Aircraft and Spare Engine Mortgage definition

Aircraft and Spare Engine Mortgage means the Mortgage and Security Agreement, in substantially the form of Exhibit E, entered into by the Borrower and the Administrative Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.
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Aircraft and Spare Engine Mortgage means (i) the Mortgage and Security Agreement dated as of May 29, 2020,entered into by the Borrower and the Administrative Agent, as ratified on the date hereof and as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time or (ii) any other security agreement, entered into byanother Grantor and the Administrative Agent, to pledge Eligible Aircraft and/or Eligible Engines as Collateral, in substantially the form of Exhibit E (or in such other form as may be reasonably acceptable to the Administrative Agent and the Borrower).
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Aircraft and Spare Engine Mortgage means the Mortgage and Security Agreement, in substantially the form of E xhibit A, entered into by the Borrower (or any other applicable Grantor) and the Administrative Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.
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Examples of Aircraft and Spare Engine Mortgage in a sentence

  • The Borrower shall have duly executed and delivered to the Administrative Agent the Aircraft and Spare Engine Mortgage.

  • Promptly upon the recording of the Aircraft and Spare Engine Mortgage (with Mortgage Supplement No. 1 attached) pursuant to the Act, the Borrower will cause Aviation Counsel to deliver to the Administrative Agent and the Borrower an opinion as to the due recording of such instruments and the lack of filing of any intervening documents with respect to the Pledged Aircraft and the Pledged Engines.

  • For the avoidance of doubt, nothing contained in the foregoing shall prohibit (and the Release Threshold shall not be reduced by) any substitution of engines or other parts on an aircraft if such substitution is permitted or required under the Aircraft and Spare Engine Mortgage.


More Definitions of Aircraft and Spare Engine Mortgage

Aircraft and Spare Engine Mortgage means (i) the Mortgage and Security Agreement dated as of May 29, 2020, entered into by the Borrower and the Administrative Agent, as ratified on the date hereof and as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time or (ii) any other security agreement, entered into by another Grantor and the Administrative Agent, to pledge Eligible Aircraft and/or Eligible Engines as Collateral, in substantially the form of Exhibit E (or in such other form as may be reasonably acceptable to the Administrative Agent and the Borrower).
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Related to Aircraft and Spare Engine Mortgage

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • aircraft engines means aircraft engines (other than those used in military, customs or police services) powered by jet propulsion or turbine or piston technology and:

  • Aircraft Documents means all flight records, maintenance records, historical records, modification records, overhaul records, manuals, logbooks, authorizations, drawings and data relating to the Airframe, any Engine, or any Part, or that are required by Applicable Law to be created or maintained with respect to the maintenance and/or operation of the Aircraft.

  • Leased Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Airframe means the Aircraft excluding the Propulsion Systems.

  • New Aircraft Has the meaning specified in the Note Purchase Agreement.

  • aircraft operator means a person that operated at least 729 commercial air transport flights departing from Union airports in the reporting period or, where that person may not be identified, the owner of the aircraft;

  • airframes means airframes (other than those used in military, customs or police services) that, when appropriate aircraft engines are installed thereon, are type certified by the competent aviation authority to transport:

  • State aircraft means an aircraft, other than a commercial aircraft, owned and operated by the government of any country or the government of a colony, dependency, province, state, territory or municipality of a country;

  • Equipment Lease means a Contract for the lease of Equipment or for the purchase of Equipment under a conditional sales or title retention agreement.

  • aircraft type means all aircraft of the same basic design including all modifications thereto except those modifications which result in a change in handling or flight characteristics;

  • Unmanned aircraft means an aircraft that is not:

  • Unmanned aircraft system means an unmanned aircraft and associated elements (including communication links and the components that control the unmanned air- craft) that are required for the operator to operate safely and efficiently in the national airspace system.’’.

  • Public aircraft means an aircraft used exclusively in the service of any government or of any political subdivision thereof, including the government of any state, territory, or possession of the United States, or the District of Columbia, but not including any government-owned aircraft engaged in carrying persons or property for commercial purposes.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • Civil aircraft means any aircraft other than a public aircraft.

  • Aircraft Protocol means the official English language text of the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and all amendments, supplements, and revisions thereto (and from and after the effective date of the Cape Town Treaty in the relevant country, means when referring to the Aircraft Protocol with respect to that country, the Aircraft Protocol as in effect in such country, unless otherwise indicated).

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Owned Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Engines means, as of any date of determination, all Engines then leased hereunder.

  • Lease Supplement means a Lease Supplement, substantially in the form of Schedule 2 hereto, to be entered into between Lessor and Lessee on the Delivery Date for the purpose of leasing the Aircraft under and pursuant to the terms of this Agreement, and any subsequent Lease Supplement entered into in accordance with the terms of this Agreement.

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Equipment Leases shall have the meaning set forth in Section 2.1(b) hereof.