Common use of Notice of Indenture Defaults Clause in Contracts

Notice of Indenture Defaults. If the Trustee shall have knowledge of any Indenture Default or Indenture Event of Default hereunder, the Trustee shall promptly give notice thereof to the Company in accordance with Section 11.10 and to all Holders, as their names and addresses appear in the Equipment Note Register, unless such Indenture Default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Equipment Note, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Holders.