of the Intercreditor Agreement. The Borrower agrees to pay to the Liquidity Provider, on each Regular Distribution Date, commencing on the first Regular Distribution Date after the making of a Downgrade Advance, interest on the principal amount of any such Downgrade Advance as provided in Section 3.7. Immediately upon the withdrawal of any amounts from the Class B Cash Collateral Account on account of a reduction in the Required Amount, the Borrower shall repay the Downgrade Advance in a principal amount equal to the amount of such reduction, plus interest on the principal amount repaid as provided in Section 3.7.
Appears in 3 contracts
Samples: Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc)
of the Intercreditor Agreement. The Borrower agrees to pay to the Liquidity Provider, on each Regular Distribution Date, commencing on the first Regular Distribution Date after the making of a Downgrade Advance, interest on the principal amount of any such Downgrade Advance as provided in Section 3.7. Immediately upon the withdrawal of any amounts from the Class B C Cash Collateral Account on account of a reduction in the Required Amount, the Borrower shall repay the Downgrade Advance in a principal amount equal to the amount of such reduction, plus interest on the principal amount repaid as provided in Section 3.7.
Appears in 2 contracts
Samples: Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc)
of the Intercreditor Agreement. The Borrower agrees to pay to the Liquidity Provider, on each Regular Distribution Date, commencing on the first Regular Distribution Date after the making of a Downgrade Advance, interest on the principal amount of any such Downgrade Advance as provided in Section 3.7. Immediately upon the withdrawal of any amounts from the Class B A Cash Collateral Account on account of a reduction in the Required Amount, the Borrower shall repay the Downgrade Advance in a principal amount equal to the amount of such reduction, plus interest on the principal amount repaid as provided in Section 3.7.
Appears in 2 contracts
Samples: Irrevocable Revolving Credit Agreement (America West Airlines Inc), Irrevocable Revolving Credit Agreement (America West Airlines Inc)