Aircraft and Spare Engine Mortgage definition

Aircraft and Spare Engine Mortgage means the Mortgage and Security Agreement, in substantially the form of Exhibit E, entered into by the Borrower and the Administrative Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

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Aircraft and Spare Engine Mortgage means (i) the Mortgage and Security Agreement dated as of May 29, 2020, entered into by the Borrower and the Administrative Agent, as ratified on the date hereof and as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time or (ii) any other security agreement, entered into by another Grantor and the Administrative Agent, to pledge Eligible Aircraft and/or Eligible Engines as Collateral, in substantially the form of Exhibit E (or in such other form as may be reasonably acceptable to the Administrative Agent and the Borrower). 1008536250v10

Aircraft and Spare Engine Mortgage means the Mortgage and Security Agreement, dated as of the Closing Date, entered into by Spirit, each other applicable Grantor and the Collateral Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

Examples of Aircraft and Spare Engine Mortgage in a sentence

The Borrower shall have duly executed and delivered to the Administrative Agent the Aircraft and Spare Engine Mortgage.
A UCC financing statement covering the security interests of the Administrative Agent in the Collateral created by the Aircraft and Spare Engine Mortgage, as supplemented by Mortgage Supplement No. 1, naming the Borrower, as debtor, and the Administrative Agent, as secured party, shall have been duly filed (or shall be in the process of being so duly filed) in all places necessary or desirable within the State of Delaware.
For the avoidance of doubt, nothing contained in the foregoing shall prohibit (and the Release Threshold shall not be reduced by) any substitution of engines or other parts on an aircraft if such substitution is permitted or required under the Aircraft and Spare Engine Mortgage.
Promptly upon the recording of the Aircraft and Spare Engine Mortgage (with Mortgage Supplement No. 1 attached) pursuant to the Act, the Borrower will cause Aviation Counsel to deliver to the Administrative Agent and the Borrower an opinion as to the due recording of such instruments and the lack of filing of any intervening documents with respect to the Pledged Aircraft and the Pledged Engines.
The Security Trustee will be entitled to the benefits of Section 1110 (as currently in effect) with respect to the right to take possession of the Pledged Aircraft, Pledged Engines and Pledged Spare Parts as provided in the Aircraft and Spare Engine Mortgage or Spare Parts Security Agreement, as applicable, in the event of a case under Chapter 11 of the Bankruptcy Code in which the Borrower is a debtor.

More Definitions of Aircraft and Spare Engine Mortgage

Aircraft and Spare Engine Mortgage means (i) the Mortgage and Security Agreement dated as of May 29, 2020,

Aircraft and Spare Engine Mortgage means the Mortgage and Security Agreement, in substantially the form of Exhibit E, entered into by the Borrower and the Collateral Agent, as the same may be amended, restated, modified, supplemented, extended or

Aircraft and Spare Engine Mortgage means the Mortgage and Security Agreement, in substantially the form of E xhibit A, entered into by the Borrower (or any other applicable Grantor) and the Administrative Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

Aircraft and Spare Engine Mortgage means the Mortgage and Security Agreement, dated as of March 30, 2020, entered into by the Borrower and the Collateral Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

Aircraft and Spare Engine Mortgage means any security agreement, entered into by a Grantor and the