Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee. (b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price. (c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed. (d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 12 contracts
Samples: Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (Hawaiian Holdings Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s address appearing in the Equipment Note Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Mortgagee receives written notice of such revocation from the Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 12 contracts
Samples: Trust Indenture and Mortgage (PLM Equipment Growth Fund V), Trust Indenture and Mortgage (PLM Equipment Growth & Income Fund Vii), Trust Indenture and Mortgage (PLM Equipment Growth Fund V)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that PROVIDED that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Mortgagee receives written notice of such revocation from the Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 11 contracts
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 twenty (20) nor more than 60 sixty (60) days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee the Indenture Trustee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the MortgageeIndenture Trustee, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM p.m. New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.072.06, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 7 contracts
Samples: Trust Indenture and Security Agreement, Trust Indenture and Security Agreement (Us Airways Inc), Trust Indenture and Security Agreement (Us Airways Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption or purchase shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, that interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person Person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 12:00 noon, New York time City time, on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaid, the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07Indenture Trustee, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 7 contracts
Samples: Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note Secured Certificate nor any purchase by the Owner Trustee of any Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemedredeemed or purchased, at such Note Certificate Holder’s 's address appearing in the Equipment Note Secured Certificate Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Secured Certificates and the Indenture Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes Secured Certificates to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes Secured Certificates to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes Secured Certificates then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note Secured Certificate for redemption or purchase in accordance with said notice, such Equipment Note Secured Certificate shall be redeemed at the redemption price. If any Equipment Note Secured Certificate called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note Secured Certificate as of such redemption date.
Appears in 7 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Holdings Corp/Pred), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemed, at such Note Certificate Holder’s 's address appearing in the Equipment Note Secured Certificate Register; provided that that, in the case of a redemption to be made pursuant to Section 2.11, such notice shall be revocable by and shall be deemed revoked if the Indenture Trustee receives written notice of such revocation from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed on the redemption date shall not then be held by in the MortgageeCollateral, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes Secured Certificates to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes Secured Certificates to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes Secured Certificates then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note Secured Certificate for redemption in accordance with said notice, such Equipment Note Secured Certificate shall be redeemed at the redemption price. If any Equipment Note Secured Certificate called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount Principal Amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note Secured Certificate as of such redemption date.
Appears in 6 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Holdings Corp/Pred), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)
Redemptions; Notice of Redemption. (a) No voluntary or mandatory redemption of any unpaid Original Amount of the Equipment Note Notes may be made except to the extent and in the manner expressly permitted contemplated by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeMortgage.
(b) Notice In case of a voluntary or mandatory redemption, notice of such redemption with respect to the Equipment Notes shall be given by Security Agent by commercial courier service for next day delivery (or the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption datenearest thereto as practicable), to each Note Holder Lender of such Equipment Notes to be redeemed, at such Note HolderLender’s address appearing in the Equipment Note Register; provided that such . Any notice of redemption pursuant to Section 2.10 shall be revocable irrevocable if not revoked by written notice from the Owner Borrower to Mortgagee Security Agent given not later than three days prior to (3) Business Days before the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the redemption price (including any Breakage Amount), (3) the applicable basis for determining the redemption price, (34) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (45) the place or places where such Equipment Notes are to be surrendered for payment of the redemption priceprice and for exchange or cancellation (as the case may be).
(c) On or before the redemption date, the Owner Borrower (or any person Person on behalf of the OwnerBorrower) shall, to the extent an amount equal to the redemption price (including any Breakage Amount) for the Equipment Notes to be redeemed on the redemption date shall not then be held by the MortgageeSecurity Agent, deposit or cause to be deposited with the Mortgagee Security Agent by 12:30 PM 12:00 Noon New York time on the redemption date in immediately available funds the redemption price of the unpaid Original Amount of the Equipment Notes to be redeemed.
(d) Notice If notice of redemption having been is given as aforesaidaforesaid (and not revoked as contemplated in the proviso to Section 2.11(b)), the Equipment Notes to be redeemed shallthen, on the redemption date, the unpaid Original Amount of Equipment Notes to be redeemed shall become due and payable at the Corporate Trust Security Agent’s Administrative Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.072.6, and from and after such redemption date (unless there all of the Equipment Notes shall be surrendered to Security Agent for cancellation (in case of a default total redemption) or exchange (in the payment case of the redemption price) any such Equipment Notes then outstanding shall cease to bear interesta partial redemption). Upon surrender of any such Equipment Note for Notes, the redemption in accordance with said notice, such Equipment Note price shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue distributed to bear interest from the applicable redemption date at the interest rate such holder as provided in effect for such Equipment Note as of such redemption datethis Mortgage.
Appears in 6 contracts
Samples: Loan Agreement (Airtran Holdings Inc), Loan Agreement (Airtran Holdings Inc), Loan Agreement (Airtran Holdings Inc)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 5 contracts
Samples: Trust Indenture and Mortgage (Southwest Airlines Co), Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided provided, that in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Indenture Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person Person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 11:00 a.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 5 contracts
Samples: Indenture (Us Airways Inc), Trust Indenture and Security Agreement (Us Airways Inc), Trust Indenture and Security Agreement (Us Airways Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that PROVIDED that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Mortgagee receives written notice of such revocation from the Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 4 contracts
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by Owner of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 fifteen (15) nor more than 60 sixty (60) days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, date and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person Person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeIndenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 11:00 a.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not revoked at least three (3) days prior to the redemption date), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 4 contracts
Samples: Owned Aircraft Indenture (Us Airways Inc), Indenture and Security Agreement (Us Airways Inc), Owned Aircraft Indenture (Us Airways Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note Secured Certificate nor any purchase by the Owner Trustee of any Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(c) above, the Secured Certificates shall be redeemed on the 15th day following the Prepayment Date. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(d) above, the Secured Certificates shall be redeemed on the 15th day following the Determination Date. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(e) above, the Secured Certificates shall be redeemed on the 15th day following the date of occurrence of the applicable Triggering Event. In the case of a redemption of the Series C Secured Certificates pursuant to Section 2.10(f) above, the amount of such Series C Secured Certificates to be redeemed shall be redeemed on the Reoptimization Date.
(b) Notice of redemption or purchase with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemedredeemed or purchased, at such Note Certificate Holder’s 's address appearing in the Equipment Note Secured Certificate Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Secured Certificates and the Indenture Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes Secured Certificates to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes Secured Certificates to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes Secured Certificates then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note Secured Certificate for redemption or purchase in accordance with said notice, such Equipment Note Secured Certificate shall be redeemed at the redemption price. If any Equipment Note Secured Certificate called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note Secured Certificate as of such redemption date.
Appears in 3 contracts
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Northwest Airlines Corp)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption or purchase shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, that interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person Person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 12:00 noon, New York time City time, on the redemption date in Trust Indenture immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaid, the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07Indenture Trustee, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 3 contracts
Samples: Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 3 contracts
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.bear
Appears in 3 contracts
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided provided, that in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Indenture Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, date and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person Person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 11:00 a.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 2 contracts
Samples: Lease Agreement (Us Airways Inc), Trust Indenture and Security Agreement (Us Airways Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that PROVIDED, HOWEVER, that, in the case of a redemption to be made pursuant to Section 2.10(b), such notice shall be revocable by written notice from and shall be deemed revoked in the Owner to Mortgagee given event that the Lease does not later than three days prior to in fact terminate on the redemption specified termination date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 2 contracts
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York 11:30 a.m. Chicago, Illinois time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given and not revoked as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.072.06, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 2 contracts
Samples: Trust Indenture and Mortgage (United Air Lines Inc), Trust Indenture and Mortgage (United Air Lines Inc)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining deter-mining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption datedate (unless the notice with respect thereto shall have been revoked pursuant to Section 2.12(b)), the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 2 contracts
Samples: Trust Indenture and Mortgage (Atlas Air Inc), Trust Indenture and Mortgage (Atlas Air Inc)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that that, in the case of a redemption made pursuant to Section 2.10, such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM p.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given and not revoked as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.072.06, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 2 contracts
Samples: Trust Indenture and Mortgage (Jetblue Airways Corp), Trust Indenture and Mortgage (Jetblue Airways Corp)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided provided, that in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Indenture Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 11:00 a.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 2 contracts
Samples: Trust Indenture and Security Agreement (Us Airways Inc), Indenture (Us Airways Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date and purchase date, as applicable, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11(a), such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Mortgagee receives written notice of such revocation from the Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date; provided, further, that, in the case of a redemption where the Lessee is terminating the Lease pursuant to Section 9 thereof, the specified redemption date may be postponed up to 10 Business Days. All notices of redemption or purchase, as applicable, shall state: (1) the redemption or purchase date, (2) the applicable basis for determining the redemption or purchase price, (3) whether or not such notice is revocable or the redemption date may be postponed and, if so, the conditions under which the notice may be revoked or the redemption date may be postponed, (4) that on the redemption or purchase date, the redemption or purchase price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption or purchase date, and (45) the place or places where such Equipment Notes are to be surrendered for payment of the redemption or purchase price.
(c) On or before the redemption or purchase date, (unless, if a redemption date, the notice with respect thereto shall have been revoked pursuant to Section 2.12(b)), as applicable, the Owner Trustee or the Owner Participant (or any person on behalf of the Owner) Owner Trustee or Owner Participant), as the case may be, shall, to the extent an amount equal to the redemption or purchase price for the Equipment Notes to be redeemed or purchased on the redemption or purchase date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption or purchase date in immediately available funds the redemption or purchase price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not revoked or deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, postponed redemption date or purchase date, as applicable, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date, postponed redemption date or purchase date (unless there shall be a default in the payment of the redemption or purchase price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed or purchased at the redemption or purchase price, as applicable. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemptionredemption or purchase, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption or purchase date at the interest rate in effect for such Equipment Note as of such redemption or purchase date.
Appears in 2 contracts
Samples: Trust Indenture and Mortgage (Atlas Air Inc), Trust Indenture and Mortgage (Atlas Air Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that PROVIDED that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Mortgagee receives written notice of such revocation from the Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 2 contracts
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/), Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the TRUST INDENTURE 12-1 principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note Secured Certificate nor any purchase by the Owner Trustee of any Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(c) above, the Secured Certificates shall be redeemed on the 15th day following the Prepayment Date. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(d) above, the Secured Certificates shall be redeemed on the 15th day following the Determination Date. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(e) above, the Secured Certificates shall be redeemed on the 15th day following the date of occurrence of the applicable Triggering Event. In the case of a redemption of the Series C Secured Certificates pursuant to Section 2.10(f) above, the amount of such Series C Secured Certificates to be redeemed shall be redeemed on the Reoptimization Date.
(b) Notice of redemption or purchase with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemedredeemed or purchased, at such Note Holder’s Certificate Holder s address appearing in the Equipment Note Secured Certificate Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Secured Certificates and the Indenture Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes Secured Certificates to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes Secured Certificates to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes Secured Certificates then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note Secured Certificate for redemption or purchase in accordance with said notice, such Equipment Note Secured Certificate shall be redeemed at the redemption price. If any Equipment Note Secured Certificate called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note Secured Certificate as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, TRUST INDENTURE 14-1 the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that that, in the case of a redemption made pursuant to Section 2.10(a) or (b), such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York 11:30 a.m. Chicago, Illinois time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given and not revoked as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.072.06, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by Owner of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 fifteen (15) nor more than 60 sixty (60) days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeIndenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 11:00 a.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaid, the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.. TRUST INDENTURE 12-2
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.. 8 Note: in the case of MSN 30332 and 30637. 9 Note: in the case of MSN 33017. 10 Note: in the case of MSN 33971 and 30683. 11 Note: in the case of MSN 33976. 12 Include in the indentures for XXXx 00000, 30637, 33017, 33971, 33976 and 30683. TRUST INDENTURE 22-1 (A and B) 18
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Note Purchase Agreement (Sun Country Airlines Holdings, Inc.)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption or purchase shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, that interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person Person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 12:00 noon, New York time City time, on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaid, the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Trust Indenture Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07Indenture Trustee, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (America West Airlines Inc)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption or purchase shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, that interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person Person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 12:00 noon, New York time City time, on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaid, the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Trust Indenture 43 - 38 - Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07Indenture Trustee, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (America West Airlines Inc)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.072.06, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.then
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM p.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given and not revoked as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any unpaid Original Amount of the Equipment Note Notes may be made except to the extent and in the manner expressly permitted contemplated by this Trust IndentureMortgage. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice In case of a mandatory redemption, notice of such redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to commercial courier service for next day delivery (or the applicable redemption datenearest thereto as practicable), to each Note Holder Lender of such Equipment Notes to be redeemed, at such Note HolderLender’s address appearing in the Equipment Note Register; provided that such . Any notice of redemption shall be revocable irrevocable if not revoked by written notice from the Owner Borrower to Mortgagee given not later than 11:00 a.m. (New York time) three days prior to (3) Business Days before the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the redemption price, (3) the applicable basis for determining the redemption price, (34) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (45) the place or places where such Equipment Notes are to be surrendered for promptly following payment of the redemption priceprice for exchange or cancellation (as the case may be).
(c) On or before the redemption date, the Owner Borrower (or any person Person on behalf of the OwnerBorrower) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM 11:00 a.m. New York time on the redemption date in immediately available funds the redemption price of the unpaid Original Amount of the Equipment Notes to be redeemed.
(d) Notice If notice of redemption having been is given as aforesaidaforesaid (and not revoked as contemplated in Section 2.11(b)), the Equipment Notes to be redeemed shallthen, on the redemption date, the unpaid Original Amount of Equipment Notes to be redeemed shall become due and payable at the Mortgagee’s Corporate Trust Office Office, together with any other amounts then due pursuant to Sections 2.9 or 2.10 (as the case may be), including, without limitation, LIBOR Breakage Amount, if any. *** Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Mortgagee or at any office or agency maintained for such purposes Securities Exchange Act of 1934, as amended. Page 5 of 13 pages containing information redacted pursuant to Section 2.07, and from and after such a request for confidential treatment.
(e) No amount subject to redemption date (unless there shall be a default in available for re-borrowing under the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption dateLoan Agreement.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any unpaid Original Amount of the Equipment Note Notes may be made except to the extent and in the manner expressly permitted contemplated by this Trust IndentureMortgage. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice In case of a mandatory redemption, notice of such redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to commercial courier service for next day delivery (or the applicable redemption datenearest thereto as practicable), to each Note Holder Lender of such Equipment Notes to be redeemed, at such Note HolderLender’s address appearing in the Equipment Note Register; provided that such . Any notice of redemption shall be revocable irrevocable if not revoked by written notice from the Owner Borrower to Mortgagee given not later than three days prior to (3) Business Days before the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the redemption price, (3) the applicable basis for determining the redemption price, (34) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (45) the place or places where such Equipment Notes are to be surrendered for promptly following payment of the redemption priceprice for exchange or cancellation (as the case may be).
(c) On or before the redemption date, the Owner Borrower (or any person Person on behalf of the OwnerBorrower) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM 11:00 a.m. New York time on the redemption date in immediately available funds the redemption price of the unpaid Original Amount of the Equipment Notes to be redeemed.
(d) Notice If notice of redemption having been is given as aforesaidaforesaid (and not revoked as contemplated in Section 2.11(b)), the Equipment Notes to be redeemed shallthen, on the redemption date, the unpaid Original Amount of Equipment Notes to be redeemed shall become due and payable at the Mortgagee’s Corporate Trust Office Office, together with any other amounts then due pursuant to Sections 2.9 or 2.10 (as the case may be), including, without limitation, LIBOR Breakage Amount, if any. *** Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Mortgagee or at any office or agency maintained for such purposes Securities Exchange Act of 1934, as amended. Page 5 of 8 pages containing information redacted pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note request for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption dateconfidential treatment.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price. At least 10 days (unless a shorter time shall be agreeable to Mortgagee) in advance of the date such notice of redemption is to be given by Mortgagee, Owner shall request Mortgagee to give such notice, and such request shall set forth the information required to be included by this Section 2.12(b) in such notice of redemption.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid and not revoked, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless the notice shall be revoked or provided in Section 2.12(b) or there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Southwest Airlines Co)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the TRUST INDENTURE 16-1 principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Mortgagee receives written notice of such revocation from the Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.the
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Note Purchase Agreement (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust IndentureMortgage. No Mortgagee shall not purchase of any Equipment Note may be made by the MortgageeNote.
(b) Notice Mortgagee shall give notice of redemption with respect to of the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to before the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that . For of a redemption to be made pursuant to (S) 2.10(b) or (S) 2.10(c), such notice shall be revocable by and shall be deemed revoked if the Lease does not in fact terminate on the specified termination date, or if notice of such redemption is given in connection with a refinancing of Equipment Notes pursuant to (S) 2.11 and Mortgagee receives written notice of such revocation from the Lessee or Owner to Mortgagee given Trustee not later than three days prior to before the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places place(s) where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall is not then be held by in the MortgageeCollateral, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date date, in immediately available funds funds, the redemption price of the Equipment Notes to be redeemed.
(d) Notice If notice of redemption having been is given as aforesaidaforesaid (and not revoked as contemplated in (S) 2.12(b)), then, on the redemption date, the Equipment Notes to be redeemed shall, on the redemption date, shall become due and payable at the Mortgagee's Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section (S) 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said such notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall is not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.the
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such the Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that that, in the case of a redemption made pursuant to Section 2.09(b), such notice shall be revocable by written notice from the Owner to Mortgagee Indenture Trustee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption datedate upon payment of the redemption price, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the MortgageeIndenture Trustee, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM New York 12:00 p.m. Chicago, Illinois time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given and not revoked as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office corporate trust office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.072.06, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof of such Equipment Note shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption 2002 EETC - Mortgage (Owned) (10) date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM p.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given and not revoked as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust IndentureMortgage. No purchase of any Equipment Note may be made by the MortgageeLoan Trustee.
(b) Notice Upon receipt of notice thereof, notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Loan Trustee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that provided, that, in the case of a redemption to be made pursuant to (ss.) 2.10(b) or (ss.) 2.12, such notice shall be revocable by written and shall be deemed revoked if the Lease does not in fact terminate on the specified termination date or if such refinancing does not occur on the date specified in the notice from thereof, as the Owner to Mortgagee given not later than three days prior to the redemption datecase may be. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment 2002 EETC - Mortgage (LL) (11) 19 Mortgage N__TZ Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeCollateral, deposit or cause to be deposited with the Mortgagee Loan Trustee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to (ss.) 2.13(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Loan Trustee or at any office or agency maintained for such purposes pursuant to Section (ss.) 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the TRUST INDENTURE 13-1 principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by Owner of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 fifteen (15) nor more than 60 sixty (60) days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeIndenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 11:00 a.m. New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not revoked at least three (3) days prior to the redemption date), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note Secured Certificate nor any purchase by the Owner Trustee of any Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(c) above, the Secured Certificates shall be redeemed on the 15th day following the Prepayment Date. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(d) above, the Secured Certificates shall be redeemed on the 15th day following the Determination Date. In the case of a redemption of the Secured Certificates pursuant to Section 2.10(e) above, the Secured Certificates shall be redeemed on the 15th day following the date of occurrence of the applicable Triggering Event. In the case of a redemption of the Series C Secured Certificates pursuant to Section 2.10(f) above, the amount of such Series C Secured Certificates to be redeemed shall be redeemed on the Reoptimization Date.
(b) Notice of redemption or purchase with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemedredeemed or purchased, at such Note Certificate Holder’s 's address appearing in the Equipment Note Secured Certificate Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Secured Certificates and the Indenture Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.Indenture Trustee by
Appears in 1 contract
Samples: Secured Certificates Agreement (Northwest Airlines Corp)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that provided, however, that, in the case of a redemption to be made pursuant to Section 2.10(b), such notice shall be revocable by written notice from and shall be deemed TABLE OF CONTENTS revoked in the Owner to Mortgagee given event that the Lease does not later than three days prior to in fact terminate on the redemption specified termination date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee. If at the time of redemption of any Series of Equipment Notes in part there is more than one Equipment Note of such Series outstanding, each such Equipment Note shall be redeemed in part pro rata based on the total Original Amount of such Series to be redeemed compared to the total Original Amount of such Equipment Note outstanding prior to giving effect to such redemption.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (United Airlines, Inc.)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to Trust Indenture each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption or purchase shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, that interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person Person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 12:00 noon, New York time City time, on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaid, the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07Indenture Trustee, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (America West Airlines Inc)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the TRUST INDENTURE 10-1 principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemed, at such Note Certificate Holder’s 's address appearing in the Equipment Note Secured Certificate Register; provided that PROVIDED that, in the case of a redemption to be made pursuant to Section 2.11, such notice shall be revocable by and shall be deemed revoked if the Indenture Trustee receives written notice of such revocation from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed on the redemption date shall not then be held by in the MortgageeCollateral, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes Secured Certificates to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes Secured Certificates to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes Secured Certificates then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note Secured Certificate for redemption in accordance with said notice, such Equipment Note Secured Certificate shall be redeemed at the redemption price. If any Equipment Note Secured Certificate called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount Principal Amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note Secured Certificate as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust IndentureMortgage. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to before the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided provided, that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to before the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person Person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM p.m. New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice If notice of redemption having been is given as aforesaidaforesaid (and not revoked as contemplated in the proviso to (S) 2.12(b)), then, on the redemption date, the Equipment Notes to be redeemed shall, on the redemption date, shall become due and payable at the Mortgagee's Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07(S) 2.06, and from and after such redemption date (unless there shall be a default in the timely payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said such notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall is not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemed, at such Note Certificate Holder’s address appearing in the Equipment Note Secured Certificate Register; provided that that, in the case of a redemption to be made pursuant to Section 2.11, such notice shall be revocable by and shall be deemed revoked if the Indenture Trustee receives written notice of such revocation from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed on the redemption date shall not then be held by in the MortgageeCollateral, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 12:00 noon New York City time on the redemption date in immediately available funds the redemption price of the Equipment Notes Secured Certificates to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes Secured Certificates to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes Secured Certificates then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note Secured Certificate for redemption in accordance with said notice, such Equipment Note Secured Certificate shall be redeemed at the redemption price. If any Equipment Note Secured Certificate called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount Principal Amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note Secured Certificate as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 twenty (20) nor more than 60 sixty (60) days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to each Policy Provider and Mortgagee given not later than three days (3) Business Days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price. The Mortgagee shall promptly provide a copy of any such notice to the Policy Provider.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 12 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed, together with all amounts required to be paid by Owner referred to in Clause "First" of Section 3.02.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate Debt Rate in effect for such Equipment Note as of such redemption date. If the Mortgagee shall fail to make any such payment as provided after its receipt of funds at its Corporate Trust Office prior to the time specified in (c) above, then Mortgagee, in its individual capacity and not as trustee, agrees to be liable to such holders for the interest accrued at the applicable Debt Rate for such Equipment Note from the date such Equipment Note should have been redeemed until the date of redemption thereof.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Jetblue Airways Corp)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the MortgageeLoan Trustee.
(b) Notice Upon notice thereof, notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee Loan Trustee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.12, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Loan Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeCollateral, deposit or cause to be deposited with the Mortgagee Loan Trustee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.13(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Loan Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that PROVIDED, HOWEVER, that, in the case of a redemption to be made pursuant to Section 2.10(b), such notice shall be revocable by written notice from and shall be deemed revoked in the Owner to Mortgagee given event that the Lease does not later than three days prior to in fact terminate on the redemption specified termination date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Mortgagee receives written notice of such revocation from the Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note nor any purchase by the Owner Trustee of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption or purchase with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemedredeemed or purchased, at such Note Holder’s Holder s address appearing in the Equipment Note Register; provided that PROVIDED that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Equipment Notes and the Mortgagee receives written notice of such revocation from the Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption or purchase in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the TRUST INDENTURE 14-2 principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to the Policy Provider and Mortgagee given not later than three days Business Days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price. The Mortgagee shall promptly provide a copy of any such notice to the Policy Provider.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM 11:30 AM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed, together with all amounts required to be paid by Owner referred to in Clause “First” of Section 3.02.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 25 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s 's address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
. OWNED AIRCRAFT INDENTURE 16 495 (d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Note Purchase Agreement (Continental Airlines Inc /De/)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note may be made by the Mortgagee.
(b) Notice of redemption with respect to the Equipment Notes shall be given by the Mortgagee by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the applicable redemption date, to each Note Holder of such Equipment Notes to be redeemed, at such Note Holder’s address appearing in the Equipment Note Register; provided that such notice shall be revocable by written notice from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment Note, and that, if any such Equipment Notes are then outstanding, interest on such Equipment Notes shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes to be redeemed on the redemption date shall not then be held by the Mortgagee, deposit or cause to be deposited with the Mortgagee by 12:30 PM New York time on the redemption date in immediately available funds the redemption price of the Equipment Notes to be redeemed.
(d) Notice of redemption having been given as aforesaid, the Equipment Notes to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note for redemption in accordance with said notice, such Equipment Note shall be redeemed at the redemption price. If any Equipment Note called for redemption shall not be so paid upon surrender thereof for redemption, the TRUST INDENTURE 2013-1 principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (Hawaiian Holdings Inc)
Redemptions; Notice of Redemption. (a) No redemption of any Equipment Note Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemed, at such Note Certificate Holder’s 's address appearing in the Equipment Note Secured Certificate Register; provided that that, in the case of a redemption to be made pursuant to Section 2.11, such notice shall be revocable by and shall be deemed revoked if the Indenture Trustee receives written notice of such revocation from the Owner to Mortgagee given not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner (or any person on behalf of the Owner) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed on the redemption date shall not then be held by in the MortgageeCollateral, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM 11:30 a.m., New York time City time, on the redemption date in immediately available funds the redemption price of the Equipment Notes Secured Certificates to be redeemed.
(d) Notice of redemption having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes Secured Certificates to be redeemed shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes Secured Certificates then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note Secured Certificate for redemption in accordance with said notice, such Equipment Note Secured Certificate shall be redeemed at the redemption price. If any Equipment Note Secured Certificate called for redemption shall not be so paid upon surrender thereof for redemption, the principal amount Principal Amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note Secured Certificate as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)
Redemptions; Notice of Redemption. (a) No Neither any redemption of any Equipment Note Secured Certificate nor any purchase by the Owner Trustee of any Secured Certificate may be made except to the extent and in the manner expressly permitted by this Trust Indenture. No purchase of any Equipment Note Secured Certificate may be made by the MortgageeIndenture Trustee.
(b) Notice of redemption or purchase with respect to the Equipment Notes Secured Certificates shall be given by the Mortgagee Indenture Trustee by first-class mail, postage prepaid, mailed not less than 20 15 nor more than 60 days prior to the applicable redemption date, to each Note Certificate Holder of such Equipment Notes Secured Certificates to be redeemedredeemed or purchased, at such Note Certificate Holder’s 's address appearing in the Equipment Note Secured Certificate Register; provided that PROVIDED that, in the case of a redemption to be made pursuant to Section 2.10(b) or Section 2.11, such notice shall be revocable by and shall be deemed revoked in the event that the Lease does not in fact terminate on the specified termination date or if notice of such redemption shall have been given in connection with a refinancing of Secured Certificates and the Indenture Trustee receives written notice of such revocation from Lessee or the Owner to Mortgagee given Trustee not later than three days prior to the redemption date. All notices of redemption shall state: (1) the redemption date, (2) the applicable basis for determining the redemption price, (3) that on the redemption date, the redemption price will become due and payable upon each such Equipment NoteSecured Certificate, and that, if any such Equipment Notes Secured Certificates are then outstanding, interest on such Equipment Notes Secured Certificates shall cease to accrue on and after such redemption date, and (4) the place or places where such Equipment Notes Secured Certificates are to be surrendered for payment of the redemption price.
(c) On or before the redemption date, the Owner Trustee (or any person on behalf of the OwnerOwner Trustee) shall, to the extent an amount equal to the redemption price for the Equipment Notes Secured Certificates to be redeemed or purchased on the redemption date shall not then be held by in the MortgageeTrust Indenture Estate, deposit or cause to be deposited with the Mortgagee Indenture Trustee by 12:30 PM New York time 12:00 noon on the redemption date in immediately available funds the redemption price of the Equipment Notes Secured Certificates to be redeemedredeemed or purchased.
(d) Notice of redemption or purchase having been given as aforesaidaforesaid (and not deemed revoked as contemplated in the proviso to Section 2.12(b)), the Equipment Notes Secured Certificates to be redeemed or purchased shall, on the redemption date, become due and payable at the Corporate Trust Office of the Mortgagee Indenture Trustee or at any office or agency maintained for such purposes pursuant to Section 2.07, and from and after such redemption date (unless there shall be a default in the payment of the redemption price) any such Equipment Notes Secured Certificates then outstanding shall cease to bear interest. Upon surrender of any such Equipment Note Secured Certificate for redemption or purchase in accordance with said notice, such Equipment Note Secured Certificate shall be redeemed at the redemption price. If any Equipment Note Secured Certificate called for redemption or purchase shall not be so paid upon surrender thereof for redemption, the principal amount thereof shall, until paid, continue to bear interest from the applicable redemption date at the interest rate in effect for such Equipment Note Secured Certificate as of such redemption date.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)
