Common use of Agent for Perfection Clause in Contracts

Agent for Perfection. (a) Each Loan Party shall deliver all Cash Collateral or Control Collateral when required to be delivered pursuant to the Credit Documents to (x) until the Discharge of Senior Priority Obligations, the Senior Priority Representative and (y) thereafter, the Junior Priority Representative.

Appears in 4 contracts

Samples: Credit Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc), Security Agreement (American Airlines Inc)

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Agent for Perfection. (a) 1. Each Loan Party shall deliver all Cash Collateral or Control Collateral when required to be delivered pursuant to the Credit Documents to (x) until the Discharge of Senior Priority Obligations, the Senior Priority Representative and (y) thereafter, the Junior Priority Representative.

Appears in 1 contract

Samples: Aircraft Security Agreement (American Airlines Inc)

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