Common use of Early Amortization Clause in Contracts

Early Amortization. (a) The occurrence of any of the following shall constitute an “Early Amortization Event”: (i) the Peak Debt Service Coverage Ratio Test is not satisfied on any Determination Date; (ii) the balance in the Reserve Account is less than the Aggregate Reserve Account Required Balance on any Payment Date after giving effect to the deposits set forth in Section 4.01 on such Payment Date; (iii) an Issuer has received written notice or has actual knowledge that an Event of Default shall have occurred under this Indenture or any other Senior Secured Debt Document; or (iv) an Issuer has received written notice or has actual knowledge that an “Early Amortization Event” shall have occurred under any Indebtedness incurred or issued after the Closing Date pursuant to and in accordance with Section 4.23(c). (b) Promptly upon knowledge thereof by a Responsible Officer of Delta or Loyalty Co, the Issuers shall give to the Trustee notice in writing of an Early Amortization Event.

Early Amortization. (a) The occurrence of any of the following shall constitute an “Early Amortization Event”: (i) the Peak Debt Service Coverage Ratio Test as set forth in any Payment Date Statement is not satisfied on any the related Determination Date; (ii) the balance in the Notes Reserve Account is less than the Aggregate Notes Reserve Account Required Balance on any Payment Date after giving effect to the deposits set forth in Section 4.01 on such Payment Date; (iii) an the Issuer has received written notice or has actual knowledge that an Event of Default shall have occurred under this Indenture or any other Senior Secured Debt DocumentIndenture; or (iv) an the Issuer has received written notice or has actual knowledge that an “Early Amortization Event” a Senior Secured Debt Event of Default shall have occurred under any Indebtedness incurred or issued after the Closing Date pursuant to and in accordance with Section 4.23(c)other Senior Secured Debt Document. (b) Promptly upon knowledge thereof by a Responsible Officer of Delta Alaska or Loyalty Co, the Issuers Issuer shall give to the Trustee notice in writing of an Early Amortization Event.

Early Amortization. (a) The occurrence of any of the following shall constitute an “Early Amortization Event”: (i) the Peak Debt Service Coverage Ratio Test is not satisfied on any Determination Date; (ii) the balance in the Notes Reserve Account is less than the Aggregate Notes Reserve Account Required Balance on any Payment Date after giving effect to the deposits set forth in Section 4.01 on such Payment Date; (iii) an Issuer has received written notice or has actual knowledge that an Event of Default shall have occurred under this Indenture or any other Senior Secured Debt Documentoccurred, and is continuing; or (iv) an Issuer has received written notice or has actual knowledge that an “Early Amortization Event” shall have occurred and is continuing under the Credit Agreement or any Indebtedness incurred or issued after the Closing Date pursuant to and in accordance with Section 4.23(c).other Senior Secured Debt Document (b) Promptly upon knowledge thereof by a Responsible an Officer of Delta American or Loyalty Co, the Issuers shall give to the Trustee notice in writing of an Early Amortization Event.