Aircraft Purchase Account. The Cash Manager shall establish and maintain the Aircraft Purchase Account in accordance with Section 3.01(h) of the Indenture.
Aircraft Purchase Account. The Cash Manager, acting on behalf of the Security Trustee, shall establish and maintain at the Operating Bank in the name of the Security Trustee, a trust account (the "Aircraft Purchase Account") for the purpose of (i) holding proceeds of the issuance of the Initial Notes on behalf of the Holders until such time as the Remaining Aircraft or Substitute Aircraft are delivered or such other time as the funds held therein are transferred to the Collection Account in accordance with Section 3.04 hereof and (ii) holding proceeds of any Additional Issuance pending application of such proceeds for the acquisition of Additional Aircraft. The Security Trustee shall have sole dominion and control over the Aircraft Purchase Account and all investments made through and/or maintained in the Aircraft Purchase Account, including authority to direct withdrawals from or transfers among the Aircraft Purchase Account and each other Account. Any amounts may be withdrawn or transferred from the Aircraft Purchase Account only in accordance with the provisions of this Indenture and the Cash Management Agreement by authorized officers or employees of the Security Trustee or agents authorized by the Security Trustee in writing (including the Cash Manager and any authorized agent thereof pursuant to the Cash Management Agreement). If, at any time such account is required to be maintained by the Issuer, the Aircraft Purchase Account ceases to be an Eligible Account, the Cash Manager or an agent thereof shall, within 10 Business Days, establish a new deposit account meeting the conditions set forth in this Section 3.01(h) and transfer any cash or investments in the existing Aircraft Purchase Account to such new deposit account; and from the date such new deposit account is established, it shall be the "Aircraft Purchase Account".
Aircraft Purchase Account. (i) As and to the extent provided in Section 3.06(a) (and, in the case of any Additional Aircraft acquired with the proceeds of Additional Notes, as supplemented by the terms of any indenture supplemental hereto or a Board Resolution with respect to the Additional Notes for such Additional Aircraft), an amount equal to the Aircraft Allocation Amount for each Initial Aircraft or, in the case of an Additional Aircraft being acquired with the proceeds of Additional Notes, an amount equal to the Aircraft Allocation Amount for such Additional Aircraft, will be transferred from the Collections Account out of the proceeds of the Initial Notes or out of the proceeds of the Additional Notes (as the case may be) to the Aircraft Purchase Account for such Aircraft on the applicable Closing Date. As and to the extent provided in Sections 3.06 and 5.02(h), if the acquisition of an Additional Aircraft is to be funded using Available Disposition Proceeds, an amount equal to the amount permitted to be applied for such purpose will be transferred from the Aircraft Disposition Account to the Aircraft Purchase Account for such Aircraft on the applicable Delivery Date for such Aircraft. Any amounts so deposited in an Aircraft Purchase Account will be held in that Account and invested in Permitted Account Investments until applied as provided in Section 3.06. The Issuer or the Administrative Agent shall notify the Security Trustee and the Cash Manager of the satisfaction or waiver (specifying which) of all conditions for the payment of the Aircraft Purchase Price of any Aircraft not acquired on the Initial Closing Date.
