Aircraft Trust definition

Aircraft Trust is defined in Paragraph 1 of the Security Agreement.

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Aircraft Trust means either of the grantor trusts in which KCI USA owns a beneficial interest created pursuant to (i) the terms of the Trust Agreement (Federal Express 1991-A), dated as of September 29, 1993, as amended by the First Amendment of Trust Agreement, dated as of December 29, 1994, which agreement provides that the trust estate consists of one ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ DC-10-30F Aircraft, Manufacturer’s Serial No. 47835, U.S. Registration No. N320FE and three General Electric Model CF6-5OC2 Engines, Manufacturer’s Serial Nos. 455311, 455720 and 455705, and (ii) the terms of the Trust Agreement (Federal Express 1991-B), dated as of September 29, 1993, as amended by the First Amendment of Trust Agreement, dated as of December 30, 1996, which agreement provides that the trust estate consists of one ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ DC-10-30CF Aircraft, Manufacturer’s Serial No. 47836, U.S. Registration No. N321FE and three General Electric Model CF6-5OC2 Engines, Manufacturer’s Serial Nos. 528146, 455217 and 455900. The aggregate book value of KCI USA’s interest in these trusts is $7,400,000.

Aircraft Trust means either of the grantor trusts referred to in Schedule 7.03.

Examples of Aircraft Trust in a sentence

On the Delivery Date, there are no Lessor Liens attributable to First Security or Owner Trustee in respect of all or any part of the Aircraft, Trust Estate or the Trust Indenture Estate.
On the Closing Date, there are no Lessor Liens attributable to First Security or Owner Trustee in respect of all or any part of the Aircraft, Trust Estate or the Trust Indenture Estate.
There are no Lessor Liens attributable to FSB or Owner Trustee in respect of all or any part of the Aircraft, Trust Estate, or the Collateral.
For the avoidance of doubt the Authority has allocated budgets up to the maxima in paragraph 18 for the purposes specified in those paragraphs.
On the Delivery Date, there are no Lessor Liens attributable to Bank or Owner Trustee in respect of all or any part of the Aircraft, Trust Estate or the Trust Indenture Estate.
World Travel confirms that its interest in the Aircraft is as beneficial owner only pursuant to the terms of the Aircraft Trust, and World Travel claims no right, title or interest as holder of legal title to the Aircraft.
On the Closing Date, there are no Lessor Liens attributable to ▇▇▇▇▇ Fargo or Owner Trustee in respect of all or any part of the Aircraft, Trust Estate or the Trust Indenture Estate.
Each of the Collateral Agent and the Lenders shall have received copies of the fully executed and delivered Aircraft Security Agreement Supplement, Aircraft Trust Agreement and Aircraft Operating Agreement, and the same shall be in full force and effect.
The Borrower, the Subsidiary Parties and the Evergreen Aircraft Trust are sometimes referred to collectively as the "Credit Parties" and individually as a "Credit Party".
Each Grantor agrees that it shall execute collateral assignments of leases relating to Aircraft Related Collateral owned by the Evergreen Aircraft Trust.

More Definitions of Aircraft Trust

Aircraft Trust means, in respect of an Aircraft, the trust that holds legal title to such Aircraft, as set forth as the “Aircraft Trust” in respect of such Aircraft in Exhibit A-4 (as each may be amended, restated, assigned or modified from time to time prior to the date of this Agreement). “Base Purchase Price” means, with respect to each Beneficial Interest, the amount set forth as the “Base Purchase Price” in respect of the relevant Beneficial Interest in Exhibit A-2.