Holding of Collateral. Each applicable Grantor is, and as to Collateral acquired by it from time to time after the date hereof each Grantor will be, the holder of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.
Appears in 2 contracts
Samples: Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc)
Holding of Collateral. Each applicable Grantor is, and as to Collateral acquired by it from time to time after the date hereof each such Grantor will be, the holder or a co-holder, of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.
Appears in 2 contracts
Samples: Aircraft Security Agreement (American Airlines, Inc.), SGR Security Agreement (American Airlines Inc)
Holding of Collateral. Each applicable Grantor is, and as to Collateral acquired by it from time to time after the date hereof each Grantor will be, the holder or, following the AMR/US Airways Merger, a co-holder, of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.
Appears in 1 contract
Holding of Collateral. Each applicable Grantor is, and as to Collateral acquired by it from time to time after the date hereof each such Grantor will be, the holder or a co-holder of all such Collateral free from any Lien except for (1) the Lien and security interest created by the Collateral Documents and (2) Permitted Liens.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (American Airlines, Inc.)
