Definition of Postpetition Aircraft Purchase and Lease Obligations


Postpetition Aircraft Purchase and Lease Obligations means those certain obligations arising pursuant to (a) postpetition agreements regarding Aircraft Equipment to be purchased by a Debtor and (b) postpetition agreements to restructure prepetition agreements relating to the purchase or lease of Aircraft Equipment by a Debtor; provided, however, that obligations under such postpetition agreements shall only be Postpetition Aircraft Purchase and Lease Obligations to the extent such agreements expressly state that obligations are to be obligations of the Reorganized Debtor; and provided further that each such postpetition agreement shall have been approved by a Final Order of the Bankruptcy Court prior to the Effective Date.
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Examples of Postpetition Aircraft Purchase and Lease Obligations in a sentence

The Postpetition Aircraft Purchase and Lease Obligations will become obligations of the Reorganized Debtors or their successors, if applicable, on the Effective Date.
The Final Orders approving Postpetition Aircraft Purchase and Lease Obligations are set forth in Schedule 2.2.
The Postpetition Aircraft Purchase and Lease Obligations will be assumed by and will become obligations of the Reorganized Debtors or their successors, if applicable, on the Effective Date.