AFL III definition

AFL III means Atlas Freighter Leasing III, Inc., a Delaware corporation, whose common stock is wholly owned by Company, the sole business of which is the ownership of the AFL III Equipment and the leasing of the AFL III Equipment to Company pursuant to the AFL III Leases and obtaining financing with respect thereto.
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AFL III means Atlas Freighter Leasing III, Inc., a Delaware corporation.
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AFL III has the meaning provided in the first paragraph of this Agreement.
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Examples of AFL III in a sentence

  • The Lenders acknowledge that the security interests and Liens created by the Collateral Documents do not extend to the assets of AFL III now existing or hereafter acquired.

  • Notwithstanding the foregoing, the AFL III 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 the AFL III Financing remains outstanding nothing herein shall cause or give rise to an obligation on the part of the Company or AFL III to require a guaranty or grant of security interest in the assets of AFL III.

  • Notwithstanding the foregoing, AFL III shall be permitted to issue preferred stock in an amount not to exceed $100,000 to a third party.

  • Notwithstanding the foregoing so long as (i) the AFL III Financing remains outstanding, Insurance Proceeds and Condemnation Proceeds with respect to the AFL III Equipment shall not be subject to the provisions of this subsection 2.4(B)(iii)(c) to the extent such proceeds are applied in accordance with the terms of the AFL III Financing Agreement.

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

  • AFL III has collaterally assigned those leases and the proceeds thereof to Deutsche Bank as security for the AFL III Credit Facility.

  • New Monthly Payments: Subject to the provisions above with respect to the AFL III Loan: Lenders would modify the monthly obligations for all collateral to the respective aggregate principal amounts set forth on the amortization schedule annexed hereto as Exhibit B, which will be payable, together with interest at the rate specified in the Forbearance Agreement.

  • AFL III leases the collateral securing the AFL III Credit Facility, including aircraft and related equipment, to Atlas.

  • Notwithstanding the foregoing, so long as the AFL III Financing remains outstanding, Cash Proceeds from the sale or other disposition of the AFL III Equipment shall not be subject to the provisions of this subsection 2.4(B)(iii)(a) to the extent that such Cash Proceeds are applied in accordance with the terms of the AFL III Financing Agreement.


More Definitions of AFL III

AFL III has the meaning assigned to that term in the preamble to this Agreement.
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Related to AFL III

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  • Continuous parameter monitoring system or "CPMS" means all of the equipment necessary to meet the data acquisition and availability requirements of this chapter, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, oxygen or carbon dioxide concentrations), and to record average operational parameter value on a continuous basis.

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