Common use of Right of Revocation of Action Taken Clause in Contracts

Right of Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Indenture Trustee, as provided in Section 5.11 hereof, of the taking of any action by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action, any Note Holder which has consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding an Equipment Note, revoke such action so far as concerns such Equipment Note. Except as aforesaid any such action taken by the Note Holder shall be conclusive and binding upon such Note Holder and upon all future Note Holders and owners of such Equipment Note and of any Equipment Notes issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Equipment Note. Any action taken by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action shall be conclusively binding upon the Owner Trustee, the Indenture Trustee and the Note Holders.

Appears in 11 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)

AutoNDA by SimpleDocs

Right of Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Indenture Trustee, as provided in Section 5.11 hereof, of the taking of any action by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action, any Note Holder which has consented to such action may, by filing written notice at the Trust Indenture 82 - 77 - Corporate Trust Office and upon proof of holding an Equipment Note, revoke such action so far as concerns such Equipment Note. Except as aforesaid any such action taken by the Note Holder shall be conclusive and binding upon such Note Holder and upon all future Note Holders and owners of such Equipment Note and of any Equipment Notes issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Equipment Note. Any action taken by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action shall be conclusively binding upon the Owner Trustee, the Indenture Trustee and the Note Holders.

Appears in 2 contracts

Samples: Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc)

Right of Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Indenture Trust Indenture Trustee, as provided in Section 5.11 hereof, of the taking of any action by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action, any Note Holder which has consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding an Equipment Note, revoke such action so far as concerns such Equipment Note. Except as aforesaid any such action taken by the Note Holder shall be conclusive and binding upon such Note Holder and upon all future Note Holders and owners of such Equipment Note and of any Equipment Notes issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Equipment Note. Any action taken by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action shall be conclusively binding upon the Owner Trustee, the Indenture Trustee and the Note Holders.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (America West Airlines Inc)

Right of Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Indenture Trustee, as provided in Section 5.11 hereof, of the taking of any action by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action, any Note Holder which has consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding an Equipment Note, revoke such action so far as concerns such Equipment Note. Except as aforesaid any such action taken by the Note Holder shall be conclusive and binding upon such Note Holder and upon all future Note Holders and owners of such Equipment Note and of any Equipment Notes issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Equipment Note. Any action taken by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with Trust Indenture such action shall be conclusively binding upon the Owner Trustee, the Indenture Trustee and the Note Holders.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (America West Airlines Inc)

AutoNDA by SimpleDocs

Right of Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Indenture Trustee, as provided in Section 5.11 hereof, of the taking of any action by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action, any Note Holder which has consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding an Equipment Note, revoke such action so far as concerns such Equipment Note. Except as aforesaid any such action taken by the Note Holder shall be conclusive and binding upon such Note Holder and upon all future Note Holders and owners of such Equipment Note and of any Equipment Notes issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Equipment Note. Any action taken by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action shall be conclusively binding upon the Owner Trustee, the Indenture Trustee and the Note Holders.. Trust Indenture

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (America West Airlines Inc)

Right of Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Indenture Trustee, as provided in Section 5.11 hereof, of the taking of any action by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action, any Note Holder which has consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding an Equipment Note, revoke such action so far as concerns such Equipment Note. Except as aforesaid any such action taken by the Note Holder shall be conclusive and binding upon such Note Holder and upon all future Note Holders and owners of such Equipment Note and of any Equipment Notes issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Equipment Note. Any action taken by the Note Holders of the percentage in aggregate Principal Amount of the Equipment Notes specified in this Indenture in connection with such action shall be conclusively binding upon the Owner Trustee, the Indenture Trustee and the Note Holders.. Trust Indenture 82 - 77 -

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (America West Airlines Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!