Basic Rent Distribution. Except as otherwise provided in Section 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: First, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G Secured Certificates shall be distributed to the Certificate Holders of Series G ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G Secured Certificate bears to the aggregate amount of the payments then due under all Series G Secured Certificates; and
Appears in 2 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Corp)
Basic Rent Distribution. Except as otherwise provided in Section 3.03 5.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 8.03(a) hereof shall be promptly distributed in the following order of priority: Firstfirst, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G Secured A Certificates shall be distributed to the Certificate Holders of Series G A Certificates ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G Secured A Certificate bears to the aggregate amount of the payments then due under all Series G Secured A Certificates; and;
Appears in 2 contracts
Samples: Trust Indenture and Security Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp)
Basic Rent Distribution. Except as otherwise provided in Section 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: First, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Secured Certificates shall be distributed to the Certificate Holders of Series G A ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Secured Certificate bears to the aggregate amount of the payments then due under all Series G A Secured Certificates; and;
Appears in 2 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Holdings Corp/Pred), Trust Indenture and Security Agreement (Northwest Airlines Holdings Corp/Pred)
Basic Rent Distribution. Except as otherwise provided in Section 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: First, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Secured Certificates shall be distributed to the Certificate Holders of Series G A ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Secured Certificate bears to the aggregate amount of the payments then due under all Series G A Secured Certificates; and;
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)
Basic Rent Distribution. Except as otherwise provided in Section 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: First, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G Secured Certificates shall be distributed to the Certificate Holders of Series G ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G Secured Certificate bears to the aggregate amount of the payments then due under all Series G Secured Certificates; and;
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)
Basic Rent Distribution. Except as otherwise provided in Section 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: First, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable lawLaw, on any overdue interest and any other overdue amounts) then due under all Series G G-2 Secured Certificates shall be distributed to the Certificate Holders of Series G G-2 ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under all Series G-2 Secured Certificates held by each Series G Secured Certificate Holder bears to the aggregate amount of the payments then due under all Series G G-2 Secured Certificates; and
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)
Basic Rent Distribution. Except as otherwise provided in Section 3.03 5.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent Rent, any payment received by the Indenture Trustee pursuant to Section 8.03(a) hereof and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof 17.02(b) (including any amount received by the Indenture Trustee pursuant to a draw on the Letter of Credit pursuant to such Section 17.02(b) and Section 5.10 hereof) or 17.02(c) of the Participation Agreement shall be promptly distributed by the Indenture Trustee no later than the time herein provided in the following order of priority: Firstfirst, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G Secured A Certificates shall be distributed to the Certificate Holders of Series G A Certificates ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G Secured A Certificate bears to the aggregate amount of the payments then due under all Series G Secured A Certificates; and;
Appears in 1 contract
Samples: Participation Agreement (Atlantic Coast Airlines Inc)
Basic Rent Distribution. Except as otherwise provided in ----------------------- Section 3.03 5.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 8.03(a) hereof shall be promptly distributed by the Indenture Trustee no later than the time herein provided in the following order of priority: Firstfirst, (i) so much of such installment or payment as shall be required ----- to pay in full the aggregate amount of the payment or payments of Principal Amount principal and interest and other amounts (as well as any interest on any overdue Principal Amount principal and, to the extent permitted by applicable law, on any overdue interest and any other overdue amountsinterest) then due under all Series G Secured Certificates A Equipment Notes shall be distributed to the Certificate Holders of Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G Secured Certificate A Equipment Note bears to the aggregate amount of the payments then due under all Series G Secured Certificates; andA Equipment Notes;
Appears in 1 contract
Basic Rent Distribution. Except as otherwise provided in ----------------------- Section 3.03 5.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 8.03(a) hereof shall be promptly distributed by the Indenture Trustee no later than the time herein provided in the following order of priority: Firstfirst, (i) so much of such installment or payment as shall be ----- required to pay in full the aggregate amount of the payment or payments of Principal Amount principal and interest and other amounts (as well as any interest on any overdue Principal Amount principal and, to the extent permitted by applicable law, on any overdue interest and any other overdue amountsinterest) then due under all Series G Secured Certificates A Equipment Notes shall be distributed to the Certificate Holders of Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G Secured Certificate A Equipment Note bears to the aggregate amount of the payments then due under all Series G Secured Certificates; andA Equipment Notes;
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Midway Airlines Corp)
Basic Rent Distribution. Except as otherwise provided in Section 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: FirstFIRST, (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A-1 Secured Certificates and Series A-2 Secured Certificates shall be distributed to the Certificate Holders of Series G A-1 and A-2 ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under all Series A-1 Secured Certificates and Series A-2 Secured Certificates held by each Series G Secured Certificate Holder bears to the aggregate amount of the payments then due under all Series G A-1 Secured Certificates and Series A-2 Secured Certificates; and;
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)