The Applicable Certificates Clause Samples
The "Applicable Certificates" clause defines which certificates are relevant and required under the agreement. Typically, this clause specifies the types of certificates—such as insurance, compliance, or regulatory documents—that a party must provide to demonstrate adherence to contractual or legal obligations. For example, a contractor may need to furnish proof of liability insurance or a business license before commencing work. The core function of this clause is to ensure that all necessary documentation is provided and verified, thereby reducing risk and ensuring compliance with the agreement's requirements.
The Applicable Certificates. Section 3.01. The Certificates. There is hereby created a series of Certificates to be issued under this Agreement designated as "6.817% American Airlines Pass Through Certificates, Series 2001-1A-2" (the "Initial Certificates"). The exchange certificates which may be issued and offered in exchange for the Initial Certificates pursuant to the Registration Rights Agreement shall be known as the "6.817% American Airlines Exchange Pass Through Certificates Series 2001-1A-2" (the "Exchange Certificates"). The Initial Certificates and the Exchange Certificates are hereinafter defined as the "Applicable Certificates". Each Applicable Certificate represents a fractional undivided interest in the Applicable Trust created hereby. The Applicable Certificates shall be the only instruments evidencing a fractional undivided interest in the Applicable Trust. The terms and conditions applicable to the Applicable Certificates and the Applicable Trust are as follows:
(a) The aggregate face amount of the Applicable Certificates that may be authenticated and delivered under this Agreement (except for Applicable Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Applicable Certificates pursuant to Sections 3.03, 3.04, 3.05 and 3.06 of the Basic Agreement or upon exchange of the Initial Certificates for Exchange Certificates) is $392,209,000.
(b) The Cut-off Date is June 29, 2001.
(c) The Regular Distribution Dates with respect to any payment of Scheduled Payments means May 23 and November 23 of each year, commencing on November 23, 2001, until payment of all of the Scheduled Payments to be made under the Equipment Notes has been made. The principal amount of the Equipment Notes to be held by the Applicable Trust is scheduled for payment on May 23, 2011.
(d) The Special Distribution Dates with respect to the Applicable Certificates means any Business Day on which a Special Payment is to be distributed pursuant to this Agreement.
(e) The Applicable Certificates shall be in the form attached hereto as Exhibit A. Subject to Section 5.01(d) of this Trust Supplement, the Applicable Certificates shall be Book-Entry Certificates and shall be subject to the conditions set forth in the Letter of Representations between the Company and The Depository Trust Company, as initial Clearing Agency, attached hereto as Exhibit E.
(f) The proceeds of the Applicable Certificates issued by the Applicable Trust shall be used to acquir...
The Applicable Certificates. Section 3.01. The Certificates ..................................................................
The Applicable Certificates. Section 3.01. The Certificates........................................... 5 Section 3.02. Delivery of Documents...................................... 6 Section 3.03. The Trustee................................................ 7 Section 3.04. Representations and Warranties of the Trustee.............. 7
The Applicable Certificates