Common use of Equipment Notes Payable on Redemption Date Clause in Contracts

Equipment Notes Payable on Redemption Date. After notice has been given under Section 3.13(d) hereof as to the Redemption Date in respect of any Optional Redemption, the Outstanding Principal Balance of the Equipment Notes to be redeemed on such Redemption Date in the amount identified in such notice shall become due and payable on the Redemption Date at the Redemption Price (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office of the Indenture Trustee, and from and after such Redemption Date (unless there shall be a default in the payment of the applicable amount to be redeemed) such principal amount shall cease to bear interest. Upon surrender of any Equipment Note for redemption in accordance with such notice, the Redemption Price of such Equipment Note shall be paid as provided for in Section 3.11(d). If any Equipment Note to be redeemed shall not be so paid, or shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance thereof shall continue to bear interest from the Redemption Date until paid at the interest rate applicable to such Equipment Note.

Appears in 4 contracts

Samples: Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc), Lease Agreement (Trinity Industries Inc)

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Equipment Notes Payable on Redemption Date. After notice has been given under Section 3.13(d) hereof as to the Redemption Date in respect of any Optional Redemption, the Outstanding Principal Balance of the Equipment Notes to be redeemed on such Redemption Date in the amount identified in such notice shall become due and payable on the Redemption Date at the Redemption Price (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office of the Indenture Trustee, and from and after such Redemption Date (unless there shall be a default in the payment of the applicable amount to be redeemed) such principal amount shall cease to bear interest. Upon surrender of any Equipment Note for redemption Redemption in accordance with such notice, the Redemption Price of such Equipment Note shall be paid as provided for in Section 3.11(d). If any Equipment Note to be redeemed shall not be so paid, or shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance thereof shall continue to bear interest from the Redemption Date until paid at the interest rate applicable to such Equipment Note.

Appears in 2 contracts

Samples: Indenture (Trinity Industries Inc), Indenture (Trinity Industries Inc)

Equipment Notes Payable on Redemption Date. After notice has been given under Section 3.13(d) hereof as to the Redemption Date in respect of any Optional Redemption, the Outstanding Principal Balance of the Equipment Notes to be redeemed on such Redemption Date in the amount identified in such notice shall become due and payable on the Redemption Date at the Redemption Price (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office of the Indenture Trustee, and from and after such Redemption Date (unless there shall be a default in the payment of the applicable amount to be redeemed) such principal amount shall cease to bear interest. Upon surrender of any Equipment Note for redemption in accordance with such notice, the Redemption Price of such Equipment Note shall be paid as provided for in Section 3.11(d). If any Equipment Note to be redeemed shall not be so paid, or shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance thereof shall continue to bear interest from the Redemption Date until paid at the interest rate applicable to such Equipment Note.

Appears in 2 contracts

Samples: Indenture (Trinity Industries Inc), Indenture (Trinity Industries Inc)

Equipment Notes Payable on Redemption Date. After notice has Notice of redemption or purchase having been given under as aforesaid (and not deemed revoked as contemplated in the proviso to Section 3.13(d) hereof as to the Redemption Date in respect of any Optional Redemption6.03), the Outstanding Principal Balance of the Equipment Notes to be redeemed shall, on such the applicable Redemption Date in the amount identified in such notice shall Date, become due and payable on the Redemption Date at the Redemption Price (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office Department of the Indenture TrusteeTrustee or at any office or agency maintained for such purposes pursuant to Section 2.03, and from and after such Redemption Date (unless there shall be a default in the payment deposit of the applicable amount Redemption Price pursuant to be redeemedSection 6.04) such principal amount any Equipment Notes then outstanding shall cease to bear interestinterest or be deemed to be outstanding for any other purpose. Upon surrender of any such Equipment Note for redemption or purchase in accordance with such notice, the Redemption Price of said notice such Equipment Note shall be paid as provided for in Section 3.11(d)at the Redemption Price. If any Equipment Note to be redeemed called for redemption or purchase shall not be so paid upon surrender thereof for redemption or purchase, the principal amount thereof shall, until paid, or shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance thereof shall continue to bear interest from the applicable Redemption Date until paid at the interest rate applicable to such Equipment Note.

Appears in 2 contracts

Samples: Trust Indenture and Security Agreement (United Air Lines Inc), Trust Indenture and Security Agreement (United Air Lines Inc)

Equipment Notes Payable on Redemption Date. After notice has Notice of redemption or purchase having been given under Section 3.13(d) hereof as to the Redemption Date in respect of any Optional Redemptionaforesaid, the Outstanding Principal Balance of the Equipment Notes to be redeemed shall, on such the applicable Redemption Date in the amount identified in such notice shall Date, become due and payable on the Redemption Date at the Redemption Price (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office Department of the Indenture TrusteeTrustee or at any office or agency maintained for such purposes pursuant to Section 2.03, and from and after such Redemption Date (unless there shall be a default in the payment deposit of the applicable amount Redemption Price, accrued interest or Make-Whole Amount, if any, pursuant to be redeemedSection 6.03) such principal amount any Equipment Notes then outstanding shall cease to bear interestinterest or be deemed to be outstanding for any purpose. Upon surrender of any such Equipment Note for redemption in accordance with such notice, the Redemption Price of said notice such Equipment Note shall be paid as provided for in Section 3.11(dat the Redemption Price. [Trust Indenture and Mortgage (2000-2 747-1). ] If any Equipment Note to be redeemed called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, or shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance thereof shall continue to bear interest from the applicable Redemption Date until paid at the interest rate applicable to such Equipment Note.

Appears in 1 contract

Samples: United Air Lines Inc

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Equipment Notes Payable on Redemption Date. After notice has been given under Section 3.13(d) hereof as to the Redemption Date in respect of any Optional 42 Redemption, the Outstanding Principal Balance of the Equipment Notes to be redeemed on such Redemption Date in the amount identified in such notice shall become due and payable on the Redemption Date at the Redemption Price (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office of the Indenture Trustee, and from and after such Redemption Date (unless there shall be a default in the payment of the applicable amount to be redeemed) such principal amount shall cease to bear interest. Upon surrender of any Equipment Note for redemption in accordance with such notice, the Redemption Price of such Equipment Note shall be paid as provided for in Section 3.11(d). If any Equipment Note to be redeemed shall not be so paid, or shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance thereof shall continue to bear interest from the Redemption Date until paid at the interest rate applicable to such Equipment Note.

Appears in 1 contract

Samples: Master Indenture (Trinity Industries Inc)

Equipment Notes Payable on Redemption Date. After notice has Notice of ------------------------------------------ redemption or purchase having been given under Section 3.13(d) hereof as to the Redemption Date in respect of any Optional Redemptionaforesaid, the Outstanding Principal Balance of the Equipment Notes to be redeemed shall, on such the applicable Redemption Date in the amount identified in such notice shall Date, become due and payable on the Redemption Date at the Redemption Price (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office Department of the Indenture TrusteeTrustee or at any office or agency maintained for such purposes pursuant to Section 2.03, and from and after such Redemption Date (unless there shall be a default in the payment deposit of the applicable amount Redemption Price, accrued interest or Make-Whole Amount, if any, pursuant to be redeemedSection 6.03) such principal amount any Equipment Notes then outstanding shall cease to bear interestinterest or be deemed to be outstanding for any purpose. Upon surrender of any such Equipment Note for redemption in accordance with such notice, the Redemption Price of said notice such Equipment Note shall be paid as provided for in Section 3.11(dat the Redemption Price. [Trust Indenture and Mortgage ([_________]). ] If any Equipment Note to be redeemed called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, or shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance thereof shall continue to bear interest from the applicable Redemption Date until paid at the interest rate applicable to such Equipment Note.

Appears in 1 contract

Samples: Trust Indenture and Mortgage (United Air Lines Inc)

Equipment Notes Payable on Redemption Date. After notice has Notice of ------------------------------------------ redemption or purchase having been given under Section 3.13(d) hereof as to the Redemption Date in respect of any Optional Redemptionaforesaid, the Outstanding Principal Balance of the Equipment Notes to be redeemed shall, on such the applicable Redemption Date in the amount identified in such notice shall Date, become due and payable on the Redemption Date at the Redemption Price (net of any portion thereof payable to the applicable Hedge Provider) at the Corporate Trust Office Department of the Indenture TrusteeTrustee or at any office or agency maintained for such purposes pursuant to Section 2.03, and from and after such Redemption Date (unless there shall be a default in the payment deposit of the applicable amount Redemption Price, accrued interest or Make-Whole Amount, if any, pursuant to be redeemedSection 6.03) such principal amount any Equipment Notes then outstanding shall cease to bear interestinterest or be deemed to be outstanding for any purpose. Upon surrender of any such Equipment Note for redemption in accordance with such notice, the Redemption Price of said notice such Equipment Note shall be paid as provided for in Section 3.11(dat the Redemption Price. [Trust Indenture and Mortgage (2001-1 747-1). ] If any Equipment Note to be redeemed called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, or shall only be paid in part in accordance with the terms of such notice, the remaining Outstanding Principal Balance thereof shall continue to bear interest from the applicable Redemption Date until paid at the interest rate applicable to such Equipment Note.

Appears in 1 contract

Samples: Trust Indenture and Mortgage (United Air Lines Inc)

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