Common use of Payment of the Certificates Clause in Contracts

Payment of the Certificates. It shall be an absolute condition precedent to the Lessor's right to retain the Aircraft and to the termination of the Term pursuant to this Section 10.02 that the Lessor (or the Lessee to the extent set forth in Section 10.02(a) hereof) shall have paid to the Holders and such Holders shall have received the entire outstanding principal amount of, the aggregate amount of any Make-Whole Premium and accrued interest on the Certificates on the Proposed Termination Date and all other sums due and owing to the Indenture Trustee and the Holders on or prior to the Proposed Termination Date under this Lease, the Indenture or any other Operative Agreement.

Payment of the Certificates. It shall be an absolute condition precedent to the Lessor's right to retain the Aircraft and to the termination of the Term pursuant to this Section 10.02 that the Lessor (or the Lessee to the extent set forth in Section 10.02(a) hereof) shall have paid to the Holders and such Holders shall have received the entire outstanding principal amount of, the aggregate amount of any Make-Whole Premium and accrued interest on the Certificates on the Proposed Termination Date and all other sums due and owing to the Indenture Trustee and the Holders on or prior to the Proposed Termination Date under this Lease, the Indenture or any other Operative Agreement.