Common use of Senior Note Clause in Contracts

Senior Note. Great Lakes currently is obligated to RACC under a Senior Note dated March 23, 2007 (the “Senior Note”) that is secured by four (4) Aircraft Security Agreements, (the “Embraer Security Agreements” and, collectively with the Senior Note, the “Senior Note Documents”), each of which relates to an Embraer Model EMB-120ER aircraft. Great Lakes acknowledges its obligations under the Senior Note Documents and hereby confirms and ratifies each of its obligations under the Senior Note Documents. Except for such confirmation and ratification and the provisions of Sections 2 and 4 of this Agreement, this Agreement does not affect the Senior Note Documents in any way, each of which shall remain in full force and effect.

Appears in 3 contracts

Sources: Promissory Note Amendment (Great Lakes Aviation LTD), Promissory Note and Security Agreement Amendment (Great Lakes Aviation LTD), Security Agreement (Great Lakes Aviation LTD)