Common use of Exercise of Remedies by Foreign Note Holders Clause in Contracts

Exercise of Remedies by Foreign Note Holders. If the Indenture Trustee shall exercise remedies pursuant to this Article IV, at a time when (i) the Aircraft is registered with the Federal Aviation Administration, (ii) 25% or more of the then unpaid Principal Amount of the Equipment Notes is held by one or more Persons which are not a "citizen of the United States" within the meaning of Section 40102(a)(15) of the Federal Aviation Act and (iii) remedies are to be exercised pursuant to this Article IV as a result of the occurrence of an Indenture Event of Default which is not a Lease Event of Default, the Indenture Trustee shall make arrangements, if any, as may be required by law so that such exercise of remedies shall not result in the ineligibility of the Aircraft to be registered under the Federal Aviation Act.

Exercise of Remedies by Foreign Note Holders. If the Indenture Trustee shall exercise remedies pursuant to this Article IV, at a time when (i) the Aircraft is registered with the Federal Aviation Administration, (ii) 25% or more of the then unpaid Principal Amount of the Equipment Notes Trust Indenture 71 - 66 - is held by one or more Persons which are not a "citizen of the United States" within the meaning of Section 40102(a)(15) of the Federal Aviation Act and (iii) remedies are to be exercised pursuant to this Article IV as a result of the occurrence of an Indenture Event of Default which is not a Lease Event of Default, the Indenture Trustee shall make arrangements, if any, as may be required by law so that such exercise of remedies shall not result in the ineligibility of the Aircraft to be registered under the Federal Aviation Act.

Exercise of Remedies by Foreign Note Holders. If the Indenture Trustee shall exercise remedies pursuant to this Article IV, at a time when (i) the Aircraft is registered with the Federal Aviation Administration, (ii) 25% or more of the then unpaid Principal Amount of the Equipment Notes Trust Indenture is held by one or more Persons which are not a "citizen of the United States" within the meaning of Section 40102(a)(15) of the Federal Aviation Act and (iii) remedies are to be exercised pursuant to this Article IV as a result of the occurrence of an Indenture Event of Default which is not a Lease Event of Default, the Indenture Trustee shall make arrangements, if any, as may be required by law so that such exercise of remedies shall not result in the ineligibility of the Aircraft to be registered under the Federal Aviation Act.

Exercise of Remedies by Foreign Note Holders. If the Indenture Trustee shall exercise remedies pursuant to this Article IV, at a time when (i) the Aircraft is registered with the Federal Aviation Administration, (ii) 25% or Trust Indenture more of the then unpaid Principal Amount of the Equipment Notes is held by one or more Persons which are not a "citizen of the United States" within the meaning of Section 40102(a)(15) of the Federal Aviation Act and (iii) remedies are to be exercised pursuant to this Article IV as a result of the occurrence of an Indenture Event of Default which is not a Lease Event of Default, the Indenture Trustee shall make arrangements, if any, as may be required by law so that such exercise of remedies shall not result in the ineligibility of the Aircraft to be registered under the Federal Aviation Act.

Exercise of Remedies by Foreign Note Holders. If the Indenture Trustee shall exercise remedies pursuant to this Article IV, at a time when (i) the Aircraft is registered with the Federal Aviation Administration, (ii) 25% or more of the then unpaid Principal Amount of the Equipment Notes is held by one or more Persons which are not a "citizen of the United States" within the meaning of Section 40102(a)(15) of the Federal Aviation Act and (iii) remedies are to be exercised pursuant to this Article IV as a result of the occurrence of an Indenture Event of Default which is not a Lease Event of Default, the Indenture Trustee shall make arrangements, if any, as may be required by law so that such exercise of remedies shall not result in the ineligibility of the Aircraft to be registered under the Federal Aviation Act.be