ECAF I definition
Examples of ECAF I in a sentence
No Purchaser of an Asset or Aircraft shall assign, transfer or otherwise convey this Agreement or all or any part of its rights, benefits or obligations hereunder to any Person without the prior written consent of the Seller of such Asset or Aircraft other than in favor of the Security Trustee under the Security Trust Agreement (or replacement trustees or agreements thereof) or any senior secured lender to, or security agent to, ECAF I or any ECAF I Entity, to which the Seller hereby consents.
In the event that the direct or indirect assets of ECAF I and its Subsidiaries (excluding the issued share capital of ECAF I and the corporate transaction fee received by ECAF I) are insufficient, after payment of all other claims, if any, ranking in priority to the claims of any Seller hereunder pursuant to the Indenture, to pay in full such claims of such Seller, then such Seller shall have no further claim against ECAF I and its Subsidiaries in respect of any such unpaid amounts.
Exhibit A-1 Form of Initial Sale Agreement Supplement - Schedule 1 Aircraft Information Exhibit A-2 Form of Final Sale Agreement Supplement Exhibit B Form of ▇▇▇▇ of Sale - Schedule 1 Documents and Conditions – Post-Delivery Exhibit C Conditions Precedent – Aircraft Delivery Exhibit D ECAF I Entities THIS SALE AGREEMENT (this “Agreement”) is dated as of June 19, 2015 among: (i) THE SELLERS PARTY HERETO; and (ii) ECAF I LTD., an exempted company incorporated under the laws of the Cayman Islands (“ECAF I”).
The indemnification obligation of ECAF I and each Purchaser set forth in this Section 10.1 and Section 11 shall at no time exceed sum of the Net Aircraft Purchase Prices for the Aircraft purchased by the Purchasers pursuant to this Agreement.