Common use of Class X Certificate Clause in Contracts

Class X Certificate. The terms and conditions applicable to the Class X Certificate are as follows: (a) The Class X Certificate represents the right to receive only Excess Interest and does not have a principal amount. (b) The Regular Distribution Dates with respect to any payment of Scheduled Payments for the Class X Certificate means each April 1 and October 1, commencing on April 1, 2004, until all payments in respect of the Equipment Notes has been made. Except as described herein, Scheduled Payments for the Class X Certificate shall only include Excess Interest. (c) The Special Distribution Dates with respect to the Class X Certificate shall be each Business Day on which a Special Payment is to be distributed pursuant to this Agreement. Except as described herein, Special Payments for the Class X Certificate shall only include Excess Interest. (d) The Class X Certificate shall be in the form attached hereto as Exhibit A-2 and be issued only in the definitive certificate form. There shall be only one Class X Certificate. The Class X Certificate may only be held by, and may not be transferred to any Person other than, the Company or any of its Affiliates.