C Mortgage definition
Examples of C Mortgage in a sentence
Any legal action or proceeding with respect to this C Mortgage may be brought in the courts of the State of New York or the United States for the Southern District of New York located in the Borough of Manhattan, and, by execution and delivery of this C Mortgage, each party hereto hereby irrevocably accepts for itself and in respect of its property, generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts.
Any sale or other conveyance of the Collateral, or any part thereof (including any part thereof or interest therein), by the Collateral Agent made pursuant to the terms of this C Mortgage shall bind the Secured Parties and shall be effective to transfer or convey all right, title and interest of the Collateral Agent, the Company, and the other Secured Parties in and to such Collateral or part thereof.
The Collateral Agent has entered into this C Mortgage in its capacity as agent for the other Secured Parties.
Any provision of this C Mortgage which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, to the fullest extent permitted by law.
This C Mortgage may be executed by the parties hereto in separate counterparts (or upon separate signature pages bound together into one or more counterparts), each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.
In connection with any release of the Collateral pursuant to the first sentence of this Section 9.01, the Collateral Agent shall, at the Company’s expense, procure the discharge of the Lien (including any International Interests) granted under this C Mortgage in the Aircraft, Engines and Spare Engines, as the case may be.
No pooling agreement, Permitted Lease or other relinquishment of possession of any Airframe, any Engine or any Spare Engine shall in any way discharge or diminish any of the Company’s obligations to the Collateral Agent under this C Mortgage or constitute a waiver or forbearance of Collateral Agent’s rights or remedies hereunder.
Unless otherwise expressly specified or permitted by the terms hereof, all notices, requests, demands, authorizations, directions, consents, waivers or documents provided or permitted by this C Mortgage to be made, given, furnished or filed shall be in writing in the English language, personally delivered, sent by recognized overnight carrier or mailed by certified mail, postage prepaid, or by facsimile, and (i) if to the Company, addressed to it at ▇▇ ▇.
No transfer, by operation of law or otherwise, of a Security or other right, title and interest of any Secured Party in and to the Collateral or hereunder shall operate to terminate this C Mortgage or entitle such holder or any successor or transferee of such holder to an accounting or to the transfer to it of any legal title to any part of the Collateral.
Upon the removal thereof as provided above, such Additional Parts shall no longer be subject to the Lien of this C Mortgage or be deemed part of the Airframe or Engine from which it was removed.