Class G-1 Trust definition

Class G-1 Trust has the meaning given such term in the related Policy.

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Class G-1 Trust has the meaning specified in the Intercreditor Agreement.

Class G-1 Trust means (i) prior to the Transfer, the JetBlue Airways Pass Through Trust 2004-1G-1-O created and administered pursuant to the Class G-1 Trust Agreement and (ii) after the Transfer, the JetBlue Airways Pass Through Trust 2004-1G-1-S created and administered pursuant to the Class G-1 Trust Agreement.

Examples of Class G-1 Trust in a sentence

• The following provisions of paragraphs (a) through (h) of this Section 3.7 shall apply to (i) the Class G-1 Trust and the Class G-1 Certificates and (ii) the Class G-2 Trust and the Class G-2 Certificates, as if such provisions are separately set forth in full for each of the Class G-1 Trust (and the Class G-1 Certificates) and the Class G-2 Trust (and the Class G-2 Certificates).

• The Trustee shall not be authorized or empowered to do anything that would cause the Class G-1 Trust to fail to qualify as a grantor trust for such tax purposes (including as subject to this restriction, acquiring any Aircraft by bidding the Equipment Notes relating thereto or otherwise, or taking any action with respect to any such Aircraft once acquired).

• Each Class G-1 Certificate represents a Fractional Undivided Interest in the Class G-1 Trust created hereby.

• The Trustee hereby declares the creation of a Trust, designated the "Delta Air Lines Pass Through Trust 2002-1G-1" (the "Class G-1 Trust"), for the benefit of the Holders of the Class G-1 Certificates to be issued in respect of such Class G-1 Trust, and the initial Holders of the Class G-1 Certificates, as grantors of such Class G-1 Trust, by their respective acceptances of the Class G-1 Certificates, join in the creation of such Class G-1 Trust with the Trustee.

• The Class G-1 Certificates will have the benefit of the following Liquidity Facility: that certain Revolving Credit Agreement, dated as of the date hereof, between State Street Bank and Trust Company of Connecticut, National Association, as Subordination Agent under the Intercreditor Agreement, as agent and trustee for the Class G-1 Trust, and Westdeutsche Landesbank Girozentrale, New York Branch.

• Each Certificateholder of a Class G-1 Certificate, by its acceptance of its Class G-1 Certificate or a beneficial interest therein, agrees to treat the Class G-1 Trust as a grantor trust for all United States federal, state and local income tax purposes.

• The parties hereto intend that the Class G-1 Trust be classified for United States federal income tax purposes as a grantor trust under Subpart E, Part I, Subchapter J, Chapter 1 of Subtitle A of the Internal Revenue Code of 1986, as amended, and not as a trust or association taxable as a corporation or as a partnership.

• The following provisions of paragraphs (a) through (i) of this Section 3.07 shall apply to (i) the Class G-1 Trust and the Class G-1 Certificates and (ii) the Class G-2 Trust and the Class G-2 Certificates, as if such provisions are separately set forth in full for each of the Class G-1 Trust (and the Class G-1 Certificates) and the Class G-2 Trust (and the Class G-2 Certificates).

• Payments of interest on the Offered Certificates will be supported by separate certificate guarantee insurance policies for each of the Class G-1 Trust and the Class G-2 Trust (together, the "Policies") issued by the Policy Provider to the extent the Liquidity Facilities and any funds contained in the cash collateral accounts funded from the Primary Liquidity Facilities are insufficient or unavailable for that purpose.

More Definitions of Class G-1 Trust

Class G-1 Trust means the Northwest Airlines Pass Through Trust, Class 2002-1G1 formed pursuant to the Basic Pass Through Trust Agreement and Class G-1 Trust Supplement.

Class G-1 Trust means (i) prior to the Transfer, the Continental Airlines Pass Through Trust 2002-1G-1-O created and administered pursuant to the Class G-1 Trust Agreement and (ii) after the Transfer, the Continental Airlines Pass Through Trust 2002-1G-1-S created and administered pursuant to the Class G-1 Trust Agreement.

Class G-1 Trust means the Delta Air Lines Pass Through Trust 2002-1G-1 created and administered pursuant to the Class G-1 Trust Agreement.

Class G-1 Trust means the JetBlue Airways (Spare Parts) G-1 Pass Through Trust, created and administered pursuant to the Class G-1 Trust Agreement.

Class G-1 Trust. Class G-1 Trust Agreement", "Class G-1 Trustee", "Class G-2 Certificates", "Class C-1 Certificates", "Class C-2 Certificates", "Class D Certificates", "Closing Date", "Controlling Party", "Corporate Trust Office", "Delivery Period Expiry Date", "Distribution Date", "Downgraded Facility", "Equipment Notes", "Final Legal Distribution Date", "Financing Agreement", "Fitch", "Indenture", "Interest Payment Date", "Investment Earnings", "Liquidity Obligations", "Loan Trustee", "Moody's", "Non-Extended Facility", "Northwest", "Northwest ▇▇▇▇▇▇ptcy Event", "Note Purchase Agreement", "Operative Agreements", "Performing Equipment Note", "Person", "Policy", "Policy Provider", "Policy Provider Election", "Pool Balance", "Prepayment Premium", "Primary Liquidity Facility", "Rating Agency", "Ratings Confirmation", "Regular Distribution Date", "Replacement Primary Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Series G-1 Equipment Note", "Special Payment", "Standard & Poor's", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreements", "Trustee", "Underwriters", "Underwriting Agreement" and "Written Notice".

Class G-1 Trust. Class G-1 Trustee", "Class G-1 Policy", "Class G-1 Policy Account" and "Series G-1 Equipment Note", respectively. For the purposes of clause (ii) above, each reference in paragraphs (a) through (i) of this Section 3.7 to "Accrued Class G Interest", "Class G Primary Cash Collateral Account", "Class G Certificates", "Class G