Common use of Redemption of Certificates upon Certain Events Clause in Contracts

Redemption of Certificates upon Certain Events. (a) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date plus, in the case of the Series SWA 1995 Trust N605SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation Agreement. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates shall be redeemed on the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option Date pursuant to Section 18.2(b) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03). In the case of any Series SWA 1995 Trust N605SW-I Certificate, the Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Date, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In the case of any Series SWA 1995 Trust N605SW Certificate, such Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such Redemption Date together with an amount equal to the accrued but unpaid interest thereon and, in the case of each Certificate redeemed prior to the Premium Termination Date applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 Trust N605SW-I Certificates may be refinanced in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 Trust N605SW Certificates may be refinanced if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 Trust N605SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.

Redemption of Certificates upon Certain Events. (ai) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 10(a)(ii) of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date. (ii) If there shall be an Event of Loss to any Engine under circumstances in which there has not occurred an Event of Loss with respect to the Airframe and, as a result of such an Event of Loss, the Owner Participant elects to receive payment for such Engine from the Company pursuant to Section 10(b) of the Lease, a portion of the principal of each Outstanding Certificate equal to the product obtained by multiplying the unpaid principal amount of such Certificate on the Redemption Date plusapplicable to such partial redemption (assuming, only for the purposes of this calculation, that, if such Redemption Date is coincident with a Maturity Date or an Installment Payment Date, the scheduled principal payment due on such Redemption Date is paid prior to the time the Redemption Price is calculated pursuant to this Section 6.01(a)(ii) and applied to principal in accordance with Section 3.03) by _________________ shall be redeemed on such Redemption Date. The Redemption Price for each such Certificate shall be the sum of such portion of principal being redeemed plus the amount of interest accrued and unpaid to such Redemption Date on the principal amount of such Certificate to be redeemed on such Redemption Date (assuming, only for the purposes of this calculation, that, if such Redemption Date is coincident with an Interest Payment Date, the interest due on such Interest Payment Date is paid prior to the time such Redemption Price is calculated pursuant to this Section 6.01(a)(ii) and applied to interest in accordance with Section 3.03); provided that each Certificate shall receive, as to the principal thereof, the same portion of such Redemption Price as the principal value of such Certificate at such Redemption Date represents of the total principal value of all Certificates Outstanding at such Redemption Date. Upon the occurrence of any partial redemption or redemptions pursuant to the preceding sentence the principal amount of each Outstanding Certificate shall be adjusted to take account of any such partial redemption or redemptions, and the Installment Payment Percentages applicable to any Installment Certificates issued hereunder shall be adjusted as provided for in the case of the Series SWA 1995 Trust N605SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation Agreementdefinition thereof. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates shall be redeemed on the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option Date pursuant to Section 18.2(b) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03). In the case of any Series SWA 1995 Trust N605SW-I Certificate, the Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Date, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In the case of any Series SWA 1995 Trust N605SW Certificate, such Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such Redemption Date together with an amount equal to the accrued but unpaid interest thereon and, in the case of each Certificate redeemed prior to the Premium Termination Date applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 Trust N605SW-I Certificates may be refinanced in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 Trust N605SW Certificates may be refinanced if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 Trust N605SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.

Redemption of Certificates upon Certain Events. (a) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 10(a)(ii) of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date plus, in the case of the Series SWA 1995 Trust N605SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation AgreementDate. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates If (i) the Lease shall be redeemed on terminated by the Company at its option pursuant to Section 9(b) of the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option EBO Date pursuant to Section 18.2(b19(b)(1) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03)8 of the Participation Agreement) or (ii) the Owner Trustee or the Owner Participant shall have given notice of redemption or purchase to the Indenture Trustee pursuant to Section 8.03(e)(ii) at any time after one or more Lease Events of Default shall have occurred and be continuing for a period of 180 days or more but less than one year and the Certificates shall not have been accelerated, each Outstanding Certificate shall be redeemed or purchased in whole on the Redemption Date and at the Redemption Price determined below. In Prior to the case of any Series SWA 1995 Trust N605SW-I Premium Termination Date applicable to such Certificate, the Redemption Price therefor applicable to a redemption or purchase pursuant to this Section 6.01(b) shall be equal to the unpaid principal an amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Datewhich an Independent Investment Banker (or, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In in the case of any Series SWA 1995 Trust N605SW Certificatethe deposit of estimated premium pursuant to Section 8.03(e)(ii), such Redemption Price therefor shall the Owner Trustee) determines to be equal to the greater of (x) the unpaid principal amount of such Certificate as at such Redemption Date together (assuming, only for the purposes of this calculation, that, if such Redemption Date is coincident with an Interest Payment Date, the interest due on such Interest Payment Date is paid prior to the time such Redemption Price is calculated pursuant to this Section 6.01(b) and applied to interest in accordance with Section 3.03) with an amount equal to the interest accrued but unpaid interest thereon and, from the immediately preceding Interest Payment Date to such Redemption Date and (y) the present value (computed in the case of each Certificate redeemed prior accordance with generally accepted financial practices on a semiannual basis at a discount rate equal to the Premium Termination Date Treasury Yield applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case Certificate as of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 Trust N605SW-I Certificates may be refinanced in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 Trust N605SW Certificates may be refinanced if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 Trust N605SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.such

Redemption of Certificates upon Certain Events. (a) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date plus, in the case of the Series SWA 1995 Trust N605SWN603SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation Agreement. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates shall be redeemed on the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option Date pursuant to Section 18.2(b) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03). In the case of any Series SWA 1995 Trust N605SWN603SW-I Certificate, the Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Date, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In the case of any Series SWA 1995 Trust N605SW N603SW Certificate, such Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such Redemption Date together with an amount equal to the accrued but unpaid interest thereon and, in the case of each Certificate redeemed prior to the Premium Termination Date applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 Trust N605SWN603SW-I Certificates may be refinanced in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 Trust N605SW N603SW Certificates may be refinanced if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 Trust N605SWN603SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.

Redemption of Certificates upon Certain Events. (a) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date plus, in the case of the Series SWA 1995 Trust N605SWN396SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation Agreement. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates shall be redeemed on the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option Date pursuant to Section 18.2(b) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03). In the case of any Series SWA 1995 Trust N605SWN396SW-I Certificate, the Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Date, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In the case of any Series SWA 1995 Trust N605SW N396SW Certificate, such Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such Redemption Date together TRUST INDENTURE AND SECURITY AGREEMENT [N396SW] -27- 34 with an amount equal to the accrued but unpaid interest thereon and, in the case of each Certificate redeemed prior to the Premium Termination Date applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 Trust N605SWN396SW-I Certificates may be refinanced in whole in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 Trust N605SW N396SW Certificates may be refinanced refinanced, in whole or in part, if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 Trust N605SWN396SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.

Redemption of Certificates upon Certain Events. (a) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date plus, in the case of the Series SWA 1995 Trust N605SWN397SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation Agreement. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates shall be redeemed on the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option Date pursuant to Section 18.2(b) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03). In the case of any Series SWA 1995 Trust N605SWN397SW-I Certificate, the Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Date, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In the case of any Series SWA 1995 Trust N605SW N397SW Certificate, such Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such Redemption Date together TRUST INDENTURE AND SECURITY AGREEMENT [N397SW] -27- 34 with an amount equal to the accrued but unpaid interest thereon and, in the case of each Certificate redeemed prior to the Premium Termination Date applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 Trust N605SWN397SW-I Certificates may be refinanced in whole in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 Trust N605SW N397SW Certificates may be refinanced refinanced, in whole or in part, if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 Trust N605SWN397SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.

Redemption of Certificates upon Certain Events. (a) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date plus, in the case of the Series SWA 1995 1996 Trust N605SWN620SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation Agreement. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates shall be redeemed on the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option Date pursuant to Section 18.2(b) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03). In the case of any Series SWA 1995 1996 Trust N605SWN620SW-I Certificate, the Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Date, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In the case of any Series SWA 1995 1996 Trust N605SW N620SW Certificate, such Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such Redemption Date together with an amount equal to the accrued but unpaid interest thereon and, in the case of each Certificate redeemed prior to the Premium Termination Date applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 1996 Trust N605SWN620SW-I Certificates may be refinanced in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 1996 Trust N605SW N620SW Certificates may be refinanced if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall TRUST INDENTURE AND SECURITY AGREEMENT [N620SW] -26- 33 have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 1996 Trust N605SWN620SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.

Redemption of Certificates upon Certain Events. (a) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date plus, in the case of the Series SWA 1995 Trust N605SWN604SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation Agreement. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates shall be redeemed on the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option Date pursuant to Section 18.2(b) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03). In the case of any Series SWA 1995 Trust N605SWN604SW-I Certificate, the Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Date, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In the case of any Series SWA 1995 Trust N605SW N604SW Certificate, such Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such Redemption Date together with an amount equal to the accrued but unpaid interest thereon and, in the case of each Certificate redeemed prior to the Premium Termination Date applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 Trust N605SWN604SW-I Certificates may be refinanced in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 Trust N605SW N604SW Certificates may be refinanced if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 Trust N605SWN604SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.

Redemption of Certificates upon Certain Events. (a) If there shall be an Event of Loss to the Aircraft and the Aircraft is not replaced pursuant to Section 10.1.2 of the Lease, each Outstanding Certificate shall be redeemed in whole at a Redemption Price equal to 100% of the outstanding principal amount of such Certificate plus accrued and unpaid interest thereon to but excluding the applicable Redemption Date plus, in the case of the Series SWA 1995 Trust N605SWN602SW-I Certificates, Break Amount, if any, and all other amounts payable to the Holders hereunder or under the Participation Agreement. The Redemption Date for Certificates to be redeemed pursuant to this Section 6.01(a) shall be the Lease Loss Payment Date. No Premium shall be paid in the case of a redemption pursuant to any provision of this Section 6.01(a). (b) The Certificates shall be redeemed on the Lease Termination Date or upon the purchase of the Aircraft by the Company at its option on the Special Purchase Option Date pursuant to Section 18.2(b) of the Lease (unless the Company shall have elected to assume the rights and obligations of the Owner Trustee hereunder to the extent and as provided for in Section 7.03). In the case of any Series SWA 1995 Trust N605SWN602SW-I Certificate, the Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such date plus accrued and unpaid interest thereon to but excluding the Redemption Date, the Break Amount, if any, and all other amounts payable to the Holder thereof hereunder or under any other Operative Agreement, but without any other premium or penalty. In the case of any Series SWA 1995 Trust N605SW N602SW Certificate, such Redemption Price therefor shall be equal to the unpaid principal amount of such Certificate as at such Redemption Date together with an amount equal to the accrued but unpaid interest thereon and, in the case of each Certificate redeemed prior to the Premium Termination Date applicable to such Certificate, the Premium, if any. The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date. (i) The Series SWA 1995 Trust N605SWN602SW-I Certificates may be refinanced in accordance with the provisions of Article 15 hereof and Sections 17 and 18 of the Participation Agreement and (ii) the Series SWA 1995 Trust N605SW N602SW Certificates may be refinanced if all the conditions to such refunding or refinancing set forth in Section 17 of the Participation Agreement shall have been satisfied. In any such event, each Outstanding Certificate may be so refinanced at a Redemption Price determined in accordance with the procedures described above in Section 6.01(b); provided, however, that the applicable Redemption Date for the Series SWA 1995 Trust N605SWN602SW-I Certificates to be refinanced pursuant to clause (i) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement or the Section 18 Refinancing Date under Section 18 of the Participation Agreement, as the case may be, and the applicable Redemption Date for Certificates to be redeemed pursuant to clause (ii) of this Section 6.01(c) shall be the applicable Refinancing Date under Section 17 of the Participation Agreement.