Common use of PAYMENT OF LESSOR'S COST Clause in Contracts

PAYMENT OF LESSOR'S COST. (a) Each Participant agrees, subject to the terms and conditions of this Agreement, to make the Dollar amount of its respective Commitment available, by wire transfer of immediately available funds to WTC's account at Citibank, N.A., ABA No. 000000000, Account No. 0016-1728, reference Continental Lease [___], at or before 12:00 Noon, New York City time, on the Scheduled Delivery Date. All such funds made available by each Participant to WTC shall, until payment thereof to Airframe Manufacturer and Lessee as provided in Section 4.2(b)(ii) or return thereof to the respective Participant as provided in Section 4.3.2, be held by WTC in trust for the benefit of the respective Participant, as the sole and exclusive property of the respective Participant and not as part of the Trust Estate or the Trust Indenture Estate.

Appears in 6 contracts

Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/)

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PAYMENT OF LESSOR'S COST. (a) Each Participant agrees, subject to the terms and conditions of this Agreement, to make the Dollar amount of its respective Commitment available, by wire transfer of immediately available funds to WTC's account no. 0016-1728 at Citibank, N.A.NA, ABA No. 000000000New York, Account No. 0016New York ABA# 000-1728000-000, reference Continental Lease [___]_, at or before 12:00 Noon, New York City time, on the Scheduled Delivery Closing Date. All such funds made available by each Participant to WTC shall, until payment thereof to Airframe Manufacturer and Lessee Existing Lessor as provided in Section 4.2(b)(ii) or return thereof to the respective Participant as provided in Section 4.3.2, be held by WTC in trust for the benefit of the respective Participant, as the sole and exclusive property of the respective Participant and not as part of the Trust Estate or the Trust Indenture Estate.

Appears in 2 contracts

Samples: Participation Agreement (Continental Airlines Inc /De/), Participation Agreement (Continental Airlines Inc /De/)

PAYMENT OF LESSOR'S COST. (a) Each Participant agrees, subject to the terms and conditions of this Agreement, to make the Dollar amount of its respective Commitment available, by wire transfer of immediately available funds to WTC's account at Citibank, N.A., ABA No. 000000000021000089, Account NoAcxxxxx Xx. 0016-1728, reference Continental Lease [___], at or before 12:00 Noon, New York City time, on the Scheduled Delivery Date. All such funds made available by each Participant to WTC shall, until payment thereof to Airframe Manufacturer and Lessee as provided in Section 4.2(b)(ii) or return thereof to the respective Participant as provided in Section 4.3.2, be held by WTC in trust for the benefit of the respective Participant, as the sole and exclusive property of the respective Participant and not as part of the Trust Estate or the Trust Indenture Estate.

Appears in 1 contract

Samples: Participation Agreement (Continental Airlines Inc /De/)

PAYMENT OF LESSOR'S COST. (a) Each Participant agrees, subject to the terms and conditions of this Agreement, to make the Dollar amount of its respective Commitment available, by wire transfer of immediately available funds to WTC's account no. 0016-1728 at Citibank, N.A.NA, ABA No. 000000000New York, Account No. 0016New York ABA# 000-1728000-000, reference Continental Lease [___], at or before 12:00 Noon, New York City time, on the Scheduled Delivery Closing Date. All such funds made available by each Participant to WTC shall, until payment thereof to Airframe Manufacturer and Lessee Existing Lessor as provided in Section 4.2(b)(ii) or return thereof to the respective Participant as provided in Section 4.3.2, be held by WTC in trust for the benefit of the respective Participant, as the sole and exclusive property of the respective Participant and not as part of the Trust Estate or the Trust Indenture Estate.

Appears in 1 contract

Samples: Participation Agreement (Continental Airlines Inc /De/)

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PAYMENT OF LESSOR'S COST. (a) Each Participant agrees, subject to the terms and conditions of this Agreement, to make the Dollar amount of its respective Commitment available, by wire transfer of immediately available funds to WTC's account no. [ ] at CitibankWilmington Trust Company, N.A.Wilmington, Delaware ABA No. 000000000, Account No. 0016-1728# 000000000 (contact: Xxxxxx X. Xxxxx), reference Continental Lease [___]Atlas Lease, at or before 12:00 Noon, New York City time, on the Scheduled Delivery Date. All such funds made available by each Participant to WTC shall, until payment thereof to Airframe Manufacturer and Lessee as provided in Section 4.2(b)(ii) or return thereof to the respective Participant as provided in Section 4.3.2, be held by WTC in trust for the benefit of the respective Participant, as the sole and exclusive property of the respective Participant and not as part of the Trust Estate or the Trust Indenture Estate.

Appears in 1 contract

Samples: Participation Agreement (Atlas Air Inc)

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