Return of Aircraft, Etc. Subject to Section 7.02 hereof: (a) If an Indenture Event of Default shall have occurred and be continuing, at the request of the Indenture Trustee, the Owner Trustee shall promptly execute and deliver to the Indenture Trustee such documents as the Indenture Trustee may deem necessary or advisable to enable the Indenture Trustee or an agent or representative designated by the Indenture Trustee, at such time or times and place or places as the Indenture Trustee may specify, to obtain possession of all or any part of the Trust Indenture Estate to which the Indenture Trustee shall at the time be entitled under this Indenture. Subject to the foregoing, if the Owner Trustee shall for any reason fail to execute and deliver such documents after such request by the Indenture Trustee, the Indenture Trustee may pursue all or part of such Trust Indenture Estate wherever it may be found and enter any of the premises of the Lessee or the Owner Trustee wherever such Trust Indenture Estate may be or be supposed to be and search for such Trust Indenture Estate and take possession of and remove such Trust Indenture Estate. All expenses of pursuing, searching for and taking such Trust Indenture Estate shall, until paid, be secured by the Lien of this Indenture.
Appears in 3 contracts
Sources: Trust Indenture and Security Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp)
Return of Aircraft, Etc. Subject to Section 7.02 ----------------------- hereof: (a) If , if an Indenture Event of Default shall have occurred and be continuing, at the request of the Indenture Trustee, the Owner Trustee Company shall promptly execute and deliver to the Indenture Trustee such documents as the Indenture Trustee may reasonably deem necessary or advisable to enable the Indenture Trustee or an agent or representative designated by the Indenture Trustee, at such time or times and place or places as the Indenture Trustee may specify, to obtain possession of all or any part of the Trust Indenture Estate Collateral to which the Indenture Trustee shall at the time be entitled under this Indenture. Subject to the foregoing, if the Owner Trustee Company shall for any reason fail to execute and deliver such documents after such request by the Indenture Trustee, the Indenture Trustee may pursue all or part of such Trust Indenture Estate wherever it may be found and enter any of the premises of the Lessee or the Owner Trustee Company wherever such Trust Indenture Estate Collateral may be or be supposed to be and search for such Trust Indenture Estate Collateral and take possession of and remove such Trust Indenture EstateCollateral. All expenses of pursuing, searching for and taking such Trust Indenture Estate Collateral shall, until paid, be secured by the Lien of this Indenture.
Appears in 1 contract
Return of Aircraft, Etc. Subject to Section 7.02 hereof7.02: (a) ------------------------ If an Indenture Event of Default shall have occurred and be continuing, at the request of the Indenture Trustee, the Owner Trustee shall promptly execute and deliver to the Indenture Trustee such instruments of title and other documents as the Indenture Trustee may deem necessary or advisable to enable the Indenture Trustee or an agent or representative designated by the Indenture Trustee, at such time or times and place or places as the Indenture Trustee may specify, to obtain possession of all or any part of the Trust Indenture Estate to which the Indenture Trustee shall at the time be entitled under this Indenturehereunder. Subject to the foregoing, if If the Owner Trustee shall for any reason fail to execute and deliver such instruments and documents after such request by the Indenture Trustee, the Indenture Trustee may (i) obtain a judgment conferring on the Indenture Trustee the right to immediate possession and requiring the Owner Trustee to execute and deliver such instruments and documents to the Indenture Trustee, to the entry of which judgment the Owner Trustee hereby specifically consents, and (ii) pursue all or part of such Trust the Indenture Estate wherever it such Indenture Estate may be found and may, in the name of the Owner Trustee or otherwise, enter any of the premises of the Lessee or the Owner Trustee wherever such Trust Indenture Estate may be or be supposed to be and search for such Trust Indenture Estate and take possession of and remove such Trust the Indenture Estate. All expenses of obtaining such judgment or of pursuing, searching for and taking such Trust Indenture Estate property shall, until paid, be secured by the Lien of this Indenture.
Appears in 1 contract
Sources: Trust Indenture and Security Agreement (Delta Air Lines Inc /De/)