Eligible Aircraft. Full legal and beneficial ownership of each Aircraft identified as Eligible Aircraft in the most recent Borrowing Base Certificate submitted pursuant to the DIP Revolving Credit Agreement is held by Borrower, Evergreen or Evergreen Equity and is free and clear of all Liens (other than Permitted Liens).
Appears in 2 contracts
Samples: Credit Agreement, Possession Credit Agreement (Erickson Inc.)
Eligible Aircraft. (a) Full legal and beneficial ownership of each Aircraft identified as Eligible Aircraft in the most recent Borrowing Base Certificate submitted pursuant to the DIP Revolving Credit Agreement is held by Borrower, Evergreen Borrowers or Evergreen Equity and is free and clear of all Liens (other than Permitted Liens).
Appears in 2 contracts
Samples: Possession Credit Agreement (Erickson Inc.), Credit Agreement (Erickson Air-Crane Inc.)
Eligible Aircraft. (a) Full legal and beneficial ownership of each Aircraft identified as Eligible Aircraft in the most recent Borrowing Base Certificate submitted pursuant to the DIP Revolving Credit Agreement is held by Borrower, Evergreen or Evergreen Equity Borrowers and is free and clear of all Liens (other than Permitted Liens).
Appears in 1 contract