Mandatory Redemptions of Secured Certificates. On the date on which the Owner is required pursuant to Section 7.06(a)(i) hereof to make payment for an Event of Loss with respect to the Aircraft, all of the Secured Certificates shall be redeemed in whole at a redemption price equal to 100% of the unpaid Principal Amount thereof, together with all accrued interest thereon to the date of redemption and all other amounts payable hereunder or under the Participation Agreement to the Certificate Holders but without Make-Whole Amount.
Appears in 7 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)
Mandatory Redemptions of Secured Certificates. On the date on which the Owner is required pursuant to Section 7.06(a)(i) hereof to make payment for an Event of Loss with respect to the Aircraft, all of the Secured Certificates shall be redeemed in whole at a redemption price equal to 100% of the unpaid Principal Amount thereof, together with all accrued interest thereon to the date of redemption and all other amounts Secured Obligations owed or then due and payable hereunder or under the Participation Agreement to the Certificate Holders but without Make-Whole Amount.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)
