Common use of CONDITIONS PRECEDENT TO OBLIGATIONS OF OWNER TRUSTEE Clause in Contracts

CONDITIONS PRECEDENT TO OBLIGATIONS OF OWNER TRUSTEE. The obligation of Owner Trustee to direct the Participants to apply the Commitments to pay Lessor's Cost on the Delivery Date is subject to satisfaction or waiver by Owner Trustee, on or prior to the Delivery Date, of the conditions precedent set forth below in this Section 5.2.

Appears in 10 contracts

Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/)

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CONDITIONS PRECEDENT TO OBLIGATIONS OF OWNER TRUSTEE. The obligation of Owner Trustee to direct the Participants to apply the Commitments of the Participants to pay Lessor's Cost on the Delivery Closing Date is subject to satisfaction or waiver by Owner Trustee, on at or prior to the Delivery DateClosing, of the conditions precedent set forth below in this Section 5.2.

Appears in 3 contracts

Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/)

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CONDITIONS PRECEDENT TO OBLIGATIONS OF OWNER TRUSTEE. The obligation of Owner Trustee to direct the Participants to apply the Commitments to pay Lessor's Cost on the Delivery Closing Date is subject to satisfaction or waiver by Owner Trustee, on at or prior to the Delivery DateClosing, of the conditions precedent set forth below in this Section 5.2.

Appears in 1 contract

Samples: Participation Agreement (Continental Airlines Inc /De/)

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