Secured Loans Closing Clause Samples

Secured Loans Closing. 2 2.1 Making of Loans and Issuance of Equipment Notes..

Secured Loans Closing. 2.1. Making of Loans and Issuance of Series A Equipment Note Subject to the terms and conditions of this Agreement, on the date hereof at the closing under the Underwriting Agreement, upon receipt by the Pass Through Trustee of the proceeds from the sale of the Pass Through Certificates: (a) The Pass Through Trustee listed on Schedule 2 shall make a secured loan to the Owner in the amount in Dollars opposite such Trustee’s name on Schedule 2; and (b) Owner shall issue, pursuant to and in accordance with the provisions of Article II of the Trust Indenture, to the Subordination Agent as the registered holder on behalf of the Pass Through Trustee, a Series A Equipment Note, dated the Closing Date, in an aggregate principal amount equal to the amount of the secured loan made by the Pass Through Trustee. In addition, the Owner shall have the option after the Closing Date to issue (and repay and reissue) from time to time Additional Series Equipment Notes, subject to the terms of the Intercreditor Agreement. If Additional Series Equipment Notes are so reissued or issued after the Closing Date, the Note Holder of such Equipment Notes shall be entitled to execute a counterpart to this Agreement and become a party hereto.

Secured Loans Closing. 2 2.1 Making of Loans and Issuance of Equipment Notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2.2 Closing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 SECTION 3. [Intentionally omitted] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Secured Loans Closing. 2 2.1 Making of Loans and Issuance of Equipment Notes...............................................2

Secured Loans Closing. 1 2.1 MAKING OF LOANS; ISSUANCE OF EQUIPMENT NOTES. 1 2.2 PROCEDURE FOR FUNDING OF SECURED LOANS. 2 2.3 TERMS OF REPAYMENT. 4

Secured Loans Closing. 2.1 Making of Loans and Issuance of Equipment Notes 2.2 Closing

Secured Loans Closing