Aircraft Assets definition

Aircraft Assets means (x) aircraft, airframes, engines (including spare engines), propellers, parts and other operating assets and pre-delivery payments relating to any of the items in this clause (x); and (y) intermediate or operating leases relating to any of the items in the foregoing clause (x).

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Aircraft Assets means (1) the Aircraft, together with the products and proceeds thereof, and (2) the Aircraft Note.

Aircraft Assets aircraft, airframes, engines (including spare engines), parts and pre-delivery payments relating to the foregoing.

Examples of Aircraft Assets in a sentence

Without limiting the foregoing, the Borrower will not, and will not cause or permit any Borrower Subsidiary to, do anything to impair the rights of the Administrative Agent or the Lenders in any Aircraft or other Aircraft Assets, or any Leases, Related Security or other Borrower Collateral owned by, entered into by or related to such Borrower Subsidiary, or any interest therein other than to the extent expressly permitted under the Transaction Documents.
Promptly upon request therefor, the Borrower shall, and shall cause the Borrower Subsidiaries to, provide access to the Administrative Agent to Records reflecting activity relating to the Aircraft and Aircraft Assets through the close of business on the immediately preceding Business Day.
The Administrative Agent shall not be accountable for the use or application by the Borrower of any proceeds of the Advances, or for the use or application of any funds paid to a Service Provider in respect of the Leases or any other Aircraft Assets related to the Aircraft.

More Definitions of Aircraft Assets

Aircraft Assets means “Flight Equipment held for Operating Lease [net],” plus “Net Investment in Direct Finance Leases,” plus “Inventory” plus “Lease Premium” plus “End of Lease Assets” (or such substantially similar terms for such substantially similar assets as may be used from time to time).

Aircraft Assets means one or more Aircraft, together with the related assets with respect thereto, including, without limitation, the Leases with respect to such Aircraft (and the Related Security with respect thereto) and any related Security Deposits, Maintenance Reserves or other cash reserves.

Aircraft Assets means the Aircraft Collateral and any related Security Deposits or Maintenance Rent.

Aircraft Assets has the meaning assigned to such term in the Servicing Agreement.

Aircraft Assets means all Aircraft and any related lease interests owned or leased, or to be owned or leased, by any Serviced Group Member from time to time; provided, however, that Aircraft Assets shall not include any Aircraft Asset in respect of which the Servicers or such Serviced Group Member shall have terminated the Servicer's obligation to provide Services with respect thereto in accordance with Article 7 hereof.

Aircraft Assets means all Initial Aircraft, the Offering Memorandum Aircraft, any Additional Aircraft, any spare parts, spare engines or ancillary equipment or devices furnished therewith and related lease interests and options owned by any Person within AerCo Group; provided however, that Aircraft Assets shall not include any Aircraft Asset (x) that shall have ceased to be an Aircraft Asset pursuant to this Agreement, or (y) in respect of which the Servicer or AerCo shall have terminated the Servicer's obligation to provide Services in accordance with Article 10 of this Agreement.

Aircraft Assets means (a) all Aircraft owned or leased-in by any Person within the LIFT Group as of the Closing Date or at any time or from time to time thereafter (taking into account any acquisitions or dispositions made in accordance with this Agreement); PROVIDED, HOWEVER, that Aircraft Assets shall not include (x) any Aircraft Asset that shall have ceased to be an Aircraft Asset in accordance with the provisions of Sections 2.04(b) or 3.02(d) of the Servicing Agreement, but shall include any Former Aircraft Asset that shall have become an Aircraft Asset pursuant to Section 6.07 of the Servicing Agreement or (y) any Aircraft Asset in respect of which the obligation of the Servicer to provide Services shall have been terminated in accordance with Article X of the Servicing Agreement and (b) all Original Aircraft.