WEST II definition

WEST II means Willis Engine Securitization Trust II, a Delaware statutory trust which is a Wholly-Owned Subsidiary of Borrower.
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WEST II means Xxxxxx Engine Securitization Trust II, a Delaware statutory trust which is a Wholly-Owned Subsidiary of Borrower.
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Examples of WEST II in a sentence

  • Under WEST II, cash is collected in a restricted account, which is used to service the debt and any remaining amounts, after debt service and defined expenses, are distributed to the Company.

  • Xxxx Title: Executive Vice President and Chief Financial Officer FP GATEWAY WEST II, LLC By: First Potomac Realty Investment Limited Partnership Its Sole Member By: First Potomac Realty Trust Its General Partner By: /s/ Xxxxx X.

  • The Notes have no fixed amortization and are payable solely from revenue received by WEST II from the engines and the engine leases, after payment of certain expenses of WEST II.

  • In connection with the transactions described above, effective September 17, 2012, the Company entered into a Servicing Agreement and Administrative Agency Agreement with WEST II to provide certain engine, lease management and reporting functions for WEST II in return for fees based on a percentage of collected lease revenues and asset sales.

  • Because WEST II is consolidated for financial statement reporting purposes, all fees eliminate upon consolidation.

  • WEST II issued and sold $390 million aggregate principal amount of Class 2012-A Term Notes (the “Notes”) and received $384.9 million in net proceeds.

  • WEST II is a variable interest entity (“VIE”) which the Company owns 100% of the interest and consolidates in its financial statements.

  • The assets of WEST II are not available to satisfy our obligations or any of our affiliates other than the obligations specific to WEST II.

  • In March 2020, the Company and its direct, consolidated VIE Willis Engine Structured Trust V (“WEST V”) (formerly WEST II), closed its offering of $366.2 million aggregate principal amount of fixed rate notes (the “WEST V Notes”).

  • WEST Engine Acquisition LLC and Facility Engine Acquisition LLC are wholly-owned subsidiaries of WEST II and own the engines which secure the notes issued by WEST II.

Related to WEST II

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