Common use of Purchase Rights of Certificateholders Clause in Contracts

Purchase Rights of Certificateholders. (i) At any time within 180 days after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right to purchase, for the purchase price set forth in the Class G Trust Agreement, all, but not less than all, of the Class G Certificates upon ten days' written notice to the Class G Trustee and each other Certificateholder, provided that (i) if prior to the end of such ten-day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class G Certificates pro rata based on the Fractional Undivided Interest in the Trust held by each such Certificateholder and (ii) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class G Certificates pursuant to this Section 6.01(b); and

Appears in 2 contracts

Samples: Trust Agreement (America West Airlines Inc), Trust Agreement (America West Airlines Inc)

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Purchase Rights of Certificateholders. (i) At any time within 180 days after the occurrence and during the continuation continuance of a Triggering Event, each Certificateholder shall have the right to purchase, for the purchase price set forth in the Class G A Trust Agreement, all, but not less than all, of the Class G A Certificates upon ten days' written notice to the Class G A Trustee and each other Certificateholder, provided that (i) if prior to the end of such ten-day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class G A Certificates pro rata based on the Fractional Undivided Interest in the Trust held by each such Certificateholder and (ii) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class G A Certificates pursuant to this Section 6.01(b); and

Appears in 2 contracts

Samples: Trust Agreement (America West Airlines Inc), Through Trust Agreement (America West Airlines Inc)

Purchase Rights of Certificateholders. (i) At any time within 180 days after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right to purchase, for the purchase price set forth in the Class G Trust Agreement, all, but not less than all, of the Class G Certificates upon ten days' written notice to the Class G Trustee and each other Certificateholder, provided that (i) if prior to the end of such ten-day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class G Certificates pro rata based on the Fractional Undivided Interest in the Trust held by each such Certificateholder and (ii) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class G Certificates pursuant to this Section 6.01(b); and;

Appears in 1 contract

Samples: Trust Agreement (America West Airlines Inc)

Purchase Rights of Certificateholders. (i) At any time within 180 days after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right to purchase, for the purchase price set forth in the Class G Trust Agreement, all, but not less than all, of the Class G Certificates upon ten days' written notice to the Class G Trustee and each other Certificateholder, provided that (i) if prior to the end of such ten-day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class G Certificates pro rata based on the Fractional Undivided Interest in the Trust held by each such Certificateholder and (ii) if prior to the end of such ten-day period any other Certificateholder fails to notify the purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class G Certificates pursuant to this Section 6.01(b); and38 33

Appears in 1 contract

Samples: Through Trust Agreement (America West Airlines Inc)

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Purchase Rights of Certificateholders. Section 3.01. (i) At any time within 180 days after the occurrence and during the continuation of a Triggering Event, each Certificateholder shall have the right to purchase, for the purchase price set forth in the Class G Trust Agreement, all, but not less than all, of the Class G A Certificates upon ten days' written notice to the Class G A Trustee and each other Certificateholder, provided that (iA) if prior to the end of such ten-ten day period any other Certificateholder notifies such purchasing Certificateholder that such other Certificateholder wants to participate in such purchase, then such other Certificateholder may join with the purchasing Certificateholder to purchase all, but not less than all, of the Class G A Certificates pro rata based on the Fractional Undivided Interest in outstanding principal amount of the Trust Certificates held by each such Certificateholder and (iiB) if prior to the end of such ten-day period any other Certificateholder fails to notify the Series 1996-1B Trust Supplement 7 7 purchasing Certificateholder of such other Certificateholder's desire to participate in such a purchase, then such other Certificateholder shall lose its right to purchase the Class G A Certificates pursuant to this Section and Section 6.01(b); and) of the Basic Agreement.

Appears in 1 contract

Samples: America West Airlines Inc

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