Specified Engines definition

Specified Engines means the Pledged Engines listed on Schedule 1.1(b), each of which is eligible for the benefits of Section 1110 of the Bankruptcy Code.
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Specified Engines means (a) the aircraft engines owned by the Grantors, directly or indirectly, as of the Third Amendment Effective Date as set forth in Exhibit A of the Third Amendment Officer’s Certificate (as updated pursuant to Section 5.5(f)) and (b) any other aircraft engine Designated as Senior Tranche Collateral pursuant to Section 5.5(b) below. An aircraft engine owned by any Grantor shall cease to constitute a Specified Engine upon (i) Disposition thereof by such Grantor to a Person other than an Affiliate of Grantors in connection with a bona fide sale or (ii) the issuance by the FAA of an FAA registration number for the airframe for which such aircraft engine has been designated for installation by any Grantor.
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Specified Engines means the eight Engines bearing manufacturer's serial numbers V10120, V10335, V10516, V10549, V10676, V10642, V10817 and V10783.
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Examples of Specified Engines in a sentence

  • 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.

  • The Security Trustee is entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the Specified Engines as provided in the Mortgage in the event of a case under Chapter 11 of the Bankruptcy Code in which Borrower is a debtor.

  • It is the intention of the parties hereto that the security interest created hereby entitles the Security Trustee on behalf of the Beneficiaries to all of the benefits of Section 1110 of Chapter 11 of the Bankruptcy Code in respect of the Specified Engines in the event the Company becomes a debtor under such Chapter.

  • It is the intention of the parties hereto that the security interest created hereby entitles the Security Trustee on behalf of the Lenders to all of the benefits of Section 1110 of Chapter 11 of the Bankruptcy Code in respect of the Specified Engines in the event the Company becomes a debtor under such Chapter.

  • No funds shall be deposited to the Specified Collection Account other than proceeds of sales of Specified Aircraft and Specified Engines.

  • As of the Closing Date, the Aircraft with Registration Number N753P (S/N 760726) has an adjusted current market value (representing “adjusted half-life” values) (as reflected in the Ascend Report) which equals or exceeds the fair market value of the Specified Engines.

  • The Security Trustee is entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the Specified Engines as provided in the Subordinated Engine Mortgage in the event of a case under Chapter 11 of the Bankruptcy Code in which Obligor is a debtor.


More Definitions of Specified Engines

Specified Engines means the eight (8) engines subject to the lien of the Subordinated Engine Mortgage bearing manufacturer's serial numbers V10120, V10335, V10516, V10549, V10676, V10642, V10817 and V10783.
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Specified Engines means, collectively, one Arriel 2E Engine with serial number 60041 and two Xxxxx & Whitney Canada PT6C-67C Engines with serial numbers KB0843 and KB0657.
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Related to Specified Engines

  • Specified Entity has the meaning specified in the Schedule.

  • Qualified Engineer means a Professional Engineer other than an "Experienced Engineer" as hereinafter defined; that is, it shall mean a person who is, or is qualified to become, a graduate member of the Institution of Engineers, Australia.

  • Specified Equipment means the railway vehicles which the Train Operator is entitled to use in the provision of Services on the Network, as specified in paragraph 4 of Schedule 5;

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Senior Specified Enhancement Percentage As of any date of determination, 38.00%.

  • Qualified entity means an Entity (which itself meets the requirements set forth in clauses (a), (b) and (c) of Section 1.6 above (substituting Entity for references to Qualified Trust in such clause (c)) in which one or more Qualified Trusts described in Section 1.6 hold one-hundred percent (100%) in Fair Market Value of all equity interests in the Entity and hold one-hundred percent (100%) of all voting power in regard to the management and operation of the Entity. An Entity shall cease to be a Qualified Entity and shall be deemed, to the extent it holds Partnership Interests, to become a Former Partner, immediately prior to any event or lapse of time which causes such Entity to no longer be a Qualified Entity as defined in this Section 1.18. The definition of Qualified Entity is intended to describe Entities such as Xxxxxx Management, Inc., a Delaware corporation, or similar type Entities.

  • Credit Support Provider has the meaning specified in the Schedule.

  • Support Provider means in relation to Party A, none. Credit Support Provider means in relation to Party B, none.

  • Specified Equity Contribution means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Event Upon Merger has the meaning specified in Section 5(b).

  • Specified Matter means any Amendment of a Portfolio Investment that (a) reduces the principal amount of such Portfolio Investment, (b) reduces the rate of interest payable on such Portfolio Investment, (c) postpones the due date of any scheduled payment or distribution in respect of such Portfolio Investment, (d) alters the pro rata allocation or sharing of payments or distributions required by any related underlying instrument in a manner adverse to the Company, (e) releases any material guarantor of such Portfolio Investment from its obligations, (f) terminates or releases any lien on a material portion on the collateral securing such Portfolio Investment, (g) changes any of the provisions of any such underlying instrument specifying the number or percentage of lenders required to effect any of the foregoing or (h) materially changes any financial maintenance covenant.

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 % Class B-2 % Class B-3 % Class B-4 % Class B-5 % Class B-6 %

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Tax Event Upon Merger has the meaning specified in Section 5(b).

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Hedging Disruption Event means any event which, in the Issuer’s reasonable opinion, would make it illegal or commercially unfeasible for the Issuer to continue to hedge its obligations in relation to the Bond.