Spare Parts Security Agreement definition

Spare Parts Security Agreement means the Spare Parts Security Agreement, dated as of the Issuance Date, between the Company and the Security Agent, as the same may be amended, supplemented, or otherwise modified from time to time in accordance with its terms.
Spare Parts Security Agreement means the Mortgage and Security Agreement (Spare Parts), in substantially the form of Exhibit E, entered into by the Borrower and the Administrative Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.
Spare Parts Security Agreement means any security agreement related to Spare Parts substantially in the form of Exhibit D hereto.

Examples of Spare Parts Security Agreement in a sentence

Each Loan Party hereby further does grant to Agent, for the benefit of each member of the Lender Group and the Bank Product Providers, a perfected security interest in the Collateral (as defined in the Guaranty and Security Agreement), the Collateral (as defined in the Aircraft and Engine Security Agreement), and the Collateral (as defined in the Spare Parts Security Agreement) in order to secure all of its present and future obligations under the Loan Documents.

No Person holds any right or interest in any of the Pledged Spare Parts under the Spare Parts Security Agreement by virtue of any interest that such person may have in real property or improvements at any of the Designated Locations (as defined therein).

Defined terms in this paragraph not otherwise defined herein shall have the respective meanings specified in the Spare Parts Security Agreement.

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.

In the event of any actual, irreconcilable conflict that cannot be resolved between the Spare Parts provisions of this Agreement and any Spare Parts Security Agreement, the provisions of such Spare Parts Security Agreement shall control and govern.


More Definitions of Spare Parts Security Agreement

Spare Parts Security Agreement means the Security Agreement (Spare Parts), dated as of the Closing Date by and among the Borrower, as grantor, the other grantors thereto from time to time and the Collateral Agent, or any subsequent security agreement executed and delivered to the Administrative Agent substantially in the form of Exhibit A hereto.
Spare Parts Security Agreement means Spare Parts Security Agreement, dated as of the date hereof, between Allegiant Air and the Administrative Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.
Spare Parts Security Agreement means the Spare Parts Security Agreement substantially in the form of Exhibit E hereto, as such Spare Parts Security Agreement may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof.
Spare Parts Security Agreement means any security agreement related to Spare Parts substantially in the form of Exhibit M hereto, as amended, restated, amended and restated, supplemented or otherwise modified, renewed or replaced from time to time.
Spare Parts Security Agreement means the Mortgage and Security Agreement (Spare Parts), dated as of December 23, 2013, entered into by the Borrower and the Administrative Agent, as ratified on the date hereof and as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.
Spare Parts Security Agreement has the meaning specified in Section 4.01(a)(ix).
Spare Parts Security Agreement means that certain Spare Parts Security Agreement, dated the date hereof, between Owner and Mortgagee.