Common use of Redemption or Purchase of Certificates Upon Certain Indenture Events of Default Clause in Contracts

Redemption or Purchase of Certificates Upon Certain Indenture Events of Default. If the Owner Trustee shall have given notice of redemption or purchase to the Indenture Trustee pursuant to Section 8.03(e)(ii) each Outstanding Certificate shall be redeemed or purchased in whole at a Redemption Price equal to 100% of its principal amount plus accrued and unpaid TRUST INDENTURE AND SECURITY AGREEMENT [N605SW] -26- 33 interest thereon (including, without limitation, interest on overdue interest) to but excluding the applicable Redemption Date as determined below and all other amounts payable to the Holders hereunder or under the Participation Agreement and, in the case of the Series SWA 1995 Trust N605SW-I Certificate, the Break Amount, if any, and, in the case of the Series SWA 1995 Trust N605SW Certificates, if to be purchased or redeemed pursuant to Section 8.03(e)(ii)(A) prior to the 181st day after the first occurrence of the relevant Lease Event of Default, the Premium, if any. The Redemption Date for Certificates to be redeemed or purchased pursuant to this Section 6.02 shall be the date specified in the notice given by the Owner Trustee to the Indenture Trustee pursuant to Section 8.03(e)(ii) (provided, however, that in the case of the Series SWA 1995 Trust N605SW-I Certificates, if such date is the last day of the then current Interest Period therefor, no Break Amount shall be payable). If the Owner Trustee elects to purchase the Certificates under Section 8.03(e)(ii), nothing herein, including use of the terms "Redemption Date" and "Redemption Price" shall be deemed to result in a redemption of the Certificates.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)

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Redemption or Purchase of Certificates Upon Certain Indenture Events of Default. If the Owner Trustee shall have given notice of redemption or purchase to the Indenture Trustee pursuant to Section 8.03(e)(ii) ), each Outstanding Certificate shall be redeemed or purchased in whole at a Redemption Price equal to 100% of its principal amount plus accrued and unpaid TRUST INDENTURE AND SECURITY AGREEMENT [N605SW] -26- 33 interest thereon (including, without limitation, interest on overdue interest) to but excluding the applicable Redemption Date as determined below and all other amounts payable to the Holders hereunder or under the Participation Agreement and, in the case of the Series SWA 1995 Trust N605SWN396SW-I Certificate, the Break Amount, if any, and, in the case of the Series SWA 1995 Trust N605SW N396SW Certificates, if to be purchased or redeemed pursuant to Section 8.03(e)(ii)(A) prior to the 181st day after the first occurrence of the relevant Lease Event of Default, the Premium, if any. The Redemption Date for Certificates to be redeemed or purchased pursuant to this Section 6.02 shall be the date specified in the notice given by the Owner Trustee to the Indenture Trustee pursuant to Section 8.03(e)(ii) (provided, however, that in the case of the Series SWA 1995 Trust N605SWN396SW-I Certificates, if such date is the last day of the then current Interest Period therefor, no Break Amount shall be payable). If the Owner Trustee elects to purchase the Certificates under Section 8.03(e)(ii), nothing herein, including use of the terms "Redemption Date" and "Redemption Price" ", shall be deemed to result in a redemption of the Certificates.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)

Redemption or Purchase of Certificates Upon Certain Indenture Events of Default. If the Owner Trustee shall have given notice of redemption or purchase to the Indenture Trustee pursuant to Section 8.03(e)(ii) at any time (x) after the Certificates shall have been accelerated pursuant to Section 8.02 or (y) after one or more Lease Events of Default shall have occurred and TRUST INDENTURE AND SECURITY AGREEMENT [N603SW] -26- 33 be continuing for a period of 180 days or more, each Outstanding Certificate shall be redeemed or purchased in whole at a Redemption Price equal to 100% of its principal amount plus accrued and unpaid TRUST INDENTURE AND SECURITY AGREEMENT [N605SW] -26- 33 interest thereon (including, without limitation, interest on overdue interest) to but excluding the applicable Redemption Date as determined below and all other amounts payable to the Holders hereunder or under the Participation Agreement and, in the case of the Series SWA 1995 Trust N605SWN603SW-I Certificate, the Break Amount, if any, and, in the case of the Series SWA 1995 Trust N605SW N603SW Certificates, if to be purchased or redeemed pursuant to Section 8.03(e)(ii)(Aclause (y) above prior to the 181st day after one year anniversary of the first occurrence of the relevant Lease Event of Default, the Premium, if any. The Redemption Date for Certificates to be redeemed or purchased pursuant to this Section 6.02 shall be the date specified in the notice given by the Owner Trustee to the Indenture Trustee pursuant to Section 8.03(e)(ii) (provided, however, that in the case of the Series SWA 1995 Trust N605SWN603SW-I Certificates, if such date is the last day of the then current Interest Period therefor, no Break Amount shall be payable). If the Owner Trustee elects to purchase the Certificates under Section 8.03(e)(ii), nothing herein, including use of the terms "Redemption Date" and "Redemption Price" ", shall be deemed to result in a redemption of the Certificates.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)

Redemption or Purchase of Certificates Upon Certain Indenture Events of Default. If the Owner Trustee shall have given notice of redemption or purchase to the Indenture Trustee pursuant to its rights under Section 8.03(e)(ii) ), each Outstanding Certificate shall be redeemed or purchased in whole at a Redemption Price equal to 100% of its principal amount plus accrued and unpaid TRUST INDENTURE AND SECURITY AGREEMENT [N605SW] -26- 33 interest thereon (including, without limitation, interest on overdue interest) to but excluding the applicable Redemption Date as determined below and all other amounts payable to the Holders hereunder or under the Participation Agreement and, in the case of the Series SWA 1995 1996 Trust N605SWN620SW-I Certificate, the Break Amount, if any, and, in the case of the Series SWA 1995 1996 Trust N605SW N620SW Certificates, if to be purchased or redeemed pursuant to Section 8.03(e)(ii)(Aclause (y) above prior to the 181st day after one year anniversary of the first occurrence of the relevant Lease Event of Default, the Premium, if any. The Redemption Date for Certificates to be redeemed or purchased pursuant to this Section 6.02 shall be the date specified in the notice given by the Owner Trustee to the Indenture Trustee pursuant to Section 8.03(e)(ii) (provided, however, that in the case of the Series SWA 1995 1996 Trust N605SWN620SW-I Certificates, if such date is the last day of the then current Interest Period therefor, no Break Amount shall be payable). If the Owner Trustee elects to purchase the Certificates under Section 8.03(e)(ii), nothing herein, including use of the terms "Redemption Date" and "Redemption Price" ", shall be deemed to result in a redemption of the Certificates.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)

Redemption or Purchase of Certificates Upon Certain Indenture Events of Default. If the Owner Trustee shall have given notice of redemption or purchase to the Indenture Trustee pursuant to Section 8.03(e)(ii) ), each Outstanding Certificate shall be redeemed or purchased in whole at a Redemption Price equal to 100% of its principal amount plus accrued and unpaid TRUST INDENTURE AND SECURITY AGREEMENT [N605SW] -26- 33 interest thereon (including, without limitation, interest on overdue interest) to but excluding the applicable Redemption Date as determined below and all other amounts payable to the Holders hereunder or under the Participation Agreement and, in the case of the Series SWA 1995 Trust N605SWN397SW-I Certificate, the Break Amount, if any, and, in the case of the Series SWA 1995 Trust N605SW N397SW Certificates, if to be purchased or redeemed pursuant to Section 8.03(e)(ii)(A) prior to the 181st day after the first occurrence of the relevant Lease Event of Default, the Premium, if any. The Redemption Date for Certificates to be redeemed or purchased pursuant to this Section 6.02 shall be the date specified in the notice given by the Owner Trustee to the Indenture Trustee pursuant to Section 8.03(e)(ii) (provided, however, that in the case of the Series SWA 1995 Trust N605SWN397SW-I Certificates, if such date is the last day of the then current Interest Period therefor, no Break Amount shall be payable). If the Owner Trustee elects to purchase the Certificates under Section 8.03(e)(ii), nothing herein, including use of the terms "Redemption Date" and "Redemption Price" ", shall be deemed to result in a redemption of the Certificates.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)

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Redemption or Purchase of Certificates Upon Certain Indenture Events of Default. If the Owner Trustee shall have given notice of redemption or purchase to the Indenture Trustee pursuant to Section 8.03(e)(ii) each Outstanding Certificate shall be redeemed or purchased in whole at a Redemption Price equal to 100% of its principal amount plus accrued and unpaid TRUST INDENTURE AND SECURITY AGREEMENT [N605SWN604SW] -26- 33 interest thereon (including, without limitation, interest on overdue interest) to but excluding the applicable Redemption Date as determined below and all other amounts payable to the Holders hereunder or under the Participation Agreement and, in the case of the Series SWA 1995 Trust N605SWN604SW-I Certificate, the Break Amount, if any, and, in the case of the Series SWA 1995 Trust N605SW N604SW Certificates, if to be purchased or redeemed pursuant to Section 8.03(e)(ii)(A) prior to the 181st day after the first occurrence of the relevant Lease Event of Default, the Premium, if any. The Redemption Date for Certificates to be redeemed or purchased pursuant to this Section 6.02 shall be the date specified in the notice given by the Owner Trustee to the Indenture Trustee pursuant to Section 8.03(e)(ii) (provided, however, that in the case of the Series SWA 1995 Trust N605SWN604SW-I Certificates, if such date is the last day of the then current Interest Period therefor, no Break Amount shall be payable). If the Owner Trustee elects to purchase the Certificates under Section 8.03(e)(ii), nothing herein, including use of the terms "Redemption Date" and "Redemption Price" shall be deemed to result in a redemption of the Certificates.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)

Redemption or Purchase of Certificates Upon Certain Indenture Events of Default. If the Owner Trustee shall have given notice of redemption or purchase to the Indenture Trustee pursuant to Section 8.03(e)(ii) at any time (x) after the Certificates shall have been accelerated pursuant to Section 8.02 or (y) after one or more Lease Events of Default shall have occurred and TRUST INDENTURE AND SECURITY AGREEMENT [N602SW] -26- 33 be continuing for a period of 180 days or more, each Outstanding Certificate shall be redeemed or purchased in whole at a Redemption Price equal to 100% of its principal amount plus accrued and unpaid TRUST INDENTURE AND SECURITY AGREEMENT [N605SW] -26- 33 interest thereon (including, without limitation, interest on overdue interest) to but excluding the applicable Redemption Date as determined below and all other amounts payable to the Holders hereunder or under the Participation Agreement and, in the case of the Series SWA 1995 Trust N605SWN602SW-I Certificate, the Break Amount, if any, and, in the case of the Series SWA 1995 Trust N605SW N602SW Certificates, if to be purchased or redeemed pursuant to Section 8.03(e)(ii)(Aclause (y) above prior to the 181st day after one year anniversary of the first occurrence of the relevant Lease Event of Default, the Premium, if any. The Redemption Date for Certificates to be redeemed or purchased pursuant to this Section 6.02 shall be the date specified in the notice given by the Owner Trustee to the Indenture Trustee pursuant to Section 8.03(e)(ii) (provided, however, that in the case of the Series SWA 1995 Trust N605SWN602SW-I Certificates, if such date is the last day of the then current Interest Period therefor, no Break Amount shall be payable). If the Owner Trustee elects to purchase the Certificates under Section 8.03(e)(ii), nothing herein, including use of the terms "Redemption Date" and "Redemption Price" ", shall be deemed to result in a redemption of the Certificates.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)

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