Conditions Precedent to the Loan Participants’ Participation in the Designated Aircraft. It is agreed by each of the parties hereto that the respective obligations of each Loan Participant to lend its Commitment to the Borrower in respect of the Designated Aircraft is subject to the satisfaction prior to or on the Delivery Date of the following conditions precedent:
Appears in 2 contracts
Samples: Facility Agreement (Virgin America Inc.), Facility Agreement (Virgin America Inc.)
Conditions Precedent to the Loan Participants’ Participation in the Designated Aircraft. It is agreed by each that the obligations of the parties hereto that the respective obligations of each Loan Participant to lend its Commitment to the Borrower in respect of the Designated Aircraft is subject to the effectiveness of this Agreement under Section 4(a) and the satisfaction prior to or on the Delivery Date for the Designated Aircraft of the following conditions precedent:
Appears in 2 contracts
Samples: Facility Agreement (Hawaiian Holdings Inc), Facility Agreement (Hawaiian Holdings Inc)
