Terms of Loan Certificates; Drawings. (a) On the Borrowing Date coinciding with the Effective Date, Borrower shall issue a Series of Loan Certificate to each Lender in an aggregate original principal amount equal to such Lender’s Maximum Commitment in respect of each Aircraft. Borrower shall be entitled to make Drawings under each Loan Certificate in accordance with Section 2(a) of the Credit Agreement.
Appears in 3 contracts
Samples: Security Agreement (Airtran Holdings Inc), Security Agreement (Airtran Holdings Inc), Security Agreement (Airtran Holdings Inc)
Terms of Loan Certificates; Drawings. (a) On the Borrowing Date coinciding with the Effective Date, the Borrower shall issue a Series of Loan Certificate to each Lender Loan Participant in an aggregate original principal amount equal to such LenderLoan Participant’s Maximum Commitment in respect of each Aircraft(or their respective nominees). The Borrower shall be entitled to make Drawings under against each Loan Certificate in accordance with Section 2(a) of the Credit AgreementSections 2.1 and 4.
Appears in 2 contracts
Samples: Credit Agreement (Alaska Air Group Inc), Credit Agreement (Alaska Airlines Inc)
Terms of Loan Certificates; Drawings. (a) On the Borrowing Date coinciding with the Effective Date, Borrower shall issue a Series of Loan Certificate to each Lender in an aggregate original principal amount equal to such Lender’s Maximum Commitment in respect of each AircraftCommitment. Borrower shall be entitled to make Drawings under each Loan Certificate in accordance with Section 2(a) of the Credit Agreement.
Appears in 2 contracts
Samples: Security Agreement (Airtran Holdings Inc), Security Agreement (Airtran Holdings Inc)
Terms of Loan Certificates; Drawings. (a) On the Borrowing Date coinciding with the Effective ------------------------------------ Date, the Borrower shall issue a Series of Loan Certificate to each Lender Loan Participant in an aggregate original principal amount equal to such Lender’s Loan Participant's Maximum Commitment in respect (or their respective nominees). Each Loan Certificate shall bear an appropriate designation as to its Class, as determined pursuant to Section 2(a) of each Aircraftthe Credit Agreement. The Borrower shall be entitled to make Drawings under against each Loan Certificate in accordance with Section 2(a) of the Credit Agreement.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Midway Airlines Corp)
