Common use of Delivery of Documents; Delivery Dates Clause in Contracts

Delivery of Documents; Delivery Dates. (a) The Trustee is hereby directed (i) to execute and deliver the Intercreditor Agreement and each of the Participation Agreements on or prior to the Issuance Date, each in the form delivered to the Trustee by the Company and (ii) subject to the respective terms thereof, to perform its obligations thereunder. The provisions of this Section 4.01(a) supplement and do not supersede the provisions of Section 2.02(a) of the Basic Agreement. (b) The Trustee acknowledges its acceptance of all right, title and interest in and to the Trust Property to be acquired pursuant to Section 2.02 of the Basic Agreement, Section 4.01(a) of this Trust Supplement and each Participation Agreement, and declares that it holds and will hold such right, title and interest for the benefit of all present and future Applicable Certificateholders, upon the trusts set forth in this Agreement. By its acceptance of an Applicable Certificate, each initial Applicable Certificateholder, as a grantor of the Applicable Trust, joins with the Trustee in the creation of the Applicable Trust.

Appears in 3 contracts

Sources: Trust Supplement (Continental Airlines Inc /De/), Trust Supplement (Continental Airlines Inc /De/), Trust Supplement (Continental Airlines Inc /De/)