IDERA Sample Clauses

The IDERA (Irrevocable Deed of Easement and Right of Access) clause grants a lender the right to take control of a borrower's interest in an aircraft in the event of default, typically under a secured aircraft financing arrangement. This clause allows the lender to register the IDERA with the relevant aviation authority, enabling them to repossess, export, or otherwise deal with the aircraft without the borrower's cooperation if necessary. Its core practical function is to streamline and secure the lender's ability to recover their asset, reducing legal and administrative barriers in cross-border aircraft transactions.
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IDERA. In connection with the execution and delivery of this Agreement to Agent by Debtor, Debtor shall execute and deliver to Agent an IDERA for each and every Senior Mortgaged Aircraft, as applicable, made subject to this Agreement, in the form of Exhibit “A” hereto, which will be filed with the FAA as an attachment to either this Agreement or any amendment or supplement to this Agreement as applicable within five (5) Business Days of such aircraft becoming a Senior Mortgaged Aircraft.
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IDERA. If any prospective international interest or international interest has been registered at the International Registry under paragraph 1 above the Lessee shall promptly procure the execution of an IDERA by the Permitted Sublessee and its recordation by the relevant Aviation Authority to the extent such recordation is permissible by the relevant Aviation Authority, irrevocably appoint the Lessor or its certified designee under the IDERA. Following recordation or the execution of the IDERA as the case may be, the Lessee shall deliver the IDERA to the Lessor.
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IDERA. Within 15 Business Days following request from Lessor after the relevant authority in the State of Registration agrees to record IDERAs, Lessee shall provide evidence to Lessor that the IDERA from the Initial Sublessee has been recorded by such authority as contemplated by Article XIII(2) of the Cape Town Aircraft Protocol. LATAM MSN [_____] -8-
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IDERA. The word "IDERA" means an Irrevocable De-Registration and Export Request Authorization, which is attached to this Agreement.
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IDERA an irrevocable de-registration and export request authorisation by Lessee in favour of New Lessor and its delegates substantially in the form of Schedule H (the “IDERA”);
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IDERA. A certified true copy of IDERA, in English and Spanish, duly signed by and on behalf of the Lessee and the Aviation Authority, and notarized and legalized, if applicable, together with (a) a Consent to Deregister addressed to the Aviation Authority and signed by the Lessee and (b) a consent letter from the Lessee relating to the IDERA.
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IDERA. As a result of any act or omission of the Lessee or any Sub-lessee, the Head Lessee does not provide the Lessor with the IDERA duly recorded by the Aviation Authority if required pursuant to:
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