Common use of Distribution from Certificate Account and Special Payments Account Clause in Contracts

Distribution from Certificate Account and Special Payments Account. (a) On each Regular Distribution Date or as soon thereafter as the Pass Through Trustee has confirmed receipt of the payment of the Scheduled Payments due with respect to the Equipment Notes or ETCs on such date, the Pass Through Trustee shall distribute to the Certificateholders of the Pass Through Trust out of the Certificate Account the entire amount deposited therein pursuant to Section 4.1(a). There shall be so distributed to each Certificateholder of record on the Record Date with respect to such Regular Distribution Date (other than as provided in Section 11.1 concerning the final distribution) by check mailed to such Certificateholder at the address appearing in the Register, such Certificateholder's pro rata share (based on the aggregate Fractional Undivided Interest held by such Certificateholder) of the aggregate amount in the Certificate Account; provided, however, that prior to the time that any Certificates are issued in the form of Registered Certificates, each Certificateholder may request in writing that such amounts be distributed by wire transfer of immediately available funds to an account specified by such Certificateholder. If a Scheduled Payment is not received by the Pass Through Trustee on a Regular Distribution Date but is received on a later date, it shall be distributed on the date received in the manner described in the preceding sentence to the Certificateholders of record on the Record Date with respect to such Regular Distribution Date.

Distribution from Certificate Account and Special Payments Account. (a) On each Regular Distribution Date or as soon thereafter as the Pass Through Trustee has confirmed receipt of the payment of the Scheduled Payments due with respect to the Equipment Notes [or ETCs ETCs] on such date, the Pass Through Trustee shall distribute to the Certificateholders of the Pass Through Trust out of the Certificate Account the entire amount deposited therein pursuant to Section 4.1(a). There shall be so distributed to each Certificateholder of record on the Record Date with respect to such Regular Distribution Date (other than as provided in Section 11.1 concerning the final distribution) by check mailed to such Certificateholder at the address appearing in the Register, such Certificateholder's pro rata share (based on the aggregate Fractional Undivided Interest held by such Certificateholder) of the aggregate amount in the Certificate Account; provided, however, that prior to the time that any Certificates are issued in the form of Registered Certificates, each Certificateholder may request in writing that such amounts be distributed by wire transfer of immediately available funds to an account specified by such Certificateholder. If a Scheduled Payment is not received by the Pass Through Trustee on a Regular Distribution Date but is received on a later date, it shall be distributed on the date received in the manner described in the preceding sentence to the Certificateholders of record on the Record Date with respect to such Regular Distribution Date.

Distribution from Certificate Account and Special Payments Account. (a) On each Regular Distribution Date or as soon thereafter as the Pass Through Trustee has confirmed receipt of the payment of the Scheduled Payments due with respect to the Equipment Notes or ETCs on such date, the Pass Through Trustee shall distribute to the Certificateholders of the Pass Through Trust out of the Certificate Account the entire amount deposited therein pursuant to Section 4.1(a). There shall be so distributed to each Certificateholder of record on the Record Date with respect to such Regular Distribution Date (other than as provided in Section 11.1 concerning the final distribution) by check mailed to such Certificateholder at the address appearing in the Register, such Certificateholder's pro rata share (based on the aggregate Fractional Undivided Interest held by such Certificateholder) of the aggregate amount in the Certificate Account; provided, however, that prior to the time that any Certificates are issued in the form of Registered Certificates, each Certificateholder may request in writing that such amounts be distributed by wire transfer of immediately available funds to an account specified by such Certificateholder. If a Scheduled Payment is not received by the Pass Through Trustee on a Regular Distribution Date but is received on a later date, it shall be distributed on the date received in the manner described in the preceding sentence to the Certificateholders of record on the Record Date with respect to such Regular Distribution Date.