Common use of Debt Participation Clause in Contracts

Debt Participation. On the Closing Date, subject to the terms and conditions hereof and on the basis of the representations and warranties set forth herein, the Loan Participant agrees to participate in the payment of the Total Equipment Cost for the Units delivered on the Closing Date by making a secured loan, not from its own funds but solely from the Consideration (as defined in the Pass Through Trust Agreement) received by it from the sale of the Pass Through Trust Certificates, to be evidenced by the Equipment Note, to the Trust, in the amount equal to the product of the Total Equipment Cost for the Units delivered on the Closing Date and the percentage (not in excess of 80%) set forth opposite the Loan Participant's name in Schedule 2 (the "Loan Participant's Commitment"). The Equipment Note shall bear interest at the Debt Rate.

Debt Participation. On the Closing Date, subject to the terms and conditions hereof and on the basis of the representations and warranties set forth Participation Agreement (TRLI 2001-1A) 4 herein, the Loan Participant agrees to participate in the payment of the Total Equipment Cost for the Units delivered on the Closing Date by making a secured loan, not from its own funds but solely from the Consideration (as defined in funds available to it for such purposes under the Pass Through Trust Agreement) received by it from the sale of the Pass Through Trust Certificates, to be evidenced by the Equipment Note, to the Trust, Owner Trustee in the amount equal to the product of the Total Equipment Cost for the Units delivered on the Closing Date and the percentage (not in excess of 80%) set forth opposite the Loan Participant's name in Schedule 2 (the "Loan Participant's Commitment"). The Equipment Note shall bear interest at the Debt Rate.

Debt Participation. On the Closing Date, subject to the terms and conditions hereof and on the basis of the representations and warranties set forth Participation Agreement (TRLI 2001-1A) herein, the Loan Participant agrees to participate in the payment of the Total Equipment Cost for the Units delivered on the Closing Date by making a secured loan, not from its own funds but solely from the Consideration (as defined in funds available to it for such purposes under the Pass Through Trust Agreement) received by it from the sale of the Pass Through Trust Certificates, to be evidenced by the Equipment Note, to the Trust, Owner Trustee in the amount equal to the product of the Total Equipment Cost for the Units delivered on the Closing Date and the percentage (not in excess of 80%) set forth opposite the Loan Participant's name in Schedule 2 (the "Loan Participant's Commitment"). The Equipment Note shall bear interest at the Debt Rate.