AFL II definition

AFL II means Atlas Freighter Leasing II, Inc., a Delaware corporation, whose common stock is wholly owned by Company.
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AFL II means a wholly owned Unrestricted Subsidiary formed in August 1997 for the sole purpose of owning and leasing four 747-200 aircraft and nine spare engines previously owned by the Company and financed by the Company's existing revolving credit facility.
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AFL II means a new wholly-owned Unrestricted Sub- sidiary to be formed for the sole purpose of owning and leasing four 747-200 aircraft and eight spare engines currently owned by the Company and financed by the Company's existing revolving credit facility.
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Examples of AFL II in a sentence

  • Notwithstanding the foregoing, any such cash proceeds received pursuant to the AFL II Financing Agreement shall not be subject to the provisions of this subsection 2.4(B)(iii)(b).

  • In April 2000, Atlas formed AFL III for the purpose of entering into a $300 million term loan facility to refinance the aircraft and spare engines previously financed under an AFL term loan facility and an AFL II term loan facility, plus one aircraft previously financed under the Aircraft Credit Facility and three Boeing 747-400 spare engines owned by Atlas.

  • The Lenders acknowledge that the security interest and Lien created by the Collateral Documents does not extend to the assets of AFL or AFL II now existing or hereafter acquired.

  • Notwithstanding the foregoing, the AFL Leases and the AFL II Leases shall be permitted hereunder and shall not be taken into account for purposes of determining compliance with the foregoing provisions of this subsection 6.9.

  • Notwithstanding the foregoing, so long as (i) the AFL II Financing remains outstanding nothing herein shall cause or give rise to an obligation on the part of the Company or AFL II to require a guaranty or grant of security interest in the assets of AFL II and (ii) the AFL Financing remains outstanding nothing herein shall cause or give rise to an obligation on the part of the Company or AFL to require a guaranty or grant of security interest in the assets of AFL.

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