Aircraft Conversion Account Clause Samples
Aircraft Conversion Account. As and to the extent provided in Section 3.04(g) and Section 5.02(i) hereof (or in the terms of any indenture supplement hereto or indenture supplement to the Guarantor Indenture or a Board Resolution or Guarantor Board Resolution with respect to the related ACS Group Additional Securities), an amount equal to any expected ACS Group Conversion Payment (or in the case of a Conversion Election, a portion thereof) will be transferred from the Collections Account (i) in the event of a Conversion Election for any Payment Date, in an amount equal to the sum of (A) the Available Minimum Principal Amount (or a portion thereof) to fund the Allocable Principal Conversion Amount and (B) the Available Holder Amount (or a portion thereof) to fund the Allocable Equity Conversion Amount for such Payment Date, or (ii) out of the proceeds of the ACS Group Additional Securities, in each case to the Aircraft Conversion Account. The amount so deposited will be held in the Aircraft Conversion Account and invested in Permitted Account Investments until applied as provided in Section 3.04 or 3.08 hereof and upon payment of all ACS Group Conversion Payments required for such Aircraft Conversion, any remaining amounts in the Aircraft Conversion Account shall be promptly transferred to the Collections Account. The Administrative Agent shall notify the Security Trustee and the Cash Manager of the satisfaction or waiver (specifying which) of all conditions for the payment of any ACS Group Conversion Payment, and no amounts may be withdrawn or transferred from the Aircraft Conversion Account until receipt of such notice as to such ACS Group Conversion Payment.
Aircraft Conversion Account. As and to the extent provided in Section 3.04(h), Section 3.06(g) and Section 5.02(i) hereof, an amount equal to any expected ACS Group Conversion Payment (or in the case of a Conversion Election, a portion thereof) will be transferred from the Collections Account (i) from the Available Holder Amount (or a portion thereof), or (ii) out of contributions by the Holders of the Class E Securities or Shareholders pursuant to Section 3.12 or the proceeds of additional Class E Securities, in each case to the Aircraft Conversion Account. The amount so deposited will be held in the Aircraft Conversion Account and invested in Permitted Account Investments until applied as provided in Section 3.04 or 3.08 hereof and upon payment of all ACS Group Conversion Payments required for such Aircraft Conversion or upon a determination by the Borrowers that it no longer intends to proceed with the contemplated Aircraft Conversion, any remaining amounts in the Aircraft Conversion Account relating to the Aircraft that shall have undergone such Aircraft Conversion or contemplated Aircraft Conversion shall be promptly transferred (A) in the case of an Aircraft Conversion, to the Securities Account for the Holders of the Class E Securities, and (B) in the case of an Guarantor Aircraft Conversion, to the Shareholders Account to be available, subject to corporate formalities, to fund a dividend or distribution to the Shareholders.
Aircraft Conversion Account. The Cash Manager shall take all reasonably necessary steps to ensure that all funds on deposit in the Aircraft Conversion Account are, to the extent required by the Indenture, transferred from such Aircraft Conversion Account to the Collections Account and from the Collections Account to such Aircraft Conversion Account.
Aircraft Conversion Account. As and to the extent provided in Section 3.03 hereof (or in the terms of any indenture supplemental hereto), an amount equal to any expected Conversion Payment will be transferred from the Collections Account out of the proceeds of the Additional Notes and/or capital contributions by the holders of the Class A Shares to the Aircraft Conversion Account. The amount so deposited will be held in that Account and invested in Permitted Account Investments until applied as provided in Section 3.04 or 3.09 hereof. The Issuer shall notify the Security Trustee and the Cash Manager of the satisfaction or waiver (specifying which) of all conditions for the payment of any Conversion Payment, and no amounts may be withdrawn or transferred from the Aircraft Conversion Account until receipt of such notice as to such Conversion Payment.