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MATTER OF CONTINENTAL AIRLINES, INC.

Bankruptcy Nos. 90-932 to 90-984, Motion No. 92-258.

154 B.R. 176 (1993)

In the Matter of CONTINENTAL AIRLINES, INC., et al., Debtors.

United States Bankruptcy Court, D. Delaware.

April 16, 1993.

Attorney(s) appearing for the Case

Richard G. Elliott, Jr., Todd V. Jones, Richards, Layton & Finger, Wilmington, DE, Gary S. Jacobson, Kelley Drye & Warren, New York City, for NationsBank of Tennessee.

Kenneth B. Falk, Wilentz, Goldman & Spitzer, Woodbridge, NJ, for National State Bank of Elizabeth, N.J.

David J. Askanase, Hughes, Watters & Askanase, Houston, TX, for Boatmen's First Nat. Bank of Oklahoma, N.A.

Linda Brower, Wolff & Samson, P.A., Roseland, NJ, for United Jersey Bank.

Zack A. Clement, Jill M. McCleary, Fulbright & Jaworski, L.L.P., Houston, TX, Laura Davis Jones, Young, Conaway, Stargatt & Taylor, Wilmington, DE, T. Jay Thompson, Gerald Laderman, Continental Airlines, Inc., Houston, TX, for debtors.

MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

This is the Court's decision on the Motions of NationsBank of Tennessee (NationsBank or Collateral Trustee), as successor Collateral Trustee under a certain Secured Equipment Indenture and Lease Agreement, dated March 15, 1987 (the Indenture), and the National State Bank of Elizabeth, New Jersey, Harris Trust and Savings Bank and Boatmen's First National Bank of Oklahoma, N.A., as successor...

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