Common use of No Action Except Under Specified Documents Clause in Contracts

No Action Except Under Specified Documents. or --------------------------------------------- Instructions. The Owner Trustee shall have no power or authority to, and the ------------ Owner Trustee agrees that it will not, manage, control, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (i) as expressly required by the terms of any of the Operative Agreements to which the Owner Trustee is a party, (ii) as expressly provided by the terms hereof, or (iii) as expressly provided in written instructions from the Owner Participant pursuant to Section 5.01 or 5.02, but subject always to the provisions of the Lien created by the Indenture.

Appears in 4 contracts

Sources: Trust Agreement (Midway Airlines Corp), Note Purchase Agreement (Midway Airlines Corp), Trust Agreement (Midway Airlines Corp)

No Action Except Under Specified Documents. or --------------------------------------------- Instructions. The Owner Trustee shall have no power or authority to, and the ------------ ------------- Owner Trustee agrees that it will not, manage, control, operate, lease, use, sell, dispose of or otherwise deal with the Aircraft or any other part of the Trust Estate except (i) as expressly required by the terms of any of the Operative Agreements to which the Owner Trustee is a party, (ii) as expressly provided by the terms hereof, or (iii) as expressly provided in written instructions from the Owner Participant pursuant to Section 5.01 or 5.02, but subject always to the provisions of the Lien created by the Indenture.

Appears in 1 contract

Sources: Trust Agreement (Midway Airlines Corp)