Common use of Payment After Indenture Event of Default, etc Clause in Contracts

Payment After Indenture Event of Default, etc. Except as otherwise provided in Sections 2.13, 3.02, 3.04(a) and (c) and 6.07 hereof, and notwithstanding Section 2.05 hereof, all payments received and amounts held or realized by the Indenture Trustee after an Indenture Event of Default shall have occurred and be continuing or after the Indenture Trustee has given notice to the Owner Trustee and the Owner Participant pursuant to Section 4.04(a) hereof regarding its exercise of remedies under Section 18 of the Lease or of the foreclosure of this Indenture, or after the Equipment Notes shall have become due and payable as provided herein, and all payments or amounts then held by the Indenture Trustee as part of the Trust Indenture Estate, shall, so long as such Indenture Event of Default shall be continuing, be promptly distributed by the Indenture Trustee in the following order of priority, without duplication: first, so much of such payments or amounts as shall be required to reimburse the Indenture Trustee for all amounts due to it pursuant to Section 6.07 hereof, plus any tax, expense, charge or other loss (including, without limitation, all amounts to be expended at the expense of, or Trust Indenture

Appears in 2 contracts

Sources: Trust Indenture and Security Agreement (America West Airlines Inc), Trust Indenture and Security Agreement (America West Airlines Inc)