Common use of Eligible Aircraft Clause in Contracts

Eligible Aircraft. (a) Not permit any Aircraft identified in the most recent Borrowing Base Certificate as Eligible Aircraft to be leased, sold, exchanged or otherwise disposed of or be subject to any leasing, pooling, interchange or similar agreement.

Appears in 2 contracts

Samples: Possession Credit Agreement (Erickson Inc.), Credit Agreement (Erickson Air-Crane Inc.)

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Eligible Aircraft. (a) Not permit any Aircraft identified in the most recent Borrowing Base Certificate delivered pursuant to the DIP Revolving Credit Agreement as Eligible Aircraft to be leased, sold, exchanged or otherwise disposed of or be subject to any leasing, pooling, interchange or similar agreement.

Appears in 2 contracts

Samples: Credit Agreement, Possession Credit Agreement (Erickson Inc.)

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