Note Target Price definition

Note Target Price means, for any Equipment Note issued under any Indenture, (i) the aggregate outstanding principal amount of such Equipment Note, plus (ii) the accrued and unpaid interest thereon, together with all other sums owing on or in respect of such Equipment Note under such Indenture (including, without limitation, enforcement costs incurred by the Subordination Agent in respect of such Equipment Note).

Note Target Price means, for any Equipment Note issued under any Indenture, (i) the aggregate outstanding principal amount of such Equipment Note, plus (ii) the accrued and unpaid interest thereon, together with all other sums owing on or in respect of such Equipment Note under such Indenture (including, without limitation, enforcement costs incurred by the Subordination Agent in respect of such Equipment Note). Intercreditor Agreement (2009-1) AA Aircraft EETC

Note Target Price has the meaning given to such term in Section 5.02(g) hereof.

Examples of Note Target Price in a sentence

• AFT believes that the Note Target Price is no longer an economically appropriate measure of AFT’s economic interest in its aircraft and that maintaining hull insurance and Repossession/PRI at these levels results in higher costs to AFT than is commercially reasonable.

• The Proposed Amendments would replace the references to Note Target Price as the required minimum level of hull insurance and Repossession/PRI with a requirement for coverage at least equal to the most recent Adjusted Base Value of each Aircraft.

• As of December 31, 2010, the aggregate Note Target Price for AFT’s aircraft was approximately $886.9 million.

• The requirement in Section 5.03(h) of the Indenture that we maintain hull insurance and Repossession/PRI for each aircraft in an amount at least equal to the Note Target Price for such aircraft results in a level of coverage that makes the purchase of coverage in excess of “lease agreed” values expensive for us.

• The "Note Target Price" means, in respect of any Aircraft, an amount equal to 103% of the aggregate Outstanding Principal Balance of the Notes, together with any accrued but unpaid interest thereon and any related Swap Breakage Costs, allocable to such Aircraft on the date of the sale agreement or Purchase Option granting date, as the case may be.

More Definitions of Note Target Price

Note Target Price has the meaning assigned to such term in Section 5.02(g) of the Indenture.

Note Target Price means, in respect of any Aircraft (not including any Aircraft acquired by way of a contribution), an amount equal to the product of (i) the Designated Percentage with respect to such Aircraft and (ii) the sum of (A) the then Outstanding Principal Balance of the ACS Group Class A Securities, (B) any accrued but unpaid interest on the ACS Group Class A Securities, (C) any related Hedge Breakage Costs, (D) any Policy Premium and Policy Expenses then due and payable to the Policy Provider and (E) any Credit Facility Expenses then due and payable to the Initial Credit Facility Provider.

Note Target Price means, in respect of any Aircraft, an amount equal to 103% of the aggregate Outstanding Principal Balance of the Notes, together with any accrued but unpaid interest thereon and any related Swap Breakage Costs, allocable to such Aircraft on the date of the sale agreement or Purchase Option granting date, as the case may be. On any date, the Outstanding Principal Balance of Notes allocable to an Aircraft shall equal the product of (i) (A) the Adjusted Base Value of such Aircraft divided by (B) the Adjusted Portfolio Value and (ii) the aggregate Outstanding Principal Balance of Notes, in each case on the most recent Payment Date.

Note Target Price means, in respect of any Aircraft, an amount equal to 105% of the aggregate Outstanding Principal Balance of the A-D Airplanes Group Notes allocable to such Aircraft on the date of the sale agreement or purchase option granting date, as the case may be. On any date, the Outstanding Principal Balance of A-D Airplanes Group Notes allocable to an Aircraft shall equal the product of (i) (A) the Adjusted Base Value of such Aircraft divided by (B) the Adjusted Portfolio Value and (ii) the aggregate Outstanding Principal Balance of the A-D Airplanes Group Notes, in each case on the most recent Payment Date.

Note Target Price means, in respect of any Aircraft, an amount equal to 103% of the aggregate Outstanding Principal Balance of the Notes, together with any accrued but unpaid interest thereon and any related Swap Breakage Costs, allocable to such Aircraft on the date of the sale agreement or Purchase Option granting date, as the case may be. On any date, the Outstanding Principal Balance of Notes allocable to an Aircraft shall equal the product of

Note Target Price set forth therein. Paragraph 1 of Annex 1 to the Servicing Agreement shall be deleted in its entirety and replaced with the following paragraph:

Note Target Price means, as of any date of determination thereof and with respect to any Aircraft (not including any Aircraft acquired by way of a contribution, the Note Target Price for which shall be zero), an amount equal to 107% of the aggregate Outstanding Principal Balance of the Initial Notes, together with any accrued but unpaid interest thereon and any related Hedge Breakage Costs and any Policy Premium then due and payable to the Policy Provider, allocable in each case to such Aircraft on the date of the sale agreement or Purchase Option exercise date, as the case may be. On any date, the Outstanding Principal Balance of the Initial Notes and Policy Premium (each an “Allocable Amount”) allocable to an Aircraft shall equal the product of (i) (A) the Assumed Base Value of such Aircraft divided by (B) the Assumed Portfolio Value and (ii) such Allocable Amount, in each case on the most recent Payment Date.