ACS Group definition
Examples of ACS Group in a sentence
No Person within the ACS Group has modified, amended or waived any provision of or terminated any Aircraft Assets Related Documents referred to in Schedule 5.01(b) of the Remarketing Services Agreements except as disclosed therein.
All payments of Available Collections to be made to or for the account of Holders of any subclass of ACS Group Securities, pursuant to this Section 3.08 shall be made through a direct transfer of funds to the applicable Securities Account with respect to such subclass of ACS Group Securities.
The application of the proceeds of the Loans and repayment thereof by each Borrower and the performance by each Borrower and the other ACS Group Members’ of the transactions contemplated by the Related Documents will not violate any provision of said Act, or any rule, regulation or order issued by the Securities and Exchange Commission thereunder, in each case as in effect on the date hereof.
Upon notice to it of an ACS Group Refinancing, the Cash Manager shall cause the Operating Bank to establish and maintain a Refinancing Account pursuant to Section 3.01(a) hereof in the name of the Security Trustee for the benefit of the Holders of the subclass of ACS Group Securities, if any, to be refinanced.
Each Quarterly Report and Annual Report, as the case may be, shall contain a listing of the ACS Group Aircraft that are not subject to any ACS Group Lease.
No Borrower or other ACS Group Member is an “investment company,” or “promoter” or “principal underwriter” for, an “investment company”, as such terms are defined in the Investment Company Act of 1940, as amended (15 U.S.C. § 80a-1, et seq.).
The Borrower or the Guarantor, as applicable, shall notify the Collateral Agent and the Administrative Agent of the satisfaction or waiver (specifying which) of all conditions for the payment of the Aircraft Purchase Price of any ACS Group Aircraft not acquired on a Closing Date.
All Rental Payments and other amounts received pursuant to any Related Collateral Document shall be deposited into such Rental Account (including any Non-Trustee Account) as the Cash Manager may determine or as provided for in the Cash Management Agreement or, with respect to any ACS Group Aircraft held by the ACS Ireland Group, all Rental Payments and other amounts received pursuant to any Related Collateral Document related to such ACS Group Aircraft shall be deposited into the Irish Rental Account.
The constitutional documents of the ACS Group Subsidiaries shall contain provisions requiring the ACS Group Subsidiaries to comply with the provisions of the Related Documents and any amendment to such provision shall be subject to the prior written consent of the Facility Agent.
The Borrower shall deliver, at least once a year each year and in no event later than with the Monthly Report in respect of May of each year (commencing in 2009), to the Facility Agent, the Guarantor, the Administrative Agent and the Liquidity Facility Provider for inclusion in its next Monthly Report an Appraisal in respect of each Aircraft in the ACS Group Portfolio.