Common use of Disbursement Request; Disbursements Clause in Contracts

Disbursement Request; Disbursements. (i) At least two Business Days prior to an Interest Payment Date, the Leasing Company and the Senior Note Trustee, until the Senior Note Discharge Date, and thereafter, the Convertible Note Trustee, shall submit to the Escrow Agent a completed Disbursement Request substantially in the form of Exhibit A hereto requesting funds from the Leasing Company Escrow Account in an amount equal to the interest owed on the Senior Notes under the Senior Note Indenture until the Senior Note Discharge Date, and thereafter, the Convertible Notes under the Convertible Note Indenture, for payment of such interest on such Interest Payment Date, unless the Company or the Leasing Company has disbursed and the Senior Note Trustee or the Convertible Note Trustee, as the case may be, has received funds from the Company or the Leasing Company in such amount on or before such date for such interest payment. Nevertheless, any funds or Eligible Cash Equivalents (or the proceeds or reinvestments thereof) previously designated in an Officer's Certificate delivered pursuant to Section 2(c) of this Agreement as representing funds or Eligible Cash Equivalents designated to satisfy the requirements of Section 11.4(m) of the Senior Note Indenture and Section 11.8(l) of the Convertible Note Indenture requiring the Company and/or the Leasing Companies to retain in the Company Senior Note Escrow Account and the Leasing Company Escrow Accounts the Senior Note Interest Payment Escrow Amount at all times after November 30, 1998 shall not be disbursed to the Leasing Company except as contemplated in such Section 11.4 and Section -9- 10 11.8. Provided that any such Disbursement Request is not rejected by it, the Escrow Agent, at least on (or if the Senior Note Trustee and the Escrow Agent are the same entity, two Business Days after) receipt of such Disbursement Request, shall disburse the funds requested in such Disbursement Request by wire or book-entry transfer of immediately available funds to the Senior Note Trustee, and shall promptly notify the Convertible Note Trustee of such disbursement. The Escrow Agent shall notify the Trustees as soon as reasonably possible if any such Disbursement Request is rejected and the reason(s) therefor.

Disbursement Request; Disbursements. (i) At least two Business Days prior to an Interest Payment Date, the Leasing Company and the Senior Note Trustee, until the Senior Note Discharge Date, and thereafter, the Convertible Note Trustee, shall submit to the Escrow Agent a completed Disbursement Request substantially in the form of Exhibit A hereto requesting funds from the Leasing Company Escrow Account in an amount equal to the interest owed on the Senior Notes under the Senior Note Indenture until the Senior Note Discharge Date, and thereafter, the Convertible Notes under the Convertible Note Indenture, for payment of such interest on such Interest Payment Date, unless the Company or the Leasing Company has disbursed and the Senior Note Trustee or the Convertible Note Trustee, as the case may be, has received funds from the Company or the Leasing Company in such amount on or before such date for such interest payment. Nevertheless, any funds or Eligible Cash Equivalents (or the proceeds or reinvestments thereof) previously designated in an Officer's Certificate delivered pursuant to Section 2(c) 4 of this Agreement as representing funds or Eligible Cash Equivalents designated to satisfy the requirements of Section 11.4(m) 11.4 of the Senior Note Indenture and Section 11.8(l) 11.8 of the Convertible Note Indenture requiring the Company and/or the Leasing Companies to retain in the Company Senior Note Escrow Account and the Leasing Company Escrow Accounts the Senior Note Interest Payment Escrow Amount at all times after November 30, 1998 shall not be disbursed to the Leasing Company except as contemplated in such Section 11.4 and Section -9- 10 11.8. Provided that any such Disbursement Request is not rejected by it, the Escrow Agent, at least on (or if the Senior Note Trustee and the Escrow Agent are the same entity, two Business Days after) receipt of such Disbursement Request, shall disburse the funds requested in such Disbursement Request by wire or book-entry transfer of immediately available funds to the Senior Note Trustee, and shall promptly notify the Convertible Note Trustee of such disbursement. The Escrow Agent shall notify the Trustees as soon as reasonably possible if any such Disbursement Request is rejected and the reason(s) therefor.such

Disbursement Request; Disbursements. (i) At least two Business Days prior to an Interest Payment Date, the Leasing Company and the Senior Note Trustee, until the Senior Note Discharge Date, and thereafter, the Convertible Note Trustee, Trustee shall submit to the Escrow Agent a completed Disbursement Request substantially in the form of Exhibit A hereto requesting funds from the Leasing Company Senior Note Escrow Account in an amount equal to the interest owed on the Senior Notes under the Senior Note Indenture until the Senior Note Discharge Date, and thereafter, the Convertible Notes under the Convertible Note Indenture, for payment of such interest on such Interest Payment Date, unless the Company or the Leasing Company has disbursed and the Senior Note Trustee or the Convertible Note Trustee, as the case may be, has received funds from the Company or the Leasing Company in such amount on or before such date for such interest payment. Nevertheless, any funds or Eligible Cash Equivalents (or the proceeds or reinvestments thereof) previously designated in an Officer's Certificate delivered pursuant to Section 2(c) of this Agreement as representing funds or Eligible Cash Equivalents designated to satisfy the requirements of Section 11.4(m) of the Senior Note Indenture and Section 11.8(l) of the Convertible Note Indenture requiring the Company and/or and the Leasing Companies to retain in the Company Senior Note Escrow Account and the Leasing Company Escrow Accounts the Senior Note Interest Payment Escrow Amount at all times after November 30, 1998 shall not be disbursed to the Company or any Leasing Company except as contemplated permitted in such Section 11.4 11.4(m) and Section -9- 10 11.811.8(l). Provided that any such Disbursement Request is not rejected by it, the Escrow Agent, at least on (or if the Senior Note Trustee and the Escrow Agent are the same entity, two Business Days after) receipt of such Disbursement Request, shall disburse the funds requested in such Disbursement Request by wire or book-entry transfer of immediately available funds to the Senior Note such Trustee, and shall promptly notify the Convertible Note Trustee of such disbursement. The Escrow Agent shall notify the Trustees Senior Note Trustee as soon as reasonably possible if any such Disbursement Request is rejected and the reason(s) therefor.