Common use of Instructions from Noteholders Clause in Contracts

Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 49 Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Through Document or should the Loan Trustee’s duties or obligations hereunder be unclear, and the Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.06.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

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Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 49 Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Through Document or should the Loan Trustee’s duties or obligations hereunder be unclear, and the Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.06. Indenture and Security Agreement (American Airlines 2016-2 Aircraft EETC) [Reg. No.]

Appears in 1 contract

Samples: Note Purchase Agreement (American Airlines Inc)

Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 49 Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Indenture and Security Agreement (American Airlines 2013-2 Aircraft EETC) [Reg. No.] Through Document or should the Loan Trustee’s duties or obligations hereunder be unclear, and the Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.06.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 49 Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Through Document or should the Loan Trustee’s duties or obligations hereunder be unclear, and the Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.06. Indenture and Security Agreement (American Airlines 2015-1 Aircraft EETC) [Reg. No.]

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 49 Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Indenture and Security Agreement (American Airlines 2013-2 Aircraft EETC) N907AN Through Document or should the Loan Trustee’s duties or obligations hereunder be unclear, and the Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.06.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

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Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 49 Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Through Document or should the Loan Trustee’s duties or obligations hereunder be Indenture and Security Agreement (American Airlines 2011-1 Aircraft EETC) [Reg. No.] 48 unclear, and the Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.06.

Appears in 1 contract

Samples: Indenture and Security Agreement (Amr Corp)

Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 49 Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Through Document or should the Loan Trustee’s duties or obligations hereunder be unclear, and the Loan Trustee shall incur no liability in refraining from acting until it Indenture and Security Agreement (American Airlines 2017-2 Aircraft EETC) [Reg. No.] receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.06.

Appears in 1 contract

Samples: Participation Agreement (American Airlines Inc)

Instructions from Noteholders. In the administration of the trusts created hereunder, the Loan Trustee shall have the right to seek instructions from a Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] 49 Majority in Interest of Noteholders should any provision of this Indenture appear to conflict with any other provision herein or any other Operative Document or Pass Through Document or should the Loan Trustee’s duties or obligations hereunder be unclear, and the Loan Trustee shall incur no liability in refraining from acting until it receives such instructions. The Loan Trustee shall be fully protected for acting in accordance with any instructions received under this Section 6.06. Indenture and Security Agreement (American Airlines 2016-3 Aircraft EETC) [Reg. No.]

Appears in 1 contract

Samples: Participation Agreement (American Airlines Inc)

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