Common use of Redemptions; Notice of Redemption Clause in Contracts

Redemptions; Notice of Redemption. (a) Neither any redemption of any 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 Secured Certificate may be made by the Indenture 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.

Appears in 5 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)

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