Examples of Engine Mortgage in a sentence
The Collateral Agent is entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the Specified Engines as provided in the Engine Mortgage and Security Agreement and to not less than the Minimum 1110 Percentage (determined on the basis of Appraisal Value as of the Closing Date) of the Rotables included within the Pledged Spare Parts as provided in the Spare Parts Security Agreement in the event of a case under Chapter 11 of the Bankruptcy Code in which a Borrower is a debtor.
The Borrower shall have duly executed and delivered to the Administrative Agent the Aircraft and Spare Engine Mortgage.
Once the Mortgage document is received by BCAA an entry will be made on the appropriate Aircraft or Engine Mortgage Register.
Permit any Inventory or any part thereof to be operated in or to any area excluded from coverage by any insurance required by the provisions of SECTION 8.8 or the insurance provisions of the Airframe and Engine Mortgage, or permit any Inventory or any part thereof to be operated in or to any Prohibited Country.
WEST shall cause each WEST Subsidiary that owns an Engine to execute and deliver an Engine Mortgage in favor of the Security Trustee and to file such Engine Mortgage with the FAA, provided that, upon the Captetown Convention becoming effective, WEST shall cause each WEST Subsidiary to take such further actions as shall be required to file such Engine Mortgage with the registry established pursuant to the Capetown Convention.