Section 1110 of the Bankruptcy Code. It is the intention of the parties hereto that the security interest created hereby entitles the Administrative Agent on behalf of the Secured Parties to all of the benefits of Section 1110 of the Bankruptcy Code in the event of any reorganization of the Company under the Bankruptcy Code subject, in each case, to the relevant provisions of Section 1110.
Section 1110 of the Bankruptcy Code. It is the intention of the parties hereto that the security interest created hereby entitles the Secured Party, on behalf of the Beneficiaries, to all of the benefits of Section 1110 of Chapter 11 of the Bankruptcy Code with respect to all of the Pledged Spare Parts and Spare Parts Documents (other than the Identified Spare Parts and the Spare Parts Documents in respect of such Identified Spare Parts), in the event the Company becomes a debtor under such Chapter 11.
Section 1110 of the Bankruptcy Code. It is the intention of the parties that the Mortgagee be entitled to the benefits of Section 1110 of the Bankruptcy Code, subject to Owner’s rights thereunder, with respect to the right to take possession of Aircraft and Engines, and to enforce any of its other rights or remedies as provided in this Mortgage in the event of a case under Chapter 11 of the Bankruptcy Code in which Owner is a Owner.
Section 1110 of the Bankruptcy Code. It is the intention of the parties that the Collateral Agent be entitled to the benefits of Section 1110 of the Bankruptcy Code, subject to each Grantor’s rights thereunder, with respect to the right to take possession of Aircraft, Engine, Spare Engines and Spare Parts (other than Aircraft, Engines and Spare Engines listed on Schedule 3.19 to the Credit Agreement and Spare Parts that were first placed in service prior to October 22, 1994), and to enforce any of its other rights or remedies as provided in this Mortgage in the event of a case under Chapter 11 of the Bankruptcy Code in which a Grantor is a debtor, all subject to the provisions and limitations of the Bankruptcy Code.
Section 1110 of the Bankruptcy Code. It is the intention of the parties that the security interest created by this Agreement shall be a security interest within the meaning of Section 1110 of the Bankruptcy Code (11 U.S.C. ss. 1110) which shall entitle Mortgagee to all of the benefits of such Section or any similar successor provision with respect to the right to repossess the Airframe, Engines and Parts as provided herein; and in any circumstances where more than one construction of the terms and conditions of this Agreement is possible, a construction which would preserve such benefits shall control over any construction which would not preserve such benefits or would render them doubtful. In that regard, the parties acknowledge and agree that the security interest created by this Agreement is intended to be a purchase-money security interest retained and taken by Mortgagee for the benefit of the holders of the Securities as seller of the Collateral to Mortgagor to secure the purchase price of the Collateral as evidenced by the Operative Documents. To the extent consistent with the provisions of such Section 1110 or any analogous Section of the Federal bankruptcy laws, as amended from time to time, it is hereby expressly agreed and provided that, notwithstanding any other provisions of the Federal bankruptcy laws, as amended from time to time, any right of Mortgagee to take possession of the Aircraft in compliance with the provisions of this Agreement shall not be affected by the provisions of 11 U.S.C. ss. 362 or ss. 363, as amended from time to time, or any analogous provisions of any superseding statute or any power of the bankruptcy court to enjoin such taking of possession. It is the intention of the parties that the entitlement to such benefits shall not be adversely affected by any sale or other transfer of any Security to a subsequent Holder or by any modification of the terms hereof, of the Securities or of the other Operative Documents.
Section 1110 of the Bankruptcy Code. The Collateral Agent is entitled to the benefits of Section 1110 of the Bankruptcy Code, subject to the Grantor’s rights thereunder, with respect to the right to take possession of the Pledged Spare Parts, to the extent that any such Pledged Spare Part was first placed in service after October 22, 1994, and to enforce any of its other rights or remedies as provided in this Security Agreement in the event of a case under Chapter 11 of the Bankruptcy Code in which the Grantor is a debtor, all subject to the provisions and limitations of the Bankruptcy Code.
Section 1110 of the Bankruptcy Code. The Collateral Agent is entitled to the benefits of Section 1110 of the Bankruptcy Code, subject to the Grantor’s rights thereunder, with respect to the right to take possession of any of the Engines and the Pledged Spare Parts and to enforce any of its other rights or remedies as provided in this Mortgage in the event of a case under Chapter 11 of the Bankruptcy Code in which the Grantor is a debtor, all subject to the provisions and limitations of the Bankruptcy Code. The Grantor hereby confirms to the Collateral Agent that all Engines and Pledged Spare Parts subjected to the Lien of this Mortgage shall have been first placed in service after October 22, 1994.
Section 1110 of the Bankruptcy Code. It is the intention of the parties hereto that the security interest created hereby in the Pledged Spare Parts entitles the Security Trustee on behalf of the Beneficiaries to all of the benefits of Section 1110 of Chapter 11 of the Bankruptcy Code with respect to at least the Minimum 1110 Percentage (determined on the basis of Appraisal Value) of the Rotables included within the Pledged Spare Parts in the event the Company becomes a debtor under such Chapter.
Section 1110 of the Bankruptcy Code. It is the intention of the parties to this Mortgage that the Lender be entitled to the benefits of Section 1110 of the Bankruptcy Code, subject to Great Lakes’ rights thereunder, with respect to the right to take possession of Aircraft, Engine, Spare Engines, Propellers, Spare Propellers and Spare Parts, and to enforce any of its other rights or remedies as provided in this Mortgage in the event of a case under Chapter 11 of the Bankruptcy Code in which Great Lakes is a debtor, all subject to the provisions and limitations of the Bankruptcy Code.
Section 1110 of the Bankruptcy Code. It is the intention of the parties that the Administrative Agent be entitled to the benefits of Section 1110 of the Bankruptcy Code, [Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] subject to each Grantor’s rights thereunder, with respect to the right to take possession of Aircraft, Engine, Spare Engines and Pledged Spare Parts (other than Aircraft listed on Schedule 3.18 to the Credit Agreement and Engines, Spare Engines and Pledged Spare Parts that were first placed in service on or prior to October 22, 1994), and to enforce any of its other rights or remedies as provided in this Mortgage in the event of a case under Chapter 11 of the Bankruptcy Code in which a Grantor is a debtor, all subject to the provisions and limitations of the Bankruptcy Code.
