Common use of Series C Prepayment Date Clause in Contracts

Series C Prepayment Date. On the Series C Prepayment Date, in the case of a prepayment under Section 6.02(a)(viii) hereof, the Indenture Trustee shall release from the Collateral Account all amounts held in the Collateral Account on such date. Such amounts so released, together with the amount of any Losses paid by the Lessee to the Subordination Agent pursuant to Sections 17.02(a) and 17.02(c) of the Participation Agreement, shall be applied to pay all amounts due under Section 6.02(b)(1) hereof on the Series C Prepayment Date, whereupon the Lien of this Indenture on the Collateral Account and the Liquid Collateral shall terminate and any amount (net of any unpaid Losses) remaining after such release and application shall be remitted by the Indenture Trustee, on behalf of the Owner Trustee, to the Lessee.