Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-], Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) directly to the Indenture Trustee at 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_ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental Rent, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).
Appears in 3 contracts
Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)
Payments in General. All payments (a) On each Payment Date and with respect to each Class of Rent Notes entitled to a payment in accordance with Section 6.1(d) or Section 6.1(e), as applicable, the Indenture Trustee shall make payment of funds in the Payment Account for such Class to the Noteholders of record as of the related Record Date based on such Noteholder’s pro rata share of the aggregate Note Balance of the Notes of such Class; provided, that the final principal payment due on a Note shall only be paid to the Holder of a Note on due presentment of such Note for cancellation in accordance with the provisions of such Note.
(b) Unless otherwise specified by the Clearing Agency, amounts payable to a Noteholder pursuant to Section 6.1(d) or Section 6.1(e), as applicable, or Section 9.6 shall be made directly by Lessee (whether or not any Sublease shall be in effect) payable by wire transfer of immediately available funds released by the Indenture Trustee from the Payment Account for credit to the account designated in writing by such Noteholder at least 15 days prior to 11:00 a.m.the relevant Payment Date or, New York timeif no such designation has been received, by first class mail to such Noteholder’s at its address of record with the Indenture Trustee.
(c) The Indenture Trustee shall promptly notify the Seller as to the amount of any accrued and unpaid expenses or indemnity amounts owing under the Program Agreements to the Indenture Trustee, the Owner Trustee, the Standby Servicer and the Custodian including any Extraordinary Expenses. In addition, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-], Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days Day prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully dischargedRemittance Date, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, notify the Seller of the Interest Coverage Amount (assuming for purposes of this calculation that all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time Price Differential amounts due on the due date thereof in funds of Remittance Date are received from the type specified in this Section 3(eSeller), if any, on such Remittance Date.
(d) directly to On each Payment Date occurring during the Indenture Trustee at its account at State Street Bank and Trust Company of ConnecticutPre-Default Period, 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_ (or such other account the Securities Intermediary on behalf of the Indenture Trustee shall apply the amount on deposit in the continental United States Payment Account on such date to make payments in the following order of priority:
(i) if the Standby Servicer or other successor servicer is the Servicer of the Purchased Mortgage Loans, to the Standby Servicer or such other successor servicer, reimbursement for any unreimbursed advances, including transfer costs in the event such costs have not been paid by the predecessor Servicer, fees and expenses with respect to the Purchased Mortgage Loans or the related Mortgaged Properties and the earned and unpaid Monthly Servicing Fee for such Payment Date;
(ii) on a pro rata basis to the Indenture Trustee, the Custodian, the Owner Trustee, the Note Calculation Agent, the Administrator, the Standby Servicer and the Diligence Provider, based on the amounts due to each such party, the earned and unpaid Monthly Indenture Trustee Fee, Monthly Custodial Fee, Owner Trustee Fee, Administrator Fee, Standby Servicing Fee and Review Fee, if any, for such Payment Date, as applicable;
(iii) to the Indenture Trustee, the Standby Servicer, the Owner Trustee, the Note Calculation Agent and the Custodian, any Extraordinary Expenses due and payable to such party, to the extent not previously paid; provided that, Extraordinary Expenses will in no event exceed the Extraordinary Expense Cap; provided, further, that $350,000 of the Extraordinary Expense Cap will be allocated to reimbursable expenses of the Indenture Trustee, the Standby Servicer, the Note Calculation Agent and the Custodian and $150,000 of the Extraordinary Expense Cap will be allocated to reimbursable expenses of the Owner Trustee (and on the Payment Date occurring in December of such calendar year, each such party shall have the right to reimbursement from any unused portion of the Extraordinary Expense Cap allocated to another party to the extent that the Extraordinary Expenses reimbursable to such party exceed the related capped amount at the end of such calendar year) (the aggregate amount, if any, owing to such parties but unpaid under this clause (iii) due to the foregoing limitations being the “Remaining Expenses”);
(iv) if sufficient funds remain in the Payment Account to pay in full the Securities Monthly Payment Amount and any Remaining Expenses, then the following amounts shall be paid without priority:
(A) on a pro rata basis to each of the Indenture Trustee, the Owner Trustee, the Standby Servicer, the Note Calculation Agent and the Custodian, the portion of the Remaining Expenses, if any, owed to such party; and
(B) to the Holders of each class of Securities, the Interest Payment Amount and Required Principal Payment, if any, in respect of such Class (provided that such Required Principal Payment shall not reduce the Note Balance of such Class of Notes below zero);
(v) if insufficient funds remain in the Payment Account to pay in full the Securities Monthly Payment Amount and any Remaining Expenses, then payments shall be made in the following priority:
(A) to the Holders of the Class A Notes, the Interest Payment Amount for the Class A Notes for such Payment Date;
(B) to the Holders of the Class A Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class A Notes, until the Note Balance thereof has been reduced to zero;
(C) to the Holders of the Class B Notes, the Interest Payment Amount for the Class B Notes for such Payment Date;
(D) to the Holders of the Class B Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class B Notes, until the Note Balance thereof has been reduced to zero;
(E) to the Holders of the Class C Notes, the Interest Payment Amount for the Class C Notes for such Payment Date;
(F) to the Holders of the Class C Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class C Notes, until the Note Balance thereof has been reduced to zero;
(G) to the Holders of the Class D Notes, the Interest Payment Amount for the Class D Notes for such Payment Date;
(H) to the Holders of the Class D Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class D Notes, until the Note Balance thereof has been reduced to zero;
(I) to the Holders of the Class E Notes, the Interest Payment Amount for the Class E Notes for such Payment Date;
(J) to the Holders of the Class E Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class E Notes, until the Note Balance thereof has been reduced to zero;
(K) to the Holders of the Class F Notes, the Interest Payment Amount for the Class F Notes for such Payment Date;
(L) to the Holders of the Class F Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class F Notes, until the Note Balance thereof has been reduced to zero;
(M) to the Holders of the Class G Notes, the Interest Payment Amount for the Class G Notes for such Payment Date;
(N) to the Holders of the Class G Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class G Notes, until the Note Balance thereof has been reduced to zero; and
(O) on a pro rata basis, to the Indenture Trustee, the Owner Trustee, the Standby Servicer, the Note Calculation Agent and the Custodian, any amounts owed to such parties but not paid due to the limitation in clause (iii) above; and
(vi) to the Holders of the Trust Certificates any remaining amounts. On any Special Payment Date, each Holder of a Class of Notes and each holder of the Trust Certificates shall be entitled to its pro rata share of the Prepayment Amount or the Repurchase Price and any interest accrued thereon through the date of such payment.
(e) On each Payment Date occurring after the Pre-Default Period, other than the Payment Date following a Sale, the Securities Intermediary on behalf of the Indenture Trustee shall direct apply amounts on deposit in a notice the Payment Account and the Reserve Account on such date to Lessee at least ten make payments in the following order of priority:
(10i) Business Days prior to the date Delinquent Loan Reviewer, the Delinquent Loan Reviewer Fee, if any, for such payment Payment Date;
(ii) if the Standby Servicer or other successor servicer is the Servicer of Rent is due). Lessor hereby directs the Purchased Mortgage Loans, to the Standby Servicer or such other successor servicer, reimbursement for any unreimbursed advances and Lessee agrees that all payments of Supplemental Rent owing expenses with respect to the Purchased Mortgage Loans or the related Mortgaged Properties and the earned and unpaid Monthly Servicing Fee for such Payment Date;
(iii) on a pro rata basis to the Indenture Trustee, the Custodian, the Mortgage Loan Custodian, the Owner Trustee, the Note Calculation Agent, the Administrator, the Standby Servicer and the Diligence Provider, based on the amounts due to each such party, the earned and unpaid Monthly Indenture Trustee or to Fee, Monthly Custodial Fee, Mortgage Loan Custodial Fee, Owner Trustee Fee, Administrator Fee, Standby Servicing Fee and Review Fee, if any, for such Payment Date, as applicable;
(iv) on a Loan Participant or any other Person (other than the Excluded Payments) pursuant pro rata basis, to the Participation Agreement shall be made in Dollars in immediately available funds prior Indenture Trustee, the Standby Servicer, the Owner Trustee, the Note Calculation Agent, the Custodian, and the Mortgage Loan Custodian, any Extraordinary Expenses due and payable to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental Rentparty, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on not previously paid;
(v) if the due date thereofPayment Date occurs during the Auction Period, to the account Reserve Account, any collections received in respect of principal on the Purchased Mortgage Loans;
(vi) sequentially, to the Holders of the Owner Participant or Class A, Class B, Class C, Class D and Class E Notes, in that order, the account Interest Payment Amount for each such Class for such Payment Date;
(vii) sequentially, to the Holders of the Class A, Class B, Class C, Class D and Class E Notes, in that order, any Basis Risk Shortfall Amount for each such Class for such Payment Date;
(viii) sequentially, to the Holders of the Class A, Class B, Class C, Class D and Class E Notes, in that order, in respect of principal, until the Note Balance of each such Class of Notes has been reduced to zero;
(ix) to the Holders of the Class F Notes, the Interest Payment Amount for such Class for such Payment Date;
(x) to the Holders of the Class F Notes, any Basis Risk Shortfall Amount for such Class for such Payment Date;
(xi) to the Holders of the Class F Notes, in respect of principal, until the Note Balance of such other Person entitled Class of Notes has been reduced to such payment in each case specified in Schedule I zero;
(xii) to the Participation Agreement Holders of the Class G Notes, the Interest Payment Amount for such Class for such Payment Date;
(or xiii) to the Holders of the Class G Notes, any Basis Risk Shortfall Amount for such other account as may be specified Class for such Payment Date;
(xiv) to the Holders of the Class G Notes, in writing by respect of principal, until the Owner Participant or the account Note Balance of such other Person Class of Notes has been reduced to zero; and
(xv) to the Holders of the Trust Certificates any remaining amounts.
(f) The Indenture Trustee shall, upon receipt of an Issuer Order at such time as there are no Notes outstanding and all obligations of the Issuer hereunder have been satisfied, release the Collateral from time to time)the Lien of this Indenture.
Appears in 2 contracts
Samples: Indenture (loanDepot, Inc.), Indenture (loanDepot, Inc.)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-].___________, Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) directly to the Indenture Trustee at 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. 00002000-0 XXXX1EETC/XX XxxxxxxUS Airways, Inc. Trust No. N___U_ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded PaymentsPayments payable to the Owner Participant) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).
Appears in 2 contracts
Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 70 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000100-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___UNW [____ __] (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of ConnecticutCompany, National Association, 000 Xxxxxx 200 Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [000-]000-000, Account No. [9000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___UNW [____ __] (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 2 contracts
Samples: Lease Agreement (Northwest Airlines Inc /Mn), Lease Agreement (Northwest Airlines Corp)
Payments in General. All payments of Rent other than Excluded Payments payable to Lessor shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York Chicago time, on the date of paymentpayment in Dollars, to Lessor at its account office at First Security Bank, National Association, 00 Xxxxx Xxxx 225 Xxxxxxxx Xxxxxx, 0xx XxxxxXxxxxx, Xxxx Xxxx Xxxx, Xxxx Xxxxxxxxxxxxx 00000, ABA No. 000-0000-00, Account No. [-], AttentionXxtention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ Department (or such other account office of Lessor in the continental United States or such other account as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided provided, that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless that all Basic Rent (other than Excluded Payments) and all other amounts which are required to be paid to or deposited with the Indenture Owner Trustee hereunder (other than Excluded Payments) shall otherwise direct, all Rent payable to Lessor and assigned be paid directly to the Indenture Trustee pursuant to at the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof times and in funds of the type specified in this Section 3(e) directly to at the offices of the Indenture Trustee at its account at State Street Bank and Trust Company of ConnecticutFirst Security Bank, National Association, 000 Xxxxxx 79 Sxxxx Xxxx Xxxxxx, XxxxxxxxXxxx Xxxx Xxxx, Xxxxxxxxxxx Xxxx 00000, ABA No. [-], Account No. [-], ReferenceAttention: US Airways, Inc. 0000-0 XXXX/XX Xxxxxxx, Inc. Corporate Trust No. N___U_ Department (or such other account office of the Indenture Trustee in the continental United States or such other account as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Basic Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) pursuant to the Participation Agreement Payments shall be made by paid in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof Person to whom payable at the office of the Indenture Trustee or at such other office address of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental Rent, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I of the Participation Agreement. Notwithstanding anything to the Participation Agreement (or to contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day then such other account as may payment shall not be specified in writing by made on such scheduled date but shall be made on the Owner Participant or next succeeding Business Day and interest at the account then effective Debt Rate shall accrue on the amount of such other Person from time to time)payment during such extension."
Appears in 1 contract
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 70 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000100-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ N7__UW (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of ConnecticutCompany, National Association, 000 Xxxxxx 200 Xxxxxxxx Xxxxxx, Xxxxxxxx0xx Xxxxx, Xxxxxxxxxxx Xxxxxx, Xxxxxxxxxxxxx 00000, ABA No. [011-]00-0028, Account No. [9000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 00001998-0 XXXX1 EETC/XX XxxxxxxUS Airways, Inc. Trust No. N___U_ N7__UW (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded PaymentsPayments payable to the Owner Participant) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).
Appears in 1 contract
Samples: Lease Agreement (Us Airways Inc)
Payments in General. All payments of Rent other than Excluded Payments payable to Lessor shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York City time, on the date of paymentpayment in Dollars, to Lessor at its account office at First Security BankBank of Utah, National Association, 00 Xxxxx 79 Sxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx Xxxx, 00000, ABA No. 000-0000-00, Account No. [-], AttentionXxtention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ Department (or such other account office of Lessor in the continental United States or such other account as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided provided, that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless that all Basic Rent (other than Excluded Payments) and all other amounts which are required to be paid to or deposited with the Indenture Owner Trustee hereunder (other than Excluded Payments) shall otherwise direct, all Rent payable to Lessor and assigned be paid directly to the Indenture Trustee pursuant to at the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof times and in funds of the type specified in this Section 3(e) directly to at the offices of the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National Association, 000 Xxxxxx 225 Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [-], Account No. [-], ReferenceXxtention: US Airways, Inc. 0000-0 XXXX/XX Xxxxxxx, Inc. Corporate Trust No. N___U_ Department (or such other account office of the Indenture Trustee in the continental United States or such other account as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Basic Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) pursuant to the Participation Agreement Payments shall be made paid in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof Person to whom payable at the office of the Indenture Trustee or at such other office address of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental Rent, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I of the Participation Agreement. Notwithstanding anything to the Participation Agreement contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day then such payment shall be made on the next succeeding Business Day (or unless, so long as the Original Loan Participant shall hold a Certificate, such succeeding Business Day is in the next calendar month, in which case the payment date shall be the next preceding Business Day) and (except, with respect to such other account as may be specified in writing any Certificate held by the Owner Original Loan Participant or in regard to the account amount of such other Person from time to time).Rent attributable to
Appears in 1 contract
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-].___________, Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) directly to the Indenture Trustee at 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___-1EETC/XX XxxxxxxUS Airways, Inc. Trust No. N___U_ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded PaymentsPayments payable to the Owner Participant) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).
Appears in 1 contract
Samples: Lease Agreement (Us Airways Inc)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security BankXxxxx Fargo Bank Northwest, National Association, MAC: U1254-031, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___UNW [____ __] (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided PROVIDED that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [000-]000-000, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___UNW [____ __] (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the -19- same force and effect as if made on such scheduled date and (PROVIDED such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 1 contract
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-], Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have -------- been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) ------------ directly to the Indenture Trustee at 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_ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded PaymentsPayments payable to the Owner Participant) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).
Appears in 1 contract
Samples: Lease Agreement (Us Airways Inc)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-].___________, Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) directly to the Indenture Trustee at 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____-1EETC/XX XxxxxxxUS Airways, Inc. Trust No. N___U_ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded PaymentsPayments payable to the Owner Participant) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).
Appears in 1 contract
Samples: Lease Agreement (Us Airways Inc)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___UNW 1999 _ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [000-]000-000, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___UNW 1999 _ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 1 contract
Samples: Lease Agreement (Northwest Airlines Holdings Corp/Pred)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___UNW 1997 __ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided PROVIDED that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [011-]00-0028, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___UNW 1997 __ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental Rent, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).least
Appears in 1 contract
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___U_ NW 1997 A (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [011-]00-0028, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___U_ NW 1997 A (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 1 contract
Payments in General. All payments 1. On each Payment Date and with respect to each Class of Rent Notes entitled to a payment in accordance with Section 6.1(d) or Section 6.1(e), as applicable, the Indenture Trustee shall make payment of funds in the Payment Account for such Class to the Noteholders of record as of the related Record Date based on such Noteholder’s pro rata share of the aggregate Note Balance of the Notes of such Class; provided, that the final principal payment due on a Note shall only be paid to the Holder of a Note on due presentment of such Note for cancellation in accordance with the provisions of such Note.
2. Unless otherwise specified by the Clearing Agency, amounts payable to a Noteholder pursuant to Section 6.1(d) or Section 6.1(e), as applicable, or Section 9.6 shall be made directly by Lessee (whether or not any Sublease shall be in effect) payable by wire transfer of immediately available funds released by the Indenture Trustee from the Payment Account for credit to the account designated in writing by such Noteholder at least 15 days prior to 11:00 a.m.the relevant Payment Date or, New York timeif no such designation has been received, by first class mail to such Noteholder’s at its address of record with the Indenture Trustee.
3. The Indenture Trustee shall promptly notify the Seller as to the amount of any accrued and unpaid expenses or indemnity amounts owing under the Program Agreements to the Indenture Trustee, the Owner Trustee, the Standby Servicer and the Custodian including any Extraordinary Expenses. In addition, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-], Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days Day prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully dischargedRemittance Date, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, notify the Seller of the Interest Coverage Amount (assuming for purposes of this calculation that all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time Price Differential amounts due on the due date thereof in funds of Remittance Date are received from the type specified in this Section 3(e) directly to Seller), if any, on such Remittance Date.
4. On each Payment Date occurring during the Indenture Trustee at its account at State Street Bank and Trust Company of ConnecticutPre-Default Period, 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_ (or such other account the Securities Intermediary on behalf of the Indenture Trustee shall apply the amount on deposit in the continental United States Payment Account on such date to make payments in the following order of priority:
(i) if the Standby Servicer or other successor servicer is the Servicer of the Purchased Mortgage Loans, to the Standby Servicer or such other successor servicer, reimbursement for any unreimbursed advances, including transfer costs in the event such costs have not been paid by the predecessor Servicer, fees and expenses with respect to the Purchased Mortgage Loans or the related Mortgaged Properties and the earned and unpaid Monthly Servicing Fee for such Payment Date;
(ii) on a pro rata basis to the Indenture Trustee, the Custodian, the Owner Trustee, the Note Calculation Agent, the Administrator, the Standby Servicer and the Diligence Provider, based on the amounts due to each such party, the earned and unpaid Monthly Indenture Trustee Fee, Monthly Custodial Fee, Owner Trustee Fee, Administrator Fee, Standby Servicing Fee and Review Fee, if any, for such Payment Date, as applicable; 117791222
(iii) to the Indenture Trustee, the Standby Servicer, the Owner Trustee, the Note Calculation Agent and the Custodian, any Extraordinary Expenses due and payable to such party, to the extent not previously paid; provided that, Extraordinary Expenses will in no event exceed the Extraordinary Expense Cap; provided, further, that $350,000 of the Extraordinary Expense Cap will be allocated to reimbursable expenses of the Indenture Trustee, the Standby Servicer, the Note Calculation Agent and the Custodian and $150,000 of the Extraordinary Expense Cap will be allocated to reimbursable expenses of the Owner Trustee (and on the Payment Date occurring in December of such calendar year, each such party shall have the right to reimbursement from any unused portion of the Extraordinary Expense Cap allocated to another party to the extent that the Extraordinary Expenses reimbursable to such party exceed the related capped amount at the end of such calendar year) (the aggregate amount, if any, owing to such parties but unpaid under this clause (iii) due to the foregoing limitations being the “Remaining Expenses”);
(iv) if sufficient funds remain in the Payment Account to pay in full the Securities Monthly Payment Amount and any Remaining Expenses, then the following amounts shall be paid without priority:
(A) on a pro rata basis to each of the Indenture Trustee, the Owner Trustee, the Standby Servicer, the Note Calculation Agent and the Custodian, the portion of the Remaining Expenses, if any, owed to such party; and
(B) to the Holders of each class of Notes, the Interest Payment Amount and Required Principal Payment, if any, in respect of such Class (provided that such Required Principal Payment shall not reduce the Note Balance of such Class of Notes below zero);
(v) if insufficient funds remain in the Payment Account to pay in full the Securities Monthly Payment Amount and any Remaining Expenses, then payments shall be made in the following priority:
(A) to the Holders of the Class A Notes, the Interest Payment Amount for the Class A Notes for such Payment Date;
(B) to the Holders of the Class A Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class A Notes, until the Note Balance thereof has been reduced to zero;
(C) to the Holders of the Class B Notes, the Interest Payment Amount for the Class B Notes for such Payment Date;
(D) to the Holders of the Class B Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class B Notes, until the Note Balance thereof has been reduced to zero;
(E) to the Holders of the Class C Notes, the Interest Payment Amount for the Class C Notes for such Payment Date;
(F) to the Holders of the Class C Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class C Notes, until the Note Balance thereof has been reduced to zero;
(G) to the Holders of the Class D Notes, the Interest Payment Amount for the Class D Notes for such Payment Date;
(H) to the Holders of the Class D Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class D Notes, until the Note Balance thereof has been reduced to zero;
(I) to the Holders of the Class E Notes, the Interest Payment Amount for the Class E Notes for such Payment Date;
(J) to the Holders of the Class E Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class E Notes, until the Note Balance thereof has been reduced to zero;
(K) to the Holders of the Class F Notes, the Interest Payment Amount for the Class F Notes for such Payment Date;
(L) to the Holders of the Class F Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class F Notes, until the Note Balance thereof has been reduced to zero; and
(M) on a pro rata basis, to the Indenture Trustee, the Owner Trustee, the Standby Servicer, the Note Calculation Agent and the Custodian, any amounts owed to such parties but not paid due to the limitation in clause (iii) above; and
(vi) to the Holders of the Trust Certificates any remaining amounts. On any Special Payment Date, each Holder of a Class of Notes and each holder of the Trust Certificates shall be entitled to its pro rata share of the Prepayment Amount or the Repurchase Price and any interest accrued thereon through the date of such payment.
5. On each Payment Date occurring after the Pre-Default Period, other than the Payment Date following a Sale, the Securities Intermediary on behalf of the Indenture Trustee shall direct apply amounts on deposit in a notice the Payment Account and the Reserve Account on such date to Lessee at least ten make payments in the following order of priority:
(10i) Business Days prior to the date Delinquent Loan Reviewer, the Delinquent Loan Reviewer Fee, if any, for such payment Payment Date;
(ii) if the Standby Servicer or other successor servicer is the Servicer of Rent is due). Lessor hereby directs the Purchased Mortgage Loans, to the Standby Servicer or such other successor servicer, reimbursement for any unreimbursed advances and Lessee agrees that all payments of Supplemental Rent owing expenses with respect to the Purchased Mortgage Loans or the related Mortgaged Properties and the earned and unpaid Monthly Servicing Fee for such Payment Date;
(iii) on a pro rata basis to the Indenture Trustee, the Custodian, the Mortgage Loan Custodian, the Owner Trustee, the Note Calculation Agent, the Administrator, the Standby Servicer and the Diligence Provider, based on the amounts due to each such party, the earned and unpaid Monthly Indenture Trustee or to Fee, Monthly Custodial Fee, Mortgage Loan Custodial Fee, Owner Trustee Fee, Administrator Fee, Standby Servicing Fee and Review Fee, if any, for such Payment Date, as applicable;
(iv) on a Loan Participant or any other Person (other than the Excluded Payments) pursuant pro rata basis, to the Participation Agreement shall be made in Dollars in immediately available funds prior Indenture Trustee, the Standby Servicer, the Owner Trustee, the Note Calculation Agent, the Custodian, and the Mortgage Loan Custodian, any Extraordinary Expenses due and payable to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental Rentparty, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on not previously paid;
(v) if the due date thereofPayment Date occurs during the Auction Period, to the account Reserve Account, any collections received in respect of principal on the Purchased Mortgage Loans;
(vi) sequentially, to the Holders of the Owner Participant or Class A, Class B, Class C, Class D and Class E Notes, in that order, the account Interest Payment Amount for each such Class for such Payment Date;
(vii) sequentially, to the Holders of the Class A, Class B, Class C and Class D Notes, in that order, any Basis Risk Shortfall Amount for each such Class for such Payment Date;
(viii) sequentially, to the Holders of the Class A, Class B, Class C and Class D Notes, in that order, in respect of principal, until the Note Balance of each such Class of Notes has been reduced to zero;
(ix) to the Holders of the Class E Notes, the Interest Payment Amount for such Class for such Payment Date;
(x) to the Holders of the Class E Notes, any Basis Risk Shortfall Amount for such Class for such Payment Date;
(xi) to the Holders of the Class E Notes, in respect of principal, until the Note Balance of such other Person entitled Class of Notes has been reduced to such payment in each case specified in Schedule I zero;
(xii) to the Participation Agreement Holders of the Class F Notes, the Interest Payment Amount for such Class for such Payment Date;
(or xiii) to the Holders of the Class F Notes, any Basis Risk Shortfall Amount for such other account as may be specified Class for such Payment Date;
(xiv) to the Holders of the Class F Notes, in writing by respect of principal, until the Owner Participant or the account Note Balance of such other Person Class of Notes has been reduced to zero; and
(xv) to the Holders of the Trust Certificates any remaining amounts.
6. The Indenture Trustee shall, upon receipt of an Issuer Order at such time as there are no Notes outstanding and all obligations of the Issuer hereunder have been satisfied, release the Collateral from time to time)the Lien of this Indenture.
Appears in 1 contract
Samples: Indenture (loanDepot, Inc.)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___U_ NW 1997 H (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [011-]00-0028, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___U_ NW 1997 H (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 1 contract
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___UNW [____ __] (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [000-]000-000, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___UNW [___ __] (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 1 contract
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-], Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) directly to the Indenture Trustee at 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_ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded PaymentsPayments payable to the Owner Participant) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).
Appears in 1 contract
Samples: Lease Agreement (Us Airways Inc)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-], Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) directly to the Indenture Trustee at 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. 00002000-0 XXXX2EETC/XX XxxxxxxUS Airways, Inc. Trust No. N___U_ (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded PaymentsPayments payable to the Owner Participant) pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time).
Appears in 1 contract
Samples: Lease Agreement (Us Airways Inc)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___UNW [____ __] (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [000-]000-000, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___UNW [____ __] (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 1 contract
Samples: Lease Agreement (Northwest Airlines Holdings Corp/Pred)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security BankWells Fargo Bank Northwest, National Association, 00 Xxxxx Xxxx XxxxxxMAC: U1228-120, 0xx Xxxxx000 Xouth Main Street, Xxxx Xxxx Xxxx12th Floor, Xxxx 00000Salt Lake City, Utah 84111, ABA NoXx. 000-0000-00, Account NoXxxxxxx Xx. 000-0000000, Xxxxxxxxx: Xxxxxxxte Trust Sxxxxxxx, Xxedit Northwest/NW [-], Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U____ __] (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30
A. M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of ConnecticutCompany, National Association225 Franklin Street, 000 Xxxxxx XxxxxxBoston, Xxxxxxxx, Xxxxxxxxxxx 00000Massachusetts 02110, ABA No. [011-]000-000, Account NoXxxxxxx Xx. [-], Reference: US Airways, Inc. 0000-0 XXXX000-0, Xxxxxxxxx: Xxxxxxxxe Trust Dexxxxxxxx, Xeference: Nortxxxxx/XX Xxxxxxx, Inc. Trust No. N___U[____ __] (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 1 contract
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___U_ NW 1997 L (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [011-]00-0028, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___U_ NW 1997 L (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
Appears in 1 contract
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) Dollars by wire transfer of immediately available funds prior to 11:00 10:00 a.m., New York time, on the date of payment, to Lessor at its account at First Security BankWells Fargo Bank Northwest, National Association, MAC: U1254-031, 00 Xxxxx Xxxx XxxxxxXouth Main Street, 0xx XxxxxSalt Lake City, Xxxx Xxxx Xxxx, Xxxx 00000Utah 84111, ABA No. 000121-0000-00, Account NoXxxxxxx Xx. [000-]0000000, AttentionXxxxxxxxx: Corporate Xxxxxxate Trust DepartmentXxxxxxxxxx, Credit US Airways/US Airways, Inc. Trust No. N___U_ Delta (or N____) (xx such other account of Lessor in the continental United States as Lessor shall direct in a directs by notice to Lessee at least ten (10) Business Days business days prior to the date such payment of Rent is duedue date); provided that so long as the Trust Indenture shall has not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Loan Trustee shall otherwise directdirects, all Rent payable to Lessor and assigned to the Indenture Loan Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 10:00 a.m., New York time on the due date thereof in funds of the type specified in this Section 3(e) directly to the Indenture Loan Trustee at its account at State Street Bank and Trust Company of ConnecticutCompany, National Association225 Franklin Street, 000 Xxxxxx XxxxxxBoston, Xxxxxxxx, Xxxxxxxxxxx 00000Massachusetts 02110, ABA No. [011-]000-000, Account NoXxxxxxx Xx. [0000-]000-0, Xxxxxxxxx: Xxxxxxxte Trust Dxxxxxxxxx, Reference: US Airways, Inc. 0000-0 XXXX/XX Xxxxxxx, Inc. Trust No. N___U_ Delxx (X____) (or such other account of the Indenture Loan Trustee in the continental United States as the Indenture Loan Trustee shall direct in a directs by notice to Lessee at least ten (10) Business Days business days prior to the date such payment of Rent is duedue date). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Loan Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Noteholder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.12:00 noon, New York time, on the due date thereof at the office of the Indenture Loan Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct directs at least ten (10) Business Days business days prior to the due date thereofdate. All payments of Supplemental RentRent payable to Owner Participant, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 10:00 a.m., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to Section 16.12 of the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or by notice to Lessee). Notwithstanding anything to the account contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such other Person from time to timepayment shall not be made on such date but shall be made on the next succeeding Business Day without interest with the same force and effect (provided such payment is made on such next succeeding Business Day).
Appears in 1 contract
Payments in General. All payments (a) On each Payment Date and with respect to each Class of Rent Notes entitled to a payment in accordance with Section 6.1(d) or Section 6.1(e), as applicable, the Indenture Trustee shall make payment of funds in the Payment Account for such Class to the Noteholders of record as of the related Record Date based on such Noteholder’s pro rata share of the aggregate Note Balance of the Notes of such Class; provided, that the final principal payment due on a Note shall only be paid to the Holder of a Note on due presentment of such Note for cancellation in accordance with the provisions of such Note.
(b) Unless otherwise specified by the Clearing Agency, amounts payable to a Noteholder pursuant to Section 6.1(d) or Section 6.1(e), as applicable, or Section 9.6 shall be made directly by Lessee (whether or not any Sublease shall be in effect) payable by wire transfer of immediately available funds released by the Indenture Trustee from the Payment Account for credit to the account designated in writing by such Noteholder at least 15 days prior to 11:00 a.m.the relevant Payment Date or, New York timeif no such designation has been received, by first class mail to such Noteholder’s at its address of record with the Indenture Trustee.
(c) The Indenture Trustee shall promptly notify the Seller as to the amount of any accrued and unpaid expenses or indemnity amounts owing under the Program Agreements to the Indenture Trustee, the Owner Trustee, the Standby Servicer and the Custodian including any Extraordinary Expenses. In addition, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [-], Attention: Corporate Trust Department, Credit US Airways/US Airways, Inc. Trust No. N___U_ (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) Business Days Day prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully dischargedRemittance Date, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, notify the Seller of the Interest Coverage Amount (assuming for purposes of this calculation that all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m., New York time Price Differential amounts due on the due date thereof in funds of Remittance Date are received from the type specified in this Section 3(eSeller), if any, on such Remittance Date.
(d) directly to On each Payment Date occurring during the Indenture Trustee at its account at State Street Bank and Trust Company of ConnecticutPre-Default Period, 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_ (or such other account the Securities Intermediary on behalf of the Indenture Trustee shall apply the amount on deposit in the continental United States Payment Account on such date to make payments in the following order of priority:
(i) if the Standby Servicer or other successor servicer is the Servicer of the Purchased Mortgage Loans, to the Standby Servicer or such other successor servicer, reimbursement for any unreimbursed advances, including transfer costs in the event such costs have not been paid by the predecessor Servicer, fees and expenses with respect to the Purchased Mortgage Loans or the related Mortgaged Properties and the earned and unpaid Monthly Servicing Fee for such Payment Date;
(ii) on a pro rata basis to the Indenture Trustee, the Custodian, the Owner Trustee, the Administrator, the Standby Servicer and the Diligence Provider, based on the amounts due to each such party, the earned and unpaid Monthly Indenture Trustee Fee, Monthly Custodial Fee, Owner Trustee Fee, Administrator Fee, Standby Servicing Fee and Review Fee, if any, for such Payment Date, as applicable;
(iii) to the Indenture Trustee, the Standby Servicer, the Owner Trustee and the Custodian, any Extraordinary Expenses due and payable to such party, to the extent not previously paid; provided that, Extraordinary Expenses will in no event exceed the Extraordinary Expense Cap; provided, further, that $350,000 of the Extraordinary Expense Cap will be allocated to reimbursable expenses of the Indenture Trustee, the Standby Servicer and the Custodian and $150,000 of the Extraordinary Expense Cap will be allocated to reimbursable expenses of the Owner Trustee (and on the Payment Date occurring in December of such calendar year, each such party shall have the right to reimbursement from any unused portion of the Extraordinary Expense Cap allocated to another party to the extent that the Extraordinary Expenses reimbursable to such party exceed the related capped amount at the end of such calendar year) (the aggregate amount, if any, owing to such parties but unpaid under this clause (iii) due to the foregoing limitations being the “Remaining Expenses”);
(iv) if sufficient funds remain in the Payment Account to pay in full the Securities Monthly Payment Amount and any Remaining Expenses, then the following amounts shall be paid without priority:
(A) on a pro rata basis to each of the Indenture Trustee, the Owner Trustee, the Standby Servicer and the Custodian, the portion of the Remaining Expenses, if any, owed to such party; and
(B) to the Holders of each class of Securities, the Interest Payment Amount and Required Principal Payment, if any, in respect of such Class (provided that such Required Principal Payment shall not reduce the Note Balance of such Class of Notes below zero);
(v) if insufficient funds remain in the Payment Account to pay in full the Securities Monthly Payment Amount and any Remaining Expenses, then payments shall be made in the following priority:
(A) to the Holders of the Class A Notes, the Interest Payment Amount for the Class A Notes for such Payment Date;
(B) to the Holders of the Class A Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class A Notes, until the Note Balance thereof has been reduced to zero;
(C) to the Holders of the Class B Notes, the Interest Payment Amount for the Class B Notes for such Payment Date;
(D) to the Holders of the Class B Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class B Notes, until the Note Balance thereof has been reduced to zero;
(E) to the Holders of the Class C Notes, the Interest Payment Amount for the Class C Notes for such Payment Date;
(F) to the Holders of the Class C Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class C Notes, until the Note Balance thereof has been reduced to zero; and
(G) to the Holders of the Class D Notes, the Interest Payment Amount for the Class D Notes for such Payment Date;
(H) to the Holders of the Class D Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class D Notes, until the Note Balance thereof has been reduced to zero;
(I) to the Holders of the Class E Notes, the Interest Payment Amount for the Class E Notes for such Payment Date;
(J) to the Holders of the Class E Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class E Notes, until the Note Balance thereof has been reduced to zero;
(K) to the Holders of the Class F Notes, the Interest Payment Amount for the Class F Notes for such Payment Date;
(L) to the Holders of the Class F Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class F Notes, until the Note Balance thereof has been reduced to zero;
(M) to the Holders of the Class G Notes, the Interest Payment Amount for the Class G Notes for such Payment Date;
(N) to the Holders of the Class G Notes, the Required Principal Payment for such Payment Date, in reduction of the Note Balance of the Class G Notes, until the Note Balance thereof has been reduced to zero; and
(O) on a pro rata basis, to the Indenture Trustee, the Owner Trustee, the Standby Servicer and the Custodian, any amounts owed to such parties but not paid due to the limitation in clause (iii) above; and
(vi) to the Holders of the Trust Certificates any remaining amounts. On any Special Payment Date, each Holder of a Class of Notes shall be entitled to its pro rata share of the Prepayment Amount or the Repurchase Price and any interest accrued thereon through the date of such payment.
(e) On each Payment Date occurring after the Pre-Default Period, other than the Payment Date following a Sale, the Securities Intermediary on behalf of the Indenture Trustee shall direct apply amounts on deposit in a notice the Payment Account and the Reserve Account on such date to Lessee at least ten make payments in the following order of priority:
(10i) Business Days prior to the date Delinquent Loan Reviewer, the Delinquent Loan Reviewer Fee, if any, for such payment Payment Date;
(ii) if the Standby Servicer or other successor servicer is the Servicer of Rent is due). Lessor hereby directs the Purchased Mortgage Loans, to the Standby Servicer or such other successor servicer, reimbursement for any unreimbursed advances and Lessee agrees that all payments of Supplemental Rent owing expenses with respect to the Purchased Mortgage Loans or the related Mortgaged Properties and the earned and unpaid Monthly Servicing Fee for such Payment Date;
(iii) on a pro rata basis to the Indenture Trustee, the Custodian, the Mortgage Loan Custodian, the Owner Trustee, the Administrator, the Standby Servicer and the Diligence Provider, based on the amounts due to each such party, the earned and unpaid Monthly Indenture Trustee or to Fee, Monthly Custodial Fee, Mortgage Loan Custodial Fee, Owner Trustee Fee, Administrator Fee, Standby Servicing Fee and Review Fee, if any, for such Payment Date, as applicable;
(iv) on a Loan Participant or any other Person (other than the Excluded Payments) pursuant pro rata basis, to the Participation Agreement shall be made in Dollars in immediately available funds prior Indenture Trustee, the Standby Servicer, the Owner Trustee, the Custodian and the Mortgage Loan Custodian, any Extraordinary Expenses due and payable to 11:00 a.m., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) Business Days prior to the due date thereof. All payments of Supplemental Rentparty, to the extent that such amounts constitute Excluded Payments, shall be made in Dollars in immediately available funds prior to 11:00 a.m., New York time, on not previously paid;
(v) if the due date thereofPayment Date occurs during the Auction Period, to the account Reserve Account, any collections received in respect of principal on the Purchased Mortgage Loans;
(vi) sequentially, to the Holders of the Owner Participant or Class A, Class B, Class C, Class D and Class E Notes, in that order, the account Interest Payment Amount for each such Class for such Payment Date;
(vii) sequentially, to the Holders of the Class A, Class B, Class C, Class D and Class E Notes, in that order, any Basis Risk Shortfall Amount for each such Class for such Payment Date;
(viii) sequentially, to the Holders of the Class A, Class B, Class C, Class D and Class E Notes, in that order, in respect of principal, until the Note Balance of each such Class of Notes has been reduced to zero;
(ix) to the Holders of the Class F Notes, the Interest Payment Amount for such Class for such Payment Date;
(x) to the Holders of the Class F Notes, any Basis Risk Shortfall Amount for such Class for such Payment Date;
(xi) to the Holders of the Class F Notes, in respect of principal, until the Note Balance of such other Person entitled Class of Notes has been reduced to such payment in each case specified in Schedule I zero;
(xii) to the Participation Agreement Holders of the Class G Notes, the Interest Payment Amount for such Class for such Payment Date;
(or xiii) to the Holders of the Class G Notes, any Basis Risk Shortfall Amount for such other account as may be specified Class for such Payment Date;
(xiv) to the Holders of the Class G Notes, in writing by respect of principal, until the Owner Participant or the account Note Balance of such other Person Class of Notes has been reduced to zero; and
(xv) to the Holders of the Trust Certificates any remaining amounts.
(f) The Indenture Trustee shall, upon receipt of an Issuer Order at such time as there are no Notes outstanding and all obligations of the Issuer hereunder have been satisfied, release the Collateral from time to time)the Lien of this Indenture.
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Samples: Indenture (loanDepot, Inc.)
Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___U_ NW 1997 J (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [011-]00-0028, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___U_ NW 1997 J (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
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Payments in General. All payments of Rent shall be made directly by Lessee (whether or not any Sublease shall be in effect) by wire transfer of immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the date of payment, to Lessor at its account at First Security Bank, National Association, 00 Xxxxx Xxxx Xxxxxx, 0xx Xxxxx, Xxxx Xxxx Xxxx, Xxxx 00000, ABA No. 000-0000-00, Account No. [051-]0000000, Attention: Corporate Trust Department, Credit US AirwaysNorthwest/US Airways, Inc. Trust No. N___U_ NW 1997 I (or such other account of Lessor in the continental United States as Lessor shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due); provided that so long as the Trust Indenture shall not have been fully discharged, Lessor hereby irrevocably directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent payable to Lessor and assigned to the Indenture Trustee pursuant to the Trust Indenture shall be paid prior to 11:00 a.m.10:30 A.M., New York time on the due date thereof in funds of the type specified in this Section 3(e3(f) directly to the Indenture Trustee at its account at State Street Bank and Trust Company of Connecticut, National AssociationCompany, 000 Xxxxxx Xxxxxxxx Xxxxxx, XxxxxxxxXxxxxx, Xxxxxxxxxxx Xxxxxxxxxxxxx 00000, ABA No. [011-]00-0028, Account No. [0000-]000-0, Attention: Corporate Trust Department, Reference: US Airways, Inc. 0000-0 XXXXNorthwest/XX Xxxxxxx, Inc. Trust No. N___U_ NW 1997 I (or such other account of the Indenture Trustee in the continental United States as the Indenture Trustee shall direct in a notice to Lessee at least ten (10) 10 Business Days prior to the date such payment of Rent is due). Lessor hereby directs and Lessee agrees that all payments of Supplemental Rent owing to the Indenture Trustee or to a Loan Participant or any other Person (other than the Excluded Payments) Certificate Holder pursuant to the Participation Agreement shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof at the office of the Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least ten (10) 10 Business Days prior to the due date thereof. All payments of Supplemental RentRent payable to the Owner Participant, to the extent that such amounts constitute Excluded PaymentsPayments (as defined in the Trust Indenture), shall be made in Dollars in immediately available funds prior to 11:00 a.m.10:30 A.M., New York time, on the due date thereof, to the account of the Owner Participant or the account of such other Person entitled to such payment in each case specified in Schedule I to the Participation Agreement (or to such other account as may be specified in writing by the Owner Participant or the account of such other Person from time to time). Notwithstanding anything to the contrary contained herein, if any date on which a payment of Rent becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.
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