Aircraft Collateral definition

Aircraft Collateral has the meaning specified in Section 1 hereof.

Aircraft Collateral means the Aircraft, Aircraft Parts and Aircraft Log Books.

Aircraft Collateral means those Aircraft, aircraft frames and aircraft equipment, in each case to the extent described in the Aircraft Collateral Schedule, in which a security interest has been or is required to be granted by the Borrower or any other Loan Party to the Administrative Agent for the benefit of the Secured Parties pursuant to an Aircraft Security Agreement (excluding for the avoidance of doubt, Excluded Aircraft).

Examples of Aircraft Collateral in a sentence

• Miscellaneous (a) By the execution of this Agreement Collateral Agent confirms that, provided no Event of Default has occurred and is continuing, neither Collateral Agent nor any Person lawfully claiming by, through or on account of the Collateral Agent will interfere with the quiet use, possession and enjoyment of the Aircraft Collateral by the Debtors or the exercise by Debtors of their respective rights and privileges under and in accordance with the terms and provisions of the Loan Documents.

• No filings with the FAA or any other Aircraft Collateral Covered Jurisdiction with respect to the security interest in any leased Aircraft leased to the Borrower or any Guarantor by third parties will be required to be made and such security interest will not be required to be registered on the International Registry.

• IT IS HEREBY COVENANTED AND AGREED by and between Collateral Agent and each Debtor that the terms, provisions and conditions upon which the Aircraft Collateral is to be held and disposed of are as follows: Article 1.

• No Debtor shall execute or deliver any IDERA, with respect to any, Aircraft Collateral (nor shall any Lessee execute and deliver any IDERA in connection with the lease of any Aircraft Collateral) to any party other than Collateral Agent unless Collateral Agent consents in writing (such consent to be given or withheld at the written direction of the Required Lenders).

• Subsequent to a Release Date in respect of a Pool Aircraft, upon (i) the inclusion of any additional such document or instrument in the Pool Aircraft Collateral in respect of such Pool Aircraft or (ii) the amendment or replacement thereof, the Grantors will deliver, or cause to be delivered, a copy thereof to the Collateral Agent.

More Definitions of Aircraft Collateral

Aircraft Collateral shall have the meaning specified in the granting clause of the Aircraft Security Agreement.

Aircraft Collateral means all Collateral of the type described in clauses (a), (b), (c), (d), (j) and (k) of Section 2.01 of the Mortgage.

Aircraft Collateral means all Aircraft and Engines now or hereafter owned by any Borrower or any Guarantor including any leases and sub-leases pursuant to which any such Aircraft are operated (collectively, the “Aircraft Leases”), and all Spare Parts now or hereafter owned by any Borrower or any Guarantor; provided, however, that Aircraft Collateral shall not include (i) any Aircraft not registered in the United States of America (or other jurisdiction as from time to time agreed to by Agent in its Permitted Discretion after consultation with Borrowing Agent pursuant to Section 4.13) or otherwise not required to be pledged under the terms of this Agreement (including all engines, rotor blades, rotor blade components, auxiliary power units and other equipment, avionics, appurtenances and accessions attached to or installed on such excluded Aircraft), (ii) all engines, rotor blades, rotor blade components, auxiliary power units and other equipment, avionics, appurtenances and accessions attached to or installed on such owned Aircraft, if and to the extent such items are not owned by any Borrower or any Guarantor, (iii) for the avoidance of doubt, any Aircraft subject to a lease agreement between a third-party lessor, as lessor, and any Borrower or any Guarantor, as lessee, (iv) any Aircraft or Engine that do not meet the Minimum Aircraft/Engine Requirements, (v) any Aircraft Leases that does not meet the Minimum Aircraft Lease Requirements, and (vi) any Aircraft, Engine, Spare Part or Aircraft Lease to the extent, and for so long as, in the reasonable judgment of the Agent, the cost or other consequences of providing a security interest therein would be excessive in relation to the benefits to be obtained by the Secured Parties therefrom.

Aircraft Collateral all “Collateral” as defined in the Aircraft Mortgage Agreement.

Aircraft Collateral means all Collateral subject to this Agreement.

Aircraft Collateral means those Engines, Spare Parts, Aircraft, airframes or Appliances, Parts, components, instruments, appurtenances, furnishings, other equipment installed on such Engines, Spare Parts, Aircraft, airframes or any other related assets, without limitation including the assets described on Schedule 1.01(b) as of the Closing Date, in which a security interest has been or is required to be granted by the Borrower or any other Loan Party to the Collateral Agent for the benefit of the Secured Parties pursuant to the Collateral Documents.

Aircraft Collateral means all Aircraft now or hereafter owned by the Borrower or any Guarantor registered in the United States, Canada, Australia, New Zealand, Israel and Trinidad and Tobago (collectively, the “Aircraft Collateral Covered Jurisdictions”) including any leases and sub-leases pursuant to which any such Aircraft are operated (collectively, the “Aircraft Leases”), subject to the limitations set forth in Sections 5.07, 5.14, 5.15, and 6.11; provided, however, that Aircraft Collateral shall not include (i) any Aircraft not required to be pledged under the terms of this Agreement (including all engines, rotor blades, rotor blade components, auxiliary power units and other equipment, avionics, appurtenances and accessions attached to or installed on such excluded Aircraft), including all Aircraft not registered in an Aircraft Collateral Covered Jurisdiction, (ii) all engines, rotor blades, rotor blade components, auxiliary power units and other equipment, avionics, appurtenances and accessions attached to or installed on such owned Aircraft, if and to the extent such items are not owned by the Borrower or any Guarantor, (iii) for the avoidance of doubt, any Aircraft subject to a lease agreement between a third-party lessor, as lessor, and the Borrower or any Guarantor, as lessee and (iv) any Aircraft or Aircraft Lease to the extent, and for so long as, in the reasonable judgment of the Collateral Agent, the cost or other consequences of providing a security interest therein would be excessive in relation to the benefits to be obtained by the Secured Parties therefrom.