Pledged Aircraft definition

Pledged Aircraft means, as of any date, the Eligible Aircraft included in the Collateral as of such date.
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Pledged Aircraft means, as of any date, the Aircraft included in the DIP Collateralas of such date.
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Pledged Aircraft means, collectively, the Pledged Aircraft and Aircraft-Related Collateral as each such term is defined in the applicable Aircraft Security Agreement (as amended, supplemented, restated or otherwise modified from time to time).
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Examples of Pledged Aircraft in a sentence

  • Compensation................................................................................9 Section 10.

  • Immediately upon the occurrence of an Event of Loss with respect to any Pledged Aircraft, the Current Market Value of the Aircraft Collateral shall immediately be reduced by the Current Market Value of the Pledged Aircraft that was subject to such Event of Loss.

  • The Borrower will not, and will not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Lien to secure Indebtedness on the engines or rotors installed on any Pledged Aircraft other than in favor of the Administrative Agent.

  • Except as otherwise provided in Section 6.15(h), the Current Market Value of a Pledged Aircraft as set forth in the Qualified Appraisal associated with a Collateral Review Date or a substitution of Pledged Aircraft shall remain in effect until the Qualified Appraisal associated with the earlier of the next Collateral Review Date or the next request for a substitution of Pledged Aircraft.

  • In each case, upon receipt of Net Proceeds from any such Casualty (with respect to Pledged Aircraft), sale or disposition, the Borrower shall deposit or shall cause to be deposited such Net Proceeds into an account with one of the Lenders subject to a control agreement on terms and condition reasonably acceptable to the Administrative Agent.

  • On or before the last Business Day of each June and December (each a "Collateral Review Date") beginning on June 30, 2005, Borrower shall provide to the Administrative Agent (which shall provide to each Lender) a Qualified Appraisal showing the Current Market Value of each Pledged Aircraft as of a Valuation Date that is no earlier than 30 days prior to the applicable Collateral Review Date.

  • The Debtors wish to retain the Pledged Aircraft and assume the Leases (other than the rejected MSN 761065 Lease) (the “ Assumed Leases”) on modified terms that were negotiatedbetween the Debtors and the Macquarie Parties.

  • On or before the last Business Day of each July and January (each a “Collateral Review Date”), Borrower shall provide to the Administrative Agent (which shall provide to each Lender) a Qualified Appraisal showing the Current Market Value of each Pledged Aircraft as of a Valuation Date that is no earlier than 30 days prior to the applicable Collateral Review Date.

  • Each of the Pledged Aircraft is a U.S. registered Stage 3 Aircraft, and Borrower is a citizen of the United States for purposes of the U.S. Federal Aviation Act.

  • Without limiting any of the foregoing, it is understood and agreed that, upon enforcement of the terms of any local law mortgage, if necessary, the Administrative Agent may exercise any right of sale of the Pledged Aircraft available to it, even though it shall not have taken possession of the Pledged Aircraft and shall not have possession thereof at the time of such sale, to the extent permitted under applicable law.


More Definitions of Pledged Aircraft

Pledged Aircraft means each Aircraft in which the Security Agreement creates, or purports to create, a security interest.
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Pledged Aircraft means those aircraft frames and aircraft equipment in which a security interest has been granted by the Borrower or any Loan Party to the Administrative Agent for the benefit of the Secured Parties pursuant to an Aircraft Security Agreement.
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Pledged Aircraft has the meaning given to the term “Aircraft” in the C Mortgage; provided that, in order for such “Aircraft” to be a “Pledged Aircraft”, it must be of a Qualified Aircraft Type.
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Pledged Aircraft means, collectively, the Pledged Aircraft and Aircraft-Related Collateral as each such term is defined in the applicable Aircraft Security Agreement (as amended, supplemented, restated or otherwise modified from time to time).”
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Pledged Aircraft. (i) as of the Issue Date and at any time prior to the Applicable Post-Closing Aircraft Liens Perfection Date, means those airframes and associated engines described as the initial Pledged Aircraft in the Offering Memorandum, subject only to Aircraft Substitutions, and (ii) at any date of determination thereafter shall have the meaning(s) given to such term(s) in the aircraft security agreements or supplements thereto that constitute Security Documents as of such date.
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Pledged Aircraft means, as of any date, the Section 1110 Eligible Aircraft included in the Collateral as of such date.
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Related to Pledged Aircraft

  • Pledged Assets With respect to any Mortgage Loan, all money, securities, security entitlements, accounts, general intangibles, payment intangibles, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description pledged by Combined Collateral LLC as security in respect of any Realized Losses in connection with such Mortgage Loan up to the Pledged Amount for such Mortgage Loan, and any related collateral, or such other collateral as may be set forth in the Series Supplement.

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

  • Pledged Amount With respect to any Pledged Asset Loan, the amount of money remitted to Combined Collateral LLC, at the direction of or for the benefit of the related Mortgagor.

  • Pledged Asset Loan Any Mortgage Loan supported by Pledged Assets or such other collateral, other than the related Mortgaged Property, set forth in the Series Supplement.

  • Unmanned aircraft means any aircraft operating or designed to operate autonomously or to be piloted remotely without a pilot on board;

  • 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.’’.

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

  • Pledged Account has the meaning set forth in the Deposit and Security Agreement.

  • 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;

  • 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;

  • Pledged Accounts means all of each Grantor’s right, title and interest in all of its Deposit Accounts, Commodity Accounts and Securities Accounts (in all cases, including, without limitation, all Controlled Accounts and Foreign Currency Control Accounts).

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

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Substitute Aircraft Has the meaning specified in the NPA.

  • 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;

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

  • Pledged Notes all promissory notes listed on Schedule 2, all Intercompany Notes at any time issued to any Grantor and all other promissory notes issued to or held by any Grantor (other than promissory notes issued in connection with extensions of trade credit by any Grantor in the ordinary course of business).

  • Airframe means the fuselage, booms, nacelles, cowlings, fairings, airfoil surfaces including rotors (but excluding propellers and rotating airfoils of a powerplant) and landing gear of an aircraft and their accessories and controls;

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

  • Pledged Items means, as of any date, any and all securities and instruments delivered by the Pledgor to be held by the Collateral Agent under this Collateral Agreement as Collateral, whether Eligible Collateral or Ineligible Collateral.

  • 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:

  • Pledged Interests shall have the meaning ascribed to such term in Section 4(j).

  • Pledged Equity has the meaning specified in the Security Agreement.

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Trust Interests.

  • Pledged Funds means all of the Series Pledged Funds.

  • 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: