Lease Collateral definition

Lease Collateral has the meaning specified in Section 2.01(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Lease Collateral has the meaning specified in Section 1(b) of this Agreement.

Lease Collateral as defined in subsection 11.12(a).

Examples of Lease Collateral in a sentence

• Upon the occurrence of an Event of Default, Landlord may exercise all rights and remedies under this Lease and the laws of the applicable Situs State that are available to a lessor of real and personal property in the event of a default by its lessee, and as to the Lease Collateral, all remedies granted under the laws of the applicable Situs State to a secured party under its Uniform Commercial Code.

• This Lease constitutes a security agreement covering all such Lease Collateral.

• Additionally, Tenant shall promptly execute such other separate security agreements with respect to the Lease Collateral as Landlord may request from time to time to further evidence the security interest in the Lease Collateral created by this Lease.

• Create or permit to exist any Lien with respect to the Group III Collateral or the Master Lease Collateral now or hereafter existing or acquired, except for Permitted Liens.

• The Master Lease Collateral shall secure the Group III Series of Notes equally and ratably without prejudice, priority (except as otherwise stated in this Supplement) or distinction.

More Definitions of Lease Collateral

Lease Collateral has the meaning specified in Section 2(b) of the Group IV Master Lease.

Lease Collateral means all guaranties and other collateral for any Obligor’s obligations under the Leases.

Lease Collateral means the Tenant Property, which shall include, without limitation, the Account Collateral and the Excluded Collateral but shall exclude the Equity Interests.

Lease Collateral means all security deposits, letters of credit, advance payments and any other property provided by the Lessees of the Engines as security for the payment and performance of the obligations of such Lessees under the Leases of the Engines.

Lease Collateral. That portion of the Trust Estate which is comprised of the Issuer's right, title and interest (whether now owned or hereafter acquired) in, to and under the following: (a) the Lease Receivables; (b) the Related Security; (c) the Documentation; and (d) all income and proceeds of the foregoing (excluding Residual Proceeds but including all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, condemnation awards, rights to payment of any and every kind, investment property and other forms of obligations and receivables which at any time constitute all or part or are included in the proceeds of any of the foregoing).

Lease Collateral shall have the meaning set forth in Section 21.1.1.1.

Lease Collateral means all of the Lessee's right, title and interest in (i) the Aircraft, (ii) all purchase agreements relating to the Aircraft, (iii) all insurance coverages required pursuant to Section 11.2 of the Lease as such coverage is applied the Aircraft, (iv) all warranties, indemnitees and contract rights against vendors and manufacturers, in each case as such apply to the Aircraft and (v) the proceeds of any of the foregoing.