Beneficial Interest Certificates definition
Beneficial Interest Certificates means the certificates evidencing a beneficial interest in WEST issued by WEST pursuant to the Trust Agreement.
Beneficial Interest Certificates has the meaning specified in the Indenture.
Beneficial Interest Certificates has the meaning specified in the Indenture. “Closing Date” means [______], 2025. “USB” has the meaning specified in the recital of parties to this Agreement. “Engine[s]” has the meaning assigned to such term in Schedule 1 attached hereto. “Excluded Payments” means payments in respect of (i) indemnities (including interest thereon, if applicable) payable (directly or indirectly) by a Lessee to an indemnitee (other than to a Grantor for its own account) pursuant to a Lease and (ii) proceeds of public liability insurance in respect of the Assets payable, directly or indirectly, as a result of insurance claims paid, or losses suffered, by a Person (other than a Grantor for its own account) and including, for the avoidance of doubt, the Lessee. “Grantor” has the meaning specified in the recital of parties to this Agreement. “Indenture” has the meaning specified in the recitals to this Agreement. “Initial Lease” has the meaning assigned to such term in Schedule 1 attached hereto. “Issuer” has the meaning specified in the recitals to this Agreement. “Issuer Group Member” means the Issuer or any Issuer Subsidiary.
Examples of Beneficial Interest Certificates in a sentence
This Agreement shall have a term commencing on the Initial Closing Date and expiring on the date of payment in full of all amounts outstanding to be paid on the Notes (and any other obligations secured by the Security Trust Agreement) and all amounts outstanding to be paid to the holders of the Beneficial Interest Certificates.
This Agreement shall expire on the later of (i) the date of payment in full of all amounts outstanding to be paid under the Notes (and other similar obligations issued under the Indenture or other debt instrument or otherwise secured under the Security Trust Agreement), and of all amounts outstanding to be paid to the holders of the Beneficial Interest Certificates and (ii) the date on which neither WEST nor any Subsidiary shall own or lease any Asset.
More Definitions of Beneficial Interest Certificates
Beneficial Interest Certificates means any Beneficial Interest Certificates issued pursuant to the Trust Agreement (or pursuant to any supplements thereto).
Beneficial Interest Certificates means all certificates issued under the Trust Agreement, including the Initial Certificates and all Additional Certificates, if any, so designated, in each case representing pari passu percentage beneficial interests in the property of the Issuer arising out of the Trust Agreement.
Beneficial Interest Certificates means the certificates evidencing a beneficial interest in WEST issued by WEST pursuant to the Trust Agreement. “Bill of Sale” means, in respect of transfer of an Initial Asset with respect to which no Initial Asset Interest is transferring, a warranty bill of sale transferring title to such Initial Asset in substantially the form of Exhibit B to this Agreement or such other form as is acceptable to ▇▇▇▇▇▇ and WEST. “Business” means, in respect of WEST, the business of owning the Assets and leasing Assets to third-party lessees and, in respect of ▇▇▇▇▇▇, the business of owning, inter alia, the Initial Assets and leasing, inter alia, the Initial Assets to third-party lessees. “Cape Town Convention” means the Convention on International Interests in Mobile Equipment and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, signed in Cape Town, South Africa on November 16, 2001, together with all regulations and procedures issued in connection therewith, and all other rules, amendments, supplements, modifications, and revisions thereto, all as in effect under the laws of the United States of America, as a contracting state. Except to the extent otherwise defined in this Agreement, terms used in this Agreement that are defined in the Cape Town
Beneficial Interest Certificates has the meaning given to such term in the Trust Agreement.