Common use of Extension of the Expiry Date; Non-Extension Advance Clause in Contracts

Extension of the Expiry Date; Non-Extension Advance. By written agreement between the Borrower and the Liquidity Provider, entered into at any time prior to the 25(th) day prior to the then-effective Expiry Date (with the written consent of Moody's, so long as Boeing Capital Corporation is the Liquidity Provixxx), xhe then- effective Expiry Date may be extended, effective on such 25th day (unless such then- effective Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Date for the Class C Certificates), for a period of 364 days after such then- effective Expiry Date (unless the obligations of the Liquidity Provider are earlier terminated in accordance with the terms hereof). If the Borrower and the Liquidity Provider do not so agree to extend the then-effective Expiry Date, (or if Moody's does not consent to such extension, if Boeing Capital Corporaxxxx xx the Liquidity Provider) prior to such 25(th) day (and if the Liquidity Provider shall not have been replaced in accordance with Section 3.06(e) of the Intercreditor Agreement), the Borrower shall be entitled on and after such 25th day (but prior to such Expiry Date) to request a Non- Extension Advance in accordance with Section 2.02(b) hereof and Section 3.06(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Airlines Inc)

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Extension of the Expiry Date; Non-Extension Advance. By written agreement between the Borrower and the Liquidity Provider, entered into at any time prior to the 25(th) day prior to the then-effective Expiry Date (with the written consent of Moody's, so long as Boeing Capital Corporation is the Liquidity Provixxx), xhe then- effective Expiry Date may be extended, effective on such 25th day (unless such then- effective Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Date for the Class C A-2 Certificates), for a period of 364 days after such then- effective Expiry Date (unless the obligations of the Liquidity Provider are earlier terminated in accordance with the terms hereof). If the Borrower and the Liquidity Provider do not so agree to extend the then-effective Expiry Date, (or if Moody's does not consent to such extension, if Boeing Capital Corporaxxxx xx the Liquidity Provider) prior to such 25(th) day (and if the Liquidity Provider shall not have been replaced in accordance with Section 3.06(e) of the Intercreditor Agreement), the Borrower shall be entitled on and after such 25th day (but prior to such Expiry Date) to request a Non- Extension Advance in accordance with Section 2.02(b) hereof and Section 3.06(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Airlines Inc)

Extension of the Expiry Date; Non-Extension Advance. By written agreement between the Borrower and the Liquidity Provider, entered into at any time prior to the 25(th) day prior to the then-effective Expiry Date (with the written consent of Moody's, so long as Boeing Capital Corporation is the Liquidity Provixxx), xhe then- effective Expiry Date may be extended, effective on such 25th day (unless such then- effective Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Date for the Class C B Certificates), for a period of 364 days after such then- then-effective Expiry Date (unless the obligations of the Liquidity Provider are earlier terminated in accordance with the terms hereof). If the Borrower and the Liquidity Provider do not so agree to extend the then-effective Expiry Date, (or if Moody's does not consent to such extension, if Boeing Capital Corporaxxxx xx the Liquidity Provider) prior to such 25(th) day (and if the Liquidity Provider shall not have been replaced in accordance with Section 3.06(e) of the Intercreditor Agreement), the Borrower shall be entitled on and after such 25th day (but prior to such Expiry Date) to request a Non- Extension Advance in accordance with Section 2.02(b) hereof and Section 3.06(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Airlines Inc)

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Extension of the Expiry Date; Non-Extension Advance. By written agreement between the Borrower and the Liquidity Provider, entered into at any time prior to the 25(th) day prior to the then-effective Expiry Date (with the written consent of Moody's, so long as Boeing Capital Corporation is the Liquidity Provixxx), xhe then- effective Expiry Date may be extended, effective on such 25th day (unless such then- then-effective Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Date for the Class C A-1 Certificates), for a period of 364 days after such then- effective Expiry Date (unless the obligations of the Liquidity Provider are earlier terminated in accordance with the terms hereof). If the Borrower and the Liquidity Provider do not so agree to extend the then-effective Expiry Date, (or if Moody's does not consent to such extension, if Boeing Capital Corporaxxxx xx the Liquidity Provider) prior to such 25(th) day (and if the Liquidity Provider shall not have been replaced in accordance with Section 3.06(e) of the Intercreditor Agreement), the Borrower shall be entitled on and after such 25th day (but prior to such Expiry Date) to request a Non- Extension Advance in accordance with Section 2.02(b) hereof and Section 3.06(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Airlines Inc)

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