INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 1 shall constitute, subject to satisfaction or waiver of the conditions set forth in Section 4(a), without further act, authorization and direction by the Owner Participant to the Owner Trustee: (i) to pay to Lessee Lessor's Cost for the Aircraft; (ii) to the extent not previously accomplished by a prior authorization, to authorize a representative or representatives of the Owner Trustee (who shall be an employee or employees, or an agent or agents, of Lessee designated by Lessee) to accept delivery of the Aircraft on the Delivery Date pursuant to the Acceptance Certificate; (iii) to accept from Lessee the Xxxx of Sale and the FAA Xxxx of Sale for the Aircraft referred to in Section 4(a)(v)(8) and 4(a)(v)(9); (iv) to execute an Aircraft Registration Application, the Lease Supplement and the Trust Supplement, in each case covering the Aircraft; (v) to borrow from the Pass Through Trustee to finance a portion of the Lessor's Cost for the Aircraft and to execute and deliver to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts a principal amount of Secured Certificates bearing the interest rate set forth opposite the name of such Pass Through Trust on Schedule II hereto, which Secured Certificates shall be in the principal amounts set forth on Schedule II hereto, pursuant hereto and to the Trust Indenture; and (vi) to take such other action as may be required to be taken by the Owner Trustee on the Delivery Date by the terms of any Operative Document.
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Samples: Participation Agreement (Northwest Airlines Holdings Corp/Pred), Participation Agreement (Northwest Airlines Holdings Corp/Pred)
INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 1 shall constitute, subject to satisfaction or waiver of the conditions set forth in Section 4(a), without further act, authorization and direction by the Owner Participant to the Owner Trustee:
(i) to pay to Lessee Lessor's Cost for the Aircraft;
(ii) to the extent not previously accomplished by a prior authorization, to authorize a representative or representatives of the Owner Trustee (who shall be an employee or employees, or an agent or agents, of Lessee designated by Lessee) to accept delivery of the Aircraft on the Delivery Date pursuant to the Acceptance Certificate;
(iii) to accept from Lessee the Xxxx of Sale and the FAA Xxxx of Sale for the Aircraft referred to in Section 4(a)(v)(8) and 4(a)(v)(9);
(iv) to execute an Aircraft Registration Application, the Lease Supplement and the Trust Supplement, in each case covering the Aircraft;
(v) to borrow from the Pass Through Trustee to finance a portion of the Lessor's Cost for the Aircraft and to execute and deliver to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts a principal amount of Secured Certificates bearing the interest rate set forth opposite the name of such Pass Through Trust on Schedule II hereto, which Secured Certificates shall be in the principal amounts set forth on Schedule II hereto, hereto pursuant hereto and to the Trust Indenture; and
(vi) to take such other action as may be required to be taken by the Owner Trustee on the Delivery Date by the terms of any Operative Document.
Appears in 1 contract
Samples: Participation Agreement (Northwest Airlines Inc /Mn)
INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 1 shall constitute, subject to satisfaction or waiver of the conditions set forth in Section 4(a), without further act, authorization and direction by the Owner Participant to the Owner Trustee:
(i) to pay to Lessee Lessor's Cost for the Aircraft;
(ii) to the extent not previously accomplished by a prior authorization, to authorize a representative or representatives of the Owner Trustee (who shall be an employee or employees, or an agent or agents, of Lessee designated by Lessee) to accept delivery of the Aircraft on the Delivery Date pursuant to the Acceptance Certificate;
(iii) to accept from Lessee the Xxxx Bill of Sale and the FAA Xxxx Bill of Sale for the Aircraft referred refexxxx to in Section 4(a)(v)(84(a)(v)(0) and 4(a)(v)(9);
(iv) to execute an Aircraft Registration Application, the Lease Supplement and the Trust Supplement, in each case covering the Aircraft;
(v) to borrow from the Pass Through Trustee to finance a portion of the Lessor's Cost for the Aircraft and to execute and deliver to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts a principal amount of Secured Certificates bearing the interest rate set forth opposite the name of such Pass Through Trust on Schedule II hereto, which Secured Certificates shall be in the principal amounts set forth on Schedule II hereto, pursuant hereto and to the Trust Indenture; and
(vi) to take such other action as may be required to be taken by the Owner Trustee on the Delivery Date by the terms of any Operative Document.
Appears in 1 contract
Samples: Participation Agreement (Northwest Airlines Inc /Mn)
INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 1 shall constitute, subject to satisfaction or waiver of the conditions set forth in Section 4(a), without further act, authorization and direction by the Owner Participant to the Owner Trustee:
(i) to pay to Lessee Lessor's Cost for the Aircraft;
(ii) to the extent not previously accomplished by a prior authorization, to authorize a representative or representatives of the Owner Trustee (who shall be an employee or employees, or an agent or agents, of Lessee designated by Lessee) to accept delivery of the Aircraft on the Delivery Date pursuant to the Acceptance Certificate;
(iii) to accept from Lessee the Xxxx of Sale and the FAA Xxxx of Sale for the Aircraft referred to in Section 4(a)(v)(8) and 4(a)(v)(9);
(iv) to execute an Aircraft Registration Application, the Lease Supplement and the Trust Supplement, in each case covering the Aircraft;
(v) to borrow from the Pass Through Trustee to finance a portion of the Lessor's Cost for the Aircraft and to execute and deliver to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts a principal amount of Secured Certificates bearing the interest rate set forth opposite the name of such Pass Through Trust on Schedule II hereto, which Secured Certificates shall be in the principal amounts set forth on Schedule II hereto, pursuant hereto and to the Trust Indenture; and
(vi) to take such other action as may be required to be taken by the Owner Trustee on the Delivery Date by the terms of any Operative Document.
Appears in 1 contract
INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 1 shall constitute, subject to satisfaction or waiver of the conditions set forth in Section 4(a), without further act, authorization and direction by the Owner Participant to the Owner Trustee:
(i) to pay to Lessee the Lessor's Cost for the Aircraft;
(ii) to the extent not previously accomplished by a prior authorization, to authorize a representative or representatives of the Owner Trustee (who shall be an employee or employees, or an agent or agents, of Lessee designated by Lessee) to accept delivery of the Aircraft on the Delivery Date pursuant to the Acceptance Certificate;
(iii) to accept from Lessee the Xxxx of Sale and the FAA Xxxx of Sale for the Aircraft referred to in Section 4(a)(v)(8) and 4(a)(v)(9);
(iv) to execute an Aircraft Registration Application, the Lease Supplement and the Trust Supplement, in each case covering the Aircraft;
(v) to borrow from the Pass Through Trustee to finance a portion of the Lessor's Cost for the Aircraft and to execute and deliver to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts a principal amount of Secured Certificates bearing the interest rate set forth opposite the name of such Pass Through Trust on Schedule II hereto, which Secured Certificates shall be in the principal amounts set forth on Schedule II hereto, pursuant hereto and to the Trust Indenture; and
(vi) to take such other action as may be required to be taken by the Owner Trustee on the Delivery Date by the terms of any Operative Document.
Appears in 1 contract
INSTRUCTIONS TO THE OWNER TRUSTEE. The Owner Participant agrees that its releasing the amount of its Commitment for the Aircraft to the account of the Owner Trustee in accordance with the terms of Section 1 shall constitute, subject to satisfaction or waiver of the conditions set forth in Section 4(a), without further act, authorization and direction by the Owner Participant to the Owner Trustee:
(i) to pay to Lessee Lessor's Cost for the Aircraft;
(ii) to the extent not previously accomplished by a prior authorization, to authorize a representative or representatives of the Owner Trustee (who shall be an employee or employees, or an agent or agents, of Lessee designated by Lessee) to accept delivery of the Aircraft on the Delivery Date pursuant to the Acceptance Certificate;
(iii) to accept from Lessee the Xxxx Bxxx of Sale and the FAA Xxxx Bxxx of Sale for the Aircraft referred to in Section 4(a)(v)(8) and 4(a)(v)(9);
(iv) to execute an Aircraft Registration Application, the Lease Supplement and the Trust Supplement, in each case covering the Aircraft;
(v) to borrow from the Pass Through Trustee to finance a portion of the Lessor's Cost for the Aircraft and to execute and deliver to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts a principal amount of Secured Certificates bearing the interest rate set forth opposite the name of such Pass Through Trust on Schedule II hereto, which Secured Certificates shall be in the principal amounts set forth on Schedule II hereto, pursuant hereto and to the Trust Indenture; and
(vi) to take such other action as may be required to be taken by the Owner Trustee on the Delivery Date by the terms of any Operative Document.
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