Pledged Spare Parts. All of the Pledged Spare Parts are or will (upon becoming subject to the Lien of the Mortgage) be maintained by or on behalf of the Borrower at the Designated Locations, subject to Section 3.02 of the Spare Parts Mortgage and Security Agreement.
Pledged Spare Parts. Each Credit Party shall segregate all of its Pledged Spare Parts from any Spare Parts which are subject to any consignment arrangement, and shall keep all Spare Parts not so subject to a consignment arrangement in Designated Spare Parts Locations, except to the extent permitted in the Spare Parts Mortgage. The Pledged Spare Parts will be maintained by or on behalf of the Air Carriers that are Credit Parties, as required by the Spare Parts Mortgage.
Pledged Spare Parts. Segregate all of its Pledged Spare Parts from any Spare Parts which are subject to any consignment arrangement, and shall keep all Spare Parts not so subject to a consignment arrangement in Spare Parts Locations, except to the extent permitted in the Second Lien Aircraft Mortgage. The Pledged Spare Parts will be maintained by or on behalf of the Borrower and Comair, as required by the Second Lien Aircraft Mortgage.
Pledged Spare Parts. 35 5.14 Aircraft Mortgage; Spare Parts Mortgage; SGR Security Agreement...................................................... 35 5.15
Pledged Spare Parts. (a) Tracking System The Grantors shall from the date on which Pledged Spare Parts are included as Collateral hereunder and at all times thereafter (so long as the Collateral continues to include Pledged Spare Parts) maintain the Tracking System in a manner sufficient to monitor the Pledged Spare Parts and its perpetual inventory procedures for Pledged Spare Parts that provide a continuous internal audit of Pledged Spare Parts. Notwithstanding the limitations in this Section 2.06, at reasonable times during normal business hours, at their own expense and upon reasonable notice (which shall not be less than 5 Business Days) to the Grantors (as often as may be reasonably requested), the Administrative Agent shall be entitled to access and inspect the Tracking System to ensure each Grantor’s compliance with the terms hereof. Such inspection right shall not be exercised in a manner which is unduly disruptive to the operation or maintenance of the Tracking System or the business operations of a Grantor nor shall such inspection right be exercised at any time when the Collateral does not include Pledged [Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] Spare Parts. If requested by the Administrative Agent, Grantors will use commercially reasonable efforts to obtain a written acknowledgment of the Administrative Agent’s access and inspection rights hereunder from any third party which owns or operates the Tracking System. Any inspection pursuant to this Section 2.06 shall be at the sole risk (including, without limitation, any risk of personal injury or death) and expense of the Lender or Administrative Agent (or their respective representatives) making such inspection;
Pledged Spare Parts. 40 5.13 SGR Security Agreement........................................................................40 5.14
Pledged Spare Parts. [for the Book Value of Pledged Spare Parts as Collateral Value Certificate delivered of September 30, 2002 [for the on the Closing Date] Collateral Value Certificate delivered on the Closing Date]: Total Collateral Value: In addition, the undersigned hereby certifies as of the date hereof as follows:
Pledged Spare Parts. 28 Preconditions.................................... 29
Pledged Spare Parts. Spare Parts or (prior to the release of all Slots pursuant to Section 4.04(f) of the Pledge Agreement) Slots; and (c) any Collateral or Acquired Slots (if permitted by the Master Sub- License Agreement): cash or Investment Securities; provided, in each case, that the Collateral to be substituted (the "new Collateral") is subject to no Liens except Permitted Collateral Liens, that there has been compliance (to the extent applicable) with Section 4.04(e) of the Pledge Agreement and Section 7.01 of the Master Sub-License Agreement, and that the Appraised Value of the new Collateral or new Slots equals or exceeds the Appraised Value of the old Collateral or old Slots.
Pledged Spare Parts
