Common use of Payments to Owner Trustee Clause in Contracts

Payments to Owner Trustee. Any amounts distributed ------------------------- hereunder by the Indenture Trustee to the Owner Trustee shall be paid to the Owner Trustee by wire transfer of immediately available funds of the type received by the Indenture Trustee at such office and to such account or accounts of such entity or entities as shall be designated by notice from the Owner Trustee to the Indenture Trustee from time to time. The Owner Trustee hereby notifies the Indenture Trustee that unless and until the Indenture Trustee receives notice to the contrary from the Owner Trustee, all amounts to be distributed to the Owner Trustee hereunder for distribution pursuant to or in accordance with the Trust Agreement shall be distributed by wire transfer of immediately available funds of the type received by the Indenture Trustee to the account designated on Schedule II to the Participation Agreement or such other account as the Owner Participant may specify from time to time by notice to the Indenture Trustee as may be specified pursuant to Section 4.02 of the Trust Agreement.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Midway Airlines Corp)

AutoNDA by SimpleDocs

Payments to Owner Trustee. Any amounts distributed ------------------------- hereunder by the Indenture Trustee to the Owner Trustee shall be paid no later than 2:00 p.m. New York time on the date of receipt thereof (so long as such amounts have been received by the Indenture Trustee in accordance with Section 3(d) of the Lease and the time periods specified therein) to the Owner Trustee by wire transfer of immediately available funds of the type received by the Indenture Trustee at such office and to such account or accounts of such entity or entities as shall be designated by notice from the Owner Trustee to the Indenture Trustee from time to time. The Owner Trustee hereby notifies the Indenture Trustee that unless and until the Indenture Trustee receives notice to the contrary from the Owner Trustee, all amounts to be distributed to the Owner Trustee hereunder for distribution pursuant to or in accordance with the Trust Agreement shall be distributed by wire transfer of immediately available funds of the type received by the Indenture Trustee to the such account designated on Schedule II to the Participation Agreement or such other account as of the Owner Participant may specify from time to time by notice to the Indenture Trustee as may be specified pursuant to Section 4.02 5.01 of the Trust Agreement.

Appears in 1 contract

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

Payments to Owner Trustee. Any amounts distributed hereunder ------------------------- hereunder by the Indenture Trustee to the Owner Trustee shall be paid to the Owner Trustee by wire transfer of immediately available funds of the type received by the Indenture Trustee at such office and to such account or accounts of such entity or entities as shall be designated by notice from the Owner Trustee to the Indenture Trustee from time to time. The Owner Trustee hereby notifies the Indenture Trustee that unless and until the Indenture Trustee receives notice to the contrary from the Owner Trustee, all amounts to be distributed to the Owner Trustee hereunder for distribution pursuant to or in accordance with the Trust Agreement shall be distributed by wire transfer of immediately available funds of the type received by the Indenture Trustee to the account designated on Schedule II to the Participation Agreement or such other account as the Owner Participant may specify from time to time by notice to the Indenture Trustee as may be specified pursuant to Section 4.02 of the Trust Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

AutoNDA by SimpleDocs

Payments to Owner Trustee. Any amounts distributed ------------------------- hereunder Whereunder by the Indenture Trustee to the Owner Trustee shall be paid to the Owner Trustee by wire transfer of immediately available funds of the type received by the Indenture Trustee at such office and to such account or accounts of such entity or entities as shall be designated by notice from the Owner Trustee to the Indenture Trustee from time to time. The Owner Trustee hereby notifies the Indenture Trustee that unless and until the Indenture Trustee receives notice to the contrary from the Owner Trustee, all amounts to be distributed to the Owner Trustee hereunder for distribution pursuant to clause "second" of Section 3.01(a) or in accordance with the Trust Agreement clause "sixth" of ------ ----- Section 3.03 shall be distributed by wire transfer of immediately available funds of the type received by the Indenture Trustee to the account designated on Schedule II to the Participation Participant Agreement under the heading "Owner Participant" or to such other account as the Owner Participant may specify from time to time by notice to the Indenture Trustee as may be specified pursuant to Section 4.02 of the Trust AgreementTrustee.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Midway Airlines Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.