Common use of Withdrawal of Deposits Clause in Contracts

Withdrawal of Deposits. (a) If the Company shall receive written notice from Boeing that the delivery date of any Aircraft will be delayed beyond the Delivery Period Termination Date, the Company may deliver to the Trustee written notice to such effect and requesting that the Trustee deliver to the Escrow Agent a Prepayment Withdrawal Certificate pursuant to the Escrow Agreement directing the Escrow Agent to provide a Notice of Prepayment Withdrawal to the Depositary requesting the withdrawal of the Deposits relating to Equipment Notes in respect of such Aircraft in accordance with and to the extent permitted by the terms of the Escrow Agreement and the Deposit Agreement.

Appears in 4 contracts

Samples: Trust Supplement (Atlas Air Inc), Trust Supplement (Atlas Air Inc), Trust Supplement (Atlas Air Inc)

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Withdrawal of Deposits. (a) If the Company shall receive written notice from Boeing that the delivery date of any Aircraft will be delayed beyond the Delivery Period Termination Date, the Company may deliver to the Trustee written notice to such effect and requesting that the Trustee deliver to the Escrow Agent a Prepayment Withdrawal Certificate pursuant to the Escrow Agreement directing the Escrow Agent to provide a Notice of Prepayment Withdrawal to the Depositary requesting the withdrawal of all or a portion of the Deposits Deposit relating to Equipment Notes in respect of such Aircraft in accordance with and to the extent permitted by the terms of the Escrow Agreement and the Deposit Agreement.

Appears in 3 contracts

Samples: Atlas Air Inc, Atlas Air Inc, Atlas Air Inc

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