateral Agent, at the Administrative Agent's direction, shall execute and deliver to or as directed in writing by the Borrower an appropriate instrument releasing such Aircraft relating to such Series from the Lien of this Mortgage, and the Collateral Agent, at the Administrative Agent's direction, shall execute and deliver such instrument as aforesaid and, at the Borrower's expense, will execute and deliver such other instruments or documents as may be reasonably requested by the Borrower to give effect to such release.

Termination of Mortgage. Upon (or at any time after) payment in full of the Original Allocable Loan Amount ofin respect of the Aircraft and any other Secured Obligations then due and payable in respect of such Aircraft hereunder, Make-Whole Amount, if any, and interest on and all other amounts due under all Equipment Notes and provided that there no Default or Event of Default shall then have occurred and be no other Secured Obligations due to continuing, upon request of the Mortgage Indemnitees, Company the Note Holders and Loan Trustee hereunder or under the Participation Agreement, Owner Trustee Collateral Agent shall direct Loan Trustee to execute and deliver to or as directed in writing by Owner Trustee the Company an appropriate instrument furnished to it by the Company releasing the Aircraft and the Engines and all other MSN [___] Collateral from the Lien of the Mortgage and, in such event, this Mortgage shall terminate and releasing the Lease, the Guarantee, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement attached thereto, and the Engine Warranty Assignment with the Engine Consent and Agreement attached thereto from the assignment and pledge thereof hereunder and Loan Trustee shall execute and deliver such instrument as aforesaid and give written notice thereof to Lesseebe of no further force or effect; provided, that this Mortgage and the trusts Lien created hereby shall earlier terminate and this Mortgage shall be of no further force or effect upon any sale or other final disposition by Loan Trustee the Collateral Agent of all property constituting part of the MSN [___] Collateral and the final distribution by Loan Trustee the Collateral Agent of all money monies or other property or proceeds constituting part of the MSN [___] Collateral in accordance with the terms hereof. The release of the Aircraft from the Lien of this Mortgage shall have the effect without any further action of releasing all other MSN [___] Collateral, including Aircraft Documents. In connection with any release of the MSN [___] Collateral pursuant to the first sentence of this Section, the Collateral Agent shall, at the Company’s expense, procure the discharge of the International Interest granted under this Mortgage in the Airframe and each Engine. Except as aforesaid otherwise providedprovided and as provided elsewhere herein, this Mortgage and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Termination of Mortgage. (a) (a) Upon (or at any time after) payment in full of the Original Amount of, Make-Whole principal of and interest on and Break Amount, if any, and interest on Additional Costs and all other amounts due under, or otherwise due to the Lenders hereunder and under all Equipment Notes the other Operative Documents and provided that there shall then be no other Secured Obligations amounts due to the Mortgage Indemnitees, Lenders and the Note Holders and Loan Trustee Administrative Agent hereunder or under the Participation AgreementCredit Agreement or the other Operative Documents or otherwise secured hereby, Owner Trustee the Administrative Agent shall direct Loan Trustee to execute and deliver to or as directed in writing by Owner Trustee the Borrower an appropriate instrument releasing the Aircraft and the Engines from the Lien of this Mortgage and releasing the Lease, the Guarantee, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement attached theretoMortgage, and the Engine Warranty Assignment with the Engine Consent and Agreement attached thereto from the assignment and pledge thereof hereunder and Loan Trustee Administrative Agent shall execute and deliver such instrument as aforesaid and, at the Borrower's expense, will execute and deliver such other instruments or documents as may be reasonably requested by the Borrower to give written notice thereof effect to Lesseesuch release; provided, however, that this Mortgage and the trusts created hereby shall earlier terminate and this Mortgage shall be of no further force or effect and the rights of the Lenders and the Administrative Agent shall terminate (and the Administrative Agent, at the Lenders' direction, shall release, by an appropriate instrument, the Mortgage Estate and the Aircraft from the Lien of this Mortgage) upon any sale or other final disposition by Loan Trustee the Administrative Agent, at the Lenders' direction, of all property constituting part of the Collateral Mortgage Estate and the final distribution by Loan Trustee the Administrative Agent of all money monies or other property or proceeds constituting part of the Collateral Mortgage Estate in accordance with the terms hereof. Except as aforesaid otherwise provided, this Mortgage and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Termination of Mortgage. Upon (or at any time after) payment in full of the Original Amount of, Make-Whole principal of and interest on and Break Amount, if any, and interest on and all other amounts due under all Equipment Notes under, or otherwise due to the Lender of, the Loan Certificate and provided that (i) the Commitments shall have terminated, (ii) there shall then be no other Secured Obligations amounts due to the Mortgage IndemniteesLender under the Operative Documents, and (iii) no Default or Event of Default shall have occurred and is continuing, the Note Holders and Loan Trustee hereunder or under the Participation Agreement, Owner Trustee Lender shall direct Loan Trustee to execute and deliver to or as directed in writing by Owner Trustee the Borrower an appropriate instrument releasing the Aircraft and the Engines Collateral from the Lien of this Mortgage and releasing the Lease, the Guarantee, the Purchase Agreement, the Purchase Agreement Assignment with the Consent and Agreement attached theretoMortgage, and the Engine Warranty Assignment with the Engine Consent and Agreement attached thereto from the assignment and pledge thereof hereunder and Loan Trustee Lender shall execute and deliver such instrument as aforesaid and, at the Borrower’s expense, will execute and deliver such other instruments or documents as may be reasonably requested by the Borrower to give written notice thereof effect to Lesseesuch release; provided, however, that this Mortgage and the trusts created hereby shall earlier terminate and this Mortgage shall be of no further force or effect and the rights of the Lender shall terminate (and the Lender shall release, by an appropriate instrument, the Collateral from the Lien of this Mortgage) upon any sale or other final disposition by Loan Trustee the Lender of all property constituting part of the Collateral and the final distribution by Loan Trustee the Lender of all money monies or other property or proceeds constituting part of the Collateral in accordance with the terms hereof. Except as aforesaid otherwise provided, this Mortgage and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.