Aircraft Mortgage definition
Examples of Aircraft Mortgage in a sentence
The Company represents and warrants that, except as set forth in the SEC Reports or the Disclosure Schedules, the representations and warranties of the Mortgagors set forth in Article II of the Aircraft Mortgage and Security Agreement are true and correct in all material respects as of the date hereof and as of the Closing Date, and such representations and warranties are incorporated herein by reference as if set forth in full in this Section 4.10.
The obligations of the Company under this Debenture are supported by the Letter of Credit and secured by the Aircraft listed on Schedule 1 pursuant to the Aircraft Mortgage and Security Agreement, dated as of June 30, 2026, by and among the Company and certain of its Subsidiaries.
The Company shall cause the Aircraft Mortgage to create and maintain a first priority perfected lien, subject only to Permitted Liens, on each Aircraft for the benefit of the Collateral Agent.