Common use of Commitments of Pass Through Trustee; Secured Note Clause in Contracts

Commitments of Pass Through Trustee; Secured Note. Subject to ------------------------------------------------- the terms and conditions of this Agreement, the Pass Through Trustee, as a Loan Participant, agrees to participate on the Closing Date in the payment of the Owner's Cost for the Vessel Interest by purchasing the Secured Note from the Owner Trust at a purchase price equal to a percentage of the aggregate principal amount payable at maturity of the Secured Note set forth in Schedule 2 and shall take and cause the Indenture Trustee to take, on the Closing Date, the respective actions specified in Section 2.9 to be taken by the Pass Through Trustee, as a Loan Participant, and the Indenture Trustee. The Secured Note shall be issued to the Pass Through Trustee, as a Loan Participant, under and in accordance with the terms of the Indenture.