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.
Mr. Constantine feels that it shouldn’t take more than 60 days to complete the analysis.
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.