Common use of Basic Distributions Clause in Contracts

Basic Distributions. Except as otherwise provided in Section 3.03 hereof, each periodic payment of principal or interest on the Secured Certificates received by the Indenture Trustee shall be promptly distributed in the following order of priority:

Appears in 8 contracts

Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Northwest Airlines Corp)

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Basic Distributions. Except as otherwise provided in Section 3.03 3.02 hereof, each periodic payment of principal or interest on the Secured Certificates received by the Indenture Trustee shall be promptly distributed in the following order of priority:

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)

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Basic Distributions. Except as otherwise provided in Section Sections 3.02 and 3.03 hereof, each periodic payment of principal or interest on the Secured Certificates received by the Indenture Trustee shall be promptly distributed in the following order of priority:

Appears in 1 contract

Samples: Indenture and Security Agreement (Northwest Airlines Inc /Mn)

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