Application of Rent When No Indenture Event of Default Is Continuing Sample Clauses

Application of Rent When No Indenture Event of Default Is Continuing. Except as otherwise provided in Section 3.02, 3.04, 3.05 or 3.06, each amount of Basic Rent or Advance (as defined in Section 3.8 of the Lease) received by the Indenture Trustee from the Owner Trustee or, as assignee of the Owner Trustee, from the Company, any payment of interest payable on any Interest Payment Date on overdue installments of Basic Rent, the amount received from the Owner Participant pursuant to Section 8(dd) of the Participation Agreement as the Deferred Equity Amount, together with any amount received by the Indenture Trustee pursuant to Section 8.03(e)(i), shall be distributed by the Indenture Trustee in the following order of priority: TRUST INDENTURE AND SECURITY AGREEMENT [N605SW] -19- 26 first, so much of such aggregate amount as shall be required to pay in full the interest, principal of, Premium, if any, Break Amount, if any, and any other amounts then due on, all Outstanding Certificates shall be distributed to the Persons entitled thereto; and in case such payments or amounts shall be insufficient to pay in full the whole amount so due and unpaid, then to the payment of such interest, principal, Premium, if any, Break Amount, if any, such other amounts payable to the Holders, and without any preference or priority of one Certificate over another, ratably according to the aggregate amount so due for interest, principal, Premium, if any, Break Amount, if any, and such other amounts at the date fixed by the Indenture Trustee for the distribution of such payments or amounts; second, so much of such aggregate amount remaining as shall be required to pay any amount due the Indenture Trustee pursuant to Section 9.06 shall be applied to pay the Indenture Trustee such amounts; and third, the balance, if any, of such aggregate amount remaining thereafter shall be distributed to the Owner Trustee to be held or distributed in accordance with the terms of the Lease, the Participation Agreement and the Trust Agreement; provided, however, that if an Indenture Default shall have occurred and be continuing, then such balance shall not be distributed as provided in this clause "third" but shall be held by the Indenture Trustee as part of the Indenture Estate until whichever of the following shall first occur: (i) all Indenture Events of Default shall have been cured, in which event such balance shall, to the extent not theretofore distributed as provided herein, be distributed as provided in this clause third", or (ii) Section 3.04 or Section 3.0...
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Application of Rent When No Indenture Event of Default Is Continuing. Except as otherwise provided in Section 3.02, 3.04, 3.05 or 3.06, each amount of Rent received by the Indenture Trustee from the Owner Trustee or the Company, together with any amount received by the Indenture Trustee pursuant to Section 8.03(e) shall be distributed by the Indenture Trustee in the following order of priority: first, so much of such aggregate amount as shall be required to pay in full the interest, principal of, premium (to the extent received by the Indenture Trustee from the Company as Supplemental Rent), if any, then due on, all Outstanding Certificates shall be distributed to the Persons entitled thereto; and in case such payments or amounts shall be insufficient to pay in full the whole amount so due and unpaid, then to the payment of such interest, principal and premium, if any, without any preference or priority of one Certificate over another, ratably according to the aggregate amount so due for interest, principal and premium, if any, at the date fixed by the Indenture Trustee for the distribution of such payments or amounts; Indenture-27 (1995 777 C) second, so much of such aggregate amount remaining as shall be required to pay any amount due the Indenture Trustee pursuant to Section 9.06, to the extent received by the Indenture Trustee from the Company as Supplemental Rent, shall be applied to pay the Indenture Trustee such amounts; and
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Related to Application of Rent When No Indenture Event of Default Is Continuing

  • Guarantee Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantee Event of Default actually known to a Responsible Officer of the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Securities, notices of all such Guarantee Events of Default, unless such defaults have been cured before the giving of such notice; provided, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Securities.

  • Event of Default Defined; Acceleration of Maturity; Waiver of Default Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Event of Default and Illegality If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

  • Additional Remedies of Trustee Upon Event of Default During the continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Trustee, in addition to the rights specified in Section 6.14, shall have the right, in its own name and as trustee of the Trust Fund, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders (including the institution and prosecution of all judicial, administrative and other proceedings and the filings of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.

  • Repayment on Event of Default When there is an Event of Default, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances. The demand may, at Bank’s option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, the Early Termination Fee, Collateral Handling Fee, attorneys’ and professional fees, court costs and expenses, and any other Obligations.

  • Event of Default Defined Acceleration of Maturity; Waiver of Default. "Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • Event of Default; Waiver The Holders of a Majority in Liquidation Amount of the Preferred Securities may, on behalf of the Holders, waive any past Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Guarantee Agreement, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent therefrom.

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

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