Common use of Purchase Rights of Certificateholders Clause in Contracts

Purchase Rights of Certificateholders. (i) At any time after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder provided that (A) if prior to the end of such ten-day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of the Certificates held by each such Certificateholder and (B) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i).

Appears in 2 contracts

Samples: Trust Agreement (Midway Airlines Corp), Trust Agreement (Midway Airlines Corp)

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Purchase Rights of Certificateholders. (ia) At any time after the occurrence and during the continuation of a Triggering Certificate Buy-Out Event, each Class B Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any to purchase, at the purchase of price set forth in the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase , all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days’ prior written irrevocable notice to the Class A Trustee, the Class B A Trustee and each other Certificateholder Class B Certificateholder, on the third Business Day following the expiration of such ten-day notice period, provided that (A) if prior to the end of such ten-day period any other Certificateholder Class B Certificateholder(s) (other than the Company or any of its Affiliates) notifies such purchasing Class B Certificateholder that such other Certificateholder wants Class B Certificateholder(s) want(s) to participate in such purchase, then such other Certificateholder Class B Certificateholder(s) may join with the purchasing Class B Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates Class B Trust held by each such Class B Certificateholder and (B) if prior to the end upon consummation of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other purchase no Class B Certificateholder shall lose its have a right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i)6.01(a) during the continuance of such Certificate Buy-Out Event.

Appears in 2 contracts

Samples: Intercreditor Agreement (Delta Air Lines Inc /De/), Through Trust Agreement (Delta Air Lines Inc /De/)

Purchase Rights of Certificateholders. (ia) At any time after the occurrence and during the continuation of a Triggering Event, each Applicable Certificateholder shall have the right (which shall not expire upon any to purchase, for the purchase of price set forth in the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase , all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Applicable Certificateholder, provided that (Ai) if prior to the end of such ten-day period any other Applicable Certificateholder notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder 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 principal amount of Fractional Undivided Interest in the Certificates Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such ten-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 6.01(b)(i4.01(a).

Appears in 2 contracts

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

Purchase Rights of Certificateholders. (ia) At any time after the occurrence and during the continuation continuance of a Triggering Event, each Applicable Certificateholder shall have the right (which shall not expire upon any to purchase, for the purchase of the Class A Certificates pursuant to price set forth in Section 6.01(b)(i6.01(b) of the Class B Trust Basic Agreement) to purchase , all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Applicable Certificateholder, provided that (Ai) if prior to the end of such ten-day period any other Applicable Certificateholder notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder 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 principal amount of Fractional Undivided Interest in the Certificates Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such ten-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 6.01(b)(i4.01(a).

Appears in 2 contracts

Samples: Us Airways Inc, Us Airways Inc

Purchase Rights of Certificateholders. Section 3.01. (i) At any time after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Certificateholder, provided that (A) if prior to the end of such ten-ten day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the outstanding principal amount of the Certificates held by each such Certificateholder and (B) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i)and Section 6.01(b) of the Basic Agreement.

Appears in 2 contracts

Samples: America West Airlines Inc, America West Airlines Inc

Purchase Rights of Certificateholders. Section 3.01. (i) At any time after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) the Class B Trust Agreement or the purchase of the Class A Certificates and the Class B Certificates pursuant to the Class C Trust Agreement) to purchase all, but not less than all, of the Class A Certificates, the Class B Certificates and the Class B C Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee, the Class C Trustee and each other Certificateholder Certificateholder, provided that (A) if prior to the end of such ten-ten day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class A Certificates, the Class B Certificates and the Class B C Certificates pro rata based on the outstanding principal amount of the Certificates held by each such Certificateholder and (B) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates, Class B Certificates and the Class B C Certificates pursuant to this Section 6.01(b)(i)and Section 6.01(b) of the Basic Agreement.

Appears in 1 contract

Samples: America West Airlines Inc

Purchase Rights of Certificateholders. Section 3.01. (i) At any time after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Certificateholder, provided that (A) if prior to the end of such ten-ten day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Series 1996-1C Trust Supplement 7 7 Class A Certificates and the Class B Certificates pro rata based on the outstanding principal amount of the Certificates held by each such Certificateholder and (B) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i)and Section 6.01(b) of the Basic Agreement.

Appears in 1 contract

Samples: America West Airlines Inc

Purchase Rights of Certificateholders. (i) At any time after the occurrence and during the continuation continuance of a Triggering Event, each Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase, for the purchase 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 ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Certificateholder, provided that (Ai) if prior to the end of such ten-day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates Trust held by each such Certificateholder and (Bii) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i6.01(b).; and 39 -34-

Appears in 1 contract

Samples: Trust Agreement (America West Airlines Inc)

Purchase Rights of Certificateholders. (i) Section 3.01. At any time after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) the Class B Trust Agreement or the purchase of the Class A Certificates and the Class B Certificates pursuant to the Class C Trust Agreement) to purchase all, but not less than all, of the Class A Certificates, the Class B Certificates and the Class B C Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee, the Class C Trustee and each other Certificateholder Certificateholder, provided that (A) if prior to the end of such ten-ten day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class A Certificates, the Class B Certificates and the Class B C Certificates pro rata based on the outstanding principal amount of the Certificates held by each such Certificateholder and (B) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates, Class B Certificates and the Class B C Certificates pursuant to this Section 6.01(b)(i)and Section 6.01(b) of the Basic Agreement.

Appears in 1 contract

Samples: America West Airlines Inc

Purchase Rights of Certificateholders. (ia) At any time after the occurrence and during the continuation of a Triggering Event, each Class C Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement), to purchase, for the purchase price and otherwise in accordance with and subject to the provisions set forth in Section 6.01(b) to purchase of the Basic Agreement, all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee Trustee, and each other Certificateholder Class C Certificateholder, provided that (Ai) if prior to the end of such ten-day period any other Class C Certificateholder notifies such purchasing Class C Certificateholder that such other Class C Certificateholder wants to participate in such purchase, then such other Class C Certificateholder may join with the purchasing Class C Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates 1997-3C Trust held by each such Class C Certificateholder and (Bii) if prior to the end of such ten-day period any other Class C Certificateholder fails to notify the purchasing Class C Certificateholder of such other Class C Certificateholder's desire to participate in such a purchase, then such other Class C Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i)and Section 6.01(b) of the Basic Agreement.

Appears in 1 contract

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

Purchase Rights of Certificateholders. (ia) At any time after the occurrence and during the continuation of a Triggering Certificate Buy-Out Event, each Class B Certificateholder (other than the Company or any of its Affiliates) shall have the right (which shall not expire upon any to purchase, at the purchase of price and on the terms set forth in the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase , all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days’ prior written irrevocable notice to the Class A Trustee, the Class B A Trustee and each other Certificateholder Class B Certificateholder, on the third Business Day following the expiration of such ten-day notice period, provided that (A) if prior to the end of such ten-day period any other Certificateholder Class B Certificateholder(s) (other than the Company or any of its Affiliates) notifies such purchasing Class B Certificateholder that such other Certificateholder wants Class B Certificateholder(s) want(s) to participate in such purchase, then such other Certificateholder Class B Certificateholder(s) may join with the purchasing Class B Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates Class B Trust held by each such Class B Certificateholder and (B) if prior to the end upon consummation of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other purchase no Class B Certificateholder shall lose its have a right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i)6.01(a) during the continuance of such Certificate Buy-Out Event.

Appears in 1 contract

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

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Purchase Rights of Certificateholders. (i) At any time after the occurrence and during the continuation of a Triggering Event, each Certificateholder Holder of a Certificate or a Class C-I Certificate (a "Class C Certificateholder") shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Class C Certificateholder, provided that (A) if prior to the end of such ten-day period any other Class C Certificateholder notifies such purchasing Class C Certificateholder that such other Class C Certificateholder wants to participate in such purchase, then such other Class C Certificateholder may join with the purchasing Class C Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates Trust and Class C-I Trust, taken as a whole, held by each such Class C Certificateholder and (B) if prior to the end of such ten-day period any other Class C Certificateholder fails to notify the purchasing Class C Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i).C

Appears in 1 contract

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

Purchase Rights of Certificateholders. (i) At By acceptance of its Certificate, each Certificateholder agrees that at any time after the occurrence and during the continuation of a Triggering Event, : each Class B Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Class B Certificateholder, provided that (A) if prior to the end of such ten-day period any other Class B Certificateholder notifies such purchasing Class B Certificateholder that such other Class B Certificateholder wants to participate in such purchase, then such other Class B Certificateholder may join with the purchasing Class B Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates Class B Trust held by each such Class B Certificateholder and (B) if prior to the end of such ten-day period any other Class B Certificateholder fails to notify the purchasing Class B Certificateholder of such other Class B Certificateholder's desire to participate in such a purchase, then such other Class B Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i6.01(b).

Appears in 1 contract

Samples: Pass Through Trust Agreement (Atlantic Coast Airlines Inc)

Purchase Rights of Certificateholders. (i) At any time after the occurrence and during the continuation continuance of a Triggering Event, each Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase, for the purchase 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 ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Certificateholder, provided that (Ai) if prior to the end of such ten-day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates Trust held by each such Certificateholder and (Bii) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i6.01(b).; and 38 -33-

Appears in 1 contract

Samples: Through Trust Agreement (America West Airlines Inc)

Purchase Rights of Certificateholders. (ia) At any time after the occurrence and during the continuation continuance of a Triggering Event, each Applicable Certificateholder shall have the right (which shall not expire upon any to purchase, for the purchase price set forth in Section 7.01 of the Class A Certificates pursuant Other Agreement relating to Section 6.01(b)(i) of the Class B Trust Agreement) to purchase G Certificates, all, but not less than all, of the Class A Certificates and the Class B G Certificates upon ten days days' written notice to the Class A Trustee, the Class B G Trustee and each other Certificateholder Applicable Certificateholder, provided that (Ai) if prior to the end of such ten-day period any other Applicable Certificateholder notifies such purchasing Applicable Certificateholder that such other Applicable Certificateholder wants to participate in such purchase, then such other Applicable Certificateholder may join with the purchasing Applicable Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B G Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates Applicable Trust held by each such Applicable Certificateholder and (Bii) if prior to the end of such ten-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 G Certificates pursuant to this Section 6.01(b)(i7.01(a).

Appears in 1 contract

Samples: Northwest Airlines Inc /Mn

Purchase Rights of Certificateholders. (ia) At any time after the occurrence and during the continuation continuance of a Triggering Event, each Class B Certificateholder shall have the right (which shall not expire upon any to purchase, for the purchase of price and otherwise in accordance with and subject to the Class A Certificates pursuant to provisions set forth in Section 6.01(b)(i6.01(b) of the Class B Trust Basic Agreement) to purchase , all, but not less than all, of the Class A Certificates and the Class B Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee and each other Certificateholder Class B Certificateholder, provided that (Ai) if prior to the end of such ten-ten day period any other Class B Certificateholder notifies such purchasing Class B Certificateholder that such other Class B Certificateholder wants to participate in such purchase, then such other Class B Certificateholder may join with the purchasing Class B Certificateholder to purchase all, but not less than all, of the Class A Certificates and the Class B Certificates pro rata based on the principal amount of Fractional Undivided Interest in the Certificates 1997-3B Trust held by each such Class B Certificateholder and (Bii) if prior to the end of such ten-day period any other Class B Certificateholder fails to notify the purchasing Class B Certificateholder of such other Class B Certificateholder's desire to participate in such a purchase, then such other Class B Certificateholder shall lose its right to purchase the Class A Certificates and the Class B Certificates pursuant to this Section 6.01(b)(i).and Section 6.01(b) of the Basic Agreement; and

Appears in 1 contract

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

Purchase Rights of Certificateholders. Section 3.01. (i) At any time after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right (which shall not expire upon any purchase of the Class A Certificates pursuant to Section 6.01(b)(i) the Class B Trust Agreement or the purchase of the Class A Certificates and the Class B Certificates pursuant to the Class C Trust Agreement) to purchase all, but not less than all, of the Class A Certificates, the Class B Certificates and the Class B C Certificates upon ten days days' written notice to the Class A Trustee, the Class B Trustee, the Class C Trustee and each other Certificateholder Certificateholder, provided that (A) if prior to the end of such ten-ten day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class A Series 1996-1D Trust Supplement Certificates, the Class B Certificates and the Class B C Certificates pro rata based on the outstanding principal amount of the Certificates held by each such Certificateholder and (B) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class A Certificates, Class B Certificates and the Class B C Certificates pursuant to this Section 6.01(b)(i)and Section 6.01(b) of the Basic Agreement.

Appears in 1 contract

Samples: America West Airlines Inc

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