Common use of Acceptance of Aircraft Clause in Contracts

Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx of Sale; (b) accept from Lessee the delivery of the Xxxx of Sale and the FAA Xxxx of Sale; (c) cause the Aircraft to be leased to Lessee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation Agreement; (f) execute and deliver the financing statements referred to in Section 4(a)(vi) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 of the Participation Agreement to which the Owner Trustee is a party; and (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx of Sale; (ii) an application for registration of the Aircraft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. 47.7(c)(2)(ii) (1979)); and (iii) the Trust Agreement.

Appears in 3 contracts

Samples: Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Corp)

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Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx of Sale; (b) accept from Lessee the delivery of the Xxxx of Sale and the FAA Xxxx of Sale; (c) cause the Aircraft to be leased to Lessee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) execute, issue to and deliver the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation AgreementEquipment Notes; (f) execute and deliver the financing statements referred to in Section 4(a)(vi4(a)(v) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 of the Participation Agreement to which the Owner Trustee is a party; and; (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx of Sale; (ii) an application for registration of the Aircraft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. 47.7(c)(2)(ii) (197947.7(c)(2)(ii)(1979)); and (iii) the Trust Agreement; and (h) execute and deliver all other documents and certificates required by the Operative Documents from time to time in accordance with the directions of the Owner Participant.

Appears in 3 contracts

Samples: Trust Agreement (Us Airways Inc), Trust Agreement (Us Airways Inc), Trust Agreement (Us Airways Inc)

Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx of Sale; (b) accept from Lessee the delivery of the Xxxx of Sale and the FAA Xxxx of Sale; (c) cause the Aircraft to be leased to Lessee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation Agreement[Intentionally Omitted]; (f) execute and deliver the financing statements referred to in Section 4(a)(vi5(a)(vi) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 5 of the Participation Agreement to which the Owner Trustee is a party; and (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx of Sale; (ii) an application for registration of the Aircraft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. 47.7(c)(2)(ii) (1979)); and (iii) the Trust Agreement.

Appears in 3 contracts

Samples: Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Corp)

Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx Bxxx of Sale; (b) accept from Lessee the delivery of the Xxxx Bxxx of Sale and the FAA Xxxx Bxxx of Sale; (c) cause the Aircraft to be leased to Lessee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation Agreement; (f) execute and deliver the financing statements referred to in Section 4(a)(vi) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 of the Participation Agreement to which the Owner Trustee is a party; and (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx Bxxx of Sale; (ii) an application for registration of the Aircraft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. Section 47.7(c)(2)(ii) (1979)); and (iii) the Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Inc /Mn)

Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx Bill of Sale; (b) accept from Lessee the delivery of the Xxxx xxx Bill of Sale and the FAA Xxxx Bill of Sale; (c) cause the xxx Aircraft to be leased to Lessee Xxxxee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation Agreement; (f) execute and deliver the financing statements referred to in Section 4(a)(vi) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 of the Participation Agreement to which the Owner Trustee is a party; and (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx Bill of Sale; (ii) an application for registration of the Aircraft Axxxxaft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. 47.7(c)(2)(ii) (1979)); and (iii) the Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Inc /Mn)

Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx of Sale; (b) accept from Lessee the delivery of the Xxxx of Sale and the FAA Xxxx of Sale; (c) cause the Aircraft to be leased to Lessee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation Agreement; (f) execute and deliver the financing statements referred to in Section 4(a)(vi) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 of the Participation Agreement to which the Owner Trustee is a party; and (gf) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx of Sale; (ii) an application for registration of the Aircraft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. 47.7(c)(2)(ii) (1979section 47.7(c)(2)(ii)(1979)); and (iii) the Trust Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Us Airways Inc)

Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx of Sale; (b) accept from Lessee the delivery of the Xxxx of Sale and the FAA Xxxx of Sale; (c) cause the Aircraft to be leased to Lessee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation Agreement; (f) execute and deliver the financing statements referred to in Section 4(a)(vi) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 of the Participation Agreement to which the Owner Trustee is a party; and; (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx of Sale; (ii) an application for registration of the Aircraft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. 47.7(c)(2)(ii) (1979)); and (iii) the Trust Agreement; and (h) execute and deliver all such other instruments, documents or certificates and take all such other actions in accordance with the directions of the Owner Participant as the Owner Participant may deem necessary or advisable in connection with the transactions contemplated hereby.

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Holdings Corp/Pred)

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Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx Bill of Sale; (b) accept from Lessee the delivery of the Xxxx xxx Bill of Sale and the FAA Xxxx Bill of Sale; (c) cause the cauxx xhe Aircraft to be leased to Lessee Xxxsee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Amended and Restated Indenture and the Indenture Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates Subordination Agent (on behalf of Pass Through Trustees) Assumed Equipment Notes in the amounts and otherwise as provided in Section 1(a) 2.01 of the Participation Agreement; (f) execute and deliver the financing statements referred to in Section 4(a)(vi3.01(e) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 3.01 of the Participation Agreement to which the Owner Trustee is a party; and (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx Bill of Sale; (ii) an application for registration of the Aircraft Axxxxaft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. 47.7(c)(2)(ii) (1979)); and (iii) the Trust Agreement.

Appears in 1 contract

Samples: Participation Agreement (Delta Air Lines Inc /De/)

Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx of Sale; (b) accept from Lessee the delivery of the Xxxx of Sale and the FAA Xxxx of Sale; (c) cause the Aircraft to be leased to Lessee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation Agreement[Intentionally Omitted]; (f) execute and deliver the financing statements referred to in Section 4(a)(vi5(a)(vi) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 5 of the Participation Agreement to which the Owner Trustee is a party; and (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx of Sale; (ii) an application for registration of the Aircraft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. Section 47.7(c)(2)(ii) (1979)); and (iii) the Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Corp)

Acceptance of Aircraft. The Original Owner Participant hereby authorizes and directs the Owner Trustee to, and the Owner Trustee agrees for the benefit of the Owner Participant that it will, on the Delivery Date, subject to due compliance with the terms of Section 3.02 hereof: (a) purchase the Aircraft pursuant to the Participation Agreement and the Xxxx of Sale; (b) accept from Lessee the delivery of the Xxxx of Sale and the FAA Xxxx of Sale; (c) cause the Aircraft to be leased to Lessee under the Lease, and in furtherance thereof execute and deliver a Lease Supplement covering the Aircraft; (d) execute and deliver the Trust Supplement covering the Aircraft; (e) issue to the Loan Participants Secured Certificates in the amounts and otherwise as provided in Section 1(a) of the Participation Agreement; (f) execute and deliver the financing statements referred to in Section 4(a)(vi) of the Participation Agreement, together with all other agreements, documents and instruments referred to in Section 4 of the Participation Agreement to which the Owner Trustee is a party; and (g) effect the registration of the Aircraft in the name of the Owner Trustee by filing or causing to be filed with the FAA: (i) the FAA Xxxx of Sale; (ii) an application for registration of the Aircraft in the name of the Owner Trustee (including without limitation an affidavit from the Owner Trustee in compliance with the provisions of 14 C.F.R. ss. Section 47.7(c)(2)(ii) (1979)); and (iii) the Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Corp)

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