Addition of Non-Pool Aircraft to the Designated Pool. The Borrower may add any Aircraft to the Designated Pool at any time upon notice to the Administrative Agent (who shall promptly deliver such notice to the Lenders); provided that:
Addition of Non-Pool Aircraft to the Designated Pool. Any Grantor may add any aircraft to the Designated Pool as an Additional Pool Aircraft at any time; provided that: (i) such aircraft is Owned by such Grantor or by an Eligible Person that becomes a Grantor hereunder at the time such aircraft becomes a Pool Aircraft and has an Eligible Lease thereof in effect; (ii) the relevant Grantor shall have provided three Appraisals of such aircraft from Qualified Appraisers, each as of a date no earlier than 180 days before adding such aircraft to the Designated Pool; (iii) the relevant Grantor shall have executed and delivered to the Security Trustee a Collateral Supplement (or Grantor Supplement if such Person is then becoming an Additional Grantor as provided in Section 2.18(f)) and such documents (including UCC Financing Statements, charge documents (if applicable) and registrations and recordings with the FAA (if applicable) and the International Registry) as are required to grant to the Security Trustee, for the benefit of the Secured Parties, a perfected security interest in such aircraft (it being understood and agreed that, with respect to the Aircraft Collateral, only the Express Perfection Requirements shall be required to be satisfied); (iv) the relevant Grantor shall have delivered a Lessee Notice to the applicable Lessee in accordance with this Agreement and, as promptly as practicable after the commencement of the leasing of such Additional Pool Aircraft and in any event no later than 180 days after such date shall, to the extent required under the Express Perfection Requirements, procure a Lessee Acknowledgement in accordance with this Agreement signed by the applicable Lessee; and (v) no Enforcement Event shall remain in existence after such addition (provided that the foregoing restriction in this clause (v) shall not be applicable to an addition at any time prior to or concurrently with a removal in anticipation of or in connection with the exercise of any rights, options, obligations or remedies of a Lessee or other Person who is not a Grantor or an Affiliate of a Grantor pursuant to the applicable Lease or a Permitted Lien referred to in clause (o) of the definition thereof). The Issuer or any Grantor may, at its option, designate portions of the applicable Appraised Value of such Additional Pool Aircraft (the sum of which portions may not exceed 100% of such Appraised Value) to be used under Section 2.18(b), Section 2.18(h) and/or Section 2.18(i) hereof.
Addition of Non-Pool Aircraft to the Designated Pool. The Issuer or any other Grantor may add any aircraft to the Designated Pool at any time; provided that: (i) such aircraft is owned by Issuer, an Owner Trust or an SPC at the time such aircraft becomes a Pool Aircraft; (ii) the Issuer shall have provided three Appraisals of such aircraft from Qualified Appraisers, each as of a date no earlier than 180 days before adding such aircraft to the Designated Pool; (iii) Issuer shall have executed and delivered to the Trustee and the Security Trustee a Collateral Supplement and such certificates, opinions and documents (including UCC Financing Statements, charge documents and registrations and recordings with the FAA (if applicable) and the International Registry) as are required to grant to the Security Trustee a perfected security interest in, and Lien on, such aircraft (it being understood and agreed that, with respect to each Aircraft Asset, only the Express Perfection Requirements, shall be required to be satisfied); (iv) the Issuer shall have delivered a Lessee Notice to the Lessee in accordance with this Agreement and, as promptly as practicable after the date the aircraft is added to the Designated Pool and in any event no later than 180 days after such date, to the extent required under the Express Perfection Requirements, shall procure a Lessee Acknowledgement in accordance with this Agreement signed by the applicable Lessee; and (v) no Event of Default shall result from or remain in existence after such addition.
