Common use of Payments for Which No Application Is Otherwise Provided Clause in Contracts

Payments for Which No Application Is Otherwise Provided. Except as otherwise provided in Section 3.05: (a) any payment received by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Agreement, and (b) any payment received and amounts realized by the Indenture Trustee with respect to the Aircraft to the extent received or realized at any time after the conditions set forth in Article 10 for the satisfaction and discharge of this Agreement or for the defeasance of the Certificates shall have been duly satisfied, as well as any other amounts remaining as part of the Indenture Estate after such satisfaction shall be distributed by the Indenture Trustee in the following order of priority: first, so much of such aggregate amount as shall be required to pay the Indenture Trustee all amounts then due it pursuant to Section 9.06 shall be applied to pay the Indenture Trustee such amounts; and second, the balance, if any, of such aggregate amount remaining thereafter shall be distributed to the Owner Trustee to be held or distributed in accordance with the terms of the Trust Agreement.

Appears in 4 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 No Application Is Otherwise Provided. Except as otherwise provided in Section 3.05: (a) any payment received by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Agreement, and (b) any payment received and amounts realized by the Indenture Trustee with respect to the Aircraft to the extent received or realized at any time after the conditions set forth in Article 10 for the satisfaction and discharge of this Agreement or for the defeasance of the Certificates shall have been duly satisfied, as well as any other amounts remaining as part of the Indenture Estate after such satisfaction shall be distributed by the Indenture Trustee in the following order of priority: first, so much of such aggregate amount as shall be required to pay the Indenture Trustee all amounts then due it pursuant to Section 9.06 shall be applied to pay the Indenture Trustee such amounts; and second, the balance, if any, of such aggregate amount remaining thereafter shall be distributed to the Owner Trustee to be held or distributed to the Owner Participant in accordance with the terms of the Trust Agreement.

Appears in 1 contract

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

Payments for Which No Application Is Otherwise Provided. Except as otherwise provided in Section 3.05: (a) any payment received by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this AgreementIndenture, and (b) any payment received and amounts realized by the Indenture Trustee with respect to the Aircraft to the extent received or realized at any time after the conditions set forth in Article 10 for the satisfaction and discharge of this Agreement Indenture or for the defeasance of the Certificates shall have been duly satisfied, as well as any other amounts remaining as part of the Indenture Estate after such satisfaction shall be distributed by the Indenture Trustee in the following order of priority: first, so much of such aggregate amount as shall be required to pay the Indenture Trustee all amounts then due it pursuant to Section 9.06 shall be applied to pay the Indenture Trustee such amounts; and second, the balance, balance if any, of such aggregate amount remaining thereafter shall be distributed to the Owner Trustee to be held or distributed in accordance with the terms of the Trust Agreement.. Indenture-29 (1994 747 B) ARTICLE 4

Appears in 1 contract

Samples: Trust Indenture and Mortgage (United Air Lines Inc)

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Payments for Which No Application Is Otherwise Provided. Except as otherwise provided in Section 3.05: (a) any payment received by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this AgreementIndenture, and (b) any payment received and amounts realized by the Indenture Trustee with respect to the Aircraft to the extent received or realized at any time after the conditions set forth in Article 10 for the satisfaction and discharge of this Agreement Indenture or for the defeasance of the Certificates shall have been duly satisfied, as well as any other amounts remaining as part of the Indenture Estate after such satisfaction shall be distributed by the Indenture Trustee in the following order of priority: first, so much of such aggregate amount (to the extent such amounts are not obligations of the Company under the Operative Documents) as shall be required to pay the Indenture Trustee all amounts then due it pursuant to Section 9.06 shall be applied to pay the Indenture Trustee such amounts; and second, the balance, if any, of such aggregate amount payments or amounts remaining thereafter shall be distributed to the Owner Trustee to be held or distributed in accordance with the terms of the Trust AgreementTrustee.

Appears in 1 contract

Samples: Trust Indenture and Mortgage (United Air Lines Inc)

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