Common use of Application of Interest Drawings Clause in Contracts

Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class AA Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class AA Cash Collateral Account, and payable, in each case, to the Class AA Certificateholders or the Class AA Trustee, shall be promptly distributed to American Airlines Aircraft EETC the Class AA Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A Cash Collateral Account, and payable, in each case, to the Class A Certificateholders or the Class A Trustee, shall be promptly distributed to the Class A Trustee, and (iii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class B Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class B Cash Collateral Account, and payable, in each case, to the Class B Certificateholders or the Class B Trustee, shall be promptly distributed to the Class B Trustee.

Appears in 1 contract

Samples: Intercreditor Agreement (American Airlines Inc)

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Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class AA A Liquidity Facility Facilities and all amounts withdrawn by the Subordination Agent from the Class AA A Cash Collateral Account, and payable, payable in each case, case to the Class AA Certificateholders or the Class AA TrusteeA Certificateholders, shall be promptly distributed to American Airlines Aircraft EETC the Class AA A Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A B Liquidity Facility Facilities and all amounts withdrawn by the Subordination Agent from the Class A B Cash Collateral Account, and payable, payable in each case, case to the Class A Certificateholders or the Class A TrusteeB Certificateholders, shall be promptly distributed to the Class A B Trustee, and (iii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class B C-I Liquidity Facility Facilities and all amounts withdrawn by the Subordination Agent from the Class B C-I Cash Collateral Account, and payable, payable in each case, case to the Class B Certificateholders or the Class B TrusteeC-I Certificateholders, shall be promptly distributed to the Class B C-I Trustee, and (iv) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class C-II Liquidity Facilities and all amounts withdrawn by the Subordination Agent from the Class C-II Cash Collateral Account, and payable in each case to the Class C-II Certificateholders, shall be promptly distributed to the Class C-II Trustee.

Appears in 1 contract

Samples: Intercreditor Agreement (Continental Airlines Inc /De/)

Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class AA Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class AA Cash Collateral Account, and payable, in each American Airlines Aircraft EETC case, to the Class AA Certificateholders or the Class AA Trustee, shall be promptly distributed to American Airlines Aircraft EETC the Class AA Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A Cash Collateral Account, and payable, in each case, to the Class A Certificateholders or the Class A Trustee, shall be promptly distributed to the Class A Trustee, Trustee and (iii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class B Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class B Cash Collateral Account, and payable, in each case, to the Class B Certificateholders or the Class B Trustee, shall be promptly distributed to the Class B Trustee.

Appears in 1 contract

Samples: Intercreditor Agreement (American Airlines Inc)

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Application of Interest Drawings. Notwithstanding anything to the contrary contained in this Agreement, (i) all payments received by the Subordination Agent in American Airlines Aircraft EETC respect of an Interest Drawing under the Class AA Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class AA Cash Collateral Account, and payable, in each case, to the Class AA Certificateholders or the Class AA Trustee, shall be promptly distributed to American Airlines Aircraft EETC the Class AA Trustee, (ii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class A Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class A Cash Collateral Account, and payable, in each case, to the Class A Certificateholders or the Class A Trustee, shall be promptly distributed to the Class A Trustee, and (iii) all payments received by the Subordination Agent in respect of an Interest Drawing under the Class B Liquidity Facility and all amounts withdrawn by the Subordination Agent from the Class B Cash Collateral Account, and payable, in each case, to the Class B Certificateholders or the Class B Trustee, shall be promptly distributed to the Class B Trustee.

Appears in 1 contract

Samples: Intercreditor Agreement (American Airlines Inc)

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