Common use of PARTICIPATION BY PASS THROUGH TRUSTEES IN FINANCING OF THE AIRCRAFT Clause in Contracts

PARTICIPATION BY PASS THROUGH TRUSTEES IN FINANCING OF THE AIRCRAFT. (a) Participation by Pass Through Trustees on the Delivery Date; Issuance of Equipment Notes. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to make a secured loan to Owner on the Delivery Date to finance, in part, the Owner's acquisition of the Aircraft by paying to Owner the aggregate purchase price of the Equipment Notes being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to Owner on a date to be designated pursuant to Section 2(b) but in no event later than _________________, by transferring to the account of Owner at State Street Bank and Trust Company of Connecticut, National Association, 000 Xxxxxx Xxxxxx, Xxxxxxx Square, Xxxxxxxx, Xxxxxxxxxxx 00000, ABA No. 011-00-0028, Account No. __________, Reference: US Airways, Inc. 2001-1 EETC/N___U_), not later than 9:30 a.m., New York City time, on the Delivery Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to Owner, Owner shall issue, pursuant to Article II of the Indenture, to the Subordination Agent on behalf of the Pass Through Trustees for each of the Pass Through Trusts, Equipment Notes of the maturity and aggregate principal amount, bearing the interest rate and for the purchase price set forth on Schedule II opposite the name of such Pass Through Trust.

Appears in 1 contract

Samples: Participation Agreement (Us Airways Inc)

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PARTICIPATION BY PASS THROUGH TRUSTEES IN FINANCING OF THE AIRCRAFT. (a) Participation by Pass Through Trustees on the Delivery Date; Issuance of Equipment Notes. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to make a secured loan to Owner on the Delivery Date to finance, in part, the Owner's acquisition of the Aircraft by paying to Owner the aggregate purchase price of the Equipment Notes being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to Owner on a date to be designated pursuant to Section 2(b) but in no event later than __________________, by transferring to the account of Owner at State Street Bank and Trust Company of Connecticut, National Association, 000 Xxxxxx Xxxxxx, Xxxxxxx Square, XxxxxxxxHartford, Xxxxxxxxxxx 00000Connecticut 06103, ABA No. 011-00-0028_________, Account No. __________, Reference: US Airways, Inc. 20011999-1 EETC/N___U_), not later than 9:30 a.m., New York City time, on the Delivery Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to Owner, Owner shall issue, pursuant to Article II of the Indenture, to the Subordination Agent on behalf of the Pass Through Trustees Trustee for each of the Pass Through Trusts, Equipment Notes of the maturity and aggregate principal amount, bearing the interest rate and for the purchase price set forth on Schedule II opposite the name of such Pass Through Trust.

Appears in 1 contract

Samples: Participation Agreement (Us Airways Inc)

PARTICIPATION BY PASS THROUGH TRUSTEES IN FINANCING OF THE AIRCRAFT. (a) Participation by Pass Through Trustees on the Delivery Date; Issuance of Equipment Notes. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to make a secured loan to Owner on the Delivery Date to finance, in part, the Owner's acquisition of the Aircraft by paying to Owner the aggregate purchase price of the Equipment Notes being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to Owner on a date to be designated pursuant to Section 2(b) but in no event later than _________________, by transferring to the account of Owner at State Street Bank and Trust Company of Connecticut, National Association, 000 Xxxxxx Xxxxxx, Xxxxxxx Square, Xxxxxxxx, Xxxxxxxxxxx 00000, ABA No. 011-00-0028, Account No. __________, Reference: US Airways, Inc. 20012000-1 3 EETC/N___U_), not later than 9:30 a.m., New York City time, on the Delivery Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to Owner, Owner shall issue, pursuant to Article II of the Indenture, to the Subordination Agent on behalf of the Pass Through Trustees for each of the Pass Through Trusts, Equipment Notes of the maturity and aggregate principal amount, bearing the interest rate and for the purchase price set forth on Schedule II opposite the name of such Pass Through Trust.

Appears in 1 contract

Samples: Participation Agreement (Us Airways Inc)

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PARTICIPATION BY PASS THROUGH TRUSTEES IN FINANCING OF THE AIRCRAFT. (a) Participation by Pass Through Trustees on the Delivery Date; Issuance of Equipment Notes. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to make a secured loan to Owner on the Delivery Date to finance, in part, the Owner's acquisition of the Aircraft by paying to Owner the aggregate purchase price of the Equipment Notes being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to Owner on a date to be designated pursuant to Section 2(b) but in no event later than __________________, by transferring to the account of Owner at State Street Bank and Trust Company of Connecticut, National Association, 000 Xxxxxx Xxxxxx, Xxxxxxx Square, XxxxxxxxHartford, Xxxxxxxxxxx 00000Connecticut 06103, ABA No. 011-00-0028_________, Account No. __________, Reference: US Airways, Inc. 20012000-1 EETC/N___U_), not later than 9:30 a.m., New York City time, on the Delivery Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to Owner, Owner shall issue, pursuant to Article II of the Indenture, to the Subordination Agent on behalf of the Pass Through Trustees Trustee for each of the Pass Through Trusts, Equipment Notes of the maturity and aggregate principal amount, bearing the interest rate and for the purchase price set forth on Schedule II opposite the name of such Pass Through Trust.

Appears in 1 contract

Samples: Purchase Agreement (Us Airways Inc)

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