Aggregate Maximum Principal Amount definition
Aggregate Maximum Principal Amount means Ninety Million Dollars ($90,000,000.00), as such amount may be reduced from time to time in accordance with the terms hereof or the Series 2017-One Purchase Agreement.
Aggregate Maximum Principal Amount. For all Boeing 747-400F Aircraft $538,915,000 The aggregate original principal amount of all Equipment Notes for all Aircraft shall not exceed the aggregate face amount of all Certificates issued on the Issuance Date. The aggregate original principal amount of all Equipment Notes of any series shall not exceed the aggregate face amount of all Certificates of the related Class issued on the Issuance Date. Initial Loan to Aircraft Value (with the value of any Aircraft equal to the value for such Aircraft set forth in the Offering Memorandum in "Offering Memorandum Summary--Summary of Terms of Certificates--Equipment Notes and the Aircraft" under the column "Appraised Value"): Series A: not in excess of 38.1% Series B: not in excess of 52.8% Series C: not in excess of 68.4% Initial Average Life (in years) for each Boeing 747-400F Aircraft from the Issuance Date: Series A: not less than 11.5 years or more than 15 years Series B: not less than 8.5 years or more than 12 years Series C: not less than 4.5 years or more than 7.5 years Average Life (in years): As of the Delivery Period Termination Date (or if earlier, the date of the occurrence of a Triggering Event), the average life of the Class A Certificates, the Class B Certificates and the Class C Certificates shall not be less than, respectively, 13.5 years, 10 years and 5 years or shall not extend beyond, respectively, 15 years, 11 years and 6.5 years from the Issuance Date (computed without regard to the acceleration of any Equipment Notes and after giving effect to any special distribution on the Certificates thereafter required in respect of unused Deposits).