Engine Mortgage definition

Engine Mortgage means, as the context may require a Chilean Engine Pledge, Colombian Engine Pledge, Peruvian Engine Pledge or Brazilian Engine Mortgage.

Engine Mortgage means each Engine Mortgage and Security Agreement entered into and delivered, at any time, by any Borrower or a trustee or guarantor for the benefit of any Borrower in respect of any Whole Engine.

Engine Mortgage means each mortgage executed and delivered by the Issuer or an Issuer Subsidiary substantially in the form attached to the Security Trust Agreement, pursuant to which the Issuer or such Issuer Subsidiary shall grant a security interest to the Security Trustee in each Engine owned by it and related assets and in all Leases of such Engine.

Examples of Engine Mortgage in a sentence

• Once the Mortgage document is received by BCAA an entry will be made on the appropriate Aircraft or Engine Mortgage Register.

• Each of the Debtors have pledged substantially all of their assets to the Prepetition Secured Parties, including assets pledged to U.S. Bank, N.A., as security trustee (the “Prepetition Security Trustee”) for the benefit of the Prepetition Secured Parties, pursuant to the terms of that certain Aircraft and Engine Mortgage and Aircraft Lease Agreement dated as of August 4, 2015 (all such collateral, the “Prepetition Collateral”).

• For the avoidance of doubt, nothing contained in the foregoing shall prohibit (and the Release Threshold shall not be reduced by) any substitution of engines or other parts on an aircraft if such substitution is permitted or required under the Aircraft and Spare Engine Mortgage.

• The Collateral subject to each Aircraft and Engine Mortgage and the Spare Parts Security Agreement is free and clear of all Liens other than Permitted Liens.

More Definitions of Engine Mortgage

Engine Mortgage means each mortgage executed and delivered by WEST or a WEST Subsidiary substantially in the form attached to the Security Trust Agreement, pursuant to which WEST or such WEST Subsidiary shall grant a security interest to the Security Trustee in each Engine owned by it and related assets and in all Leases of such Engine.

Engine Mortgage means the Engine Mortgage and Security Agreement pursuant to which the Borrower grants a Lien in all of its Engines to the Agent for the benefit of the Lenders.

Engine Mortgage. [662962]: that certain Aircraft Engine Mortgage dated August 28, 1990 between the Borrower and the Lender, as amended by the First Amendment to Aircraft Engine Mortgage dated as of July 31, 1991 between the Borrower and the Lender and as further amended by the Second Amendment to Aircraft Engine Mortgage dated January 30, 1996 by the Borrower for the benefit of the Lender.

Engine Mortgage means, collectively, each Engine Mortgage and Security Agreement pursuant to which each Borrower grants a Security Interest in all of its Engine Inventory to the Agent for the benefit of the Secured Parties.

Engine Mortgage means the Engine Mortgage and Security Agreement in substantially the form of Exhibit A to this Agreement entered into by the Borrower and the Administrative Agent to secure the Loans, as supplemented by Mortgage Supplement No. 1 thereto pursuant to which all of the Engines and Engine Containers described on Schedule 2 to this Agreement are subjected to the Lien thereof.

Engine Mortgage has the meaning given such term in the Loan Agreement.

Engine Mortgage means a Mortgage and Security Agreement substantially in the form of Exhibit D-1 attached hereto.