Examples of Designated Aircraft in a sentence
Notwithstanding any other provision in this Agreement, if any Change in Law or Illegality Event shall make it unlawful for any Loan Participant to maintain its Commitment or its portion of the Loans in respect of the Designated Aircraft, then the affected Loan Participant shall deliver to the Borrower and the Security Trustee a written certification describing in reasonable detail the events giving rise to such unlawfulness.
FDEP also learned that the facility has an on-site water supply well, which is used for drinking and other household purposes.
On the Delivery Date it shall be true that no Event of Loss (or event which with the passage of time would become an Event of Loss) with respect to the Designated Aircraft (or constituent Airframe) or any associated Engine has occurred.
The aggregate original principal amount of the Loans for the Designated Aircraft shall not exceed the Original Amount (which amount, for the avoidance of any doubt, shall not be subject to any appraisal or other test or condition precedent).
On the Delivery Date for a Designated Aircraft, the Owner will have good title to such Aircraft free and clear of all Liens, except the Lien of the Mortgage and the Lease.