Common use of Payment of Owner Participant's Commitment Clause in Contracts

Payment of Owner Participant's Commitment. Subject to the terms and conditions of this Agreement, the Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement, to make the amount of its Commitment as set forth on Schedule II available for and on account of the Owner Trustee on the Delivery Date by wire transfer of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company of Connecticut, National Association, 000 Xxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000, ABA No. [-], Account No. [-], Reference: US Airways, Inc. 0000-0 XXXX/XX Xxxxxxx, Inc. (Trust No. N___U_), not later than 10:00 a.m., New York City time. The amount of the Owner Participant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closing.

Appears in 2 contracts

Samples: Participation Agreement (Us Airways Inc), Participation Agreement (Us Airways Inc)

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Payment of Owner Participant's Commitment. Subject to the terms and conditions of this Agreement, the Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement, to make the amount of its Commitment as set forth on Schedule II available for and on account of the Owner Trustee on the Delivery Date by wire transfer of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company of Connecticut, National Association, 000 Xxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000, ABA No. [-_], Account No. [-_], Reference: US Airways, Inc. 0000-0 XXXX/XX Xxxxxxx, Inc. (Trust No. N___U_), not later than 10:00 a.m., New York City time. The amount of the Owner Participant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closing.

Appears in 1 contract

Samples: Participation Agreement (Us Airways Inc)

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Payment of Owner Participant's Commitment. Subject to the terms and conditions of this Agreement, the Owner Participant agrees with the Lessee and only with the Lessee on behalf of the Owner Trustee, subject to the terms and conditions of this Agreement, to make the amount of its Commitment as set forth on Schedule II available for and on account of the Owner Trustee on the Delivery Date specified in the Delivery Notice pursuant to Section 2(c) by wire transfer of such amount in immediately available funds, to the Owner Trustee for deposit in its account at State Street Bank and Trust Company of ConnecticutCompany, National Association, 000 Xxxxxx 200 Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [011-]00-0028, Account No. [9000-]000-0, Reference: US Airways 1998-1 EETC/US Airways, Inc. 0000-0 XXXX/XX Xxxxxxx, Inc. (Trust No. N___U_)N7__UW, not later than 10:00 9:30 a.m., New York City time. The amount of the Owner Participant's Commitment shall be held for the account of the Owner Participant by the Owner Trustee until released by the Owner Participant or its special counsel at closingclosing or until returned to the Owner Participant in accordance with Section 2(f).

Appears in 1 contract

Samples: Participation Agreement (Us Airways Inc)

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