Common use of Payments for Which Application Is Provided in Other Documents Clause in Contracts

Payments for Which Application Is Provided in Other Documents. Except as otherwise provided in this Agreement, any payment received by the Indenture Trustee for which provision as to the application thereof is made in the Lease or the Participation Agreement shall be distributed to the Person for whose benefit such payments were made in accordance with, and subject to the terms, thereof and hereof. The Indenture Trustee shall be obligated to distribute any Excluded Payments received by the Indenture Trustee promptly upon receipt thereof by the Indenture Trustee to the Person entitled thereto.

Appears in 7 contracts

Samples: Trust Indenture and Security Agreement (Southwest Airlines Co), Trust Indenture and Security Agreement (Southwest Airlines Co), Trust Indenture and Security Agreement (Southwest Airlines Co)

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Payments for Which Application Is Provided in Other Documents. Except as otherwise provided in this AgreementIndenture, any payment received by the Indenture Trustee for which provision as to the application thereof is made in the Lease or the Participation Agreement any other Operative Document shall be distributed to the Person for whose benefit such payments were made in accordance with, and subject to the terms, thereof and hereofmade. The Indenture Trustee shall be obligated to distribute any Excluded Payments received by the Indenture Trustee promptly upon receipt thereof by the Indenture Trustee to the Person entitled thereto.

Appears in 1 contract

Samples: United Air Lines Inc

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