Common use of Mortgage and Grant of Security Clause in Contracts

Mortgage and Grant of Security. To secure the due and punctual payment of the Notes, together with accrued interest thereon, and all other amounts from time to time payable by Company under the Credit Agreement, this Mortgage and the other Loan Documents (as defined below) (including payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the United States Bankruptcy Code), and to secure performance of all obligations and covenants of Company under the Credit Agreement, this Mortgage and the other Loan Documents (all such payment and performance obligations of Company, the "Secured Obligations"), Company hereby mortgages to Agent, for the benefit of Lenders, and their respective successors and assigns, and hereby grants and assigns to Agent, for the benefit of Lenders, and their respective successors and assigns, a first priority security interest in the Aircraft and the Spare Engines (the "Aircraft Collateral") and a first priority security interest in all estate, right, title and interest of Company in, to and under, the other below described property wherever the same may be located (the "Aircraft Related Collateral"):

Mortgage and Grant of Security. To secure the due and punctual payment of the Notes, together with accrued interest thereon, and all other amounts from time to time payable by Company under the Credit Agreement, this Mortgage and the other Loan Documents (as defined below) (including payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the United States Bankruptcy Code), and to secure performance of all obligations and covenants of Company under the Credit Agreement, this Mortgage and the other Loan Documents (all such payment and performance obligations of Company, the "Secured Obligations"), Company hereby mortgages to Agent, for the benefit of Lenders, and their respective successors and assigns, and hereby grants and assigns to Agent, for the benefit of Lenders, and their respective successors and assigns, a first priority security interest in- terest in the Aircraft and the Spare Engines (the "Aircraft Collateral") and a first priority security interest in all estate, right, title and interest of Company in, to and under, the other below described property wherever the same may be located (the "Aircraft Related Collateral"):

Mortgage and Grant of Security. To secure the due and punctual payment of the Notes, together with accrued interest thereon, and all other amounts from time to time payable by the Company under the Credit Agreement, this Mortgage and the other Loan Documents (as defined below) (including payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the United States Bankruptcy Code), and to secure performance of all obligations and covenants of the Company under the Credit Agreement, this Mortgage and the other Loan Documents (all such payment and performance obligations of Companythe Com- pany, the "Secured ObligationsSECURED OBLIGATIONS"), the Company hereby mortgages to the Agent, for the benefit of the Lenders, and their respective successors and assigns, and hereby grants and assigns to the Agent, for the benefit of the Lenders, and their respective successors and assigns, a first priority security interest in the Aircraft and the Spare Engines (the "Aircraft CollateralAIRCRAFT COLLATERAL") and a first priority security interest in all estate, right, title and interest of the Company in, to and under, the other below described property wherever the same may be located (the "Aircraft Related CollateralAIRCRAFT RELATED COLLATERAL"):