Repayment of Monies for Certificate. Payments Held by the Indenture Trustee. Any money held by the Indenture Trustee or any Paying Agent in trust for any payment of the principal of, Premium, if any, or interest on any Series SWA 1995 Trust N604SW Certificate, including without limitation any money deposited pursuant to Article 10 and remaining unclaimed for two years and eleven months after the due date for such payment, shall be paid to the Owner Trustee; and the Holders of any Outstanding Certificates shall thereafter, as unsecured general creditors, look only to the Owner Participant (to the extent the Owner Trustee distributed any such trust money to the Owner Participant) and to the Company on behalf of the Owner Trustee for payment thereof, and all liability of the Indenture Trustee or any such Paying Agent with respect to such trust money shall thereupon cease; provided, that the Indenture Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be mailed to each such Holder notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of mailing, any unclaimed balance of such money then remaining will be repaid to the Owner Trustee as provided herein. TRUST INDENTURE AND SECURITY AGREEMENT [N604SW] -28- 35 Section 7.02. [Reserved for Potential Future Use]
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Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)
Repayment of Monies for Certificate. Payments Held by the Indenture Trustee. Any money held by the Indenture Trustee or any Paying Agent in trust for any payment of the principal of, Premium, if any, or interest on any Series SWA 1995 Trust N604SW N397SW Certificate, including without limitation any money deposited pursuant to Article 10 and remaining unclaimed for two years and eleven months after the due date for such payment, shall be paid to the Owner Trustee; and the Holders of any Outstanding Certificates shall thereafter, as unsecured general creditors, look only to the Owner Participant (to the extent the Owner Trustee distributed any such trust money to the Owner ParticipantParticipant and the Owner Participant did not distribute such trust money to the Company) and to the Company on behalf of the Owner Trustee for payment thereof, and all liability of the Indenture Trustee or any such Paying Agent with respect to such trust money shall thereupon cease; provided, that the Indenture Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be mailed to each such Holder notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of mailing, any unclaimed balance of such money then remaining will be repaid to the Owner Trustee as provided herein. TRUST INDENTURE AND SECURITY AGREEMENT [N604SW] -28- 35 Section 7.02. [Reserved for Potential Future Use].
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)
Repayment of Monies for Certificate. Payments Held by the Indenture Trustee. Any money held by the Indenture Trustee or any Paying Agent in trust for any payment of the principal of, Premium, if any, or interest on any Series SWA 1995 Trust N604SW N602SW Certificate, including without limitation any money deposited pursuant to Article 10 and remaining unclaimed for two years and eleven months after the due date for such payment, shall be paid to the Owner Trustee; and the Holders of any Outstanding Certificates shall thereafter, as unsecured general creditors, look only to the Owner Participant (to the extent the Owner Trustee distributed any such trust money to the Owner Participant) and to the Company on behalf of the Owner Trustee for payment thereof, and all liability of the Indenture Trustee or any such Paying Agent with respect to such trust money shall thereupon cease; provided, that the Indenture Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be mailed to each such Holder notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of mailing, any unclaimed balance of such money then remaining will be repaid to the Owner Trustee as provided herein. TRUST INDENTURE AND SECURITY AGREEMENT [N604SWN602SW] -28- 35 Section 7.02. [Reserved for Potential Future Use]
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)
Repayment of Monies for Certificate. Payments Held by the Indenture Trustee. Any money held by the Indenture Trustee or any Paying Agent in trust for any payment of the principal of, Premium, if any, or interest on any Series SWA 1995 Trust N604SW N603SW Certificate, including without limitation any money deposited pursuant to Article 10 and remaining unclaimed for two years and eleven months after the due date for such payment, shall be paid to the Owner Trustee; and the Holders of any Outstanding Certificates shall thereafter, as unsecured general creditors, look only to the Owner Participant (to the extent the Owner Trustee distributed any such trust money to the Owner Participant) and to the Company on behalf of the Owner Trustee for payment thereof, and all liability of the Indenture Trustee or any such Paying Agent with respect to such trust money shall thereupon cease; provided, that the Indenture Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be mailed to each such Holder notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of mailing, any unclaimed balance of such money then remaining will be repaid to the Owner Trustee as provided herein. TRUST INDENTURE AND SECURITY AGREEMENT [N604SWN603SW] -28- 35 Section 7.02. [Reserved for Potential Future Use]
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)
Repayment of Monies for Certificate. Payments Held by the Indenture Trustee. Any money held by the Indenture Trustee or any Paying Agent in trust for any payment of the principal of, Premium, if any, or interest on any Series SWA 1995 Trust N604SW N396SW Certificate, including without limitation any money deposited pursuant to Article 10 and remaining unclaimed for two years and eleven months after the due date for such payment, shall be paid to the Owner Trustee; and the Holders of any Outstanding Certificates shall thereafter, as unsecured general creditors, look only to the Owner Participant (to the extent the Owner Trustee distributed any such trust money to the Owner ParticipantParticipant and the Owner Participant did not distribute such trust money to the Company) and to the Company on behalf of the Owner Trustee for payment thereof, and all liability of the Indenture Trustee or any such Paying Agent with respect to such trust money shall thereupon cease; provided, that the Indenture Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be mailed to each such Holder notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of mailing, any unclaimed balance of such money then remaining will be repaid to the Owner Trustee as provided herein. TRUST INDENTURE AND SECURITY AGREEMENT [N604SW] -28- 35 Section 7.02. [Reserved for Potential Future Use].
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Southwest Airlines Co)