Common use of Issuance and Terms of Equipment Notes Clause in Contracts

Issuance and Terms of Equipment Notes. The Equipment Notes shall be dated the date of issuance thereof, shall be issued in four separate series consisting of Series A, Series B, Series C and Series D and in the maturities and principal amounts and shall bear interest as specified in Schedule I hereto. On the date thereof, each Equipment Note shall be issued to the Subordination Agent on behalf of a Pass Through Trustee under the Pass Through Trust Agreement. The Equipment Notes shall be issued in registered form only. The Equipment Notes shall be issued in denominations of $1,000 and integral multiples thereof, except that one Equipment Note of each Series may be in an amount that is not an integral multiple of $1,000. Each Equipment Note shall bear interest at the Debt Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on the unpaid Original Amount thereof from time to time outstanding, payable in arrears on December 30, 1997, and on each June 30 and December 30 thereafter until maturity. The Original Amount of each Equipment Note shall be payable on the dates and in the installments equal to the

Appears in 1 contract

Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)

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Issuance and Terms of Equipment Notes. The Equipment Notes shall be dated the date of issuance thereof, shall be issued in four three separate series consisting of Series A, Series B, B and Series C and Series D and in the maturities and principal amounts and shall bear interest as specified in Schedule I hereto. On the date thereofof the consummation of the Transaction, each Equipment Note shall be issued to the Subordination Agent on behalf of a the Pass Through Trustee Trustees under the Pass Through Trust AgreementAgreements. The Equipment Notes shall be issued in registered form only. The Equipment Notes shall be issued in denominations of $1,000 and integral multiples thereof, except that one Equipment Note of each Series may be in an amount that is not an integral multiple of $1,000. Each Equipment Note shall bear interest at the Debt Rate (calculated on the basis of a year of 360 days comprised of twelve 30-day months) on the unpaid Original Amount thereof from time to time outstanding, payable in arrears on December 30_____________, 1997199_, and on each June 30 April 1 and December 30 October 1 thereafter until maturity. The Original Amount of each Equipment Note shall be payable on the dates and in the installments equal to theNote

Appears in 1 contract

Samples: Note Purchase Agreement (Continental Airlines Inc /De/)

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