Owned Aircraft Notes definition

Owned Aircraft Notes means the equipment notes issued with recourse by American pursuant to the Indentures relating to Owned Aircraft.
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Owned Aircraft Notes or "Equipment Notes") being issued with recourse to the Company [in connection with the [financing] [refinancing] of the [debt] [equity] portion of the purchase price paid by the Company in respect of ___separate Aircraft][for the Company's general corporate purposes, using Owned Aircraft as collateral]. Each Trust will include Equipment Notes with identical interest rates, in each case equal to the rate applicable to the [Series __ or Series __] Designated Certificates, as the case may be, and will have maturity dates on or before the final distribution date for the [Series __ or Series __] Designated Certificates, as the case may be. For each such Trust, the aggregate principal amount of the Equipment Notes held in such Trust will equal the aggregate amount of the related series of Designated Certificates.
Sample 1
Owned Aircraft Notes or "Equipment Notes") being issued with recourse to the Company in connection with the financing refinancing of the debt equity portion of the purchase price paid by the Company in respect of ___ separate Aircraft for the Company's general corporate purposes, using Owned Aircraft as collateral. Each Trust will include Equipment Notes with identical interest rates, in each case equal to the rate applicable to the Series ___ or Series ___ Designated Certificates, as the case may be, and will have maturity dates on or before the final distribution date for the Series ___ or Series ___ Designated Certificates, as the case may be. For each such Trust, the aggregate principal amount of the Equipment Notes held in such Trust will equal the aggregate amount of the related series of Designated Certificates.
Sample 1

Examples of Owned Aircraft Notes in a sentence

  • In the case of either Leased Aircraft Notes or Owned Aircraft Notes, such financing or refinancing is referred to herein as a "Financing" or "Refinancing", respectively.

  • Each series of Owned Aircraft Notes will be issued under a Trust Indenture and Security Agreement between Wilmington Trust Company, as indenture trustee, or another indenture trustee identified in a Pricing Agreement, as Loan Trustee, and the Company (the "Owned Aircraft Indenture" and together with the Leased Aircraft Indenture, the "Indentures").

  • Each series of Owned Aircraft Notes will be issued under a Trust Indenture and Mortgage between Wilmington Trust Company, as indenture trustee, or another indenture trustee identified in a Pricing Agreement, as Loan Trustee, and the Company (the "Owned Aircraft Indenture" and together with the Leased Aircraft Indenture, the "Indentures").

Related to Owned Aircraft Notes

  • Owned Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • aircraft engines means aircraft engines (other than those used in military, customs or police services) powered by jet propulsion or turbine or piston technology and:

  • Unmanned aircraft means an aircraft that is not:

  • Unmanned aircraft system means an unmanned aircraft and associated elements (including communication links and the components that control the unmanned air- craft) that are required for the operator to operate safely and efficiently in the national airspace system.’’.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • New Aircraft Has the meaning specified in the Note Purchase Agreement.

  • Aircraft Documents means all flight records, maintenance records, historical records, modification records, overhaul records, manuals, logbooks, authorizations, drawings and data relating to the Airframe, any Engine, or any Part, or that are required by Applicable Law to be created or maintained with respect to the maintenance and/or operation of the Aircraft.

  • Leased Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Additional Series Equipment Notes means Equipment Notes issued under the Indenture and designated as a Series (other than “Series AA” or “Series A”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Equipment Notes means and includes any equipment notes issued under any Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of such Indenture) and any Equipment Note issued under any Indenture in exchange for or replacement of any other Equipment Note.

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • large aircraft means an aircraft, classified as an aeroplane with a maximum take-off mass of more than 5 700 kg, or a multi-engined helicopter;

  • Existing Notes means, collectively, the Existing Senior Guaranteed Notes and the Existing Senior Notes.

  • Aircraft Purchase Agreement Has the meaning specified in the NPA.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Series B Equipment Notes means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.

  • Seller Notes means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred or contingent obligation.

  • Eligible Aircraft has the meaning set forth in the second recital to the Note Purchase Agreement.

  • airframes means airframes (other than those used in military, customs or police services) that, when appropriate aircraft engines are installed thereon, are type certified by the competent aviation authority to transport:

  • Equipment Leases shall have the meaning set forth in Section 2.1(b) hereof.

  • Public aircraft means an aircraft used exclusively in the service of any government or of any political subdivision thereof, including the government of any state, territory, or possession of the United States, or the District of Columbia, but not including any government-owned aircraft engaged in carrying persons or property for commercial purposes.

  • Existing Secured Notes means the previously issued debt securities of the Issuers outstanding on the date hereof.

  • Existing Notes Indentures means, collectively, the Existing Senior Notes Indentures and the Existing Senior Guaranteed Notes Indentures.

  • Lost Notes The original Mortgage Notes that have been lost, as indicated on the Mortgage Loan Schedule.

  • Fixed wing turbine powered aircraft means an aircraft that:

  • State aircraft means an aircraft, other than a commercial aircraft, owned and operated by the government of any country or the government of a colony, dependency, province, state, territory or municipality of a country;