Common use of Mandatory Redemption of Equipment Notes Clause in Contracts

Mandatory Redemption of Equipment Notes. The Company shall redeem the Equipment Notes in whole in connection with an Event of Loss in respect of the Airframe or the Airframe and the Engines installed thereon (unless the Company shall have performed the option set forth in Section 7.05(a)(i) with respect thereto) on or Indenture and Security Agreement (American Airlines 2013-2 Aircraft EETC) [Reg. No.] before the Loss Payment Date at a redemption price equal to 100% of the unpaid principal amount thereof, together with all accrued and unpaid interest thereon to (but excluding) the date of redemption, but without any Premium Amount, and all other Secured Obligations owed or then due and payable to the Noteholders.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

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Mandatory Redemption of Equipment Notes. The Company shall redeem the Equipment Notes in whole in connection with an Event of Loss in respect of the Airframe or the Airframe and the Engines installed thereon (unless the Company shall have performed the option set forth in Section 7.05(a)(i) with respect thereto) on or Indenture and Security Agreement (American Airlines 2013-2 Aircraft EETC) [Reg. No.] N907AN before the Loss Payment Date at a redemption price equal to 100% of the unpaid principal amount thereof, together with all accrued and unpaid interest thereon to (but excluding) the date of redemption, but without any Premium Amount, and all other Secured Obligations owed or then due and payable to the Noteholders.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Mandatory Redemption of Equipment Notes. The Company shall redeem the Equipment Notes in whole in connection with an Event of Loss in respect of the Airframe or the Airframe and the Engines installed thereon (unless the Company shall have performed the option set forth in Section 7.05(a)(i) with respect thereto) on or Indenture and Security Agreement (American Airlines 2013-2 Aircraft EETC) [Reg. No.] before the Loss Payment Date at a redemption price equal to 100% of the unpaid principal amount thereof, together with all accrued and unpaid interest thereon to (but Indenture and Security Agreement (American Airlines 2011-2 Aircraft EETC) [Reg. No.] excluding) the date of redemption, but without any Premium Make-Whole Amount, and all other Secured Obligations owed or then due and payable to the Noteholders.

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

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Mandatory Redemption of Equipment Notes. The Company shall redeem the Equipment Notes in whole in connection with an Event of Loss in respect of the Airframe or the Airframe and the Engines installed thereon (unless the Company shall have has Indenture and Security Agreement (2011-1 EETC) [Reg. No.] performed the option set forth in Section 7.05(a)(i) with respect thereto) on or Indenture and Security Agreement (American Airlines 2013-2 Aircraft EETC) [Reg. No.] before the Loss Payment Date at a redemption price equal to 100% of the unpaid principal amount thereof, together with all accrued and unpaid interest thereon to (but excluding) the date of redemption, but without any Premium Amount, redemption and all other Secured Obligations owed or then due and payable to the Noteholders, but without any Make-Whole Amount.

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

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