Common use of Aircraft Description Clause in Contracts

Aircraft Description. The Aircraft is a Boeing model 737-7BD aircraft, consisting of (1) an airframe bearing FAA registration no. N330AT and manufacturer’s serial no. 33935, (2) two CFM International model CFM56-7B20 engines (each of which has (A) 750 or more rated takeoff horsepower or its equivalent and (B) 1750 or more pounds of thrust or its equivalent), bearing manufacturer’s serial nos. [ ] and [ ], and (3) all appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or property incorporated in such airframe and engines. EXHIBIT B FORM OF EQUIPMENT NOTE Equipment Note due [ ], 201[ ] (“Maturity Date”), issued in connection with the Boeing model 737-700 aircraft bearing United States registration xxxx N330AT. No. [ ] [ ], 200[ ] $[ ] AirTran Airways, Inc. (“Borrower”), a Delaware corporation hereby promises to pay to [ ] (or its registered assignee) the principal sum of $[ ] (the “Original Amount”), together with interest at the Debt Rate on the unpaid balance of the Original Amount (calculated on the basis of a 360-day year [and actual number of days elapsed]1[consisting of twelve 30-day months]2) from the date hereof until paid in full. The Original Amount of this Equipment Note shall be payable in forty-eight (48) quarterly installments on the dates set forth in Schedule I hereto (each a “Payment Date”) equal to the corresponding principal amounts set forth in Schedule I hereto. Accrued but unpaid interest thereon, shall be due and payable quarterly in arrears on each Payment Date. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. If any date on which a payment under this Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the following Business Day (unless such extension would cause such payment to be made in a succeeding calendar month, in which case such payment shall be made on the preceding Business Day), and if such payment is made on such following Business Day, interest shall accrue on the amount of such payment during such extension at the Debt Rate.

Appears in 1 contract

Samples: Loan Agreement (Airtran Holdings Inc)

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Aircraft Description. The Aircraft is a Boeing model 737-7BD aircraft, consisting of (1) an airframe bearing FAA registration no. N330AT N344AT and manufacturer’s serial no. 3393533939, (2) two CFM International model CFM56-7B20 engines (each of which has (A) 750 or more rated takeoff horsepower or its equivalent and (B) 1750 or more pounds of thrust or its equivalent), bearing manufacturer’s serial nos. [ ] and [ ], and (3) all appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or property incorporated in such airframe and engines. EXHIBIT B FORM OF EQUIPMENT NOTE Equipment Note due [ ], 201[ ] (“Maturity Date”), issued in connection with the Boeing model 737-700 aircraft bearing United States registration xxxx N330ATN344AT. No. [ ] [ ], ,200[ ] $[ ] AirTran Airways, Inc. (“Borrower”), a Delaware corporation hereby promises to pay to [ ] (or its registered assignee) the principal sum of $[ ] (the “Original Amount”), together with interest at the Debt Rate on the unpaid balance of the Original Amount (calculated on the basis of a 360-day year [and actual number of days elapsed]1[consisting of twelve 30-day months]2) from the date hereof until paid in full. The Original Amount of this Equipment Note shall be payable in forty-eight (48) quarterly installments on the dates set forth in Schedule I hereto (each a “Payment Date”) equal to the corresponding principal amounts set forth in Schedule I hereto. Accrued but unpaid interest thereon, shall be due and payable quarterly in arrears on each Payment Date. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. If any date on which a payment under this Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the following Business Day (unless such extension would cause such payment to be made in a succeeding calendar month, in which case such payment shall be made on the preceding Business Day), and if such payment is made on such following Business Day, interest shall accrue on the amount of such payment during such extension at the Debt Rate.

Appears in 1 contract

Samples: Loan Agreement (Airtran Holdings Inc)

Aircraft Description. The Aircraft is a Boeing model 737-7BD aircraft, consisting of (1) an airframe bearing FAA registration no. N330AT N[ ]AT and manufacturer’s serial no. 33935[ ], (2) two CFM International model CFM56-7B20 engines (each of which has (A) 750 or more rated takeoff horsepower or its equivalent and (B) 1750 or more pounds of thrust or its equivalent), bearing manufacturer’s serial nos. [ ] and [ ], and (3) all appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or property incorporated in such airframe and engines. EXHIBIT B FORM OF EQUIPMENT NOTE Equipment Note due [ ], 201[ 201[6/7] (“Maturity Date”), issued in connection with the Boeing model 737-700 aircraft bearing United States registration xxxx N330ATN[ ]AT. No. [ ] [ ], 200[ ] $[ ] AirTran Airways, Inc. (“Borrower”), a Delaware corporation hereby promises to pay to [ ] (or its registered assignee) the principal sum of $[ ] (the “Original Amount”), together with interest at the Debt Rate on the unpaid balance of the Original Amount (calculated on the basis of a 360-day year [and actual number of days elapsed]1[consisting of twelve 30-day months]2) from the date hereof until paid in full. The Original Amount of this Equipment Note shall be payable in forty-eight (48) quarterly installments on the dates set forth in Schedule I hereto (each a “Payment Date”) equal to the corresponding principal amounts set forth in Schedule I hereto. Accrued but unpaid interest thereon, shall be due and payable quarterly in arrears on each Payment Date. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. If any date on which a payment under this Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the following Business Day (unless such extension would cause such payment to be made in a succeeding calendar month, in which case such payment shall be made on the preceding Business Day), and if such payment is made on such following Business Day, interest shall accrue on the amount of such payment during such extension at the Debt Rate.

Appears in 1 contract

Samples: Loan Agreement (Airtran Holdings Inc)

Aircraft Description. The Aircraft is a Boeing model 737-7BD aircraft, consisting of (1) an airframe bearing FAA registration no. N330AT N336AT and manufacturer’s serial no. 3393533936, (2) two CFM International model CFM56-7B20 engines (each of which has (A) 750 or more rated takeoff horsepower or its equivalent and (B) 1750 or more pounds of thrust or its equivalent), bearing manufacturer’s serial nos. [ ] and [ ], and (3) all appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or property incorporated in such airframe and engines. EXHIBIT B FORM OF EQUIPMENT NOTE Equipment Note due [ ], 201[ ] (“Maturity Date”), issued in connection with the Boeing model 737-700 aircraft bearing United States registration xxxx N330ATN336AT. No. [ ] [ ], 200[ ] $[ ] AirTran Airways, Inc. (“Borrower”), a Delaware corporation hereby promises to pay to [ ] (or its registered assignee) the principal sum of $[ ] (the “Original Amount”), together with interest at the Debt Rate on the unpaid balance of the Original Amount (calculated on the basis of a 360-day year [and actual number of days elapsed]1[consisting of twelve 30-day months]2) from the date hereof until paid in full. The Original Amount of this Equipment Note shall be payable in forty-eight (48) quarterly installments on the dates set forth in Schedule I hereto (each a “Payment Date”) equal to the corresponding principal amounts set forth in Schedule I hereto. Accrued but unpaid interest thereon, shall be due and payable quarterly in arrears on each Payment Date. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. If any date on which a payment under this Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the following Business Day (unless such extension would cause such payment to be made in a succeeding calendar month, in which case such payment shall be made on the preceding Business Day), and if such payment is made on such following Business Day, interest shall accrue on the amount of such payment during such extension at the Debt Rate.

Appears in 1 contract

Samples: Loan Agreement (Airtran Holdings Inc)

Aircraft Description. The Aircraft is a Boeing model 737-7BD aircraft, consisting of (1) an airframe bearing FAA registration no. N330AT N[ ]AT and manufacturer’s serial no. 33935[ ], (2) two CFM International model CFM56-7B20 engines (each of which has (A) 750 or more rated takeoff horsepower or its equivalent and (B) 1750 or more pounds of thrust or its equivalent), bearing manufacturer’s serial nos. [ ] and [ ], and (3) all appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or property incorporated in such airframe and engines. EXHIBIT B FORM OF EQUIPMENT NOTE Equipment Note due [ ], 201[ ] 2018 (“Maturity Date”), issued in connection with the Boeing model 737-700 7BD aircraft initially bearing United States registration xxxx N330ATN[ ]AT. No. [ ] [ ], ,200[ ] $[ ] AirTran Airways, Inc. (“Borrower”), a Delaware corporation hereby promises to pay to [ ] (or its registered assignee) the principal sum of $[ ] (the “Original Amount”), together with interest at the Debt Rate on the unpaid balance of the Original Amount (calculated on the basis of a 360-day year [and actual number of days elapsed]1[consisting of twelve 30-day months]2) elapsed from the date hereof until paid in full. The Original Amount of this Equipment Note shall be payable in fortytwenty-eight four (4824) quarterly semi-annual installments on the dates set forth in Schedule I hereto (each a “Payment Date”) equal to the corresponding principal amounts set forth in Schedule I hereto. Accrued but unpaid interest thereon, shall be due and payable quarterly semiannually in arrears on each Payment Date. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. If any date on which a payment under this Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the following Business Day (unless unless, if by virtue of such extension such day would cause such payment to be made fall in a the next succeeding calendar month, in which case such payment shall be made on the immediately preceding Business Day), and if interest payable on the unpaid Original Amount shall be adjusted to take into account such payment is made on such following Business Dayextension (or, in the case of the preceding parenthetical, period reduction; i.e., interest payable on any Payment Date shall accrue on the amount be adjusted to include an accrual of such payment during such extension interest at the Debt RateRate for the number of days included in the Interest Period ending on such Payment Date).

Appears in 1 contract

Samples: Loan Agreement (Airtran Holdings Inc)

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Aircraft Description. The Aircraft is a Boeing model 737-7BD aircraft, consisting of (1) an airframe bearing FAA registration no. N330AT N337AT and manufacturer’s serial no. 3393533937, (2) two CFM International model CFM56-7B20 engines (each of which has (A) 750 or more rated takeoff horsepower or its equivalent and (B) 1750 or more pounds of thrust or its equivalent), bearing manufacturer’s serial nos. [ ] and [ ], and (3) all appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or property incorporated in such airframe and engines. EXHIBIT B FORM OF EQUIPMENT NOTE Equipment Note due [ ], 201[ ] (“Maturity Date”), issued in connection with the Boeing model 737-700 aircraft bearing United States registration xxxx N330ATN337AT. No. [ ] [ ], ,200[ ] $[ ] AirTran Airways, Inc. (“Borrower”), a Delaware corporation hereby promises to pay to [ ] (or its registered assignee) the principal sum of $[ ] (the “Original Amount”), together with interest at the Debt Rate on the unpaid balance of the Original Amount (calculated on the basis of a 360-day year [and actual number of days elapsed]1[consisting of twelve 30-day months]2) from the date hereof until paid in full. The Original Amount of this Equipment Note shall be payable in forty-eight (48) quarterly installments on the dates set forth in Schedule I hereto (each a “Payment Date”) equal to the corresponding principal amounts set forth in Schedule I hereto. Accrued but unpaid interest thereon, shall be due and payable quarterly in arrears on each Payment Date. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. If any date on which a payment under this Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the following Business Day (unless such extension would cause such payment to be made in a succeeding calendar month, in which case such payment shall be made on the preceding Business Day), and if such payment is made on such following Business Day, interest shall accrue on the amount of such payment during such extension at the Debt Rate.

Appears in 1 contract

Samples: Loan Agreement (Airtran Holdings Inc)

Aircraft Description. The Aircraft is a Boeing model 737-7BD aircraft, consisting of (1) an airframe bearing FAA registration no. N330AT N320AT and manufacturer’s serial no. 3393533932, (2) two CFM International model CFM56-7B20 engines (each of which has (A) 750 or more rated takeoff horsepower or its equivalent and (B) 1750 or more pounds of thrust or its equivalent), bearing manufacturer’s serial nos. [ ] and [ ], and (3) all appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or property incorporated in such airframe and engines. EXHIBIT B FORM OF EQUIPMENT NOTE Equipment Note due [ ], 201[ ] (“Maturity Date”), issued in connection with the Boeing model 737-700 aircraft bearing United States registration xxxx N330ATN320AT. No. [ ] [ ], ,200[ ] $[ ] AirTran Airways, Inc. (“Borrower”), a Delaware corporation hereby promises to pay to [ ] (or its registered assignee) the principal sum of $[ ] (the “Original Amount”), together with interest at the Debt Rate on the unpaid balance of the Original Amount (calculated on the basis of a 360-day year [and actual number of days elapsed]1[consisting elapsed]1 [consisting of twelve 30-day months]2) from the date hereof until paid in full. The Original Amount of this Equipment Note shall be payable in forty-eight (48) quarterly installments on the dates set forth in Schedule I hereto (each a “Payment Date”) equal to the corresponding principal amounts set forth in Schedule I hereto. Accrued but unpaid interest thereon, shall be due and payable quarterly in arrears on each Payment Date. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. If any date on which a payment under this Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the following Business Day (unless such extension would cause such payment to be made in a succeeding calendar month, in which case such payment shall be made on the preceding Business Day), and if such payment is made on such following Business Day, interest shall accrue on the amount of such payment during such extension at the Debt Rate.

Appears in 1 contract

Samples: Loan Agreement (Airtran Holdings Inc)

Aircraft Description. The Aircraft is a Boeing model 737-7BD aircraft, consisting of (1) an airframe bearing FAA registration no. N330AT N[ ]AT and manufacturer’s serial no. 33935[ ], (2) two CFM International model CFM56-7B20 engines (each of which has (A) 750 or more rated takeoff horsepower or its equivalent and (B) at least 1750 or more pounds of thrust or its equivalent), bearing manufacturer’s serial nos. [ ] and [ ], and (3) all appliances, parts, instruments, appurtenances, accessories, furnishings, and other equipment or property incorporated in such airframe and engines. EXHIBIT B FORM OF EQUIPMENT NOTE Equipment Note due [ ], 20120[ ] (“Maturity Date”), issued in connection with the Boeing model 737-700 7BD aircraft initially bearing United States registration xxxx N330ATN[ ]AT. No. [ ] [ ], ,200[ ] $[ ] AirTran Airways, Inc. (“Borrower”), a Delaware corporation hereby promises to pay to [ ] (or its registered assignee) the principal sum of $[ ] (the “Original Amount”), together with interest at the Debt Rate on the unpaid balance of the Original Amount (calculated on the basis of a 360-day year [and actual number of days elapsed]1[consisting of twelve 30-day months]2) elapsed from the date hereof until paid in full. The Original Amount of this Equipment Note shall be payable in fortytwenty-eight four (4824) quarterly semi-annual installments on the dates set forth in Schedule I hereto (each a “Payment Date”) equal to the corresponding principal amounts set forth in Schedule I hereto. Accrued but unpaid interest thereon, shall be due and payable quarterly semiannually in arrears on each Payment Date. Notwithstanding the foregoing, the final payment made on this Equipment Note shall be an amount sufficient to discharge in full the unpaid Original Amount and all accrued and unpaid interest on, and any other amounts due under, this Equipment Note. If any date on which a payment under this Equipment Note becomes due and payable is not a Business Day, then such payment shall not be made on such scheduled date but shall be made on the following Business Day (unless unless, if by virtue of such extension such day would cause such payment to be made fall in a the next succeeding calendar month, in which case such payment shall be made on the immediately preceding Business Day), and if interest payable on the unpaid Original Amount shall be adjusted to take into account such payment is made on such following Business Dayextension (or, in the case of the preceding parenthetical, period reduction; i.e., interest payable on any Payment Date shall accrue on the amount be adjusted to include an accrual of such payment during such extension interest at the Debt RateRate for the number of days included in the Interest Period ending on such Payment Date).

Appears in 1 contract

Samples: Loan Agreement (Airtran Holdings Inc)

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