Agreement to Terms of Subordination Sample Clauses

Agreement to Terms of Subordination. Payments from Monies Received ------------------------------------------------------------------ Only. ---- (a) Each Trustee hereby acknowledges and agrees to the terms of subordination and distribution set forth in this Agreement in respect of each Class of Certificates and agrees to enforce such provisions and cause all payments in respect of the AFE Notes, United Equipment Notes, the 747 Leased Equipment Notes and the Liquidity Facilities to be applied in accordance with the terms of this Agreement. In addition, each Trustee hereby agrees to cause the Trust Owned Notes purchased by the related Trust to be registered in the name of the Subordination Agent or its nominee, as agent and trustee for such Trustee, to be held in trust by the Subordination Agent solely for the purpose of facilitating the enforcement of the subordination and other provisions of this Agreement. (b) Except as otherwise expressly provided in the next sentence of this Section 2.1, all payments to be made by the Subordination Agent hereunder ----------- shall be made only from amounts received by it that constitute Scheduled Payments, Special Payments, payments under Section 7 of the Leased Aircraft Participation Agreements, payments under Section 5 of the Owned Aircraft Participation Agreements, payments under Section 7 of the 747 Leased Aircraft Participation Agreement, payments under Section 4(j) or 7 of the United Equipment Note Purchase Agreement, payments under Section 7 of the Leased Equipment Note Purchase Agreement, payments under Section 7 of the 747 Leased Equipment Note Purchase Agreement, payments under Section 5(i) or 7 of the AFE Note Purchase Agreement or payments under any Liquidity Facility, and only to the extent that the Subordination Agent shall have received sufficient income or proceeds therefrom to enable it to make such payments in accordance with the terms hereof. Each of the Trustees and the Subordination Agent hereby agrees and, as provided in each Trust Agreement, each Certificateholder, by its acceptance of a Certificate, and each Liquidity Provider, by entering into the Liquidity Facility to which it is a party, has agreed to look solely to such amounts to the extent available for distribution to it as provided in this Agreement and that none of the Trustees, the Owner Trustees, the AFE Trustee, the Indenture Trustees, the Owner Participants nor the Subordination Agent is personally liable to any of them for any amounts payable or any liability under th...
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Agreement to Terms of Subordination. Payments from Monies Received Only..........................................20 SECTION 2.2
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Related to Agreement to Terms of Subordination

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