Payment Date Second Step Withdrawals. On each Payment Date, after the withdrawals and transfers provided for in Section 3.07 of the Indenture have been made at the direction of the Administrative Agent (except as permitted in clause (F) below) the Administrative Agent shall direct the Operating Bank to distribute funds on deposit in the Collections Account as provided in Section 3.08(a) of the Indenture and shall make such certifications to the Trustee as may be required hereunder in connection therewith.
Appears in 2 contracts
Sources: Administrative Agency Agreement (Aircraft Finance Trust), Administrative Agency Agreement (Lease Investment Flight Trust)