Aircraft Collateral Information Sample Clauses
Aircraft Collateral Information. (a) For each Aircraft or Engine included as Aircraft Collateral in respect of which a certificate of airworthiness is not delivered to the Agent on the Closing Date, such Aircraft or Engine possesses all required equipment and would be capable of receiving a certificate of airworthiness on such date.
(b) Each Aircraft Collateral Owner listed in the Aircraft Collateral Certificate has full title of each Airframe, Engine and Spare Engine as described therein. Neither any Aircraft Collateral Owner nor any lessee under an Aircraft Lease nor any Disclosed Sublessee has granted to any person other than the Agent an International Interest, national interest, Prospective International Interest, Lien, de-registration power of attorney or a de-registration and export request authorization with respect to any Aircraft, Airframe, Engine or Spare Engine included as Aircraft Collateral other than any Permitted Aircraft Liens.
(c) Each Aircraft included as Aircraft Collateral is operated by a duly authorized and certificated air carrier in good standing under applicable law, who has complied with and satisfied all of the requirements of and is in good standing with the applicable Aviation Authority, so as to enable compliance with this Agreement, and to otherwise lawfully operate, possess, use and maintain the applicable Aircraft Collateral in accordance with the Other Documents.
(d) Each asset identified as Aircraft Collateral in the Aircraft Collateral Certificate satisfies the requirements for Aircraft Collateral (other than any Agent-discretionary criteria) and the related Perfection Requirements.
(e) Each Aircraft and Engine identified as Aircraft Collateral in the Aircraft Collateral Certificate shall at all times be subject to an Aircraft Mortgage. For the avoidance of doubt, on the Closing Date the Aircraft and Engines set forth in the Aircraft Collateral Certificate shall be subject to that certain Aircraft Mortgage to be filed with the FAA on the Closing Date (and each such Aircraft and Engine shall be listed in Exhibit A of such Aircraft Mortgage).
(f) Each Borrower will keep or cause to be kept correct, up-to-date and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ material assets that are identified by Borrowers as Aircraft Collateral in the Aircraft Collateral Certificate submitted to Agent, and the book value thereof.
Aircraft Collateral Information. (a) For each Aircraft or Engine included as Aircraft Collateral in respect of which a certificate of airworthiness is not delivered to the Agent on the Closing Date, such Aircraft or Engine possesses all required equipment and would be capable of receiving a certificate of airworthiness on such date.
(b) Each Aircraft Collateral Owner listed in the Aircraft Collateral Certificate has full title of each Airframe, Engine and Spare Engine as described therein. Neither any Aircraft Collateral Owner nor any lessee under an Aircraft Lease nor any Disclosed Sublessee has granted to any person other than the Agent an International Interest, national interest, Prospective International Interest, Lien, de-registration power of attorney or a de-registration and export request authorization with respect to any Aircraft, Airframe, Engine or Spare Engine included as Aircraft Collateral other than any Permitted Aircraft Liens.
(c) Each Aircraft included as Aircraft Collateral is operated by a duly authorized and certificated air carrier in good standing under applicable law, who has complied with and satisfied all of the requirements of and is in good standing with the applicable Aviation Authority, so as to enable compliance with this Agreement, and to otherwise lawfully operate, possess, use and maintain the applicable Aircraft Collateral in accordance with the Other Documents.
(d) Each asset identified as Aircraft Collateral in the Aircraft Collateral Certificate satisfies the requirements for Aircraft Collateral (other than any Agent-discretionary criteria) and the related Perfection Requirements.