Amendments to Article II. (a) Section 2.4(b)(i) is amended by renumbering clauses “eighth” and “ninth” to clauses “ninth” and “tenth” and inserting the following new clause eighth: “eighth, such amount as shall be required to pay in full Expected Distributions to the holders of Class C Certificates on such Special Distribution Date shall be distributed to the Class C Trustee;” (b) the last sentence of Section 2.4(b)(i) is amended to read as follows: “For the purposes of this Section 2.4(b)(i), clause (x) of the definition of “Expected Distributions” shall be deemed to read as follows: “(x) accrued, due and unpaid interest on the outstanding Pool Balance of such Certificates excluding interest, if any, payable with respect to the Deposits related to such Trust”. (c) clause (i) of Section 2.6(a) is amended to read as follows: (i) in taking, or refraining from taking, any action with respect to such Indenture or the Equipment Notes issued thereunder, so long as no Indenture Default has occurred and is continuing thereunder, by the holders of at least a majority of the outstanding principal amount of such Equipment Notes having the right to vote on such matters under such Indenture (provided that, for so long as the Subordination Agent is the registered holder of the Equipment Notes, the Subordination Agent shall act with respect to this clause (i) in accordance with the directions of the Trustees of Trusts for which the related Trust Properties include, in the aggregate, such a majority of outstanding principal amount of Equipment Notes), and” (d) The first sentence of Section 2.6(b) is amended by relettering the clauses “(y)” and “(z)” as clauses “(x)” and “(y)” and inserting the following phrase at the end of clause (y): “and thereafter (z) upon payment of Final Distributions to the holders of Class B Certificates, the Class C Trustee”.
Appears in 1 contract
Sources: Intercreditor Agreement (Northwest Airlines Inc /Mn)
Amendments to Article II. (a) Section 2.4(b)(i) is amended by renumbering clauses clause “eighth” and to clause “ninth” to clauses “ninth” and “tenth” and inserting the following new clause eighth: “eighth, such amount as shall be required to pay in full Expected Distributions to the holders of Class C D Certificates on such Special Distribution Date shall be distributed to the Class C D Trustee;”
(b) the last sentence of Section 2.4(b)(i) is amended to read as follows: “For the purposes of this Section 2.4(b)(i), clause (x) of the definition of “Expected Distributions” shall be deemed to read as follows: “(x) accrued, due and unpaid interest on the outstanding Pool Balance of such Certificates excluding interest, if any, payable with respect to the Deposits related to such Trust”.
(c) clause (i) of Section 2.6(a) is amended to read as follows:
(i) in taking, or refraining from taking, any action with respect to such Indenture or the Equipment Notes issued thereunder, so long as no Indenture Default has occurred and is continuing thereunder, by the holders of at least a majority of the outstanding principal amount of such Equipment Notes having the right to vote on such matters under such Indenture (provided that, for so long as the Subordination Agent is the registered holder of the Equipment Notes, the Subordination Agent shall act with respect to this clause (i) in accordance with the directions of the Trustees representing holders of Trusts for which the related Trust Properties include, Certificates representing an undivided interest in the aggregate, such a majority of outstanding principal amount of Equipment Notes), and”
(dc) The first sentence of Section 2.6(b) is amended by relettering replacing the clauses word “and” in front of clause (y)” and “(z)” as clauses “(x)” and “(y)” ) with a comma and inserting the following phrase at the end of clause (y): “and thereafter (z) upon payment of Final Distributions to the holders of Class B C Certificates, the Class C D Trustee”.
Appears in 1 contract
Sources: Intercreditor Agreement (Northwest Airlines Inc /Mn)
Amendments to Article II. (a) Section 2.4(b)(i) is amended by renumbering clauses “eighth” and clause “ninth” to clauses “ninth” and clause “tenth” and inserting the following new clause eighthninth: “eighthninth, such amount as shall be required to pay in full Expected Distributions to the holders of Class C D Certificates on such Special Distribution Date shall be distributed to the Class C D Trustee;”
(b) the last sentence of Section 2.4(b)(i) is amended to read as follows: “For the purposes of this Section 2.4(b)(i), clause (x) of the definition of “Expected Distributions” shall be deemed to read as follows: “(x) accrued, due and unpaid interest on the outstanding Pool Balance of such Certificates excluding interest, if any, payable with respect to the Deposits related to such Trust”.
(c) clause (i) of Section 2.6(a) is amended to read as follows:
(i) in taking, or refraining from taking, any action with respect to such Indenture or the Equipment Notes issued thereunder, so long as no Indenture Default has occurred and is continuing thereunder, by the holders of at least a majority of the outstanding principal amount of such Equipment Notes having the right to vote on such matters under such Indenture (provided that, for so long as the Subordination Agent is the registered holder of the Equipment Notes, the Subordination Agent shall act with respect to this clause (i) in accordance with the directions of the Trustees representing holders of Trusts for which the related Trust Properties include, Certificates representing an undivided interest in the aggregate, such a majority of outstanding principal amount of Equipment Notes)) except as provided in Section 9.1(b) hereof, and”
(d) The first sentence of Section 2.6(b) is amended by relettering deleting the clauses phrase “and thereafter” before clause (y)” and “(z)” as clauses “(x)” and “(y)” ) and inserting the following phrase at the end of clause (y): “and thereafter (z) upon payment of Final Distributions to the holders of Class B C Certificates, the Class C D Trustee”.
Appears in 1 contract
Sources: Intercreditor Agreement (Northwest Airlines Inc /Mn)
Amendments to Article II. (a) Section 2.4(b)(i) is amended by renumbering clauses clause “eighth” and “ninthtenth” to clauses clause “ninth” and “tentheleventh” and inserting the following new clause eighthtenth: “eighthtenth, such amount as shall be required to pay in full Expected Distributions to the holders of Class C D Certificates on such Special Distribution Date shall be distributed to the Class C D Trustee;”
(b) the last sentence of Section 2.4(b)(i) is amended to read as follows: “For the purposes of this Section 2.4(b)(i), clause (x) of the definition of “Expected Distributions” shall be deemed to read as follows: “(x) accrued, due and unpaid interest on the outstanding Pool Balance of such Certificates excluding interest, if any, payable with respect to the Deposits related to such Trust”.
(c) clause (i) of Section 2.6(a) is amended to read as follows:
(i) in taking, or refraining from taking, any action with respect to such Indenture or the Equipment Notes issued thereunder, so long as no Indenture Default has occurred and is continuing thereunder, by the holders of at least a majority of the outstanding principal amount of such Equipment Notes having the right to vote on such matters under such Indenture (provided that, for so long as the Subordination Agent is the registered holder of the Equipment Notes, the Subordination Agent shall act with respect to this clause (i) in accordance with the directions of the Trustees representing holders of Trusts for which the related Trust Properties include, Certificates representing an undivided interest in the aggregate, such a majority of outstanding principal amount of Equipment Notes), and”
(d) The first sentence of Section 2.6(b) is amended by relettering the clauses “(x)”, “(y)” and “(z)” as clauses “(w)”, “(x)” and “(y)”, deleting the phrase “and thereafter” and inserting the following phrase at the end of clause (y): such sentence: “and thereafter (z) upon payment of Final Distributions to the holders of Class B C Certificates, the Class C D Trustee”.
Appears in 1 contract
Sources: Intercreditor Agreement (Northwest Airlines Inc /Mn)