Common use of Purchase of Secured Certificates by Pass Through Trustees Clause in Contracts

Purchase of Secured Certificates by Pass Through Trustees. (a) Purchase of Secured Certificates by Pass Through Trustees. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to purchase the Secured Certificates set forth on Schedule II opposite the name of such Pass Through Trust by paying to the Owner the aggregate purchase price of the Secured Certificates being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to the Owner on a date to be designated pursuant to Section 2 hereof, but in no event later than [__________], by transferring to the account of the Owner at USBank, Minneapolis, ABA No. 000-000-000, Account No. 1502-5009-9440, Reference: Northwest/NW [____ __], not later than 9:30 a.m., New York City time, on the Closing Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to the Owner, the Owner shall issue, pursuant to Article II of the Trust Indenture, to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts, Secured Certificates of the maturity and aggregate principal amount, bearing the interest rate and for the purchase price set forth on Schedule II hereto opposite the name of such Pass Through Trust.

Appears in 3 contracts

Samples: Participation Agreement (Northwest Airlines Inc /Mn), Participation Agreement (Northwest Airlines Corp), Participation Agreement (Northwest Airlines Holdings Corp/Pred)

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Purchase of Secured Certificates by Pass Through Trustees. (a) Purchase of Secured Certificates by Pass Through Trustees. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to purchase the Secured Certificates of the Series set forth on Schedule II opposite the name of such Pass Through Trust by paying to the Owner the aggregate purchase price of the Secured Certificates being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to the Owner on a date to be designated pursuant to Section 2 hereof, but in no event later than [__________], by transferring to the account of the Owner at USBank, Minneapolis, ABA No. 000091-000-000022, Account No. 1502-5009-9440, Reference: Northwest/NW [____ __], not later than 9:30 a.m., New York City time, on the Closing Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to the Owner, the Owner shall issue, pursuant to Article II of the Trust Indenture, to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts, Secured Certificates of the Series, maturity and aggregate principal amount, bearing the interest rate amount and for the purchase price set forth on Schedule II hereto opposite the name of such Pass Through Trust.

Appears in 1 contract

Samples: Participation Agreement (Northwest Airlines Inc /Mn)

Purchase of Secured Certificates by Pass Through Trustees. (a) Purchase of Secured Certificates by Pass Through Trustees. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to purchase the Secured Certificates set forth on Schedule II opposite the name of such Pass Through Trust by paying to the Owner the aggregate purchase price of the Secured Certificates being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to the Owner on a date to be designated pursuant to Section 2 hereof, but in no event later than [__________], by transferring to the account of the Owner at USBank, Minneapolis, ABA No. 000-000-000, Account No. 1502-5009-9440, Reference: Northwest/NW [1999 ____ __], not later than 9:30 a.m., New York City time, on the Closing Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to the Owner, the Owner shall issue, pursuant to Article II of the Trust Indenture, to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts, Secured Certificates of the maturity and aggregate principal amount, bearing the interest rate and for the purchase price set forth on Schedule II hereto opposite the name of such Pass Through Trust.

Appears in 1 contract

Samples: Participation Agreement (Northwest Airlines Holdings Corp/Pred)

Purchase of Secured Certificates by Pass Through Trustees. (a) Purchase of Secured Certificates by Pass Through Trustees. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to purchase the Secured Certificates set forth on Schedule II opposite the name of such Pass Through Trust by paying to the Owner the aggregate purchase price of the Secured Certificates being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to the Owner on a date to be designated pursuant to Section 2 hereof, but in no event later than [__________[ ], by transferring to the account of the Owner at USBank, Minneapolis, ABA No. 000-000-000, Account No. 1502-5009-9440, Reference: Northwest/NW [____ __[ ], not later than 9:30 a.m., New York City time, on the Closing Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to the Owner, the Owner shall issue, pursuant to Article II of the Trust Indenture, to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts, Secured Certificates of the maturity and aggregate principal amount, bearing the interest rate and for the purchase price set forth on Schedule II hereto opposite the name of such Pass Through Trust. In addition, the Owner may, from time to time, (i) subject to the terms and conditions specified in Section 2.11(b) of the Trust Indenture, Section 5(a)(i) of the Note Purchase Agreement and Section 9.1(c) of the Intercreditor Agreement, redeem and reissue the Series B Secured Certificates and (ii) subject to the terms of Section 2.02 of the Trust Indenture, Section 5(a)(i) of the Note Purchase Agreement and Section 9.1(d) of the Intercreditor Agreement, issue Additional Series of Secured Certificates. In connection with any such reissuance of Series B Secured Certificates or any such issuance of Additional Series Secured Certificates, the applicable Pass Through Trustee for the applicable Pass Through Trust, in the case of a reissuance of Series B Secured Certificates, or a new pass through trustee for a new pass through trust, in the case of an issuance of Additional Series Secured Certificates, as applicable, shall purchase such Secured Certificates issued by the Owner on the date of issuance of such Secured Certificates in accordance with the procedures specified in this Section 1(a).

Appears in 1 contract

Samples: Participation Agreement (Northwest Airlines Corp)

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Purchase of Secured Certificates by Pass Through Trustees. (a) Purchase of Secured Certificates by Pass Through Trustees. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to purchase the Secured Certificates of the Series set forth on Schedule II opposite the name of such Pass Through Trust by paying to the Owner the aggregate purchase price of the Secured Certificates being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to the Owner on a date to be designated pursuant to Section 2 hereof, but in no event later than [__________[ ], by transferring to the account of the Owner at USBank, Minneapolis, ABA No. 000-000-000, Account No. 1502-5009-9440, Reference: Northwest/NW [____ __[ ], not later than 9:30 a.m., New York City time, on the Closing Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to the Owner, the Owner shall issue, pursuant to Article II of the Trust Indenture, to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts, Secured Certificates of the Series, maturity and aggregate principal amount, bearing the interest rate amount and for the purchase price set forth on Schedule II hereto opposite the name of such Pass Through Trust.

Appears in 1 contract

Samples: Participation Agreement (Northwest Airlines Inc /Mn)

Purchase of Secured Certificates by Pass Through Trustees. (a) Purchase of Secured Certificates by Pass Through Trustees. Subject to the terms and conditions of this Agreement, the Pass Through Trustee for each Pass Through Trust agrees to purchase the Secured Certificates set forth on Schedule II opposite the name of such Pass Through Trust by paying to the Owner the aggregate purchase price of the Secured Certificates being issued to such Pass Through Trustee as set forth on Schedule II opposite the name of such Pass Through Trust. The Pass Through Trustees shall make such payments to the Owner on a date to be designated pursuant to Section 2 hereof, but in no event later than [__________], by transferring to the account of the Owner at USBank, Minneapolis, ABA No. 000091-000-000022, Account No. 1502-5009-9440, Reference: Northwest/NW [____ __], not later than 9:30 a.m., New York City time, on the Closing Date in immediately available funds in Dollars, the amount set forth opposite the name of such Pass Through Trust on Schedule II hereto. Upon the occurrence of the above transfers by the Pass Through Trustee for each Pass Through Trust to the Owner, the Owner shall issue, pursuant to Article II of the Trust Indenture, to the Subordination Agent on behalf of the Pass Through Trustee for each of the Pass Through Trusts, Secured Certificates of the maturity and aggregate principal amount, bearing the interest rate and for the purchase price set forth on Schedule II hereto opposite the name of such Pass Through Trust.

Appears in 1 contract

Samples: Participation Agreement (Northwest Airlines Inc /Mn)

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