Performing Note Deficiency definition

Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes are Performing Equipment Notes.

Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes (other than any Additional Equipment Notes issued under any Indenture) are Performing Equipment Notes.

Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Series AA Equipment Notes, Series A Equipment Notes and Series B Equipment Notes are Performing Equipment Notes.

Examples of Performing Note Deficiency in a sentence

• Upon repayment to the Liquidity Provider in full of the amount of any Interest Advance made pursuant to this Section 2.02(a), together with accrued interest thereon (as provided herein), the Maximum Commitment shall be reinstated by the amount of such repaid Interest Advance; provided, however, that the Maximum Commitment shall not be so reinstated at any time if (i) a Liquidity Event of Default shall have occurred and be continuing and (ii) there is a Performing Note Deficiency.

• Upon repayment to the Liquidity Provider in full of the amount of any Interest Advance made pursuant to this Section 2.02(a), together with accrued interest thereon (as provided herein), the Available Commitment shall be reinstated by the amount of such repaid Interest Advance; provided, however, that the Available Commitment shall not be so reinstated at any time if (i) a Triggering Event shall have occurred and be continuing and (ii) there is a Performing Note Deficiency.

• Upon repayment to the Liquidity Provider in full of the amount of any Interest Advance made pursuant to this Section 2.02(a), together with accrued interest thereon (as provided herein), the Maximum Commitment shall be reinstated by the amount of such repaid Interest Advance; provided, however, that the Maximum Commitment shall not be so reinstated at any -------- ------- time if (i) a Liquidity Event of Default shall have occurred and be continuing and (ii) there is a Performing Note Deficiency.

• For all purposes of this Agreement, in the absence of actual knowledge on the part of a Responsible Officer, the Subordination Agent shall not be deemed to have knowledge of any Indenture Default, Performing Note Deficiency, Liquidity Event of Default or Triggering Event unless notified in writing by one or more Trustees, one or more Liquidity Providers or the Policy Provider or one or more Certificateholders.

• For all purposes of this Agreement, in the absence of actual knowledge on the part of a Responsible Officer, the Subordination Agent shall not be deemed to have knowledge of any Indenture Default, Performing Note Deficiency, Liquidity Event of Default or Triggering Event unless notified in writing by one or more Trustees, one or more Liquidity Providers or one or more Certificateholders.

More Definitions of Performing Note Deficiency

Performing Note Deficiency. Person", "Pool Balance", "Rating Agency", "Refunding Agreement", "Regular Distribution Date", "Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "Standard & Poor's", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Triggering Event", "Trust", "Trust Agreements", "Trustee", "Underwriters", "Underwriting Agreement", and "Written Notice".

Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Series A Equipment Notes and Series B Equipment Notes are Performing Equipment Notes.

Performing Note Deficiency means any time that one or more Equipment Notes (other than any Additional Equipment Notes issued under the Indenture) are not then Performing Equipment Notes.

Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes (other than any "Series J Equipment Notes" under and as defined in any Indenture) are Performing Equipment Notes.

Performing Note Deficiency means, at any time, that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes (other than any Additional Equipment Notes issued under any Indenture) are Performing Equipment Notes. American Airlines Aircraft EETC

Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Trust Certificates are Performing Equipment Trust Certificates.

Performing Note Deficiency means any time that an Equipment Note (other than any Additional Equipment Notes issued under the Indenture) is not a Performing Equipment Note.