Common use of Voluntary Redemption of Equipment Notes Clause in Contracts

Voluntary Redemption of Equipment Notes. (a) Except as provided in Section 2.11(b), all, but not less than all, of the Equipment Notes may be redeemed by the Company at any time upon at least 15 days’ revocable prior written notice to the Loan Trustee and the Noteholders, and such Equipment Notes shall be redeemed in whole at a redemption price equal to 100% of the unpaid principal amount thereof, together with accrued and unpaid interest thereon to (but excluding) the date of redemption and all other Secured Obligations owed or then due and payable to the Noteholders, plus Make-Whole Amount, if any; provided that no redemption shall be permitted under this Section 2.11(a) unless, simultaneously with such redemption, the Related Equipment Notes shall also be redeemed.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

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Voluntary Redemption of Equipment Notes. (a) Except as provided in Section 2.11(b), all, but not less than all, of the Equipment Notes may be redeemed by the Company at any time upon at least 15 days’ revocable prior written notice to the Loan Trustee and the Noteholders, and such Equipment Notes shall be redeemed in whole at a redemption price equal to 100% of the unpaid principal amount thereof, together with accrued and unpaid interest thereon to (but excluding) the date of redemption and all other Secured Obligations owed or then due and payable to the Noteholders, plus Make-Whole Amount, if any; provided that no redemption shall be permitted under this Section 2.11(a) unless, simultaneously contemporaneously with such redemption, the Related Equipment Notes shall also be redeemed.

Appears in 1 contract

Samples: Trust Supplement

Voluntary Redemption of Equipment Notes. (a) Except as provided in Section 2.11(b), allAll, but not less than all, of the Equipment Notes may be redeemed in whole by Owner Trustee in connection with a transaction described in, and subject to the Company at any time terms and conditions of, Section 13.01 of the Participation Agreement upon at least 15 20 days' revocable prior written notice to the Loan Trustee and the Noteholders, and such Equipment Notes shall be redeemed in whole at a redemption price equal to 100% of the unpaid principal amount thereofof the Equipment Notes being redeemed, together with accrued and unpaid interest thereon to (but excluding) the date of redemption and all other Secured Obligations owed amounts payable hereunder or then due and payable under the Participation Agreement to Noteholders plus the Noteholders, plus Make-Whole Amount, if any; provided that no redemption shall be permitted under this Section 2.11(a) unless, simultaneously with such redemption, the Related Equipment Notes shall also be redeemed.

Appears in 1 contract

Samples: Participation Agreement (Delta Air Lines Inc /De/)

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Voluntary Redemption of Equipment Notes. (a) Except as provided in Section 2.11(b), all, but not less than all, of the Equipment Notes may be redeemed by the Company at any time upon at least 15 days’ revocable prior written notice to the Loan Trustee and the Noteholders, and such Equipment Notes shall be redeemed in whole at a redemption price equal to 100% of the unpaid principal amount thereof, together with accrued and unpaid interest thereon to (but excluding) the date of redemption and all other Secured Obligations owed or then due and payable to the Noteholders, plus Make-Whole Amount, if any; provided that no redemption shall be permitted under this Section 2.11(a) unless, simultaneously with such redemption, the Related Equipment Notes shall also be redeemed.

Appears in 1 contract

Samples: Note Purchase Agreement (American Airlines Inc)

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