Agreements and Amendments to Term Sheet Clause Samples

Agreements and Amendments to Term Sheet. (a) The Term Sheet is hereby amended by the addition of a new Paragraph 1(g) as follows: “The Equipment Notes will be amended to provide (x) for the terms agreed by the Owner Participants and Atlas pursuant to Section 1.B of the OP Term Sheet, subject to the last sentence of this paragraph 1(g) and provided that (A) amortization schedules for each of the Equipment Notes shall in any event be subject to approval by the A Holders, (B) the last sentence of Section 1.B of the OP Term Sheet does not limit the right of the A Holders to require any amendment of the Equipment Notes that is otherwise permitted by this Term Sheet to be required by the A Holders (it being understood that, in accordance with such last sentence of Section 1.B of the OP Term Sheet, the Owner Participants will not be required to consent to any such other amendments), (y) that upon payment in full of the principal, interest and other amounts payable on the Class A Certificates, Class B Certificates and Class C Certificates issued under the Pass Through Trust Agreement together with (i) any other amounts payable pursuant to Sections 3.3, 6.7 and 7.1 of the 1 Contemporaneously with this Third Amendment, substantially similar amendments are being executed concerning the Atlas 1999 and 2000 EETC Transactions and the respective Term Sheets executed in connection therewith. Intercreditor Agreement, and (ii) any amounts payable to the Mortgagee under the Trust Indenture (other than, after the Class A Certificates, Class B Certificates and Class C Certificates and the amounts referred to in clause (i) of this sentence have been paid in full, principal and interest on the Equipment Notes), any outstanding balance under the Equipment Notes shall be deemed to be satisfied in full. For the avoidance of doubt, it is understood that (x) the revised amortization schedules for the Equipment Notes will be such that the Equipment Notes with respect to each Aircraft will be paid in full before any amount of Basic Rent with respect to such Aircraft become payable to the Owner Trustee (for the benefit of the Owner Participant) of such Aircraft, and (y) the Amendments will not include any amendment of the Equipment Notes that would require the maker of any Equipment Note to pay, after the Equipment Notes and any other obligations of such maker under the Operative Documents have been paid in full, any additional amounts except to the extent expressly provided for in this Term Sheet.” (b) Paragraphs 3(a), (b), (...