Common use of Mandatory Redemptions of Equipment Notes Clause in Contracts

Mandatory Redemptions of Equipment Notes. The Equipment Notes are subject to redemption as provided in this Section 2.10 and Section 2.11 and purchase as provided in Section 2.12. On the date on which Lessee is required pursuant to Section 11(a) of the Lease to make payment for an Event of Loss with respect to the Aircraft, all of the Equipment Notes shall be redeemed in whole at a redemption price equal to 100% of the unpaid Principal Amount thereof, together with all accrued interest thereon to, but not including, the date of redemption and all other amounts payable hereunder or under the Refunding Agreement to the Note Holders but without Make-Whole Amount, all in the order of priority specified in Section 3.02 hereof.

Mandatory Redemptions of Equipment Notes. The Equipment Notes are subject to redemption as provided in this Section 2.10 and Section 2.11 and purchase as provided in Section 2.12. On the date on which Lessee is required pursuant to Section 11(a) of the Lease to make payment for an Event of Loss with respect to the AircraftEngine, all of the Equipment Notes shall be redeemed in whole at a redemption price equal to 100% of the unpaid Principal Amount thereof, together with all accrued interest thereon to, but not including, the date of redemption and all other amounts payable hereunder or under the Refunding Agreement to the Note Holders but without Make-Whole Amount, all in the order of priority specified in Section 3.02 hereof.