DISPOSITION, SUBSTITUTION AND RELEASE OF AIRCRAFT COLLATERAL Sample Clauses

DISPOSITION, SUBSTITUTION AND RELEASE OF AIRCRAFT COLLATERAL. The following provisions shall apply from and after the time the Indenture is qualified under the TIA:
Sample 1Sample 2
AutoNDA by SimpleDocs
DISPOSITION, SUBSTITUTION AND RELEASE OF AIRCRAFT COLLATERAL. Section 9.01. Certain Covenants of the Company 56 Section 9.02. Certain Covenants of the Security Agent and the Trustee 57 Section 9.03. Disposition, Substitution and Release of Aircraft Collateral 58 Article X MISCELLANEOUS Aircraft Security Agreement AA 2009-2 Secured Notes Table of Contents (continued) Page Section 10.01. Termination of this Aircraft Security Agreement 60 Section 10.02. No Legal Title to Aircraft Collateral in the Noteholders 61 Section 10.03. Sale by the Security Agent Is Binding 61 Section 10.04. This Aircraft Security Agreement for the Benefit of the Company, the Noteholders, the Security Agent, the Trustee and the Other Indemnitees 61 Section 10.05. Notices 61 Section 10.06. Severability 63 Section 10.07. No Oral Modification or Continuing Waivers 63 Section 10.08. Successors and Assigns 63 Section 10.09. Headings 63 Section 10.10. Normal Commercial Relations 63 Section 10.11. Survival of Representations, Warranties, Indemnities, Covenants and Agreements 63 Section 10.12. Section 1110 64 Section 10.13. The Company’s Performance and Rights 64 Section 10.14. Counterparts 64 Section 10.15. Governing Law 64 Section 10.16. Confidential Information 64 Section 10.17. Submission to Jurisdiction 65 Section 10.18. Conflict with Trust Indenture Act of 1939 65 Exhibit A — Form of Aircraft Security Agreement Supplement Exhibit B — List of Permitted Countries Exhibit C — Aircraft Type Values for Section 7.06(b) Annex A — Definitions iii Aircraft Security Agreement AA 2009-2 Secured Notes AIRCRAFT SECURITY AGREEMENT This AIRCRAFT SECURITY AGREEMENT, dated as of October 19, 2009, is made by and among AMERICAN AIRLINES, INC., a Delaware corporation (together with its successors and permitted assigns, the “Company”), U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as expressly stated herein, but solely as security agent hereunder (together with its permitted successors in such capacity hereunder, the “Security Agent”) and U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as expressly stated herein, but solely as trustee under the Indenture (such term and other capitalized terms used herein without definition being defined as provided in Article I) (together with its permitted successors in such capacity under the Indenture, the “Trustee”).
Sample 1

Related to DISPOSITION, SUBSTITUTION AND RELEASE OF AIRCRAFT COLLATERAL

  • Use and Disposition of Collateral None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02

  • Possession and Use of Collateral Subject to the provisions of the Security Documents, the Issuer and the Guarantors shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral (other than monies or U.S. government obligations deposited pursuant to Article VIII, and other than as set forth in the Security Documents and this Indenture), to operate, manage, develop, lease, use, consume and enjoy the Collateral (other than monies and U.S. government obligations deposited pursuant to Article VIII and other than as set forth in the Security Documents and this Indenture), to alter or repair any Collateral so long as such alterations and repairs do not impair the creation or perfection of the Lien of the Security Documents thereon, and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.

  • Release of Collateral Subject to Section 11.01 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates.

  • Title, Conservation and Disposition of REO Property (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the Servicer shall cause the deed or certificate of sale to be issued in the name of the Trustee, on behalf of the Certificateholders.

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.

  • Condition of Collateral Secured Party has no obligation to repair, clean-up or otherwise prepare the Collateral for sale.

  • Termination of Security Interests; Release of Collateral Upon payment in full of all Secured Obligations, the Security Interests shall terminate and all rights to the Collateral shall revert to Debtor. Upon such termination of the Security Interest or release of any Collateral, the Secured Party will, at the expense of Debtor, execute and deliver to Debtor such documents as Debtor shall reasonably request to evidence the termination of the Security Interest or the release of such Collateral, as the case may be.

  • Purchase of Collateral Credit bid and purchase all or any portion of the Collateral at any public sale. Any deficiency that exists after disposition of the Collateral as provided above will be paid immediately by Borrower.

  • Retention of Collateral In addition to the rights and remedies hereunder, the Administrative Agent may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable Law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

  • Possession of Collateral Agent and Secured Parties appoint each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions.

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