Examples of Class B Trustee in a sentence
The Company shall have been paid by the Class B Trustee the aggregate original principal amount of the Series B Equipment Notes being issued to the Class B Trustee as set forth on Schedule I hereto opposite the name of the Class B Pass Through Trust.
The Class B Trustee, on behalf of the Class B Pass Through Trust, shall make its loan to the Company no later than 10:00 a.m. (New York City time) on the Series B Closing Date by transferring such amount in immediately available funds to the Company at its account at [ ].
Effective as of the time of the Series B Closing, WTC, as Class B Trustee, and WTC, as Subordination Agent and as Noteholder of the Series B Equipment Notes, each shall be deemed to be a party to the Participation Agreement and shall have all of the rights and obligations of a “Pass Through Trustee”, a “Noteholder”, an “Indemnitee” and “Indenture Indemnitee”, as applicable, under the Participation Agreement and the other Operative Documents.
Upon the occurrence of the above payments by the Class B Trustee to the Company, the Company shall issue, pursuant to and in accordance with Article II of the Indenture, to the Subordination Agent as agent and trustee for the Class B Trustee, one or more Series B Equipment Notes of the maturity and aggregate original principal amount and bearing the interest rate set forth in Schedule I hereto opposite the name of the Class B Pass Through Trust.
Subject to the terms and conditions of this Amendment and the Indenture, on the Series B Closing Date, the Class B Trustee shall make a loan to the Company by paying to the Company the aggregate original principal amounts of the Series B Equipment Notes being issued to the Class B Pass Through Trust, as set forth on Schedule I hereto opposite the name of the Class B Pass Through Trust.