Indenture Trustee Event definition

Indenture Trustee Event means either (i) the Equipment Notes shall have become due and payable pursuant to Section 4.04(b) or (c) of this Indenture or (ii) the Indenture Trustee has taken action or notified the Owner Trustee that it intends to take action to foreclose the Lien of this Indenture or otherwise commence the exercise of any significant remedy under this Indenture or the Lease.

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Indenture Trustee Event. Lease Event of Default", "Lease Default", "Majority in Interest of Note Holders", "Make-Whole Amount" or "Note Holder", or the percentage of Note Holders required to take or approve any action hereunder, (ii) reduce the amount, or change the time of payment or method of calculation of any amount, of Principal Amount, Make-Whole Amount, if any, or interest with respect to any Equipment Note, or alter or modify the provisions of Article III hereof with respect to the order of priorities in which distribution thereunder shall be made as among the Note Holders, the Owner Trustee and the Lessee, (iii) reduce, modify or amend any indemnities in favor of the Note Holders, (iv) consent to any change in this Indenture or the Lease which would permit redemption of Equipment Notes earlier than permitted under Section 2.10 hereof, (v) modify any of the provisions of Section 4(b) of the Lease, or modify, amend or supplement the Lease, any Assigned Sublease or any Sublease Assignment, or consent to any assignment of any thereof, in either case releasing the Lessee (or Permitted Sublessee) from its obligations in respect of the payment of Basic Rent or Stipulated Loss Value for the Aircraft or altering the absolute and unconditional character of the obligations of Lessee to pay Trust Indenture 89 - 84 - Rent as set forth in Sections 4(b) and 4(d) of the Lease (or comparable provisions in any Assigned Sublease) or (vi) permit the creation of any Lien on the Trust Indenture Estate or any part thereof other than Permitted Liens or deprive any Note Holder of the benefit of the Lien of this Indenture on the Trust Indenture Estate, except as provided in connection with the exercise of remedies under Article IV hereof.

Indenture Trustee Event means either (i) the Equipment Notes shall have been declared due and payable by the Indenture Trustee pursuant to Section 4.04(b) of the Trust Indenture, (ii) the Indenture Trustee has taken action or notified Owner Trustee that it intends to take action to foreclose the Lien of the Trust Indenture or otherwise commence the exercise of any significant remedy under the Trust Indenture or the Lease or (iii) in the event of a reorganization proceeding under Chapter 11 of the Bankruptcy Code in which Lessee is a debtor, (A) the trustee in such proceeding or Lessee not agreeing to perform its obligations under the Lease, as contemplated under Section 1110, during the 60-day period under Section 1110(a)(2)(A) of the Bankruptcy Code (or such longer period as may apply under Section 1110(b) of the Bankruptcy Code) or (B) at any time after agreeing to perform such obligations, such trustee or Lessee ceasing to perform such obligations with the result that the Continuous Stay Period comes to an end.

Examples of Indenture Trustee Event in a sentence

Such option to purchase the Secured Certificates may be exercised: (i) upon an Indenture Trustee Event or (ii) in the event there shall have occurred and be continuing a Lease Event of Default, provided that if such option is exercised pursuant to this clause (ii) at a time when there shall have occurred and be continuing for less than 180 days a Lease Event of Default, the purchase price thereof shall equal the price provided in the preceding sentence plus the Make-Whole Amount, if any.
Such option to purchase the Equipment Notes may be exercised: (i) upon an Indenture Trustee Event or (ii) in the event there shall have occurred and be continuing a Lease Event of Default, provided, that if such option is exercised pursuant to this clause (ii) at a time when there shall have occurred and be continuing for less than one hundred eighty (180) days a Lease Event of Default, the purchase price thereof shall equal the price provided in the preceding sentence plus the Make-Whole Amount, if any.
Such option to purchase the Equipment Notes may be exercised: (i) upon an Indenture Trustee Event or (ii) in the event there shall have occurred and be continuing a Lease Event of Default, provided, that if such option is exercised pursuant to this clause (ii) at a time when there shall have occurred and be continuing for less than one hundred eighty (180) days a Lease Event of Default, the purchase price thereof shall equal the price provided in the preceding sentence plus the Make- Whole Amount, if any.

More Definitions of Indenture Trustee Event

Indenture Trustee Event means either (i) the Equipment Notes shall have become due and payable pursuant to Section 4.04(b) of the Trust Indenture, (ii) the Indenture Trustee has taken action or notified Owner Trustee that it intends to take action to foreclose the Lien of the Trust Indenture or otherwise commence the exercise of any significant remedy under the Trust Indenture or the Lease or (iii) in the event of a reorganization proceeding involving Lessee under Chapter 11 of the Bankruptcy Code, (A) the trustee in such proceeding or Lessee not assuming or agreeing to perform its obligations under the Lease, as contemplated under Section 1110, during the 60-day period under Section 1110(a)(1)(A) of the Bankruptcy Code (or such longer period as may apply under Section 1110(b) of the Bankruptcy Code) or (B) at any time after agreeing to perform or assuming such obligations, such trustee or Lessee ceasing to perform such obligations with the result that the Continuous Stay Period comes to an end.

Indenture Trustee Event. Lease Event of Default", "Lease Default", Trust Indenture