Common use of Basic Distributions Clause in Contracts

Basic Distributions. Except as otherwise provided in Sections 3.02 and 3.03, each periodic payment of principal or interest on the Equipment Notes received by the Indenture Trustee shall be promptly distributed in the following order of priority: (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G Equipment Notes shall be distributed to the Note Holders of Series G ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G Equipment Note bears to the aggregate amount of the payments then due under all Series G Equipment Notes; and (ii) after giving effect to paragraph (i) above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C Equipment Notes shall be distributed to the Note Holders of Series C ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C Equipment Note bears to the aggregate amount of the payments then due under all Series C Equipment Notes.

Appears in 4 contracts

Samples: Indenture and Security Agreement (Us Airways Inc), Indenture and Security Agreement (Us Airways Inc), Indenture and Security Agreement (Us Airways Inc)

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Basic Distributions. Except as otherwise provided in Sections 3.02 ‎3.02, ‎3.03 and 3.03‎3.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G AA Equipment Notes shall be distributed to the Note Holders Noteholders of Series G AA Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G AA Equipment Note bears to the aggregate amount of the payments then due under all Series G AA Equipment Notes; and (ii) second,; after giving effect to clause “first” above (and except as otherwise provided in an amendment to this Indenture pursuant to paragraph (ixiii) above, or (xiv) of ‎Section 9.01) so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series C Equipment Notes of a specified Series shall be distributed to the Note Holders Noteholders of Additional Series C Equipment Notes of such Series ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series C Equipment Note of such Series bears to the aggregate amount of the payments then due under all Additional Series C Equipment NotesNotes of such Series, provided that this clause “third” shall apply to each Series of Additional Series Equipment Notes in order of priority of payment; and fourth¸ the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 2 contracts

Samples: Indenture and Security Agreement (Fedex Corp), Indenture and Security Agreement (Fedex Corp)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G AA Equipment Notes shall be distributed to the Note Holders Noteholders of Series G AA Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G AA Equipment Note bears to the aggregate amount of the payments then due under all Series G AA Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C A Equipment Notes shall be distributed to the Note Holders Noteholders of Series C A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C A Equipment Note bears to the aggregate amount of the payments then due under all Series C A Equipment Notes; third, after giving effect to clause “second” above (and except as otherwise provided in an amendment to this Indenture pursuant to paragraph (xiii) or (xiv) of Section 9.01) so much of such payment remaining as is required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent Indenture and Security Agreement (2019-1 EETC) N976JT permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes of a specified Series shall be distributed to Noteholders of Additional Series Equipment Notes of such Series ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series Equipment Note of such Series bears to the aggregate amount of the payments then due under all Additional Series Equipment Notes of such Series, provided that this clause “third” shall apply to each Series of Additional Series Equipment Notes in order of priority of payment; and fourth¸ the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 2 contracts

Samples: Indenture and Security Agreement (Jetblue Airways Corp), Indenture and Security Agreement (Jetblue Airways Corp)

Basic Distributions. Except as otherwise provided in Sections 3.02 Section 3.02, Section 3.03 and 3.03Section 3.04, each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G AA Equipment Notes shall be distributed to the Note Holders Noteholders of Series G AA Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G AA Equipment Note bears to the aggregate amount of the payments then due under all Series G AA Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C A Equipment Notes shall be distributed to the Note Holders Noteholders of Series C A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C A Equipment Note bears to the aggregate amount of the payments then due under all Series C A Equipment Notes; third, after giving effect to clause “second” above, so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series B Equipment Notes shall be distributed to the Noteholders of Series B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series B Equipment Note bears to the aggregate amount of the payments then due under all Series B Equipment Notes; Indenture and Security Agreement (American Airlines 2019-1 Aircraft EETC) [Reg. No.] fourth, after giving effect to clause “third” above (and except as otherwise provided in an amendment to this Indenture pursuant to clause (xv) of Section 9.01), so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes of a specified Series shall be distributed to the Noteholders of Additional Series Equipment Notes of such Series ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series Equipment Note of such Series bears to the aggregate amount of the payments then due under all Additional Series Equipment Notes of such Series, provided that this clause “fourth” shall apply to each Series of Additional Series Equipment Notes in order of priority of payment; and fifth, the balance, if any, of such installment remaining thereafter shall be distributed to the Company.

Appears in 2 contracts

Samples: Participation Agreement (American Airlines Inc), Deposit Agreement

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) FIRST, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A-1 Equipment Notes and Series A-2 Equipment Notes shall be distributed to the Note Holders Noteholders of Series G A-1 Equipment Notes and Series A-2 Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A-1 Equipment Note or Series A-2 Equipment Note bears to the aggregate amount of the payments then due under all Series G A-1 Equipment Notes and Series A-2 Equipment Notes; and (ii) SECOND, after giving effect to paragraph (i) clause "first" above, so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and other overdue amounts) then due under all Series B Equipment Notes shall be distributed to the Noteholders of Series B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series B Equipment Note bears to the aggregate amount of the payments then due under all Series B Equipment Notes; THIRD, after giving effect to clause "second" above, so much of such payment remaining as is required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C Equipment Notes shall be distributed to the Note Holders Noteholders of Series C Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C Equipment Note bears to the aggregate amount of the payments then due under all Series C Equipment Notes; FOURTH, after giving effect to clause "third" above, so much of such payment remaining as is required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series D Equipment Notes shall be distributed to the Noteholders of Series D Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series D Equipment Note bears to the aggregate amount of the payments then due under all Series D Equipment Notes; and FIFTH, the balance, if any, of such installment remaining thereafter shall be distributed to the Company.

Appears in 2 contracts

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/), Indenture and Security Agreement (Delta Air Lines Inc /De/)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders Noteholders of Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C B Equipment Notes shall be distributed to the Note Holders Noteholders of Series C B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C B Equipment Note bears to the aggregate amount of the payments then due under all Series C B Equipment Notes.;

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Basic Distributions. Except as otherwise provided in Sections 3.02 Section 3.02, Section 3.03 and 3.03Section 3.04, each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders Noteholders of Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; 27 Indenture and Security Agreement (iiAmerican Airlines 2021-1 EETC) [Reg. No.] second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C B Equipment Notes shall be distributed to the Note Holders Noteholders of Series C B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C B Equipment Note bears to the aggregate amount of the payments then due under all Series C B Equipment Notes.;

Appears in 1 contract

Samples: Participation Agreement (American Airlines, Inc.)

Basic Distributions. Except as otherwise provided in Sections 3.02 Section 3.02, Section 3.03 and 3.03Section 3.04, each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders Noteholders of Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C B Equipment Notes shall be distributed to the Note Holders Noteholders of Series C B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C B Equipment Note bears to the aggregate amount of the payments then due under all Series C B Equipment Notes; Indenture and Security Agreement [Reg. No.] third, after giving effect to clause “second” above (if any Additional Series Equipment Notes of a specified series shall have been issued hereunder and except as this clause “third” may be modified pursuant to clause (xv) of Section 9.01 in connection with any issuance or redemption and issuance from time to time of Additional Series Equipment Notes of one or more series), so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes of such series shall be distributed to the Noteholders of Additional Series Equipment Notes of such series ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series Equipment Note of such series bears to the aggregate amount of the payments then due under all Additional Series Equipment Notes of such series; and fourth, the balance, if any, of such installment remaining thereafter shall be distributed to the Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G G-1 Equipment Notes and Series G-2 Equipment Notes shall be distributed to the Note Holders Noteholders of Series G G-1 Equipment Notes and Series G-2 Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G G-1 Equipment Note or Series G-2 Equipment Note bears to the aggregate amount of the payments then due under all Series G G-1 Equipment Notes and Series G-2 Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause "first" above, so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C Equipment Notes shall be distributed to the Note Holders Noteholders of Series C Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C Equipment Note bears to the aggregate amount of the payments then due under all Series C Equipment Notes; and third, the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G AA Equipment Notes shall be distributed to the Note Holders Noteholders of Series G AA Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G AA Equipment Note bears to the aggregate amount of the payments then due under all Series G AA Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C A Equipment Notes shall be distributed to the Note Holders Noteholders of Series C A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C A Equipment Note bears to the aggregate amount of the payments then due under all Series C A Equipment Notes; third, after giving effect to clause “second” above (and except as otherwise provided in an amendment to this Indenture pursuant to paragraph (xiii) or (xiv) of Section 9.01) so much of such payment remaining as is required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue N301DV amounts) then due under all Additional Series Equipment Notes of a specified Series shall be distributed to Noteholders of Additional Series Equipment Notes of such Series ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series Equipment Note of such Series bears to the aggregate amount of the payments then due under all Additional Series Equipment Notes of such Series, provided that this clause “third” shall apply to each Series of Additional Series Equipment Notes in order of priority of payment; and fourth¸ the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines, Inc.)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders Noteholders of Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; and (ii) second, after giving effect to clause “first” above (if any Series B Equipment Notes shall have been issued hereunder and except as this clause “second” may be modified pursuant to paragraph (ixv) aboveof Section 9.01 in connection with the original issuance or subsequent redemption and issuance from time to time of such Series B Equipment Notes), so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C B Equipment Notes shall be distributed to the Note Holders Noteholders of Series C B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C B Equipment Note bears to the aggregate amount of the payments then due under all Series C B Equipment Notes; and third, the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Basic Distributions. Except as otherwise provided in Sections 3.02 and 3.03, each periodic payment of principal or interest on the Equipment Notes received by the Indenture Trustee shall be promptly distributed in the following order of priority: (i) so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders of Series G A ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; and (ii) after giving effect to paragraph (i) above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series B Equipment Notes shall be distributed to the Note Holders of Series B ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series B Equipment Note bears to the aggregate amount of the payments then due under all Series B Equipment Notes; and (iii) after giving effect to paragraph (ii) above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount and interest and other amounts (as well as any interest on any overdue Principal Amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C Equipment Notes shall be distributed to the Note Holders of Series C ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C Equipment Note bears to the aggregate amount of the payments then due under all Series C Equipment Notes.

Appears in 1 contract

Samples: Indenture and Security Agreement (Us Airways Inc)

Basic Distributions. Except as otherwise provided in Sections 3.02 Section 3.02, Section 3.03, Section 3.04 and 3.03Section 3.05, each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G Equipment Notes shall be distributed to the Note Holders Noteholders of Series G Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G Equipment Note bears to the aggregate amount of the payments then due under all Series G Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause "first" above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C Equipment Notes shall be distributed to the Note Holders Noteholders of Series C Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C Equipment Note bears to the aggregate amount of the payments then due under all Series C Equipment Notes; third, after giving effect to clause "second" above, so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series D Equipment Notes shall be distributed to the Noteholders of Series D Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series D Equipment Note bears to the aggregate amount of the payments then due under all Series D Equipment Notes; fourth, after giving effect to clause "third" above, if any Series E Equipment Notes shall have been issued hereunder, so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series E Equipment Notes shall be distributed to the Noteholders of Series E Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series E Equipment Note bears to the aggregate amount of the payments then due under all Series E Equipment Notes; and fifth, the balance, if any, of such installment remaining thereafter shall be distributed to the Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

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Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders Noteholders of Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; and (ii) second, after giving effect to clause “first” above (except as this clause “second” may be modified pursuant to paragraph (ixv) aboveof Section 9.01 in connection with the successive redemption of Series B Equipment Notes and issuance from time to time of new Series B Equipment Notes), so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C B 29 Equipment Notes shall be distributed to the Note Holders Noteholders of Series C B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C B Equipment Note bears to the aggregate amount of the payments then due under all Series C B Equipment Notes; and third, the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G AA Equipment Notes shall be distributed to the Note Holders Noteholders of Series G AA Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G AA Equipment Note bears to the aggregate amount of the payments then due under all Series G AA Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C A Equipment Notes shall be distributed to the Note Holders Noteholders of Series C A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C A Equipment Note bears to the aggregate amount of the payments then due under all Series C A Equipment Notes; third, after giving effect to clause “second” above (and except as otherwise provided in an amendment to this Indenture pursuant to paragraph (xiii) or (xiv) of Section 9.01) so much of such payment remaining as is required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes of a specified Series shall be distributed to Noteholders of Additional Series Equipment Notes of such Series ratably, without priority of one over the other, in the proportion that N360DN the amount of such payment or payments then due under each Additional Series Equipment Note of such Series bears to the aggregate amount of the payments then due under all Additional Series Equipment Notes of such Series, provided that this clause “third” shall apply to each Series of Additional Series Equipment Notes in order of priority of payment; and fourth¸ the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders Noteholders of Series G [Reg. No.] A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C B Equipment Notes shall be distributed to the Note Holders Noteholders of Series C B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C B Equipment Note bears to the aggregate amount of the payments then due under all Series C B Equipment Notes; third, after giving effect to clause “second” above (and except as otherwise provided in an amendment to this Indenture pursuant to paragraph (xv) of Section 9.01) so much of such payment remaining as is required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes shall be distributed to Noteholders of Additional Series Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series Equipment Note bears to the aggregate amount of the payments then due under all Additional Series Equipment Notes; and fourth¸ the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders Noteholders of Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be is required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C B Equipment Notes shall be distributed to the Note Holders Noteholders of Series C B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of Indenture and Security Agreement (2009-1 EETC) [Reg. No.] such payment or payments then due under each Series B Equipment Note bears to the aggregate amount of the payments then due under all Series B Equipment Notes; third, after giving effect to clause “second” above (and except as otherwise provided in an amendment to this Indenture pursuant to Section 9.01), so much of such payment remaining as is required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes shall be distributed to Noteholders of Additional Series Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series C Equipment Note bears to the aggregate amount of the payments then due under all Additional Series C Equipment Notes; and fourth, the balance, if any, of such installment remaining thereafter shall be distributed to Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Basic Distributions. Except as otherwise provided in Sections 3.02 3.02, 3.03 and 3.033.04, each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A-1 Equipment Notes and Series A-2 Equipment Notes shall be distributed to the Note Holders Noteholders of Series G A-1 Equipment Notes and Series A-2 Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A-1 Equipment Note or Series A-2 Equipment Note bears to the aggregate amount of the payments then due under all Series G A-1 Equipment Notes and Series A-2 Equipment Notes; and (ii) second, after giving effect to paragraph (i) clause "first" above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and other overdue amounts) then due under all Series B Equipment Notes shall be distributed to the Noteholders of Series B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series B Equipment Note bears to the aggregate amount of the payments then due under all Series B Equipment Notes; third, after giving effect to clause "second" above, so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C Equipment Notes shall be distributed to the Note Holders Noteholders of Series C Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C Equipment Note bears to the aggregate amount of the payments then due under all Series C Equipment Notes; fourth, after giving effect to clause "third" above, so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series E Equipment Notes shall be distributed to the Noteholders of Series E Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series E Equipment Note bears to the aggregate amount of the payments then due under all Series E Equipment Notes; and fifth, the balance, if any, of such installment remaining thereafter shall be distributed to the Company.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Basic Distributions. Except as otherwise provided in Sections 3.02 Section 3.02, Section 3.03 and 3.03Section 3.04, each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G AA Equipment Notes shall be distributed to the Note Holders Noteholders of Series G AA Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G AA Equipment Note bears to the aggregate amount of the payments then due under all Series G AA Equipment Notes; Indenture and Security Agreement (iiAmerican Airlines 2017-2 Aircraft EETC) [Reg. No.] second, after giving effect to paragraph (i) clause “first” above, so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C A Equipment Notes shall be distributed to the Note Holders Noteholders of Series C A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C A Equipment Note bears to the aggregate amount of the payments then due under all Series C A Equipment Notes; third, after giving effect to clause “second” above, so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series B Equipment Notes shall be distributed to the Noteholders of Series B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series B Equipment Note bears to the aggregate amount of the payments then due under all Series B Equipment Notes; fourth, after giving effect to clause “third” above (if any Additional Series Equipment Notes of a specified series shall have been issued hereunder and except as this clause “fourth” may be modified pursuant to clause (xv) of Section 9.01 in connection with any issuance or redemption and issuance from time to time of Additional Series Equipment Notes of one or more series), so much of such payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes of such series shall be distributed to the Noteholders of Additional Series Equipment Notes of such series ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series Equipment Note of such series bears to the aggregate amount of the payments then due under all Additional Series Equipment Notes of such series; and fifth, the balance, if any, of such installment remaining thereafter shall be distributed to the Company. Indenture and Security Agreement (American Airlines 2017-2 Aircraft EETC) [Reg. No.]

Appears in 1 contract

Samples: Participation Agreement (American Airlines Inc)

Basic Distributions. Except as otherwise provided in Sections 3.02 Section 3.02, Section 3.03 and 3.03Section 3.04, each periodic payment by the Company of regularly scheduled installments of principal or interest on the Equipment Notes received by the Indenture Loan Trustee shall be promptly distributed in the following order of priority: (i) first, so much of such installment or payment as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series G A Equipment Notes shall be distributed to the Note Holders Noteholders of Indenture and Security Agreement (American Airlines 2013-2 Aircraft EETC) [Reg. No.] Series G A Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series G A Equipment Note bears to the aggregate amount of the payments then due under all Series G A Equipment Notes; and (ii) second, after giving effect to paragraph clause “first” above (iif any Series B Equipment Notes shall have been issued hereunder and except as this clause “second” may be modified pursuant to clause (xv) aboveof Section 9.01 in connection with the original issuance or subsequent redemption and issuance from time to time of Series B Equipment Notes), so much of such installment or payment remaining as shall be required to pay in full the aggregate amount of the payment or payments of Principal Amount principal amount and interest and other amounts (as well as any interest on any overdue Principal Amount principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Series C B Equipment Notes shall be distributed to the Note Holders Noteholders of Series C B Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Series C B Equipment Note bears to the aggregate amount of the payments then due under all Series C B Equipment Notes; third, after giving effect to clause “second” above (if any Additional Series Equipment Notes shall have been issued hereunder and except as this clause “third” may be modified pursuant to clause (xv) of Section 9.01 in connection with the original issuance or subsequent redemption and issuance from time to time of Additional Series Equipment Notes), so much of such payment remaining as is required to pay in full the aggregate amount of the payment or payments of principal amount and interest (as well as any interest on any overdue principal amount and, to the extent permitted by applicable law, on any overdue interest and any other overdue amounts) then due under all Additional Series Equipment Notes shall be distributed to the Noteholders of Additional Series Equipment Notes ratably, without priority of one over the other, in the proportion that the amount of such payment or payments then due under each Additional Series Equipment Note bears to the aggregate amount of the payments then due under all Additional Series Equipment Notes; and fourth, the balance, if any, of such installment remaining thereafter shall be distributed to the Company. Indenture and Security Agreement (American Airlines 2013-2 Aircraft EETC) [Reg. No.]

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

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