Common use of Purchase Rights of Certificateholders Clause in Contracts

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 days’ written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).

Appears in 20 contracts

Samples: Trust Agreement (Us Airways Inc), Trust Agreement (Us Airways Inc), Trust Agreement (Us Airways Inc)

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Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, if the Class A-2 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A A-2 Trust Agreement, all, but not less than all, of the Class A A-2 Certificates upon 15 ten days' written notice to the Class A A-2 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided PROVIDED that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-2 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-2 Certificates pursuant to this Section 4.01(a).

Appears in 8 contracts

Samples: Trust Supplement No (Continental Airlines Inc /De/), Agreement (Continental Airlines Inc /De/), Trust Supplement No (Continental Airlines Inc /De/)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, if the Class A-1 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A A-1 Trust Agreement, all, but not less than all, of the Class A A-1 Certificates upon 15 ten days' written notice to the Class A A-1 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided PROVIDED that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-1 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-1 Certificates pursuant to this Section 4.01(a).

Appears in 8 contracts

Samples: Assignment and Assumption Agreement (Continental Airlines Inc /De/), Trust Supplement (Continental Airlines Inc /De/), Assignment and Assumption Agreement (Continental Airlines Inc /De/)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A-2 Certificates pursuant to the Class A-1 Trust Agreement or any purchase of the Class A-1 Certificates pursuant to the Class A-2 Trust Agreement) to purchase, for the purchase price set forth in the Class A A-1 Trust Agreement and the Class A-2 Trust Agreement, respectively, all, but not less than all, of the Class A A-1 Certificates and the Class A-2 Certificates upon 15 ten days' written notice to the Class A A-1 Trustee, the Class A-2 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided PROVIDED that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-1 Certificates and the Class A-2 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-1 Certificates and the Class A-2 Certificates pursuant to this Section 4.01(a).

Appears in 7 contracts

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

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase price prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 days’ written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a).

Appears in 6 contracts

Samples: Trust Agreement (Us Airways Inc), Trust Agreement (Us Airways Inc), Trust Supplement (Us Airways Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 days’ written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in BACK such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).

Appears in 3 contracts

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

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A-2 Certificates pursuant to the Class A-1 Trust Agreement or any purchase of the Class A-1 Certificates pursuant to the Class A-2 Trust Agreement) to purchase, for the purchase price set forth in the Class A A-1 Trust Agreement and the Class A-2 Trust Agreement, respectively, all, but not less than all, of the Class A A-1 Certificates and the Class A-2 Certificates upon 15 ten days' written notice to the Class A A-1 Trustee, the Class A-2 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided PROVIDED that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-1 Certificates and the Class A-2 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-1 Certificates and the Class A-2 Certificates pursuant to this Section 4.01(a).

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Continental Airlines Inc /De/), Continental Airlines Inc /De/

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase price prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 ten days' written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a).

Appears in 2 contracts

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

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Buy-Out Event, so long as no Additional Certificateholder has elected to exercise its rights to purchase Certificates pursuant to, and given notice of such election in accordance with, this Section 6.01 (upon such election and notification thereof, the right specified in this Section 6.01(a) shall be suspended and (x) upon consummation of the purchase pursuant to such election, be terminated with respect to such Certificate Buy-Out Event, or (y) upon failure to consummate such purchase on the proposed purchase date, such right shall be revived), each Applicable Class A Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A AA Trust Agreement, Agreement all, but not less than all, of the Class A AA Certificates upon 15 ten days’ prior written irrevocable notice to the Trustee, the Class A AA Trustee and each other Applicable Class A Certificateholder, on the third Business Day next following the expiry expiration of such 15ten-day notice period, provided that (A) if prior to the end of such 15ten-day period any other Applicable Certificateholder Class A Certificateholder(s) (other than the Company or any of its Affiliates) notifies such purchasing Applicable Class A Certificateholder that such other Applicable Certificateholder wants Class A Certificateholder(s) want(s) to participate in such purchase, then such other Applicable Certificateholder Class A Certificateholder(s) (other than the Company or any of its Affiliates) may join with the purchasing Applicable Class A Certificateholder to purchase all, but not less than all, of the Class A AA Certificates pro rata based on the Fractional Undivided Interest in the Applicable Class A Trust held by each such Applicable Class A Certificateholder and (B) if prior to the end upon consummation of such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable purchase no Class A Certificateholder shall lose its have a right to purchase the Class A AA Certificates pursuant to this Section 4.01(a).6.01(a) during the continuance of such Certificate Buy-Out Event;

Appears in 2 contracts

Samples: Through Trust Agreement (American Airlines Inc), Through Trust Agreement (American Airlines Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the agreements governing the Class B Trust) to purchase, for the purchase price set forth in Section 6.01(b) of the Class A Trust Basic Agreement, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 ten days' written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15-ten day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a).; and

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Continental Airlines Inc /De/), Continental Airlines Inc /De/

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in Section 6.01(b) of the Class A Trust Basic Agreement, all, but not less than all, of the Class A Certificates upon 15 ten days' written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15-ten day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).; and

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Continental Airlines Inc /De/), Continental Airlines Inc /De/

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 ten days' written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).; and

Appears in 2 contracts

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

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, Event (i) each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 days’ written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-15 day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-15 day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a4.01(a)(i).

Appears in 2 contracts

Samples: Through Trust Agreement (United Air Lines Inc), Intercreditor Agreement (United Air Lines Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase price prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 ten days' written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a).; and

Appears in 2 contracts

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

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, if the Class G-1 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A G-1 Trust Agreement, all, but not less than all, of the Class A G-1 Certificates upon 15 ten days' written notice to the Class A G-1 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided PROVIDED that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A G-1 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A G-1 Certificates pursuant to this Section 4.01(a).

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Continental Airlines Inc /De/), Continental Airlines Inc /De/

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in Section 7.01 of the Other Agreement relating to the Class A Trust AgreementCertificates, all, but not less than all, of the Class A Certificates upon 15 ten days' written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a7.01(a).

Appears in 2 contracts

Samples: Trust Supplement (Northwest Airlines Holdings Corp/Pred), Execution Copy (Northwest Airlines Holdings Corp/Pred)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, if the Class A-1 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A A-1 Trust Agreement, all, but not less than all, of the Class A A-1 Certificates upon 15 ten days' written notice to the Class A A-1 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided PROVIDED that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-1 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-1 Certificates pursuant to this Section 4.01(a).

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Continental Airlines Inc /De/), Continental Airlines Inc /De/

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase price prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 days’ written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-15 day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-15 day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a3.01(a).;

Appears in 2 contracts

Samples: Through Trust Agreement (Ual Corp /De/), Through Trust Agreement (United Air Lines Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates by the Class B Certificateholders) to purchase, for the purchase price set forth in Section 7.01 of the Other Agreement relating to the Class A Trust AgreementCertificates, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 ten days' written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a7.01(a).

Appears in 2 contracts

Samples: Execution Copy (Northwest Airlines Corp), Trust Supplement (Northwest Airlines Holdings Corp/Pred)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, if the Class A-2 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A A-2 Trust Agreement, all, but not less than all, of the Class A A-2 Certificates upon 15 ten days' written notice to the Class A A-2 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided PROVIDED that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-2 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-2 Certificates pursuant to this Section 4.01(a).

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Continental Airlines Inc /De/), Continental Airlines Inc /De/

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, if the Class G-2 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A G-2 Trust Agreement, all, but not less than all, of the Class A G-2 Certificates upon 15 ten days' written notice to the Class A G-2 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided PROVIDED that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A G-2 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A G-2 Certificates pursuant to this Section 4.01(a).

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Continental Airlines Inc /De/), Continental Airlines Inc /De/

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 ten days' written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).Certificates;

Appears in 1 contract

Samples: Atlas Air Inc

Purchase Rights of Certificateholders. Section 3.01. (ai) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, each Applicable Series 1996-1E Trust Supplement 6 6 Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the (which shall not expire upon any purchase price set forth in of the Class A Certificates pursuant to the Class B Trust Agreement, the purchase of the Class A Certificates and the Class B Certificates pursuant to the Class C Trust Agreement or the purchase of the Class A Certificates, the Class B Certificates and the Class C Certificates pursuant to the Class D Trust Agreement) to purchase all, but not less than all, of the Class A Certificates, the Class B Certificates, the Class C Certificates and the Class D Certificates upon 15 ten days' written notice to the Class A Trustee, the Class B Trustee, the Class C Trustee, the Class D Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-ten day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates, the Class B Certificates, the Class C Certificates and the Class D Certificates pro rata based on the Fractional Undivided Interest in outstanding principal amount of the Applicable Trust Certificates held by each such Applicable Certificateholder and (B) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates, the Class B Certificates, the Class C Certificates and the Class D Certificates pursuant to this Section 4.01(a)and Section 6.01(b) of the Basic Agreement.

Appears in 1 contract

Samples: America West Airlines Inc

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, if the Class A-2 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A A-2 Trust Agreement, all, but not less than all, of the Class A A-2 Certificates upon 15 ten days' written notice to the Class A A-2 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-2 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-2 Certificates pursuant to this Section 4.01(a).

Appears in 1 contract

Samples: Southwest Airlines Co

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 days' written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).;

Appears in 1 contract

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

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Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 days’ written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of Back such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (United Airlines, Inc.)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase price prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 days’ written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-15 day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-15 day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a).

Appears in 1 contract

Samples: Trust Agreement (American Airlines Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 days’ written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-15 day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-15 day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a3.01(a).. [Trust Supplement No. 2007-1B]

Appears in 1 contract

Samples: Through Trust Agreement (Ual Corp /De/)

Purchase Rights of Certificateholders. (a) At any time after (i) After the occurrence and during the continuation of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 ten days' prior written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest fractional undivided interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a8.01(a).; and

Appears in 1 contract

Samples: Northwest Airlines Inc /Mn

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, if the Class A-1 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A A-1 Trust Agreement, all, but not less than all, of the Class A A-1 Certificates upon 15 ten days' written notice to the Class A A-1 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-1 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-1 Certificates pursuant to this Section 4.01(a).

Appears in 1 contract

Samples: Atlas Air Inc

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 days’ written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of BACK such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hawaiian Holdings Inc)

Purchase Rights of Certificateholders. (a) At By acceptance of its Applicable Certificate, each Applicable Certificateholder agrees that at any time after the occurrence and during the continuation of a Certificate Buyout Event, Event (i) each Applicable Class B Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Applicable Certificates upon 15 days’ written notice to the Class A Trustee and each other Applicable Class B Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-15 day period any other Applicable Class B Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Class B Certificateholder that such other Applicable Class B Certificateholder wants to participate in such purchase, then such other Applicable Class B Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Class B Certificateholder to purchase all, but not less than all, of the Class A Applicable Certificates pro rata based on the Fractional Undivided Interest in the Applicable Class B Trust held by each such Applicable Class B Certificateholder and (B) if prior to the end of such 15-15 day period any other Applicable Class B Certificateholder fails to notify the purchasing Applicable Class B Certificateholder of such other Applicable Class B Certificateholder’s desire to participate in such a purchase, then such other Applicable Class B Certificateholder shall lose its right to purchase the Class A Applicable Certificates pursuant to this Section 4.01(a4.01(a)(i).;

Appears in 1 contract

Samples: Through Trust Agreement (United Air Lines Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A-2 Certificates pursuant to the Class A-1 Trust Agreement or any purchase of the Class A-1 Certificates pursuant to the Class A-2 Trust Agreement) to purchase, for the purchase price set forth in the Class A A-1 Trust Agreement and the Class A-2 Trust Agreement, respectively, all, but not less than all, of the Class A A-1 Certificates and the Class A-2 Certificates upon 15 ten days' written notice to the Class A A-1 Trustee, the Class A-2 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-1 Certificates and the Class A-2 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-1 Certificates and the Class A-2 Certificates pursuant to this Section Seciton 4.01(a).

Appears in 1 contract

Samples: Trust Supplement (Atlas Air Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase price prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 days' written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a).;

Appears in 1 contract

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

Purchase Rights of Certificateholders. (a) At By acceptance of its Applicable Certificate, each Applicable Certificateholder agrees that at any time after the occurrence and during the continuation of a Certificate Buyout Event, : (i) each Applicable Class B Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Applicable Certificates upon 15 days’ written notice to the Class A Trustee and each other Applicable Class B Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-15 day period any other Applicable Class B Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Class B Certificateholder that such other Applicable Class B Certificateholder wants to participate in such purchase, then such other Applicable Class B Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Class B Certificateholder to purchase all, but not less than all, of the Class A [Trust Supplement No. 2009-2A-O] Applicable Certificates pro rata based on the Fractional Undivided Interest in the Applicable Class B Trust held by each such Applicable Class B Certificateholder and (B) if prior to the end of such 15-15 day period any other Applicable Class B Certificateholder fails to notify the purchasing Applicable Class B Certificateholder of such other Applicable Class B Certificateholder’s desire to participate in such a purchase, then such other Applicable Class B Certificateholder shall lose its right to purchase the Class A Applicable Certificates pursuant to this Section 4.01(a4.01(a)(i).;

Appears in 1 contract

Samples: Intercreditor Agreement (United Air Lines Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase price prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 ten days' written notice to the Class A Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a3.01(a).

Appears in 1 contract

Samples: Aircraft Aircraft (Continental Airlines Inc /De/)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Triggering Event, if the Class A-1 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A A-1 Trust Agreement, all, but not less than all, of the Class A A-1 Certificates upon 15 ten days' written notice to the Class A A-1 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-1 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-1 Certificates pursuant to this Section 4.01(a).

Appears in 1 contract

Samples: Southwest Airlines Co

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, if the Class A-2 Trustee is then the Controlling Party, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A A-2 Trust Agreement, all, but not less than all, of the Class A A-2 Certificates upon 15 ten days' written notice to the Class A A-2 Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A A-2 Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A A-2 Certificates pursuant to this Section 4.01(a).

Appears in 1 contract

Samples: Trust Supplement (Atlas Air Inc)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation of a Certificate Buyout Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right to purchase, for the purchase price set forth in the Class A Trust Agreement, all, but not less than all, of the Class A Certificates upon 15 days' written notice to the Class A Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (A) if prior to the end of such 15-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (B) if prior to the end of such 15-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates pursuant to this Section 4.01(a).; BACK

Appears in 1 contract

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

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class G Certificates by the Class B Certificateholders) to purchase, for the purchase price set forth in Section 7.01 of the Other Agreement relating to the Class A Trust AgreementG Certificates, all, but not less than all, of the Class A G Certificates and the Class B Certificates upon 15 ten days' written notice to the Class A G Trustee, the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A G Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A G Certificates and the Class B Certificates pursuant to this Section 4.01(a7.01(a).

Appears in 1 contract

Samples: Basic Agreement (Northwest Airlines Inc /Mn)

Purchase Rights of Certificateholders. (a) At any time after the occurrence and during the continuation continuance of a Certificate Buyout Triggering Event, each Applicable Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to the Class B Trust Agreement) to purchase, for the purchase price prices set forth in the Class A Trust Agreement and the Class B Trust Agreement, respectively, all, but not less than all, of the Class A Certificates and the Class B Certificates upon 15 ten days' written notice to the Class A Trustee, and the Class B Trustee and each other Applicable Certificateholder, on the third Business Day next following the expiry of such 15-day notice period, provided that (Ai) if prior to the end of such 15ten-day period any other Applicable Certificateholder (other than the Company or any of its Affiliates) notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder (other than the Company or any of its Affiliates) may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the Fractional Undivided Interest in the Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such 15ten-day period any other Applicable Certificateholder fails to 13 -13- notify the purchasing Applicable Certificateholder of such other Applicable Certificateholder’s 's desire to participate in such a purchase, then such other Applicable Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 4.01(a).

Appears in 1 contract

Samples: Atlas Air Inc

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