Eligible Aircraft. (a) Full legal and beneficial ownership of each Aircraft identified as Eligible Aircraft in the most recent Borrowing Base Certificate is held by Borrowers or Evergreen Equity and is free and clear of all Liens (other than Permitted Liens).
Appears in 2 contracts
Samples: Credit Agreement (Erickson Air-Crane Inc.), Possession Credit Agreement (Erickson Inc.)
Eligible Aircraft. (a) Full legal and beneficial ownership of each Aircraft identified as Eligible Aircraft in the most recent Borrowing Base Certificate submitted pursuant to the DIP Revolving Credit Agreement is held by Borrowers Borrower, Evergreen or Evergreen Equity and is free and clear of all Liens (other than Permitted Liens).
Appears in 2 contracts
Samples: Possession Credit Agreement (Erickson Inc.), Credit Agreement
Eligible Aircraft. (a) Full legal and beneficial ownership of each Aircraft identified as Eligible Aircraft in the most recent Borrowing Base Certificate is held by Borrowers or Evergreen Equity and is free and clear of all Liens (other than Permitted Liens).
Appears in 1 contract
