Receipt Distribution and Application of Payments. SECTION 3.01. Basic Distributions Except as otherwise provided in Sections 3.02 and 3.03 hereof, each periodic payment of principal or interest on the Equipment Notes received by the Mortgagee shall be promptly distributed in the following order of priority:
Appears in 6 contracts
Samples: Note Purchase Agreement (United Airlines, Inc.), Trust Indenture And (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Receipt Distribution and Application of Payments. SECTION 3.01. Basic Distributions Except as otherwise provided in Sections 3.02 and 3.03 hereof, each periodic scheduled payment of principal or interest on the Equipment Notes received by the Mortgagee shall be promptly distributed in the following order of priority:
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
