Common use of Payments in the Event of Prepayment Clause in Contracts

Payments in the Event of Prepayment. (a) Except as otherwise provided in Section 3.03 or 3.05, in the event of any prepayment of an Equipment Note or Notes, in whole or in part, in accordance with the provisions of Section 2.10 any amount received shall in each case be distributed and paid in the following order of priority: first, so much of such amount as shall be required for the purpose of prepayment shall be distributed and paid to the holders of such Equipment Note or Notes to pay the aggregate amount of the payment of principal, Make-Whole Amount, if any, and interest to be prepaid on such Equipment Note or Notes pursuant to Section 2.10, such prepayment to be made ratably to such Equipment Note or Notes to which such prepayment relates, without priority of one over any other, in the proportion that the amount to be prepaid on each such Equipment Note bears to the aggregate amount to be paid on all such Equipment Notes; and second, the balance, if any, of such amount remaining thereafter shall be deemed released from the Lien of this Indenture and shall be distributed to the Owner Trustee for distribution in accordance with the terms of the Trust Agreement.

Payments in the Event of Prepayment. (a) Except as otherwise ----------------------------------- provided in Section 3.03 3.3 or 3.053.5, in the event of any prepayment of an Equipment Note or Notes, in whole or in part, in accordance with the provisions of Section 2.10 any amount received by the Indenture Trustee shall in each case be distributed and paid in the following order of priority: first, so much of such ----- amount as shall be required for to pay the purpose aggregate amount of prepayment the principal, Premium, if any, and interest and all other amounts to be paid on such Equipment Note or Notes pursuant to Section 2.10 shall be distributed and paid to the holders of such Equipment Note or Notes to pay the aggregate amount of the payment of principal, Make-Whole Amount, if any, and interest to be prepaid on such Equipment Note or Notes pursuant to Section 2.10Notes, such prepayment to be made ratably to such Equipment Note or Notes to which such prepayment relates, without priority of one over any other, in the proportion that the amount to be prepaid on each such Equipment Note bears to the aggregate amount to be paid on all such Equipment Notes; and second, the balance, if any, of such amount remaining thereafter shall be deemed released from the Lien of this Indenture and shall be ------ distributed to the Owner Trustee for distribution in accordance with the terms of the Trust Agreement.

Payments in the Event of Prepayment. (a) Except as otherwise ----------------------------------- provided in Section 3.03 3.3 or 3.053.5, in the event of any prepayment of an Equipment Note or Notes, in whole or in part, in accordance with the provisions of Section 2.10 any amount received by the Indenture Trustee shall in each case be distributed and paid in the following order of priority: first, so much of such amount as shall be required for to pay the purpose aggregate amount ----- of prepayment the principal, Premium, if any, and interest and all other amounts to be paid on such Equipment Note or Notes pursuant to Section 2.10 shall be distributed and paid to the holders of such Equipment Note or Notes to pay the aggregate amount of the payment of principal, Make-Whole Amount, if any, and interest to be prepaid on such Equipment Note or Notes pursuant to Section 2.10Notes, such prepayment to be made ratably to such Equipment Note or Notes to which such prepayment relates, without priority of one over any other, in the proportion that the amount to be prepaid on each such Equipment Note bears to the aggregate amount to be paid on all such Equipment Notes; and second, the balance, if any, of such amount remaining ------ thereafter shall be deemed released from the Lien of this Indenture and shall be distributed to the Owner Trustee for distribution in accordance with the terms of the Trust Agreement.

Payments in the Event of Prepayment. (a) Except as otherwise provided in Section 3.03 or 3.05, in the event of any prepayment of an Equipment Note or Notes, in whole or in part, in accordance with the provisions of Section 2.10 any amount received shall in each case be distributed and paid in the following order of priority: first, so much of such amount as shall be required for the purpose of prepayment shall be distributed and paid to the holders of such Equipment Note or Notes to pay the aggregate amount of the payment of principal, Make-Whole Amount, if any, and interest to be prepaid on such Equipment Note or Notes pursuant to Section 2.10, such prepayment to be made ratably to such Equipment Note or Notes to which such prepayment relates, without priority of one over any other, in the proportion that the amount to be prepaid on each such Equipment Note bears to the aggregate amount to be paid on all such Equipment Notes; and second, the balance, if any, of such amount remaining thereafter shall be deemed released from the Lien of this Indenture and shall be distributed to the Owner Trustee for distribution in accordance with the terms of the Trust Agreement.

Payments in the Event of Prepayment. (a) Except as otherwise provided in Section 3.03 or 3.05, in the event of any prepayment of an Equipment Note or Notes, in whole or in part, in accordance with the provisions of Section 2.10 any amount received shall in each case be distributed and paid in the following order of priority: first, so much of such amount as shall be required for the purpose of prepayment shall be distributed and paid to the holders of such Equipment Note or Notes to pay the aggregate amount of the payment of principal, Make-Whole Amountpremium, if any, and interest to be prepaid on such Equipment Note or Notes pursuant to Section 2.10, such prepayment to be made ratably to such Equipment Note or Notes to which such prepayment relates, without priority of one over any other, in the proportion that the amount to be prepaid on each such Equipment Note bears to the aggregate amount to be paid on all such Equipment Notes; and second, the balance, if any, of such amount remaining thereafter shall be deemed released from the Lien of this Indenture and shall be distributed to the Owner Trustee for distribution in accordance with the terms of the Trust Agreement.

Payments in the Event of Prepayment. (a) Except as otherwise provided in Section 3.03 or 3.05, in the event of any prepayment of an Equipment Note or Notes, in whole or in part, in accordance with the provisions of Section 2.10 any amount received shall in each case be distributed and paid in the following order of priority: first, so much ----- of such amount as shall be required for the purpose of prepayment shall be distributed and paid to the holders of such Equipment Note or Notes to pay the aggregate amount of the payment of principal, Make-Whole Amountpremium, if any, and interest to be prepaid on such Equipment Note or Notes pursuant to Section 2.10, such prepayment to be made ratably to such Equipment Note or Notes to which such prepayment relates, without priority of one over any other, in the proportion that the amount to be prepaid on each such Equipment Note bears to the aggregate amount to be paid on all such Equipment Notes; and second, the balance, if any, ------ of such amount remaining thereafter shall be deemed released from the Lien of this Indenture and shall be distributed to the Owner Trustee for distribution in accordance with the terms of the Trust Agreement.