Common use of Payments to Owner Trustee; Other Parties Clause in Contracts

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified in Section 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents shall be applied and distributed in accordance with the terms of the Lease or such other Operative Document; and third, the balance, if any, shall be paid to the Owner Participant.

Appears in 14 contracts

Samples: Trust Agreement (Northwest Airlines Inc /Mn), Trust Agreement (Northwest Airlines Corp), Trust Agreement (Northwest Airlines Inc /Mn)

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Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof 4.2.1 (other than Excluded Payments) received by the Owner Trustee, any payments payment received from the Indenture Trustee Mortgagee (other than as specified in Section 4.01(dExcluded Payments) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, in this Trust Agreement shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: firstFIRST, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; secondSECOND, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents Agreements shall be applied and distributed in accordance with the terms of the Lease or such other Operative DocumentAgreement; and thirdTHIRD, the balance, if any, shall be paid to the Owner Participant.

Appears in 9 contracts

Samples: Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof 4.2.1 (other than Excluded Payments) received by the Owner Trustee, any payments payment received from the Indenture Trustee Mortgagee (other than as specified in Section 4.01(dExcluded Payments) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, in this Trust Agreement shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: firstFIRST, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; secondSECOND, so much of the remainder for which provision as to the application thereof is contained amount set forth in the Lease or any of the other Operative Documents Schedule 1 hereto, if any, on a Payment Date shall be applied and distributed paid to Owner Participant; THIRD, the amount set forth in accordance with the terms of the Lease or such other Operative DocumentSchedule 2 hereto shall be paid to Equity Guarantor; and thirdFOURTH, the balance, if any, shall be paid to the Owner Participant.

Appears in 3 contracts

Samples: Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (Continental Airlines Inc /De/)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof 4.2.1 (other than Excluded Payments) received by the Owner Trustee, any payments payment received from the Indenture Trustee Mortgagee (other than as specified in Section 4.01(dExcluded Payments) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, in this Trust Agreement shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents Agreements shall be applied and distributed in accordance with the terms of the Lease or such other Operative DocumentAgreement; and third, the balance, if any, shall be paid to the Owner Participant.

Appears in 2 contracts

Samples: Trust Agreement (Atlas Air Inc), Trust Agreement (Atlas Air Inc)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereofExcept as otherwise provided in subsections (b) and (c), all Basic Rent, Supplemental Rent, insurance proceeds and requisition, indemnity or other payments of any payment of the type referred to kind, in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified each case included in Section 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made hereinreceived by Owner Trustee, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to pay or reimburse the Owner Trustee for any fees or expenses not otherwise paid or reimbursed as to which the Owner Trustee is entitled to be so paid or reimbursed pursuant to the provisions hereof or of the other Operative Documents shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the holding, application or distribution thereof is contained in the Lease or any of the other Operative Documents Document shall be held, applied and or distributed in accordance with the terms of the Lease or such other Operative Document; and third, the balance, if any, shall be paid to Owner Participant. Nothing herein is intended to limit or restrict the payment of the Security Deposit to the Owner Participant.

Appears in 2 contracts

Samples: Letter Agreement (American Airlines, Inc.), Letter Agreement (American Airlines Inc)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereofExcept as otherwise provided in subsections (b) and (c), all Basic Rent, Supplemental Rent, insurance proceeds and requisition, indemnity or other payments of any payment of the type referred to kind, in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified each case included in Section 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made hereinreceived by Owner Trustee, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to pay or reimburse the Owner Trustee for any fees or expenses not otherwise paid or reimbursed as to which the Owner Trustee is entitled to be so paid or reimbursed pursuant to the provisions hereof or of the other Operative Documents shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the holding, application or distribution thereof is contained in the Lease or any of the other Operative Documents Document shall be held, applied and or distributed in accordance with the terms of the Lease or such other Operative Document; and third, the balance, if any, shall be paid to Owner Participant. Nothing herein is intended to limit or restrict the payment of the Security Deposit to the Owner Participant.. LA 1 – Trust Agreement [Trust Agreement ([Year] MSN [MSN])]

Appears in 2 contracts

Samples: Lease Agreement (American Airlines, Inc.), Lease Agreement (Amr Corp)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Loan Trustee other than as specified in Section 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents shall be applied and distributed in accordance with the terms of the Lease or such other Operative Document; and third, the balance, if any, shall be paid to the Owner Participant.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof or defeased pursuant to Section 10.05 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified in Section 4.01(d4.01(c) or (d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed by the Owner Participant pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents Agreements shall be applied and distributed in accordance with the terms of the Lease or such other Operative DocumentAgreement; and third, the balance, if any, shall be paid to the Owner Participant.

Appears in 1 contract

Samples: Trust Agreement (Southwest Airlines Co)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified in Section 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; secondSECOND, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents shall be applied and distributed in accordance with the terms of the Lease or such other Operative Document; and thirdTHIRD, the balance, if any, shall be paid to the Owner Participant.

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Corp)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified in Section 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents shall be applied and distributed in accordance with the terms of the Lease or such other Operative Document; and third, the balance, if any, shall be paid to the Owner ParticipantTrustor.

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Corp)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof 4.2.1 (other than Excluded Payments) received by the Owner Trustee, any payments payment received from the Indenture Trustee Mortgagee (other than as specified in Section 4.01(dExcluded Payments) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, in this Trust Agreement shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained TRUST AGREEMENT BASE 383 5 by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents Agreements shall be applied and distributed in accordance with the terms of the Lease or such other Operative DocumentAgreement; and third, the balance, if any, shall be paid to the Owner Participant.

Appears in 1 contract

Samples: Lease Agreement (Continental Airlines Inc /De/)

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Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof or defeased pursuant to Section 10.05 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified in Section 4.01(d4.01(c) or (d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed by the Owner Participant pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents shall be applied and distributed in accordance with the terms of the Lease or such other Operative Document; and third, the balance, if any, shall be paid to the Owner Participant.so

Appears in 1 contract

Samples: Trust Agreement (Southwest Airlines Co)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified in Section 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents shall be applied and distributed in accordance with the terms of the Lease or such other Operative Document; and third, the balance, if any, shall be paid to the Owner Participant.. (c)

Appears in 1 contract

Samples: Trust Agreement (Northwest Airlines Corp)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof 4.2.1 (other than Excluded Payments) received by the Owner Trustee, any payments payment received from the Indenture Trustee Mortgagee (other than as specified in Section 4.01(dExcluded Payments) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, in this Trust Agreement shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: firstFIRST, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed (after demand for payment pursuant to Section 9.2 of the Participation Agreement) as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; secondSECOND, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents Agreements shall be applied and distributed in accordance with the terms of the Lease or such other Operative DocumentAgreement; and thirdTHIRD, the balance, if any, shall be paid to the Owner Participant.

Appears in 1 contract

Samples: Trust Agreement (Continental Airlines Inc /De/)

Payments to Owner Trustee; Other Parties. After the Trust Indenture Security Agreement shall have been discharged pursuant to Section 10.01 11.5 thereof, any payment of the type referred to in Section SECTION 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Lender or Security Trustee other than as specified in Section SECTION 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: firstFIRST, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; secondSECOND, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents Agreements shall be applied and distributed in accordance with the terms of the Lease or such other Operative DocumentAgreement, to the extent such remainder was not previously paid pursuant to the terms of such other Operative Agreements; and thirdTHIRD, the balance, if any, shall be paid to the Owner Participant.

Appears in 1 contract

Samples: Lease Agreement (Republic Airways Holdings Inc)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof or defeased pursuant to Section 10.05 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified in Section 4.01(d4.01(c) or (d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order TRUST AGREEMENT [N396SW] -4- 10 of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed by the Owner Participant pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents Agreements shall be applied and distributed in accordance with the terms of the Lease or such other Operative DocumentAgreement; and third, the balance, if any, shall be paid to the Owner Participant.

Appears in 1 contract

Samples: Trust Agreement (Southwest Airlines Co)

Payments to Owner Trustee; Other Parties. After the Trust Indenture shall have been discharged pursuant to Section 10.01 thereof, any payment of the type referred to in Section 4.01(a) hereof (other than Excluded Payments) received by the Owner Trustee, any payments received from the Indenture Trustee other than as specified in Section 4.01(d) hereof and any other amount received as part of the Trust Estate and for the application or distribution of which no provision is made herein, shall be distributed forthwith upon receipt by the Owner Trustee in the following order of priority: first, so much of such payment as shall be required to reimburse the Owner Trustee for any expenses not otherwise reimbursed as to which the Owner Trustee is entitled to be so reimbursed pursuant to the provisions hereof shall be retained by the Owner Trustee; second, so much of the remainder for which provision as to the application thereof is contained in the Lease or any of the other Operative Documents shall be applied and distributed in accordance with the terms of the Lease or such other Operative Document; and third, the balance, if any, shall be paid to the Owner Participant.and

Appears in 1 contract

Samples: Trust Agreement (United Air Lines Inc)

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