Common use of Postponement of Delivery and Funding Clause in Contracts

Postponement of Delivery and Funding. If, on the Funding Date for any New Delivery Aircraft, the financing of such New Delivery Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof. Promptly after the Company has identified a new Funding Date on which such New Delivery Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Notice specifying such new Funding Date for such New Delivery Aircraft. Upon receipt of any such substitute Funding Notice, each Pass Through Trustee of each Pass Through Trust then in existence shall comply with its obligations under Section 7.01 of the applicable Trust Supplement and thereafter the financing of such New Delivery Aircraft, as specified in such substitute Funding Notice, shall take place on the re-scheduled Funding Date therefor (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements) unless further postponed as provided herein.

Appears in 4 contracts

Samples: Note Purchase Agreement (American Airlines Inc), Note Purchase Agreement (American Airlines Inc), Note Purchase Agreement (American Airlines Inc)

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Postponement of Delivery and Funding. If, on the Funding Date for any New Delivery Aircraft, the financing of such New Delivery Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof. Promptly after the Company has identified a new Funding Date on which such New Delivery Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Notice specifying such new Funding Date for such New Delivery Aircraft. Upon receipt of any such substitute Funding Notice, each Pass Through Trustee of each Pass Through Trust then in existence shall comply with its obligations under Section 7.01 of the applicable Trust Supplement and thereafter the financing of such New Delivery Aircraft, as specified in such substitute Funding Notice, shall take place on the re-scheduled Funding Date therefor (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements) unless further postponed as provided herein.

Appears in 4 contracts

Samples: Note Purchase Agreement (Delta Air Lines Inc /De/), Note Purchase Agreement (Delta Air Lines Inc /De/), Note Purchase Agreement (Amr Corp)

Postponement of Delivery and Funding. If, on the Funding Date for any New Delivery Pre-Funded Aircraft, the financing of such New Delivery Pre-Funded Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof. Promptly after the Company has identified a new Funding Date on which such New Delivery Pre-Funded Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Notice specifying such new Funding Date for such New Delivery Pre-Funded Aircraft. Upon receipt of any such substitute Funding Notice, each Pass Through Trustee of each Pass Through Trust then in existence shall comply with its obligations under Section 7.01 of the applicable Trust Supplement and thereafter the financing of such New Delivery Pre-Funded Aircraft, as specified in such substitute Funding Notice, shall take place on the re-scheduled Funding Date therefor (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements) unless further postponed as provided herein.

Appears in 2 contracts

Samples: Note Purchase Agreement (American Airlines Inc), Note Purchase Agreement (American Airlines Inc)

Postponement of Delivery and Funding. If, on the Funding Date for any New Delivery Aircraft, the financing of such New Delivery Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof. Promptly after the Company has identified a new Funding Date on which such New Delivery Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Notice specifying such new Funding Date for such New Delivery Aircraft. Upon receipt of any such substitute Funding Notice, each the Pass Through Trustee of each Pass Through Trust then in existence shall comply with its obligations under Section 7.01 of the applicable Trust Supplement and thereafter the financing of such New Delivery Aircraft, as specified in such substitute Funding Notice, shall take place on the re-scheduled Funding Date therefor (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements) unless further postponed as provided herein.

Appears in 2 contracts

Samples: Note Purchase Agreement (American Airlines Inc), Note Purchase Agreement (Amr Corp)

Postponement of Delivery and Funding. If, on the Funding Date for any New Delivery Pre-Funded Aircraft, the financing of such New Delivery Pre-Funded Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof. Promptly after the Company has identified a new Funding Date on which such New Delivery Pre-Funded Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Notice specifying such new Funding Date for such New Delivery Pre-Funded Aircraft. Upon receipt of any such substitute Funding Notice, each Pass Through Trustee of each Pass Through Trust then in existence shall comply with its obligations under Section 7.01 of the applicable Trust Supplement and thereafter the financing of such New Delivery Pre-Funded Aircraft, as specified in such substitute Funding Notice, shall take place on the re-scheduled Funding Date therefor (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements) unless further postponed as provided herein.

Appears in 1 contract

Samples: Note Purchase Agreement (Delta Air Lines Inc /De/)

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Postponement of Delivery and Funding. If, on the Funding Scheduled Delivery Date for any New Delivery Aircraft, the financing of such New Delivery Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof. Promptly after the Company has identified a new Funding Scheduled Delivery Date on which such New Delivery Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable relevant Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Delivery Notice specifying such new Funding Date for such New Scheduled Delivery AircraftDate. Upon receipt of any such substitute Funding Delivery Notice, each Pass Through Trustee of each Pass Through Trust then in existence shall comply with its obligations under Section 7.01 of each of the applicable Trust Supplement Supplements and thereafter the financing of such New Delivery Aircraft, as specified in such substitute Funding Delivery Notice, shall take place on the re-scheduled Funding Scheduled Delivery Date therefor (all on and subject to the terms and conditions hereof and of the applicable relevant Financing Agreements) unless further postponed as provided herein.

Appears in 1 contract

Samples: Note Purchase Agreement (Delta Air Lines Inc /De/)

Postponement of Delivery and Funding. If, on the Funding Date for any New Delivery Aircraft, the financing of such New Delivery Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof. Promptly after the Company has identified a new Funding Date on which such New Delivery Aircraft may be subjected to the financing as provided herein (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements), the Company shall give the parties hereto and the Depositary a substitute Funding Notice specifying such new Funding Date for such New Delivery Aircraft. Upon receipt of any such substitute Funding Notice, each Pass Through Trustee of each Pass Through Trust then in existence shall comply with its obligations under Section 7.01 of the applicable Trust Supplement and thereafter the financing of such New Delivery Aircraft, as specified in such substitute Funding Notice, shall take place on the re-scheduled Funding Date therefor (all on and subject to the terms and conditions hereof and of the applicable Financing Agreements) unless further postponed as provided herein.

Appears in 1 contract

Samples: Note Purchase Agreement (American Airlines Inc)

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