Common use of Downgrade Drawings Clause in Contracts

Downgrade Drawings. (i) With respect to each Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”), unless an event described in Section 3.5(c)(ii) occurs with respect to such Liquidity Facility.

Appears in 5 contracts

Samples: Intercreditor Agreement (Continental Airlines Inc /De/), Intercreditor Agreement (Us Airways Inc), Intercreditor Agreement (Continental Airlines Inc /De/)

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Downgrade Drawings. (i) With respect to each Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”), unless an event described in Section 3.5(c)(ii3.5(c)(ii)(A) or Section 3.5(c)(ii)(B) occurs with respect to such Liquidity FacilityFacility within the time periods specified for such events.

Appears in 3 contracts

Samples: Intercreditor Agreement (Hawaiian Holdings Inc), Intercreditor Agreement (Us Airways Inc), Intercreditor Agreement (Us Airways Inc)

Downgrade Drawings. (i) With respect to each Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”), unless an event described in Section 3.5(c)(ii) occurs with respect to such Liquidity Facility.

Appears in 2 contracts

Samples: Intercreditor Agreement (Northwest Airlines Corp), Intercreditor Agreement (United Air Lines Inc)

Downgrade Drawings. (i) With respect to each Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii3.6(c)(iii), if at any time time, a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”"DOWNGRADED FACILITY"), unless an event described in Section 3.5(c)(ii3.6(c)(ii) occurs with respect to such Liquidity Facility.

Appears in 2 contracts

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

Downgrade Drawings. (i) With respect to each Primary Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii3.6(c)(iii), if at any time time, a Downgrade Event shall have occurred with respect to such Primary Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”"DOWNGRADED FACILITY"), unless an event described in Section 3.5(c)(ii3.6(c)(ii) occurs with respect to such Primary Liquidity Facility.

Appears in 1 contract

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

Downgrade Drawings. (i) With respect to each Liquidity Facility, The Subordination Agent shall request a Downgrade Drawing shall be requested by the Subordination Agent thereunder under a Primary Liquidity Facility as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Primary Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “"Downgraded Facility"), unless an event described in Section 3.5(c)(ii) occurs with respect to such Primary Liquidity Facility.

Appears in 1 contract

Samples: Intercreditor Agreement (Jetblue Airways Corp)

Downgrade Drawings. (i) With respect to each Liquidity Facility, a A Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such the Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”), unless an event described in Section 3.5(c)(ii) occurs with respect to such the Liquidity Facility.

Appears in 1 contract

Samples: Intercreditor Agreement (United Air Lines Inc)

Downgrade Drawings. (i) With respect to each Liquidity Facility, The Subordination Agent shall request a Downgrade Drawing shall be requested by under the Subordination Agent thereunder Primary Liquidity Facility as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such the Primary Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “"Downgraded Facility"), unless an event described in Section 3.5(c)(ii) occurs with respect to such the Primary Liquidity Facility.

Appears in 1 contract

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

Downgrade Drawings. (i) With respect to each Liquidity Facility, a A Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Liquidity Facility (such the Liquidity Facility following a Downgrade Event being referred to as a "Downgraded Facility"), unless an event described in Section 3.5(c)(ii) occurs with respect to such the Liquidity Facility.

Appears in 1 contract

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

Downgrade Drawings. (i) With respect to each the Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”), unless an event described the Liquidity Provider or Southwest arranges for a Replacement Liquidity Provider as provided in Section 3.5(c)(ii) occurs with respect to such the Liquidity Facility.

Appears in 1 contract

Samples: Intercreditor Agreement (Southwest Airlines Co)

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Downgrade Drawings. (i) With respect to each the Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii3.6(c)(iii), if at any time time, a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”), unless an event described in Section 3.5(c)(ii) occurs with respect to such Liquidity Facility.such

Appears in 1 contract

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

Downgrade Drawings. (i) With respect to each Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”), unless an event described in Section 3.5(c)(ii) occurs with respect to such Liquidity Facility.a

Appears in 1 contract

Samples: Intercreditor Agreement (Us Airways Inc)

Downgrade Drawings. (i) With respect to each Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”), unless an event described in Section 3.5(c)(ii3.5(c)(ii)(A) or Section 3.5(c)(ii)(B) occurs with respect to such Liquidity Facility.

Appears in 1 contract

Samples: Intercreditor Agreement (Us Airways Inc)

Downgrade Drawings. (i) With respect to each Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii), if at any time a Downgrade Event shall have occurred with respect to such Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “"Downgraded Facility"), unless an event described in Section 3.5(c)(ii) occurs with respect to such Liquidity Facility.

Appears in 1 contract

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

Downgrade Drawings. (i) With respect to each the Liquidity Facility, a Downgrade Drawing shall be requested by the Subordination Agent thereunder as provided in Section 3.5(c)(iii3.6(c)(iii), if at any time time, a Downgrade Event shall have occurred with respect to such the Liquidity Facility (such Liquidity Facility following a Downgrade Event being referred to as a “Downgraded Facility”"DOWNGRADED FACILITY"), unless an event described in Section 3.5(c)(ii3.6(c)(ii) occurs with respect to such the Liquidity Facility.

Appears in 1 contract

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

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