GRANTING CLAUSE IX. All Records. TO HAVE AND TO HOLD all and singular the Mortgaged Property unto the Mortgagee and its successors and assigns as security as aforesaid; upon the terms hereinafter set forth, for the equal and proportionate benefit, security and protection of all present and future holders of the Loans outstanding under the Secured Credit Agreement, without preference, priority or distinction of any Loan over any other Loan by reason of priority of time of issue, sale, negotiation, date of maturity thereof or otherwise for any cause whatsoever, and for the uses and purposes and subject to the terms and provisions set forth in this Mortgage; provided, however, that the Mortgagee will not take any action contrary to the rights of the Company hereunder to the quiet enjoyment and use of any of theAircraft, except in accordance with the provisions of this Mortgage. It is expressly agreed that anything herein contained to the contrary notwithstanding, the Company shall remain liable under the Secured Credit Agreement, this Mortgage and the other Loan Documents and any other agreement assigned or pledged hereunder, to perform all of the obligations assumed by it hereunder and thereunder, all in accordance with and pursuant to the terms and provisions hereof and thereof, and the Mortgagee and the Lenders shall have no obligation or liability under any agreement assigned or pledged hereunder, by reason of or arising out of the assignment hereunder, nor shall the Mortgagee and the Lenders be required or obligated in any manner to perform or fulfill any obligations of the Company under or pursuant to the Purchase Agreement, and any other agreement assigned or pledged hereunder, or, except as herein expressly provided, to make any payment, or to make any inquiry as to the nature or sufficiency of any payment received by it, or present or file any claim, or take any action to collect or enforce the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. Subject to the provisions hereof, the Company does hereby constitute the Mortgagee the true and lawful attorney of the Company, irrevocably, coupled with an interest and with full power of substitution, and with full power (in the name of the Company or otherwise) to during the continuance of an Event of Default ask for, require, demand, and receive, any and all monies and claims for monies (in each case including insurance and requisition proceeds except as herein other...
GRANTING CLAUSE IX. Deposits...............................................5 GRANTING CLAUSE X. Proceeds and Awards....................................5 GRANTING CLAUSE XI. Further Property.......................................6
GRANTING CLAUSE IX. ADDITIONAL PROPERTY. ..........................................6
GRANTING CLAUSE IX. Proceeds and Awards......................................6 GRANTING CLAUSE X. Books and Records.........................................6 GRANTING CLAUSE XI. Other Intangible Property................................6
GRANTING CLAUSE IX. BOOKS AND RECORDS...........................................5 Granting Clause X.INTANGIBLE PROPERTY..........................................6 GRANTING CLAUSE XI.PROCEEDS AND AWARDS. .......................................6 GRANTING CLAUSE XII.ADDITIONAL PROPERTY. ......................................6
GRANTING CLAUSE IX. Deposits. All estate, right, title and interest of the Grantor in, to, under or derived from all amounts deposited with the Beneficiary under the Credit Documents, including all Insurance Proceeds and Awards, including such proceeds and awards as are deposited in the Cash Collateral Account, and including all notes, certificates of deposit, securities and other investments relating thereto and all interest, dividends and other income thereon, proceeds thereof and rights relating thereto (the foregoing being collectively called the "DEPOSITS"). GRANTING CLAUSE X. Proceeds and Awards. All estate, right, title and interest of the Grantor in, to, under or derived from all proceeds of any sale, transfer, financing, refinancing or conversion into cash or liquidated claims, whether voluntary or involuntary, of any of the Trust Property, including all Insurance Proceeds and Awards, and all rights, dividends and other claims of any kind whatsoever (including damage, secured, unsecured, priority and bankruptcy claims) now or hereafter relating to any of the Trust Property, all of which the Grantor hereby irrevocably directs be paid to the Beneficiary to the extent provided hereunder or under any other Credit Document, to be held, applied and disbursed as provided in this Deed of Trust.
GRANTING CLAUSE IX. Proceeds and Awards..................... 5 Granting Clause X. Further Property........................ 5
GRANTING CLAUSE IX. Proceeds and Awards. All estate, right, title and interest of the Mortgagor in, to, under or derived from all proceeds of any sale, transfer, financing, refinancing or conversion into cash or liquidated claims, whether voluntary or involuntary, of any of the Mortgaged Property, including all insurance proceeds, all awards, all title insurance proceeds under any title insurance policy now or hereafter held by the Mortgagor, and all rights, dividends and other claims of any kind whatsoever (including damage, secured, unsecured, priority and bankruptcy claims) now or hereafter relating to any of the Mortgaged Property, all of which the Mortgagor hereby irrevocably directs be paid to the Mortgagee to the extent provided hereunder and subject to Section 304, to be held, applied and disbursed as provided in this Mortgage. Granting Clause X.
GRANTING CLAUSE IX. Deposits. All estate, right, title and interest of the Mortgagor in, to, under or derived from all amounts deposited with the Mortgagee under the Credit Documents, including all Insurance Proceeds and Awards, including such proceeds and awards as are deposited in the Cash Collateral Account, and including all notes, certificates of deposit, securities and other investments relating thereto and all interest, dividends and other income thereon, proceeds thereof and rights relating thereto (the foregoing being collectively called the "DEPOSITS"). GRANTING CLAUSE X. Proceeds and Awards. All estate, right, title and interest of the Mortgagor in, to, under or derived from all proceeds of any sale, transfer, financing, refinancing or conversion into cash or liquidated claims, whether voluntary or involuntary, of any of the Mortgaged Property, including all Insurance Proceeds and Awards, and all rights, dividends and other claims of any kind whatsoever (including damage, secured, unsecured, priority and bankruptcy claims) now or hereafter relating to any of the Mortgaged Property, all of which the Mortgagor hereby irrevocably directs be paid to the Mortgagee to the extent provided hereunder or under any other Credit Document, to be held, applied and disbursed as provided in this Mortgage.
GRANTING CLAUSE IX. 4 ARTICLE I DEFINITIONS, INTERPRETATION AND SECURED LOAN AMOUNT
