EETC Facility definition

EETC Facility means that certain multiple tranche enhanced equipment pass through trust certificate financing commonly referred to as the "1997-1 EETC Transaction," the purpose of which was to finance 14 aircraft in the Borrower's fleet, which the Borrower entered into in December, 1997, pursuant to which certain tranches of indebtedness were outstanding, which indebtedness was secured by the Tranche C Priority Collateral.
Sample 1

Examples of EETC Facility in a sentence

  • The Tranche C Lenders agree, upon the terms and subject to the conditions herein set forth, to make available to the Borrower, no later than September 30, 2005, an aggregate principal amount of $320,000,000 (which amount shall be increased to $350,000,000 in the event that the Borrower obtains title to all fourteen (14) aircraft currently securing the EETC Facility prior to the making of the Tranche C Loan) in term loans (collectively, the "Tranche C Loan").

  • It being understood that all amounts expended in connection with the purchase of the A, B and C tranches of indebtedness outstanding under the EETC Facility and the refinancing of such purchase shall not be included in the calculation of Retained Acquisition Amount, Financing Shortfall or Forfeited Acquisition Deposits in the immediately preceding sentence.

  • B Loan will be used for working capital and other general corporate purposes of the Borrower and the Guarantors and for the other purposes described in Section [3.10.]3.10 and (ii) the Tranche C Loan will be used to refinance a portion (relating to up to fourteen (14), but no fewer than ten (10), aircraft owned by the Borrower) of the amounts paid by the Borrower to acquire all of the A, B and C tranches of the outstanding indebtedness under the EETC Facility.

  • The Borrower shall have obtained unencumbered title to the airframes and engines that currently secure the 1997 EETC Facility.

  • The Tranche C Priority Collateral shall be free and clear of all Liens and encumbrances, including, without limitation, any Liens on such collateral which may have been granted in connection with the EETC Facility.

  • Make Capital Expenditures (other than Capital Expenditures in connection with any Permitted 1110 Acquisition (including those relating to the Existing 0000 Xxxxxxxxxx Documents)[ or], any Permitted Aircraft Acquisition or the purchase of the A, B and C tranches of indebtedness under the EETC Facility) during the period commencing on January 1, 2005 and ending on December 31, 2005 in an aggregate amount in excess of $375,000,000.

Related to EETC Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Public facility means 1 or more of the following:

  • Electric Facility means a Generator or an electric transmission facility.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Bank Facility means any credit agreement, including the Existing Credit Agreement, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Borrower as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Public facilities means amenities that are—

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.