Common use of Payments of Rent Clause in Contracts

Payments of Rent. and any and all other payments payable to Lessor hereunder shall be paid in funds of the United States of America which shall be immediately SALE AND LEASE AGREEMENT [N396SW] -15- 22 available not later than 11:00 A.M., New York City time, on the date due at the office of Lessor at 777 Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000, Xxtention: Corporate Trust Administration, Re: Southwest Airlines 1995 Trust N396SW, or as otherwise directed by Lessor in writing at least five Business Days prior to the date such payment is due; provided, that so long as the Trust Indenture shall not have been terminated pursuant to Section 10.01 of the Trust Indenture, Lessor hereby directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent (other than Excluded Payments) shall be paid prior to 11:00 A.M., New York City time, on the due date thereof directly to Indenture Trustee to its account set forth in Schedule I to the Participation Agreement. All payments of Supplemental Rent owing to Indenture Trustee or to any Holder pursuant to the Participation Agreement shall be made in immediately available funds prior to 11:00 A.M. New York City time, on the due date thereof at the office of Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least five Business Days prior to the due date thereof. All payments of Supplemental Rent payable to Owner Participant, to the extent that such amounts constitute Excluded Payments (as defined in the Trust Indenture), shall be made by wire transfer prior to 11:00 A.M., New York City time, on the due date thereof, to its account set forth in Schedule I to the Participation Agreement, with sufficient information to identify the source and application of the funds. Except as otherwise expressly provided herein, whenever any payment of Rent or other payment to be made hereunder shall be due on a day which is not a Business Day, such payment shall be made on the next succeeding day which is a Business Day and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.

Payments of Rent. and any and all other payments payable to Lessor hereunder shall be paid in funds of the United States of America which shall be immediately SALE AND LEASE AGREEMENT [N396SW] -15- 22 available not later than 11:00 A.M., New York City time, on the date due at the office of Lessor at 777 Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000, Xxtention: Corporate Trust Administration, Re: Southwest Airlines 1995 Trust N396SWN605SW, or as otherwise directed by Lessor in writing at least five Business Days prior to the date such payment is due; provided, that so long as the Trust Indenture shall not have been terminated pursuant to Section 10.01 of the Trust Indenture, Lessor hereby directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent (other than Excluded Payments) shall be paid prior to 11:00 A.M., New York City time, on the due date thereof directly to Indenture Trustee to its account set forth in Schedule I to the Participation Agreement. All payments of Supplemental Rent owing to Indenture Trustee or to any Holder pursuant to the Participation Agreement shall be made in immediately available funds prior to 11:00 A.M. New York City time, on the due date thereof at the office of Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least five Business Days prior to the due date thereof. All payments of Supplemental Rent payable to Owner Participant, to the extent that such amounts constitute Excluded Payments (as defined in the Trust Indenture), shall be made by wire transfer prior to 11:00 A.M., New York City time, on the due date thereof, to its account set forth in Schedule I to the Participation Agreement, with sufficient information to identify the source and application of the funds. Except as otherwise expressly provided herein, whenever any payment of Rent or other payment to be made hereunder shall be due on a day which is not a Business Day, such payment SALE AND LEASE AGREEMENT [N605SW] -15- 22 shall be made on the next succeeding day which is a Business Day and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.

Payments of Rent. and any and all other payments payable to Lessor hereunder shall be paid in funds of the United States of America which shall be immediately SALE AND LEASE AGREEMENT [N396SW] -15- 22 available not later than 11:00 A.M., New York City time, on the date due at the office of Lessor at 777 Xxxx 230 Xxxxx Xxxxx Xxxxxx, Xxxxxxxx9th Floor, Xxxxxxxxxxx 00000Charlotte, XxtentionNorth Carolina 28288- 1179, Attention: Corporate Trust Bond Administration, Re: Southwest Airlines 1995 1996 Trust N396SWN621SW, or as otherwise directed by Lessor in writing at least five Business Days prior to the date such payment is due; provided, that so long as the Trust Indenture shall not have been terminated pursuant to Section 10.01 of the Trust Indenture, Lessor hereby directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent (other than Excluded Payments) shall be paid prior to 11:00 A.M., New York City time, on the due date thereof directly to Indenture Trustee to its account set forth in Schedule I to the Participation Agreement. All payments SALE AND LEASE AGREEMENT [N621SW] -15- 22 of Supplemental Rent owing to Indenture Trustee or to any Holder pursuant to the Participation Agreement shall be made in immediately available funds prior to 11:00 A.M. New York City time, on the due date thereof at the office of Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least five Business Days prior to the due date thereof. All payments of Supplemental Rent payable to Owner Participant, to the extent that such amounts constitute Excluded Payments (as defined in the Trust Indenture), shall be made by wire transfer prior to 11:00 A.M., New York City time, on the due date thereof, to its account set forth in Schedule I to the Participation Agreement, with sufficient information to identify the source and application of the funds. Except as otherwise expressly provided herein, whenever any payment of Rent or other payment to be made hereunder shall be due on a day which is not a Business Day, such payment shall be made on the next succeeding day which is a Business Day and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.

Payments of Rent. and any and all other payments payable to Lessor hereunder shall be paid in funds of the United States of America which shall be immediately SALE AND LEASE AGREEMENT [N396SW] -15- 22 available not later than 11:00 A.M., New York City time, on the date due at the office of Lessor at 777 Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000, Xxtention: Corporate Trust Administration, Re: Southwest Airlines 1995 Trust N396SWN604SW, or as otherwise directed by Lessor in writing at least five Business Days prior to the date such payment is due; provided, that so long as the Trust Indenture shall not have been terminated pursuant to Section 10.01 of the Trust Indenture, Lessor hereby directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent (other than Excluded Payments) shall be paid prior to 11:00 A.M., New York City time, on the due date thereof directly to Indenture Trustee to its account set forth in Schedule I to the Participation Agreement. All payments of Supplemental Rent owing to Indenture Trustee or to any Holder pursuant to the Participation Agreement shall be made in immediately available funds prior to 11:00 A.M. New York City time, on the due date thereof at the office of Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least five Business Days prior to the due date thereof. All payments of Supplemental Rent payable to Owner Participant, to the extent that such amounts constitute Excluded Payments (as defined in the Trust Indenture), shall be made by wire transfer prior to 11:00 A.M., SALE AND LEASE AGREEMENT [N604SW] -15- 22 New York City time, on the due date thereof, to its account set forth in Schedule I to the Participation Agreement, with sufficient information to identify the source and application of the funds. Except as otherwise expressly provided herein, whenever any payment of Rent or other payment to be made hereunder shall be due on a day which is not a Business Day, such payment shall be made on the next succeeding day which is a Business Day and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.

Payments of Rent. and any and all other payments payable to Lessor hereunder shall be paid in funds of the United States of America which shall be immediately SALE AND LEASE AGREEMENT [N396SW] -15- 22 available not later than 11:00 A.M., New York City time, on the date due at the office of Lessor at 777 Xxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000, Xxtention: Corporate Trust Administration, Re: Southwest Airlines 1995 Trust N396SWN602SW, or as otherwise directed by Lessor in writing at least five Business Days prior to the date such payment is due; provided, that so long as the Trust Indenture shall not have been terminated pursuant to Section 10.01 of the Trust Indenture, Lessor hereby directs and Lessee agrees, that, unless the Indenture Trustee shall otherwise direct, all Rent (other than Excluded Payments) shall be paid prior to 11:00 A.M., New York City time, on the due date thereof directly to Indenture Trustee to its account set forth in Schedule I to the Participation Agreement. All payments of Supplemental Rent owing to Indenture Trustee or to any Holder pursuant to the Participation Agreement shall be made in immediately available funds prior to 11:00 A.M. New York City time, on the due date thereof at the office of Indenture Trustee or at such other office of such other financial institution located in the continental United States as the party entitled thereto may so direct at least five Business Days prior to the due date thereof. All payments of Supplemental Rent payable to Owner Participant, to the extent that such amounts constitute Excluded Payments (as defined in the Trust Indenture), shall be made by wire transfer prior to 11:00 A.M., New York City time, on the due date thereof, to its account set forth in Schedule I to the Participation Agreement, with sufficient information to identify the source and application of the funds. Except as otherwise expressly provided herein, whenever any payment of Rent or other payment to be made hereunder shall be due on a day which is not a Business Day, such payment shall be made on the next succeeding day which is a Business Day and (provided such payment is made on such next succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date.