Common use of Final Termination Date Clause in Contracts

Final Termination Date. The respective obligations and responsibilities of the Company and the Trustee created hereby and the Class C Trust created hereby shall terminate upon the distribution to all Class C Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, Xx., the father of Xxxx X. Xxxxxxx, former President of the United States, living on the date of this Trust Supplement. Notice of any termination of the Class C Trust, specifying the applicable Regular Distribution Date (or applicable Special Distribution Date, as the case may be) upon which the Class C Certificateholders may surrender their Class C Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed promptly by the Trustee to the Class C Certificateholders not earlier than 60 days and not later than 15 days preceding such final distribution.

Appears in 2 contracts

Samples: Trust Supplement (Spirit Airlines, Inc.), Intercreditor Agreement (Spirit Airlines, Inc.)

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Final Termination Date. The respective obligations and responsibilities of the Company and the Trustee created hereby and the Class C AA Trust created hereby shall terminate upon the distribution to all Class C AA Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, Xx., the father of Xxxx X. Xxxxxxx, former President of the United States, living on the date of this Trust Supplement. Notice of any termination of the Class C AA Trust, specifying the applicable Regular Distribution Date (or applicable Special Distribution Date, as the case may be) upon which the Class C AA Certificateholders may surrender their Class C AA Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed (or in the case of Global Certificates, sent electronically in accordance with DTC’s applicable procedures) promptly by the Trustee to the Class C AA Certificateholders not earlier than 60 days and not later than 15 days preceding such final distribution.

Appears in 1 contract

Samples: Trust Supplement (Spirit Airlines, Inc.)

Final Termination Date. The respective obligations and responsibilities of the Company and the Trustee created hereby and the Class C B Trust created hereby shall terminate upon the distribution to all Class C B Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, Xx., the father of Xxxx X. Xxxxxxx, former President of the United States, living on the date of this Trust Supplement. Notice of any termination of the Class C B Trust, specifying the applicable Regular Distribution Date (or applicable Special Distribution Date, as the case may be) upon which the Class C B Certificateholders may surrender their Class C B Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed promptly by the Trustee to the Class C B Certificateholders not earlier than 60 days and not later than 15 days preceding such final distribution.

Appears in 1 contract

Samples: Trust Supplement (Spirit Airlines, Inc.)

Final Termination Date. The respective obligations and responsibilities of the Company and the Trustee created hereby and the Class C A Trust created hereby shall terminate upon the distribution to all Class C A Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, Xx., the father of Xxxx X. Xxxxxxx, former President of the United States, living on the date of this Trust Supplement. Notice of any termination of the Class C A Trust, specifying the applicable Regular Distribution Date (or applicable Special Distribution Date, as the case may be) upon which the Class C A Certificateholders may surrender their Class C A Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed promptly by the Trustee to the Class C A Certificateholders not earlier than 60 days and not later than 15 days preceding such final distribution.

Appears in 1 contract

Samples: Trust Supplement (Spirit Airlines, Inc.)

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Final Termination Date. The respective obligations and responsibilities of the Company and the Trustee created hereby and the Class C A Trust created hereby shall terminate upon the distribution to all Class C A Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, Xx., the father of Xxxx X. Xxxxxxx, former President of the United States, living on the date of this Trust Supplement. Notice of any termination of the Class C A Trust, specifying the applicable Regular Distribution Date (or applicable Special Distribution Date, as the case may be) upon which the Class C A Certificateholders may surrender their Class C A Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed (or in the case of Global Certificates, sent electronically in accordance with DTC’s applicable procedures) promptly by the Trustee to the Class C A Certificateholders not earlier than 60 days and not later than 15 days preceding such final distribution.

Appears in 1 contract

Samples: Trust Supplement (Spirit Airlines, Inc.)

Final Termination Date. The respective obligations and responsibilities of the Company and the Trustee created hereby and the Class C B Trust created hereby shall terminate upon the distribution to all Class C B Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, Xx., the father of Xxxx X. Xxxxxxx, former President of the United States, living on the date of this Trust Supplement. Notice of any termination of the Class C B Trust, specifying the applicable Regular Distribution Date (or applicable Special Distribution Date, as the case may be) upon which the Class C B Certificateholders may surrender their Class C B Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed (or in the case of Global Certificates, sent electronically in accordance with DTC’s applicable procedures) promptly by the Trustee to the Class C B Certificateholders not earlier than 60 days and not later than 15 days preceding such final distribution.

Appears in 1 contract

Samples: Trust Agreement (Spirit Airlines, Inc.)

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