Common use of Certificate Account and Special Payments Account Clause in Contracts

Certificate Account and Special Payments Account. (a) The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee (under an Intercreditor Agreement, if applicable) with respect to the Certificates of such series, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such Certificate Account.

Appears in 22 contracts

Samples: Through Trust Agreement (Spirit Airlines, Inc.), Pass Through Trust Agreement (Continental Airlines Inc /De/), Through Trust Agreement (Sun Country Airlines Holdings, Inc.)

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Certificate Account and Special Payments Account. (a) The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee (under an the Intercreditor Agreement, if applicable) with respect to the Certificates of such series, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such Certificate Account.

Appears in 4 contracts

Samples: Through Trust Agreement (Atlas Air Inc), Trust Agreement (Atlas Air Inc), Through Trust Agreement (Atlas Air Inc)

Certificate Account and Special Payments Account. (a) The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this Agreement or any Intercreditor Agreement. On each day when a Scheduled Payment is made to the Trustee (under an Intercreditor Agreement, if applicable) with respect to the Certificates of such any series, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such the applicable Certificate Account.

Appears in 4 contracts

Samples: Through Trust Agreement (Us Airways Inc), Trust Agreement (American Airlines Inc), Trust Agreement (America West Airlines Inc)

Certificate Account and Special Payments Account. (a) The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such the Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this AgreementBasic Agreement or the related Trust Supplement. On each day when a Scheduled Payment is made under any Indenture to the Trustee (under an Intercreditor Agreement, if applicable) with respect to the Certificates of such series, the Trustee, as holder of the Equipment Notes issued under such Indenture, the Trustee upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such the applicable Certificate Account.

Appears in 3 contracts

Samples: Trust Agreement (Gatx Corp), Through Trust Agreement (Gatx Corp), Trust Agreement (Gatx Financial Corp)

Certificate Account and Special Payments Account. (a) The ------------------------------------------------ Trustee shall establish and maintain on behalf of the Certificateholders of each series class a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such Certificate Account in trust for the benefit of the Certificateholders of such seriesclass, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee (under an the Intercreditor Agreement, if applicable) Agreement with respect to the Certificates of such seriesclass, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such the applicable Certificate Account.

Appears in 2 contracts

Samples: Through Trust Agreement (United Air Lines Inc), Through Trust Agreement (United Air Lines Inc)

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Certificate Account and Special Payments Account. (a) The Trustee shall establish and maintain on behalf of the Certificateholders of each series class a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such Certificate Account in trust for the benefit of the Certificateholders of such seriesclass, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee (under an the Intercreditor Agreement, if applicable) Agreement with respect to the Certificates of such seriesclass, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such the applicable Certificate Account.

Appears in 2 contracts

Samples: Trust Agreement (United Air Lines Inc), Through Trust Agreement (United Air Lines Inc)

Certificate Account and Special Payments Account. (a) The Trustee shall establish and maintain on behalf of the Certificateholders of each series a the Certificate Account with the Trustee as one or more non-interest-interest bearing accounts. The Trustee shall hold such the Certificate Account in trust for the benefit of the Certificateholders of such seriesCertificateholders, and shall make or permit withdrawals therefrom only as provided in this Trust Agreement. On each day when a Scheduled Payment is made under any Indenture to the Trustee (under an Intercreditor Agreement, if applicable) with respect to the Certificates of such series, the Trustee, as holder of the Equipment Notes issued under such Indenture, the Trustee upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such the Certificate Account.

Appears in 2 contracts

Samples: Through Trust Agreement (Trinity Industries Inc), Through Trust Agreement (Trinity Industries Inc)

Certificate Account and Special Payments Account. (a) The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee (under an any Intercreditor Agreement, if applicable) Agreement with respect to the Certificates of such series, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such the applicable Certificate Account.

Appears in 2 contracts

Samples: Trust Agreement (United Air Lines Inc), Trust Agreement (United Air Lines Inc)

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