Application of Payments Under Guarantee. All payments received by the Indenture Trustee pursuant to the Guarantee shall be distributed forthwith by the Indenture Trustee in the same order of priority, and in the same manner, as it would have distributed the payment in respect of which such payment under the Guarantee was received.
Appears in 22 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)
Application of Payments Under Guarantee. All payments received by the Indenture Trustee pursuant to the Guarantee shall be distributed forthwith by the Indenture Trustee in the same order of priority, and in the same manner, as it would have distributed the payment in respect of which such payment under the Guarantee was received.
ARTICLE IV COVENANTS OF THE OWNER TRUSTEE; EVENTS OF
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Holdings Corp/Pred)
Application of Payments Under Guarantee. All payments received by the Indenture Loan Trustee pursuant to the Guarantee shall be distributed forthwith by the Indenture Loan Trustee in the same order of priority, and in the same manner, as it would have distributed the payment in respect of which such payment under the Guarantee was received.
Appears in 1 contract
