Payment for Equipment Notes Clause Samples
The 'Payment for Equipment Notes' clause establishes the terms and conditions under which payments for equipment are to be made between parties. It typically outlines the payment schedule, acceptable methods of payment, and any conditions that must be met before payment is due, such as delivery or installation of the equipment. This clause ensures that both parties have a clear understanding of their financial obligations, reducing the risk of disputes over payment timing or amounts.
Payment for Equipment Notes. Company shall have been paid by each Pass Through Trustee the aggregate original principal amount of the Equipment Notes being issued to such Pass Through Trustee as set forth on Schedule I opposite the name of such Pass Through Trust.
Payment for Equipment Notes. Company shall have been paid by Class B Trustee the aggregate original principal amount of the Series B Equipment Notes being issued to Class B Trustee as set forth on Schedule I opposite the name of the Class B Pass Through Trust.
Payment for Equipment Notes. The Company shall have been paid by each Pass Through Trustee the aggregate original principal amount of the Equipment Notes being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. 10 Participation Agreement (American Airlines 2021-1 EETC) [Reg. No.]
Payment for Equipment Notes. Company shall have been paid by the Pass Through Trustee for each Pass Through Trust in existence as of the Closing Date the aggregate original principal amount of the Equipment Notes being issued to such Pass Through Trustee as set forth on Schedule I opposite the name of such Pass Through Trust. 12 To be inserted for Airbus aircraft.