Common use of Section 1110 Clause in Contracts

Section 1110. It is the intention of each of Lessee, Owner Participant, Loan Participants, the Note Holders (such intention being evidenced by each of their acceptance of an Equipment Note), Owner Trustee and Mortgagee that Owner Trustee, as lessor under the Lease (and Mortgagee as assignee of Owner Trustee under the Trust Indenture), shall be entitled to the benefits of Section 1110 in the event of a case under Chapter 11 of the Bankruptcy Code in which Lessee is a debtor.

Appears in 7 contracts

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

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Section 1110. It is the intention of each of Lessee, Owner Participant, Loan ParticipantsParticipant, the Note Holders (such intention being evidenced by each of their acceptance of an Equipment Note), Owner Trustee and Mortgagee that Owner Trustee, as lessor under the Lease (and Mortgagee as assignee of Owner Trustee under the Trust Indenture), shall be entitled to the benefits of Section 1110 in the event of a case under Chapter 11 of the Bankruptcy Code in which Lessee is a debtor.

Appears in 6 contracts

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

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Section 1110. It is the intention of each of Lessee, Owner Participant, Loan ParticipantsParticipant, the Note Holders (such intention being evidenced by each of their acceptance of an Equipment Note), Owner Trustee and Mortgagee that Owner Trustee, as lessor under the Lease (and Mortgagee as assignee of Owner Trustee under the Trust Indenture), shall be entitled to the benefits of Section 1110 in the event of a case under Chapter 11 of the Bankruptcy Code in which Lessee is a debtor.. Lessee shall at all times be certificated and registered to the extent necessary to entitle

Appears in 1 contract

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

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