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 funds available to it for such purposes under the Pass Through Trust Agreement, to be evidenced by the Equipment Note, to the 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 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 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 funds available to it for such purposes purpose under the Pass Through Trust Agreement, to be evidenced by the Equipment NoteNotes, to the Owner Trustee in the amount equal to the product of the Total aggregate Equipment Cost for the Units delivered on the Closing Date and the percentage set forth opposite the such Loan Participant's name in Schedule 2 (the "Loan Participant's Commitment"). The Equipment Note Notes 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 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 funds available to it for such purposes purpose under the Pass Through Trust Agreement, to be evidenced by the Equipment Note, to the 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 set forth opposite the such Loan Participant's name in Schedule 2 (the "Loan Participant's Commitment"). The Equipment Note Notes shall bear interest at the Debt Rate.