Adjusted Base Value means, with respect to an Engine, such Engine’s Base Value, adjusted for the actual maintenance status of such Engine, but without regard to any Lease, Maintenance Reserve Payments, Security Deposits or other related assets.
Adjusted Base Value means, with respect to any Aircraft on any Calculation Date, the average of the Base Values of such Aircraft as determined by the Appraisals of such Aircraft delivered in connection with the Relevant Appraisal with respect to such Calculation Date.
Adjusted Base Value has the meaning assigned to such term in Section 1.01 of the Indenture. "ADJUSTED GROSS PROCEEDS" has the meaning assigned to such term in Section 9.05(a)(ii) of the Servicing Agreement. APPENDIX A TO THE SERVICING AGREEMENT
Examples of Adjusted Base Value in a sentence
The Issuer shall deliver to the Initial Liquidity Facility Provider a copy of the appraisal letter from each Appraiser containing the annual appraisals used to determine the Adjusted Base Value and Base Value of the Assets as described in the foregoing sentence.
The validation of first 22 natural frequencies for cases A2, B2 and C2 for the mesostructure α = 0.5 is performed.
In this instance, the Base Value of each aircraft assumes its physical condition is average for an aircraft of its type and age, but has been adjusted to reflect a) the actual utilisation and given maintenance status of airframe, engines and undercarriage where possible (the 'Adjusted Base Value') and b) assuming overall 'half-life' maintenance condition.
In this instance, the Base Value of each aircraft assumes its physical condition is average for an aircraft of its type and age, but has been adjusted to reflect a) the actual utilisation and given maintenance status of airframe, engines and undercarriage where possible (the 'Adjusted Base Value') and b) under the assumption that each aircraft is fresh from major overhaul on airframe, engines and undercarriage ('Zero Time' Base Value), as well as c) assuming overall 'half-life' maintenance condition.
In developing the Current Adjusted Base Value of this aircraft, MBA did not inspect the aircraft or verify their historical maintenance documentation, but relied on partial information supplied by GECAS.
More Definitions of Adjusted Base Value
Adjusted Base Value means, with respect to any Asset on any Calculation Date or any other date (such date of determination, for the purposes only of this definition, the “Appraisal Date”), the average of the Maintenance Adjusted Base Values of such Asset as determined by the most recent appraisals of such Asset provided pursuant to Section 5.02(u); provided that, unless the Adjusted Base Value of such Asset is being calculated in order to determine the Allocable Debt Balance or an Allocable Series Amount in connection with the Asset Disposition of such Asset, the “Adjusted Base Value” of any Asset which has been sold, transferred or otherwise disposed of on or prior to such Appraisal Date for which the Net Sale Proceeds thereof are retained in the Asset Replacement Account or a Qualified Escrow Account as of such Appraisal Date shall be deemed to equal the amount of such Net Sale Proceeds so retained (including, without duplication, any Asset Disposition Accrual Amounts on deposit in the Asset Disposition Contribution Account relating to such Asset and any Additional Advances applied or to be applied to such Net Sale Proceeds); provided further that with respect to any Airframe, if one or two Appraisers (i) are unable or unwilling to deliver a Maintenance Adjusted Base Value appraisal with respect to such Airframe or (ii) deliver an appraisal with respect to such Airframe and the Maintenance Adjusted Base Value of such Airframe stated in such appraisal is equal to or less than $0.00, such appraisal or appraisals (as the case may be) shall be disregarded in calculating the Adjusted Base Value of such Airframe.
Adjusted Base Value means, with respect to an Engine, such Engine’s Base Value, adjusted for the actual maintenance status of such Engine, but without regard to any Lease, Maintenance Reserve Payments, Security Deposits or other related assets. “Adjusted Term SOFR” means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be equal to the Floor. “Administrative Agency Fee Letter” shall have the meaning set forth in Section 2.6.3. “Administrative Agent” means that party mentioned in the introductory paragraph hereof, when such party is acting in its capacity as Administrative Agent under any of the Loan Documents, or any successor Administrative Agent. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affected Interest Period Notice” shall have the meaning set forth in Section 15.1.4. “Affiliate” means, with respect to any Person, another Person that, directly or indirectly, Controls, or is Controlled by or is under common Control with such other Person. For the purpose of this definition, “Control” or “Controlled” means the possession, directly or indirectly, of the power to direct or cause the direction of its management or policies, whether through the ownership of voting securities, by contract or otherwise. Notwithstanding the foregoing, “Affiliate” shall not include WMES or CWEL. “Agent” means Administrative Agent and/or Security Agent, as applicable, and “Agents” means, collectively, Administrative Agent and Security Agent. “Agreement” means this Credit Agreement, as the same may, from time to time, be amended, supplemented, modified or restated. “Airframe” means the remaining parts of an aircraft, less its Engines. “Amendment No. 4” means that certain Amendment No. 4 to Fourth Amended and Restated Credit Agreement dated as of October 31, 2023, by and among, Xxxxxxxx, the Agents, and certain Xxxxxxx, and agreed and acknowledged by the Owner Trustees and certain Subsidiaries of Borrower. “Amendment No. 4 Effective Date” means the date on which each of the conditions set forth in Section 4 to Amendment No. 4 have been satisfied. “Applicable Base Rate” means the percentage as calculated in Section 2.4.1
Adjusted Base Value means, with respect to any Asset on any Calculation Date or any other date (such date of determination, for the purposes only of this definition, the “Appraisal Date”), the average of the Maintenance Adjusted Base Values of such Asset as determined by the most recent appraisals of such Asset provided pursuant to Section 5.02(u); provided that, unless the Adjusted Base Value of such Asset is being calculated in order to determine the Allocable Debt Balance or an Allocable Series Amount in connection with the Asset Disposition of such Asset, the “Adjusted Base Value” of any Asset which has been sold, transferred or otherwise disposed of on or prior to such Appraisal Date for which the Net Sale Proceeds thereof are retained in the Asset Replacement Account or a Qualified Escrow Account as of such Appraisal Date shall be deemed to equal the amount of such Net Sale Proceeds so retained (including, without duplication, any Asset Disposition Accrual Amounts on deposit in the Asset Disposition Contribution Account relating to such Asset and any Additional Advances applied or to be applied to such Net Sale Proceeds); provided further that the Adjusted Base Value of an Asset that is an Airframe will be calculated as (a) the average of the Maintenance Adjusted Base Values of the aircraft constituted by such Airframe and its associated Aircraft Engines minus (b) the average of the aggregate Maintenance Adjusted Base Values of such Aircraft Engines referred to in clause (a). [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. Confidential Treatment Requested: Information for which confidential treatment has been requested is omitted and is noted with asterisks. An unredacted version of this document has been filed separately with the Securities and Exchange Commission.
Adjusted Base Value has the meaning assigned to such term in Section 1.01 of the Indenture. Appendix A-2 187
Adjusted Base Value means, with respect to an Engine or aircraft engine, such Engine’s or aircraft engine’s Base Value, adjusted for the actual maintenance status of such Engine or aircraft engine, but without regard to any Lease, Maintenance Reserve Payments, Security Deposits or other related assets.
Adjusted Base Value means, with respect to any Aircraft on any Determination Date, the lower of the mean and median of the Appraised Values of such Aircraft as determined by the Appraisals of such Aircraft delivered in connection with the Relevant Appraisal with respect to such Determination Date; provided that the “Adjusted Base Value” of any Aircraft which has been sold, transferred or otherwise disposed of on or prior to such Determination Date for which the Net Sales Proceeds thereof are retained in the Aircraft Disposition Account as of such Determination Date shall be deemed to equal the amount of such Net Sales Proceeds so retained.
Adjusted Base Value means, with respect to any Asset on any date of determination, the average of the Maintenance Adjusted Base Values of such Asset as determined by the most recent Appraisals of such Asset. “Administrative Agent Expenses” means any unpaid fees, reasonable out-of-pocket costs and expenses, indemnities or other amounts owing to the Administrative Agent under the Loan Documents. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, with respect to any Person, another Person that, directly or indirectly, Controls, or is Controlled by or is under common Control with such other Person. For the purpose of this definition, “Control” or “Controlled” means the possession, directly or indirectly, of the power to direct or cause the direction of its management or policies, whether through the ownership of voting securities, by contract or otherwise. Notwithstanding the foregoing, “Affiliate” shall not include, with respect to WLFC or any Borrower Group Company, WMES or CWEL. “Aircraft Engine” means a basic power jet propulsion or turboprop engine assembly for an aircraft that is stage 3 or later compliant (without reliance on a noise reduction or “hush” kit), including its essential accessories as supplied by the manufacturer of such Aircraft Engine, but excluding the nacelle, and including any QEC Kit and any and all modules and Parts incorporated in, installed on or attached to each such engine from time to time and any substitutions therefor. “Aircraft Equipment” means each aircraft (including the related Airframe, Aircraft Engines and parts), Airframe or Aircraft Engine owned by any Borrower Group Company, or with respect to which any Borrower Group Company either holds an interest directly or indirectly in an owner trust or holds a security interest. “Airframe” means an airframe (if the context requires, related Asset Interests in an airframe), including any and all modules and Parts incorporated in, installed on or attached to such airframe from time to time and any substitutions therefor, except in each case, any Aircraft Engine.