Common use of Payments from Available Funds Only Clause in Contracts

Payments from Available Funds Only. All payments to be ---------------------------------- made by the Borrower under this Agreement shall be made only from amounts received by it that constitute Scheduled Payments or Special Payments or payments under Sections 7(b) and 7(c) of the Leased Aircraft Participation Agreement, Section 7(c) of the 747 Leased Aircraft Participation Agreement, Section 5(b) of the Owned Aircraft Participation Agreement and Section 7 of the 747 Leased Equipment Note Purchase Agreement, Sections 5(i), 7 and 9 of the AFE Note Purchase Agreement and Sections 4(i) and 7 of the United Equipment Note Purchase Agreement, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it shall look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement or the Intercreditor Agreement. Amounts on deposit in the Class B Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.6(f) of the Intercreditor Agreement.

Appears in 1 contract

Sources: Revolving Credit Agreement (United Air Lines Inc)

Payments from Available Funds Only. All payments to be ---------------------------------- made by the Borrower under this Agreement shall be made only from amounts received by it that constitute Scheduled Payments or Special Payments or payments under Sections 7(b) and 7(c) of the Leased Aircraft Participation Agreement, Section 7(c) of the 747 Leased Aircraft Participation Agreement, Section 5(b) of the Owned Aircraft Participation Agreement and Section 7 of the 747 Leased Equipment Note Purchase Agreement, Sections 5(i), 7 and 9 of the AFE Note Purchase Agreement and Sections 4(i) and 7 of the United Equipment Note Purchase Agreement, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it shall look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement or the Intercreditor Agreement. Amounts on deposit in the Class B A-2 Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.6(f) of the Intercreditor Agreement.

Appears in 1 contract

Sources: Revolving Credit Agreement (United Air Lines Inc)

Payments from Available Funds Only. All payments to be ---------------------------------- made by the Borrower under this Agreement shall be made only from amounts received by it that constitute Scheduled Payments or Special Payments or payments under Sections 7(b) and 7(c) of the Leased Aircraft Participation Agreement, Section 7(c) of the 747 Leased Aircraft Participation Agreement, Section 5(b) of the Owned Aircraft Participation Agreement and Section 7 of the 747 Leased Equipment Note Purchase Agreement, Sections 5(i), 7 and 9 of the AFE Note Purchase Agreement and Sections 4(i) and 7 of the United Equipment Note Purchase Agreement, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it shall look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement or the Intercreditor Agreement. Amounts on deposit in the Class B A-1 Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.6(f) of the Intercreditor Agreement.

Appears in 1 contract

Sources: Revolving Credit Agreement (United Air Lines Inc)