Common use of Amount Unlimited; Issuable in Classes Clause in Contracts

Amount Unlimited; Issuable in Classes. (a) The aggregate ------------------------------------- principal amount of Certificates which may be authenticated and delivered under this Basic Agreement is unlimited. The Certificates may be issued from time to time in one or more classes and shall be designated generally as the "Pass Through Certificates," with such further designations added or incorporated in such title for the Certificates of each class as specified in the related Trust Supplement. Each Certificate shall bear upon its face the designation so selected for the class to which it belongs. All Certificates of the same class shall be substantially identical except that the Certificates of a class may differ as to denomination and as may otherwise be provided in the Trust Supplement establishing the Certificates of such class. Each class of Certificates issued pursuant to this Agreement shall evidence fractional undivided interests in the related Trust and Fractional Cumulative Interests in all Trusts of such class and shall have no rights, benefits or interests in respect of any Trust of any other class or the Trust Property held therein. All Certificates of the same class shall be in all respects equally and ratably entitled to the benefits of this Agreement without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Agreement. (b) The following matters shall be established with respect to the Certificates of each class issued hereunder by a Trust Supplement executed and delivered by and between the Company and the Trustee: (i) the formation of the Trust as to which the Certificates of such class represent fractional undivided interests and its class designation (which designation shall distinguish such Trust from each other Trust of any other class created under this Basic Agreement and a Trust Supplement); (ii) the specific title of the Certificates of such class (which title shall distinguish the Certificates of such class from each other class of Certificates created under this Basic Agreement and a Trust Supplement); (iii) any limit upon the aggregate principal amount of the Certificates of such class which may be authenticated and delivered (which limit shall not pertain to Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates of the class pursuant to Sections 3.04, ------------- 3.07 and 3.10); ---- ---- (iv) the Cut-off Date with respect to the Certificates of such class; (v) the Regular Distribution Dates applicable to the Certificates of such class; (vi) the Special Distribution Dates applicable to the Certificates of such class and the related Trust; (vii) if other than as provided in Section 7.12(b), the Registrar --------------- or the Paying Agent for the Certificates of such class, including any Co-Registrar or additional Paying Agent; (viii) if other than as provided in Section 3.01, the denominations ------------ in which the Certificates of such class shall be issuable; (ix) the specific form of the Certificates of such class (including the interest rate applicable thereto) and whether or not Certificates of such class are to be issued as Global Certificates and, if such Certificates are to be Global Certificates, the form of Letter of Representations (or, in the case of any Certificates denominated or payable in a currency other than United States dollars and if other than as provided in Section 3.05, whether and the circumstances under which beneficial owners of interests represented by such Global Certificates may exchange such Global Certificates for Definitive Certificates of such class and of like tenor of any authorized form and denomination); (x) a description of the Trust Owned Notes to be acquired and held in the related Trust and of the related Aircraft and the other Note Documents; (xi) provisions with respect to the terms for which the definitions set forth in Article I permit or require further --------- specification in the related Trust Supplement; (xii) any restrictions (including legends) in respect of ERISA; (xiii) the acceptance of appointment by the institution named to act as trustee with respect to such trust, if different from the institution executing this Basic Agreement or its successor; (xiv) whether such class will have the benefit of Liquidity Facilities and, if so, any terms appropriate thereto; and (xv) any other terms of the Certificates of such class (which terms shall not be inconsistent with the provisions of the Trust Indenture Act), including any terms which may be required or advisable under United States laws or regulations or advisable in connection with the marketing of Certificates of the class. (c) At any time and from time to time after the execution and delivery of this Basic Agreement and a Trust Supplement forming a Trust and establishing the terms of Certificates of a class, Certificates of such class shall be executed, authenticated and delivered by the Trustee to the Person or Persons specified by the Company upon request of the Company and upon satisfaction of any conditions precedent set forth in such Trust Supplement.

Appears in 1 contract

Samples: Pass Through Trust Agreement (United Air Lines Inc)

AutoNDA by SimpleDocs

Amount Unlimited; Issuable in Classes. (a) The aggregate ------------------------------------- principal amount of Certificates which may be authenticated and delivered under this Basic Agreement is unlimited. The Certificates may be issued from time to time in one or more classes and shall be designated generally as the "Pass Through Certificates," with such further designations added or incorporated in such title for the Certificates of each class as specified in the related Trust Supplement. Each Certificate shall bear upon its face the designation so selected for the class to which it belongs. All Certificates of the same class shall be substantially identical except that the Certificates of a class may differ as to denomination and as may otherwise be provided in the Trust Supplement establishing the Certificates of such class. Each class of Certificates issued pursuant to this Agreement shall evidence fractional undivided interests in the related Trust and [(2000-2) PASS THROUGH TRUST AGREEMENT] Fractional Cumulative Interests in all Trusts of such class and shall have no rights, benefits or interests in respect of any Trust of any other class or the Trust Property held therein. All Certificates of the same class shall be in all respects equally and ratably entitled to the benefits of this Agreement without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Agreement. (b) The following matters shall be established with respect to the Certificates of each class issued hereunder by a Trust Supplement executed and delivered by and between the Company and the Trustee: (i) the formation of the Trust as to which the Certificates of such class represent fractional undivided interests and its class designation (which designation shall distinguish such Trust from each other Trust of any other class created under this Basic Agreement and a Trust Supplement); (ii) the specific title of the Certificates of such class (which title shall distinguish the Certificates of such class from each other class of Certificates created under this Basic Agreement and a Trust Supplement); (iii) any limit upon the aggregate principal amount of the Certificates of such class which may be authenticated and delivered (which limit shall not pertain to Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates of the class pursuant to Sections 3.04, ------------- 3.07 and 3.10); ---- ----; (iv) the Cut-off Date with respect to the Certificates of such class; (v) the Regular Distribution Dates applicable to the Certificates of such class; (vi) the Special Distribution Dates applicable to the Certificates of such class and the related Trust; (vii) if other than as provided in Section 7.12(b), the Registrar --------------- or the Paying Agent for the Certificates of such class, including any Co-Registrar or additional Paying Agent; (viii) if other than as provided in Section 3.01, the denominations ------------ in which the Certificates of such class shall be issuable; (ix) the specific form of the Certificates of such class (including the interest rate applicable thereto) and whether or not Certificates of such class are to be 24 [(2000-2) PASS THROUGH TRUST AGREEMENT] issued as Global Certificates and, if such Certificates are to be Global Certificates, the form of Letter of Representations (or, in the case of any Certificates denominated or payable in a currency other than United States dollars and if other than as provided in Section 3.05, whether and the circumstances under which beneficial owners of interests represented by such Global Certificates may exchange such Global Certificates for Definitive Certificates of such class and of like tenor of any authorized form and denomination); (x) a description of the Trust Owned Notes to be acquired and held in the related Trust and of the related Aircraft and the other Note Documents; (xi) provisions with respect to the terms for which the definitions set forth in Article I permit or require further --------- specification in the related Trust Supplement; (xii) any restrictions (including legends) in respect of ERISA; (xiii) the acceptance of appointment by the institution named to act as trustee with respect to such trust, if different from the institution executing this Basic Agreement or its successor; (xiv) whether such class will have the benefit of Liquidity Facilities and, if so, any terms appropriate thereto; and (xv) any other terms of the Certificates of such class (which terms shall not be inconsistent with the provisions of the Trust Indenture Act), including any terms which may be required or advisable under United States laws or regulations or advisable in connection with the marketing of Certificates of the class. (c) At any time and from time to time after the execution and delivery of this Basic Agreement and a Trust Supplement forming a Trust and establishing the terms of Certificates of a class, Certificates of such class shall be executed, authenticated and delivered by the Trustee to the Person or Persons specified by the Company upon request of the Company and upon satisfaction of any conditions precedent set forth in such Trust Supplement.

Appears in 1 contract

Samples: Pass Through Trust Agreement (United Air Lines Inc)

Amount Unlimited; Issuable in Classes. (a) The aggregate ------------------------------------- principal amount of Certificates which may be authenticated and delivered under this Basic Agreement is unlimited. The Certificates may be issued from time to time in one or more classes and shall be designated generally as the "Pass Through Certificates," with such further designations added or incorporated in such title for the Certificates of each class as specified in the related Trust Supplement. Each Certificate shall bear upon its face the designation so selected for the class to [2001-1 Pass Through Trust Agreement] which it belongs. All Certificates of the same class shall be substantially identical except that the Certificates of a class may differ as to denomination and as may otherwise be provided in the Trust Supplement establishing the Certificates of such class. Each class of Certificates issued pursuant to this Agreement shall evidence fractional undivided interests in the related Trust and Fractional Cumulative Interests in all Trusts of such class and shall have no rights, benefits or interests in respect of any Trust of any other class or the Trust Property held therein. All Certificates of the same class shall be in all respects equally and ratably entitled to the benefits of this Agreement without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Agreement. (b) The following matters shall be established with respect to the Certificates of each class issued hereunder by a Trust Supplement executed and delivered by and between the Company and the Trustee: (i) the formation of the Trust as to which the Certificates of such class represent fractional undivided interests and its class designation (which designation shall distinguish such Trust from each other Trust of any other class created under this Basic Agreement and a Trust Supplement); (ii) the specific title of the Certificates of such class (which title shall distinguish the Certificates of such class from each other class of Certificates created under this Basic Agreement and a Trust Supplement); (iii) any limit upon the aggregate principal amount of the Certificates of such class which may be authenticated and delivered (which limit shall not pertain to Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates of the class pursuant to Sections 3.04, ------------- 3.07 and 3.10); ------------- ---- ---- ---- (iv) the Cut-off Date with respect to the Certificates of such class; (v) the Regular Distribution Dates applicable to the Certificates of such class; (vi) the Special Distribution Dates applicable to the Certificates of such class and the related Trust; (vii) if other than as provided in Section 7.12(b), the Registrar --------------- or the Paying Agent for the Certificates of such class, including any Co-Registrar or additional Paying Agent; (viii) if other than as provided in Section 3.01, the denominations ------------ in which the Certificates of such class shall be issuable; (ix) the specific form of the Certificates of such class (including the interest rate applicable thereto) and whether or not Certificates of such class are to be issued as Global Certificates and, if such Certificates are to be Global Certificates, the form of Letter of Representations (or, in the case of any Certificates denominated or payable in a currency other than United States dollars and if other than as provided in Section 3.05, whether and the circumstances under which beneficial owners of interests represented by such Global Certificates may exchange such Global Certificates for Definitive Certificates of such class and of like tenor of any authorized form and denomination); (x) a description of the Trust Owned Notes to be acquired and held in the related Trust and of the related Aircraft and the other Note Documents; (xi) provisions with respect to the terms for which the definitions set forth in Article I permit or require further --------- specification in the related Trust Supplement; (xii) any restrictions (including legends) in respect of ERISA; (xiii) the acceptance of appointment by the institution named to act as trustee with respect to such trust, if different from the institution executing this Basic Agreement or its successor; (xiv) whether such class will have the benefit of Liquidity Facilities and, if so, any terms appropriate thereto; and (xv) any other terms of the Certificates of such class (which terms shall not be inconsistent with the provisions of the Trust Indenture Act), including any terms which may be required or advisable under United States laws or regulations or advisable in connection with the marketing of Certificates of the class. (c) At any time and from time to time after the execution and delivery of this Basic Agreement and a Trust Supplement forming a Trust and establishing the terms of Certificates of a class, Certificates of such class shall be executed, authenticated and delivered by the Trustee to the Person or Persons specified by the Company upon request of the Company and upon satisfaction of any conditions precedent set forth in such Trust Supplement.

Appears in 1 contract

Samples: Pass Through Trust Agreement (United Air Lines Inc)

AutoNDA by SimpleDocs

Amount Unlimited; Issuable in Classes. (a) The aggregate ------------------------------------- principal amount of Certificates which may be authenticated and delivered under this Basic Agreement is unlimited. The Certificates may be issued from time to time in one or more classes class and shall be designated generally as the "Pass Through Certificates," with such further designations added or incorporated in such title for the Certificates of each class as specified in the related Trust Supplement. Each Certificate shall bear upon its face the designation so selected for the class to which it belongs. All Certificates of the same class shall be substantially identical except that the Certificates of a class may differ as to denomination and as may otherwise be provided in the Trust Supplement establishing the Certificates of such class. Each class of Certificates issued pursuant to this Agreement shall evidence fractional undivided interests in the related Trust and Fractional Cumulative Interests in all Trusts of such class and shall have no rights, benefits or interests in respect of any Trust of any other class or the Trust Property held therein. All Certificates of the same class shall be in all respects equally and ratably entitled to the benefits of this Agreement without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Agreement. (b) The following matters shall be established with respect to the Certificates of each class issued hereunder by a Trust Supplement executed and delivered by and between the Company and the Trustee: (i) the formation of the Trust as to which the Certificates of such class represent fractional undivided interests and its class designation (which designation shall distinguish such Trust from each other Trust of any other class created under this Basic Agreement and a Trust Supplement); (ii) the specific title of the Certificates of such class (which title shall distinguish the Certificates of such class from each other class of Certificates created under this Basic Agreement and a Trust Supplement); (iii) any limit upon the aggregate principal amount of the Certificates of such class which may be authenticated and delivered (which limit shall not pertain to Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates of the class pursuant to Sections 3.04, ------------- 3.07 and 3.10); ---- ----; (iv) the Cut-off Date with respect to the Certificates of such class; (v) the Regular Distribution Dates applicable to the Certificates of such class; (vi) the Special Distribution Dates applicable to the Certificates of such class and the related Trust; (vii) if other than as provided in Section 7.12(b), the Registrar --------------- or the Paying Agent for the Certificates of such class, including any Co-Registrar or additional Paying Agent; (viii) if other than as provided in Section 3.01, the denominations ------------ in which the Certificates of such class shall be issuable; (ix) the specific form of the Certificates of such class (including the interest rate applicable thereto) and whether or not Certificates of such class are to be issued as Global Initial Certificates and, if such Certificates are to be Global or Exchange Certificates, the form of Letter of Representations (or, in the case of any Certificates denominated or payable in a currency other than United States dollars and if other than as provided in Section 3.05, whether and the circumstances under which beneficial owners of interests represented by such Global Certificates may exchange such Global Certificates for Definitive Certificates of such class and of like tenor of any authorized form and denomination); (x) a description of the Trust Owned Equipment Notes to be acquired and held in the related Trust and of the related Aircraft and the other Note Documents; (xi) provisions with respect to the terms for which the definitions set forth in Article I permit or require further --------- specification in the related Trust Supplement; (xii) any restrictions (including legends) in respect of ERISA; (xiii) the acceptance of appointment by the institution named to act as trustee with respect to such trust, if different from the institution executing this Basic Agreement or its successor; (xiv) whether such class will have the benefit of Liquidity Facilities and, if so, any terms appropriate thereto; and (xvxiv) any other terms of the Certificates of such class (which terms shall not be inconsistent with the provisions of the Trust Indenture Act), including any terms which may be required or advisable under United States laws or regulations or advisable in connection with the marketing of Certificates of the class. (c) At any time and from time to time after the execution and delivery of this Basic Agreement and a Trust Supplement forming a Trust and establishing the terms of Certificates of a class, Certificates of such class shall be executed, authenticated and delivered by the Trustee to the Person or Persons specified by the Company upon request of the Company and upon satisfaction of any conditions precedent set forth in such Trust SupplementSupplement or in any other document to which the Trustee is a party relating to the issuance of the Certificates of such class.

Appears in 1 contract

Samples: Pass Through Trust Agreement (United Air Lines Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!