Common use of Mortgagee Clause in Contracts

Mortgagee. Upon WTC giving any notice in accordance with Section 11.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's citizenship could have any adverse effect on Owner, or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 17 contracts

Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/)

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Mortgagee. Upon WTC giving any notice in accordance with Section 11.113.1(a), Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's citizenship could have any adverse effect on OwnerLessee, any Participant or any Note Holder), subject to Section 9.02 8.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 16 contracts

Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/)

Mortgagee. Upon WTC WTNA giving any notice in accordance with Section 11.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's ’s citizenship could have any adverse effect on Owner, or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 9 contracts

Samples: Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (Hawaiian Holdings Inc)

Mortgagee. Upon WTC WTNA giving any notice in accordance with Section 11.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's citizenship could have any adverse effect on Owner, or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 6 contracts

Samples: Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (United Airlines, Inc.)

Mortgagee. Upon WTC giving any notice in accordance with Section 11.110.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's ’s citizenship could have any adverse effect on Owner, Owner or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign (subject to the appointment of a replacement) as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 5 contracts

Samples: Participation Agreement (Jetblue Airways Corp), Participation Agreement (Jetblue Airways Corp), Participation Agreement (United Air Lines Inc)

Mortgagee. Upon WTC giving any notice in accordance with Section 11.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's ’s citizenship could have any adverse effect on Owner, or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 3 contracts

Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/), Note Purchase Agreement (Continental Airlines Inc /De/)

Mortgagee. Upon WTC giving any notice in accordance with Section 11.114.1(a), Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's 632 citizenship could have any adverse effect on OwnerLessee, any Participant or any Note Holder), subject to Section 9.02 8.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

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Mortgagee. Upon WTC giving any notice in accordance with Section 11.113.1(a), Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's citizenship could have any adverse effect on OwnerLessee, any Participant or any Note Holder), subject to Section 9.02 8.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.. PARTICIPATION AGREEMENT BASE PAGE 80

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

Mortgagee. Upon WTC giving any notice in accordance with Section 11.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's ’s citizenship could have any adverse effect on Owner, Owner or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 1 contract

Samples: Participation Agreement (Southwest Airlines Co)

Mortgagee. Upon WTC giving any notice in accordance with Section 11.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's citizenship could have any adverse effect on Owner, or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.. Note Purchase Agreement

Appears in 1 contract

Samples: Note Purchase Agreement (Jetblue Airways Corp)

Mortgagee. Upon WTC giving any notice in accordance with Section 11.113.1(a), Mortgagee shall (if and so long as such citizenship citizen- ship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's citizenship could have any adverse effect on OwnerLessee, any Participant or any Note Holder), subject to Section 9.02 8.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

Appears in 1 contract

Samples: Participation Agreement (Atlas Air Inc)

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