Common use of Termination of Intercreditor Agreement Clause in Contracts

Termination of Intercreditor Agreement. Following payment of Final -------------------------------------- Distributions with respect to each Class of Certificates and the payment in full of all Liquidity Obligations to the Liquidity Providers and so long as (i) there shall then be no other amounts due to the Certificateholders, the Trustee, the Liquidity Providers and the Subordination Agent hereunder or under the Trust Agreements and (ii) the commitment of the Liquidity Providers under the Liquidity Facilities shall have expired or been terminated, this Agreement and the trusts created hereby shall terminate and this Agreement shall be of no further force or effect. Except as aforesaid or otherwise provided, this Agreement and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Appears in 2 contracts

Samples: Intercreditor Agreement (United Air Lines Inc), Intercreditor Agreement (United Air Lines Inc)

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Termination of Intercreditor Agreement. Following -------------------------------------- payment of Final -------------------------------------- Distributions with respect to each Class of Certificates and the payment in full of all Liquidity Obligations to the Liquidity Providers and so long as (i) provided that there shall then be no other amounts due to the -------- Certificateholders, the TrusteeTrustees, the Liquidity Providers and the Subordination Agent hereunder or under the Trust Agreements Agreements, and (ii) that the commitment of the Liquidity Providers under the Liquidity Facilities shall have expired or been terminated, this Agreement and the trusts created hereby shall terminate and this Agreement shall be of no further force or effect. Except as aforesaid or otherwise provided, this Agreement and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Midway Airlines Corp)

Termination of Intercreditor Agreement. Following payment of Final -------------------------------------- Distributions with respect to each Class of Certificates and the payment in full of all Liquidity Obligations to the Primary Liquidity Providers and so long as (i) there shall then be no other amounts due to the Certificateholders, the Trustee, the Primary Liquidity Providers and the Subordination Agent hereunder or under the Trust Agreements and (ii) the commitment of the Liquidity Providers under the Liquidity Facilities shall have expired or been terminated, this Agreement and the trusts created hereby shall terminate and this Agreement shall be of no further force or effect. Except as aforesaid or otherwise provided, this Agreement and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (United Air Lines Inc)

Termination of Intercreditor Agreement. Following payment of Final -------------------------------------- Distributions with respect to each Class of Certificates and the payment in full of all Liquidity Obligations to the Primary Liquidity Providers and so long as (i) provided that there shall then be no other amounts due to the Certificateholders, the TrusteeTrustees, the Primary Liquidity Providers and the Subordination Agent hereunder or under the Trust Agreements Agreements, and (ii) that the commitment of the Primary Liquidity Providers under the Primary Liquidity Facilities shall have expired or been terminated, this Agreement and the trusts created hereby shall terminate and this Agreement shall be of no further force or effect. Except as aforesaid or otherwise provided, this Agreement and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Northwest Airlines Inc /Mn)

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Termination of Intercreditor Agreement. Following payment of Final -------------------------------------- Distributions with respect to each Class of Certificates and the payment in full of all Liquidity Obligations to the Liquidity Providers and so long as all Policy Provider Obligations to the Policy Provider (i) provided that there shall then be no other amounts due to the Certificateholders, the TrusteeTrustees, the Liquidity Providers Providers, the Policy Provider with respect to the Primary Liquidity Facility and the Subordination Agent hereunder or under the Trust Agreements Agreements, and (ii) that the commitment of (i) the Liquidity Providers under the Liquidity Facilities and (ii) the Policy Provider under the Policies shall have expired or been terminated), this Agreement and the trusts created hereby shall terminate and this Agreement shall be of no further force or effect. Except as aforesaid or otherwise provided, this Agreement and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Northwest Airlines Inc /Mn)

Termination of Intercreditor Agreement. Following payment of Final -------------------------------------- Distributions with respect to each Class of Certificates and the payment in full of all Liquidity Obligations to the Class AA Liquidity Providers Provider and so long as (i) provided that there shall then be no other amounts due to the Certificateholders, the Class AA Trustee, the Class AA Liquidity Providers Provider and the Subordination Agent hereunder or under the Trust Agreements Agreements, and (ii) that the commitment of the Class AA Liquidity Providers Provider under the Class AA Liquidity Facilities Facility shall have expired or been terminated, this Agreement and the trusts created hereby shall terminate and this Agreement shall be of no further force or effect. Except as aforesaid or otherwise provided, this Agreement and the trusts created hereby shall continue in full force and effect in accordance with the terms hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Fedex Corp)

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