Common use of Eligible Credit Facilities Clause in Contracts

Eligible Credit Facilities. Notwithstanding Section 3.08 hereof, Article X hereof, or anything else to the contrary contained in the Indenture, Guarantor Indenture or the Security Trust Agreement, all amounts available in any Cash Collateral Account or drawn against any other Eligible Credit Facility (other than the Initial Credit Facility) shall be paid to Holders of the subclass of ACS Group Securities (and holders of other obligations) for whose benefit such Eligible Credit Facility is stated to be established except to the extent otherwise provided in the Board Resolutions and Guarantor Board Resolutions providing for such Eligible Credit Facility.

Appears in 4 contracts

Samples: Trust Indenture (Aircastle LTD), Trust Indenture (Aircastle LTD), Trust Indenture (Aircastle LTD)

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