Common use of Basic Rent Distribution Clause in Contracts

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent [,any payment received from the Owner Participant pursuant to Section 7(cc) of the Participation Agreement](3) and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: --------

Appears in 1 contract

Sources: Trust Indenture and Security Agreement (Us Airways Inc)

Basic Rent Distribution. Except as otherwise provided in Sections 3.02 and 3.03 hereof, each installment of Basic Rent, any payment of interest on overdue installments of Basic Rent [,any payment received from the Owner Participant pursuant to Section 7(cc) of the Participation Agreement](3Agreement](4) and any payment received by the Indenture Trustee pursuant to Section 4.03 hereof shall be promptly distributed in the following order of priority: --------:

Appears in 1 contract

Sources: Lease Agreement (Us Airways Inc)