Aircraft Collateral Sample Clauses
Aircraft Collateral. All of Company's right, title and interest in and to:
(i) the airframe (the Aircraft except for the Engines or engines from time to time installed thereon), which is described on Schedule I hereto and any replacement airframe which may be substituted for such airframe in accordance with the provisions of Section 4(f) hereof together with any and all Parts (as hereinafter defined) incorporated or installed in or attached to such airframe and all Parts removed from such airframe until such Parts are replaced in accordance with Section 4(e) hereof (such airframe, together with any replacement airframe and all such Parts, hereinafter referred to as the "Airframe");
(ii) each of the engines, which are listed in Schedule II hereto or which are described in a Supplemental Chattel Mortgage (a "Supplemental Chattel Mortgage") substantially in the form of Exhibit A attached hereto, supplementing this Mortgage, and listed by manufacturer's serial numbers in such Schedule or in such Supplemental Chattel Mortgage, whether or not from time to time thereafter installed on the airframe or on any other airframe or aircraft, including, any engine designated as a spare engine (the "Spare Engine"), and any replacement engine which may be substituted for such engine in accordance with the provisions of Section 4(f) hereof, together, in each case, with any and all Parts incorporated or installed in or attached thereto and any and all Parts removed therefrom, until such Parts are replaced in accordance with Section 4(e) hereof (each such engine, spare engine and replacement engine, together with any and all such Parts, hereinafter referred to as an "Engine" and collectively, the "Engines");
(iii) all appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment of whatever nature (other than complete Engines or engines), which may from time to time be incorporated or installed in or attached to the Airframe or any Engine, including all such appliances, parts, instruments, appurtenances, accessories, furnishings and other equipment purchased by Company for incorporation or installation in or attachment to the Airframe or any Engine pursuant to the terms of any agreement whether or not identified in a Supplemental Chattel Mortgage (collectively referred to herein as "Parts"); and
(iv) all records, logs and other materials required by applicable law or regulation to be maintained and all other records, logs and materials maintained in the ordinary cour...
Aircraft Collateral. (i) Except as provided in Section 6(m)(ii) below, each Grantor who now owns or hereafter acquires any Aircraft shall, at the request of Agent:
(A) execute and deliver to Agent within 10 Business Days after the acquisition of such Aircraft, an Aircraft Security Agreement;
(B) deliver to Agent within 10 Business Days after the acquisition of such Aircraft (I) copies and other evidence reasonably requested by Agent to evidence a FAA Security Recordation of such Aircraft, and (II) evidence satisfactory to Agent indicating the termination and release of all existing Liens (other than any Permitted Liens) on such Aircraft (including applicable filings with the FAA to effect such release);
(C) deliver to Agent on the date hereof and in any event within 10 Business Days after the acquisition of such Aircraft, a title opinion with respect to such Aircraft issued by a Person satisfactory to Agent which (I) indicates that such Aircraft is owned by such Grantor free and clear of all material defects (except for reparable damage that will be repaired in the ordinary course of such Grantor's business) and encumbrances (other than Permitted Liens), and that, for such Aircraft, an FAA Registration and FAA Security Recordation has been effected with the FAA, and (II) is otherwise in form and substance reasonably satisfactory to Agent; and
(D) execute and deliver to Agent on the date hereof and in any event within 10 Business Days after the acquisition of such Aircraft, such other agreements, instruments, approvals, legal opinions or other documents reasonably requested by Agent.
(ii) In the event that a Grantor purchases or acquires Aircraft with proceeds of Permitted Purchase Money Indebtedness and such Aircraft is subject to a Lien in favor of the provider of such Permitted Purchase Money Indebtedness, such Grantor shall not be required to satisfy any of the requirements set forth in Section 6(m)(i) with respect to such Aircraft to the extent that (A) the contract for such Permitted Purchase Money Indebtedness expressly prohibits the valid grant of a security interest or Lien (other than the security interest or Lien securing such Permitted Purchase Money Indebtedness) on such Aircraft (and any accessions, fixtures, and attachments thereto) and (B) such prohibition has not been waived or the consent of the provider of such Permitted Purchase Money Indebtedness has not been obtained; provided, that the foregoing exclusion (1) shall not apply when such prohibition is no lo...
Aircraft Collateral. (i) From and after the Third Amendment Effective Date, the Grantors shall not request the issuance by the FAA of an FAA registration number for any airframe or aircraft not registered with the FAA as of the Third Amendment Effective Date unless (A) such aircraft is airworthy and (B) such Grantor applies for a certificate of airworthiness from the FAA concurrently with such registration (any aircraft subject to any such registration, a “Newly Registered Aircraft”).
(ii) Each Grantor agrees that it shall cooperate with the Agent to perfect all security interests in favor of the Agent, for the benefit of the Secured Parties, in any Newly Registered Aircraft by filing an Aircraft Security Agreement with the FAA and registering an International Interest with the International Registry as soon as practicable upon, and in any event within two (2) Business Days (or such later date as Agent shall agree in its sole discretion) of, issuance by the FAA of an FAA registration number for such aircraft.”
Aircraft Collateral. All aircraft included in the Collateral are Stage III Aircraft.
Aircraft Collateral. Notwithstanding anything in this Agreement to the contrary, if any airframe or aircraft engine subject to the Lien created under this Agreement becomes subject to an aircraft mortgage in favor of the Collateral Agent in form and substance reasonably satisfactory to the Collateral Agent, then such airframe and/or engine shall no longer be subject to this Agreement other than Article 2 and the Collateral Agent’s rights and remedies and the applicable Grantor’s obligations with respect thereto shall be governed by such aircraft mortgage.
Aircraft Collateral. Section 4.1(d) of the Existing Pledge and Security Agreement is hereby deleted in its entirety and the following is hereby substituted therefor:
Aircraft Collateral. Each Grantor agrees that (i) it shall cooperate with the Agent to perfect all security interests in Collateral (A) constituting Transportation Fleet Aircraft by filing an Aircraft Security Agreement with the FAA not more than sixty (60) days (or such longer period as may be agreed by the Agent in its sole discretion) following the Closing Date for the Transportation Fleet as of the Closing Date, and by supplement thereto within sixty (60) days after aircraft are added to or removed from the Transportation Fleet; (B) constituting Demonstration Fleet Aircraft by filing an Aircraft Security Agreement with the FAA not more than one hundred eighty (180) days (or such longer period as may be agreed by the Agent in its sole discretion) after the Closing Date for Demonstration Fleet Aircraft as of the Closing Date, and by supplement thereto within one hundred eighty (180) days after aircraft are added to or removed from the Demonstration Fleet; and (C) that constitutes a newly-manufactured aircraft by filing an Aircraft Security Agreement with the FAA not more than one hundred eighty (180) days (or such longer period as may be agreed by the Agent in its sole discretion) from receipt of U.S. Federal Aviation certificate of airworthiness in respect of such newly-manufactured aircraft and (ii) it shall provide the Agent, at the time at which financial statements in respect of each most recently completed fiscal quarter are required to be delivered to the Agent under the Credit Agreement, a report identifying all Collateral that is then subject to the perfection requirements set forth in this clause (d).