Common use of Execution of Operative Agreements Clause in Contracts

Execution of Operative Agreements. On or before the Closing Date, this Agreement, the Trust Agreement, the Guaranty, the Lease, the Lease Supplements in respect of the Units delivered on the Closing Date, the Indenture, the Indenture Supplements in respect of the Units delivered on the Closing Date, the Equipment Notes, the Pass Through Trust Agreement, the Pass Through Trust Supplements and the Underwriting Agreement shall each be satisfactory in form and substance to such Participant, shall have been duly executed and delivered by the parties thereto (except that the execution and delivery of the documents referred to above (other than this Agreement) by a party hereto or thereto shall not be a condition precedent to such party's obligations hereunder), shall each be in full force and effect and executed counterparts of each shall have been delivered to such Participant or its counsel on or before the Closing Date; and no event shall have occurred and be continuing that constitutes a Lease Default or an Indenture Default.

Execution of Operative Agreements. On or before the Closing Date, this Agreement, the Trust Agreement, the Guaranty, the Lease, the Lease Supplements in respect of the Units delivered on the Closing Date, the Indenture, the Indenture Supplements in respect of the Units delivered on the Closing Date, the Equipment Notes, the Pass Through Trust Agreement, the Pass Through Trust Supplements and the Underwriting Agreement shall each be satisfactory in form and substance to such Participant, shall have been duly executed and delivered by the parties thereto (except that the execution and delivery of the documents referred to above (other than this Agreement) by a party hereto or thereto shall not be a condition precedent to such party's obligations hereunder), shall each be in full force and effect and executed counterparts of each shall have been delivered to such Participant or its counsel on or before the Closing Date; and no event shall have occurred and be continuing that constitutes a Lease Default or an Indenture Default.