Termination of Indenture. Subject to Section 7.05, upon (or at any time after) payment in full of the principal amount of, Make-Whole Amount, if any, and interest on and all other amounts due under all Equipment Notes and provided that (i) there shall then be (x) no other Secured Obligations due to Noteholders, Loan Trustee and other Indenture Indemnitees hereunder, under the Participation Agreement or any other Operative Document, and (y) no Related Secured Obligations due under any Related Indenture or any other “Operative Document” (as defined in any Related Indenture) and (ii) in the case of any redemption of all of the Equipment Notes pursuant to Section 2.11(a), the provisions of the foregoing clause (i) shall apply and no Related Indenture Bankruptcy Default or Related Indenture Event of Default shall have occurred and be continuing, Company shall direct Loan Trustee to execute and deliver to or as directed in writing by Company an appropriate instrument releasing the Aircraft and the Engines and (subject to paragraph (vii) of clause “third” of Section 3.03, if applicable) all other Collateral from the Lien of this Indenture and Loan Trustee shall execute and deliver such instrument as aforesaid; provided that this Indenture and the trusts created hereby shall earlier terminate and this Indenture shall be of no further force or effect upon any sale or other final disposition by Loan Trustee of all property constituting part of the Collateral and the final distribution by Loan Trustee of all monies or other property or proceeds constituting part of the Collateral in accordance with the terms hereof. Except as aforesaid otherwise provided, this Indenture and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.
Termination of Indenture. Section 8.01.
Termination of Indenture. Subject to Sections 7.04 and 7.05, upon (or at any time after) payment in full of the principal amount of, Make-Whole Amount, if any, and interest on and all other amounts then due under all Equipment Notes and provided that there shall then be (x) no other Secured Obligations due and unpaid to Noteholders, Loan Trustee and other Indenture Indemnitees hereunder, under the Participation Agreement or any other Operative Document, and (y) no Related Secured Obligations due and unpaid under any Related Indenture or any other “Operative Document” (as defined in any Related Indenture), Company shall direct Loan Trustee to execute and deliver to or as directed in writing by Company an appropriate instrument releasing the Aircraft and the Engines and (subject to paragraph (ix) of clause “third” of Section 3.03, if applicable) all other Collateral from the Lien of this Indenture and Loan Trustee shall execute and deliver such instrument as aforesaid; provided that this Indenture and the trusts created hereby shall earlier terminate and this Indenture shall be of no further force or effect upon any sale or other final disposition by Loan Trustee of all property constituting part of the Collateral and the final distribution by Loan Trustee of all monies or other property or proceeds constituting part of the Collateral in accordance with the terms hereof. Except as aforesaid otherwise provided, this Indenture and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.
Termination of Indenture. This Indenture and the ------------------------ trusts created hereby shall terminate, and this Indenture shall be of no further force or effect, when:
(a) the principal of and interest on and all other amounts due and payable under all Secured Notes and all other amounts due and payable to any Holder or the Indenture Trustee hereunder or under any other Operative Document shall have been paid in full; or
(b) the Indenture Trustee shall have sold or made other final disposition of all property and all moneys or other property or proceeds constituting part of the Indenture Estate in accordance with the terms hereof; or
(c) all Secured Notes not theretofore delivered to the Indenture Trustee for cancellation have become due and payable (whether upon stated maturity, as a result of redemption or upon acceleration), or will become due and payable (including as a result of redemption in respect of which irrevocable notice has been given to the Indenture Trustee on or prior to the date of such deposit) at maturity within one year, and there has been deposited with the Indenture Trustee in trust for the purpose of paying and discharging the entire indebtedness on the Secured Notes not theretofore canceled by the Indenture Trustee or delivered to the Indenture Trustee for cancellation, an amount in cash sufficient without reinvestment thereof to discharge such indebtedness, including the principal of and interest on the Secured Notes to the date of such deposit (in the case of Secured Notes which have become due and payable), or to the maturity thereof, as the case may be; or
(i) the Owner Trust has deposited or caused to be deposited irrevocably (except as provided in Section 7.09(b)) with the Indenture Trustee as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders, (A) money in an amount, or (B) U.S. Government Obligations which, through the payment of interest and principal in respect thereof in accordance with their terms, will provide (not later than one Business Day before the due date or any payment referred to below in this clause) money in an amount, or (C) a combination of money and U.S. Government Obligations referred to in the foregoing clause (B), sufficient, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Indenture Trustee, to pay and discharge each installment of principal of and interes...
Termination of Indenture. Upon payment in full of the Principal Amount of, Make-Whole Amount, if any, and all accrued and unpaid interest on and other amounts then due with respect to the Equipment Notes and provided that there shall then be no other amounts then due to the Note Holders and the Indenture Trustee hereunder or under the Lease or the Refunding Agreement or otherwise secured hereby, the Lien of this Indenture shall be deemed discharged and the security interests in favor of the Indenture Trustee and the Note Holders hereunder shall terminate, and the Owner Trustee shall direct the Indenture Trustee to execute and deliver to or as directed in writing by the Owner Trustee, an appropriate instrument evidencing the discharge of such Lien and the termination of such security interest in the Engine and release of the Indenture Documents from the assignment and pledge thereof hereunder, and the Indenture Trustee shall execute and deliver such instrument as aforesaid and, at the Owner Trustee's expense, will execute and deliver such other instruments or documents as may be reasonably requested by the Owner Trustee to give effect to such discharge, termination and release; provided, however, that this Indenture Trust Indenture
Termination of Indenture. 75 SECTION 10.02. No Legal Title to Indenture Estate in Holders...................................................... 75 SECTION 10.03.
Termination of Indenture. The respective obligations and responsibilities of the Issuer, the Servicer and the Indenture Trustee created hereby (other than those which by their terms survive) shall terminate upon payment in full of all Outstanding Notes and the satisfaction in full of all other obligations of the Issuer, the Servicer and the Indenture Trustee pursuant to this Indenture.
Termination of Indenture. (a) Upon (or at any time after):
(i) payment in full of the principal amount, Make-Whole Amount, if any, and interest on and all other amounts due under all Equipment Notes and provided that there shall then be no other Secured Obligations due to Noteholders, Indenture Indemnitees and Loan Trustee hereunder or under the Participation Agreement; or
(ii) the 91st day after there has been irrevocably deposited (except as provided in Section 2.15 or 10.01(d)) with Loan Trustee as funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of Noteholders: (A) money in an amount, (B) U.S. Government Obligations that, through the payment of interest and principal in respect thereof in accordance with their terms, will provide (not later than one Business Day before the due date of any payment referred to below in this paragraph) money in an amount, or (C) a combination of money and U.S. Government Obligations referred to in the foregoing clause (B), sufficient, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to Loan Trustee, to pay in full the outstanding principal amount of and interest on all the Equipment Notes then outstanding on the dates such amounts are due; provided, however, that
(1) Company has delivered to Loan Trustee an officer's certificate and an opinion of counsel to the effect that there has been a change in tax law since April 23, 2002 or has been published by the Internal Revenue Service a ruling to the effect that Noteholders and the holders of the Pass Through Certificates will not recognize income, gain or loss for United States Federal income tax purposes as a result of the exercise by Company of its option under this subsection (ii) and will be subject to United States Federal income tax on the same amounts and in the same manner and at the same times, as would have been the case if such option had not been exercised;
(2) all other amounts then due and payable hereunder have been paid;
(3) Company has delivered to Loan Trustee an officer's certificate and an opinion of counsel (which may be internal counsel to Company), each stating that all conditions precedent to the satisfaction and discharge of this Indenture set forth in this Section 10.01 have been complied with;
(4) such deposit will not result in a breach or violation of, or constitute an Event of Default under, this Indenture;
(5) no Event of Default set...
Termination of Indenture. 57 Section 10.02 No Legal Title to Collateral in Noteholders.................................................. 58 Section 10.03 Sale of Aircraft by Loan Trustee is Binding.................................................. 58 Section 10.04 Indenture for Benefit of Company, Loan Trustee and Noteholders............................... 58 Section 10.05 Notices...................................................................................... 58 Section 10.06 Severability................................................................................. 59 Section 10.07 No Oral Modification or Continuing Waivers................................................... 59 Section 10.08 Successors and Assigns....................................................................... 60 Section 10.09 Headings..................................................................................... 60 Section 10.10 Normal Commercial Relations.................................................................. 60 Section 10.11 Voting by Noteholders........................................................................ 60 Section 10.12 Section 1110................................................................................. 60 Section 10.13 Company's Performance and Rights............................................................. 60 Section 10.14 Counterparts................................................................................. 60 Section 10.15 Governing Law................................................................................ 61 Section 10.16
Termination of Indenture. 70 SECTION 11.02. No Legal Title to Indenture Estate in Note Holders........................70 SECTION 11.03. Sale of Aircraft by Indenture Trustee Is Binding.............................71 SECTION 11.04. Indenture for Benefit of Owner, Indenture..............................71 SECTION 11.05. Notices. ................................71 SECTION 11.06. Severability. ...........................72 SECTION 11.07. No Oral Modification or Continuing Waivers................................72 SECTION 11.08. Successors and Assigns...................72 SECTION 11.09. Headings.................................72 SECTION 11.10. Normal Commercial Relations..............73 SECTION 11.11. Governing Law; Counterpart Form..........73 SECTION 11.12. Voting By Note Holders...................73 SECTION 11.13. Bankruptcy...............................73 SECTION 11.14. References...............................73 EXHIBIT A INDENTURE SUPPLEMENT........................Exhibit A-1 SCHEDULE I PRINCIPAL AMOUNT, INTEREST RATE AND MATURITIES. ...........................Schedule I-1
