Aircraft Purchase Accounts. As and to the extent provided in Section 3.04 hereof, an amount equal to the Aircraft Allocation Amount for each Remaining Aircraft acquired on the relevant Acquisition Date will be transferred from the Collections Account out of the proceeds of the ACS Group Loans and the Class E Securities to the Aircraft Purchase Account for such ACS Group Aircraft. The amount so deposited will be invested in Permitted Account Investments until applied as provided in Section 3.04 or 3.05 hereof. On each Payment Date an amount equal to the Monthly Principal Payment Amount and Investment Earnings for each Remaining Aircraft that is not part of the ACS Group Portfolio as of such Payment Date will be transferred to the Collections Account by the Operating Bank at the written direction of the Administrative Agent. The Borrower or the Guarantor, as applicable, shall notify the Collateral Agent and the Administrative Agent of the satisfaction or waiver (specifying which) of all conditions for the payment of the Aircraft Purchase Price of any ACS Group Aircraft not acquired on a Closing Date.
Aircraft Purchase Accounts. As and to the extent provided in Section 3.04 hereof (or, in the case of any ACS Group Additional Aircraft, in the terms of any indenture supplemental hereto or to the Guarantor Indenture, as applicable, or a Board Resolution or Guarantor Board Resolution, as applicable, with respect to the related ACS Group Additional Securities), an amount equal to the Aircraft Allocation Amount for each Remaining Aircraft acquired on the relevant Acquisition Date or, in the case of an Additional ACS Group Aircraft, on the Closing Date for the related ACS Group Additional Securities will be transferred from the Collections Account out of the proceeds of the ACS Group Initial Securities or ACS Group Additional Securities (as the case may be) to the Aircraft Purchase Account for such ACS Group Aircraft. The amount so deposited will be held in such Account and invested in Permitted Account Investments until applied as provided in Section 3.04 or 3.05 hereof. The Issuer or the Guarantor, as applicable, shall notify the Security Trustee and the Administrative Agent of the satisfaction or waiver (specifying which) of all conditions for the payment of the Aircraft Purchase Price of any ACS Group Aircraft not acquired on a Closing Date.
Aircraft Purchase Accounts. As and to the extent provided in Section 3.03 (or, in the case of any Additional Aircraft, in the terms of any indenture supplemental hereto or a Board Resolution with respect to the related Additional Notes), an amount equal to the Aircraft Allocation Amount for each Remaining New Aircraft or, in the case of an Additional Aircraft, on the Closing Date for the related Additional Notes will be transferred from the Collections Account out of the proceeds of the Second Issuance Notes or Additional Notes (as the case may be) to the Aircraft Purchase Account for that Aircraft. The amount so deposited will be held in that Account and invested in Permitted Account Investments until applied as provided in Section 3.04 or 3.05. The Issuer shall notify the Security Trustee and the Administrative Agent 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 Closing Date.
Aircraft Purchase Accounts. As and to the extent provided in Section 3.03(a) (or, in the case of any Additional Aircraft, in the terms of any indenture supplemental hereto or a Board Resolution with respect to the related Additional Notes), (a) an amount equal to the Debt Allocation Amount for each Aircraft not acquired on the Initial Closing Date or, in the case of an Additional Aircraft, on the Closing Date for the related Additional Notes, will be transferred from the Collections Account out of the proceeds of the Initial Notes or Additional Notes (as the case may be, including capital contributions in respect of the Class A Shares, after any other deposits or transfer out of such proceeds (including in respect of the Initial Expenses)) to the Aircraft Purchase Account for that Aircraft. The amount so deposited shall be held in such Account and invested in Permitted Account Investments until applied as provided in Section 3.04 or Section 3.05, as applicable. The Issuer shall give Written Notice to 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 Additional Aircraft, and no amounts may be withdrawn or transferred from the Aircraft Purchase Account with respect to the Aircraft Purchase Price of such Additional Aircraft until receipt of such notice as to such Additional Aircraft.
Aircraft Purchase Accounts. As and to the extent provided in Section 3.03(a), an amount equal to the Aircraft Purchase Price will be transferred from the Collections Account (out of the proceeds of the issuance of the Initial Notes and capital contributions in respect of the Class A Shares, after any other deposits or transfer out of such proceeds (including in respect of the Initial Expenses) to any other Account pursuant to Section 3.03(a)) to the Aircraft Purchase Account. The amount so deposited shall be held in such Account and invested in Permitted Account Investments until applied as provided in Section 3.04. Upon the occurrence of the Delivery Expiry Date under and as defined in the Asset Purchase Agreement, the Cash Manager shall direct the Operating Bank to transfer any remaining funds in the Aircraft Purchase Account to the Collections Account for application in accordance with Section 3.09. All proceeds of any Additional Notes shall, after making any other deposits out of such proceeds pursuant to Section 3.03 hereof or otherwise required by the terms of an indenture supplement hereto, a supplement to the Trust Agreement or a Board Resolution relating to such Additional Notes, be deposited in the Aircraft Purchase Account and shall be held in such Account and invested in Permitted Account Investments until applied for the purchase of Additional Aircraft in accordance with the relevant Acquisition Agreement. The Issuer shall give Written Notice to 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 Additional Aircraft, and no amounts may be withdrawn or transferred from the Aircraft Purchase Account with respect to the Aircraft Purchase Price of such Additional Aircraft until receipt of such notice as to such Additional Aircraft.
