Aircraft Chattel Mortgage definition

Aircraft Chattel Mortgage means each Aircraft Chattel Mortgage entered into in connection with the Credit Agreement.
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Aircraft Chattel Mortgage means any or all of the First Aircraft Chattel Mortgages and the Second Aircraft Chattel Mortgages.
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Aircraft Chattel Mortgage means, with respect to each Aircraft and Spare Engine, a Security Agreement and Chattel Mortgage substantially in the form of Exhibit IX annexed hereto granting to Administrative Agent for the benefit of Lenders a first priority security interest in such Aircraft and Spare Engine, as such Aircraft Chattel Mortgage may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof.
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Examples of Aircraft Chattel Mortgage in a sentence

  • In order to secure the obligations, the Lessor has agreed in the Aircraft Chattel Mortgage, among other things, to assign to the Agent this Lease and the Lease Supplements and to mortgage in favor of the Agent the Aircraft, subject to the reservations and conditions therein set forth.

  • Lessee shall cooperate with Lessor and take all such actions as shall be requested by Lessor so that Lessor complies with Section 4(f) of the Aircraft Chattel Mortgage.

  • All Parts at any time removed from the Airframe or any Engine shall remain the property of Lessor and shall remain subject to the lien and security interest of the Aircraft Chattel Mortgage, no matter where located, until such time as such Parts shall be replaced by parts which have been incorporated or installed in or attached to the Airframe or any Engine and which meet the requirements for replacement parts specified above.

  • Lessee will not directly or indirectly create, incur, assume or suffer to exist any Lien, on or with respect to the Aircraft, title thereto or any interest therein, except the lien of the Aircraft Chattel Mortgage and Permitted Encumbrances.

  • Lessee will not directly or indirectly create, incur, assume or suffer to exist any Lien, on or with respect to the Aircraft or Spare Engines, title thereto or any interest therein, except the lien of the Aircraft Chattel Mortgage and Permitted Encumbrances.

  • Upon termination of an Approved Lease to which a Foreign Leased Aircraft is subject, Company shall cause such Foreign Leased Aircraft to be deregistered in such country and registered under the Federal Aviation Act and file for recordation with the FAA following such deregistration a First Aircraft Chattel Mortgage and Second Aircraft Chattel Mortgage with respect to such Foreign Leased Aircraft and shall cause FAA counsel to deliver an opinion in form and substance satisfactory to Administrative Agent.

  • In order to secure the obligations, the Lessor has agreed in the Aircraft Chattel Mortgage, among other things, to assign to the Agent this Lease and the Lease Supplements and to mortgage in favor of the Agent the Aircraft and the Spare Engines, subject to the reservations and conditions therein set forth.

  • Notwithstanding any of the foregoing provisions of this Section 17, so long as any Loan relating to the Aircraft or Spare Engine or other Obligations (other than principal and interest on Loans relating to other aircraft or other spare engines) are outstanding under the Credit Agreement, all rights of Lessor under this Section 17 shall be exercised only by the Agent as assignee of Lessor's rights under this Lease pursuant to the Aircraft Chattel Mortgage.

  • Title to the Aircraft shall remain vested in the Lessor subject to the Aircraft Chattel Mortgage and any assignments, charges or other disposals that the Lessor may make in accordance with this Lease.

  • This Amendment is limited as specified and shall not constitute a modification, acceptance or waiver of any other provision of the Aircraft Chattel Mortgage.


More Definitions of Aircraft Chattel Mortgage

Aircraft Chattel Mortgage means, (i) with respect to each AFL III Aircraft or Spare Engine Pool, a Security Agreement and Chattel Mortgage substantially in the form of EXHIBIT IXA or EXHIBIT IXB annexed hereto, as appropriate, granting to the Administrative Agent for the benefit of the Lenders a first priority security interest in such AFL III Aircraft or Spare Engine Pool, as the case may be, as such Aircraft Chattel Mortgage is amended by the Aircraft Chattel Mortgage Amendment delivered with respect thereto pursuant to subsection 3.1(xii) and as such Aircraft Chattel Mortgage may be further amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof.
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Aircraft Chattel Mortgage means, with respect to each Aircraft or Spare Engine Pool, a Security Agreement and Chattel Mortgage substantially in the form of Exhibit IXA or Exhibit IXB annexed hereto, as appropriate, granting to the Administrative Agent for the benefit of the Lenders a first priority security interest in such Aircraft or Spare Engine Pool, as the case may be, as such Aircraft Chattel Mortgage may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof.
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Aircraft Chattel Mortgage means the Aircraft Chattel Mortgage and ------------------------- Security Agreement dated as of the date hereof, by Maxim in favor of the Administrative Agent for the benefit of itself and the Lenders, as amended, modified or supplemented from time to time.
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Aircraft Chattel Mortgage shall have the meaning ascribed thereto in Section 5.1(e) hereof.
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Aircraft Chattel Mortgage means each of those certain Aircraft Chattel Mortgages, Security Agreements, and Assignments of Rents and Leases, substantially in the form of Exhibit K, executed and delivered pursuant to this Agreement, in which certain of the Parent, the Subsidiaries, and other Persons which become Guarantors after the Closing Date grant to the Collateral Agent, for the equal and ratable benefit of the Secured Creditors, a security interest in the Collateral described therein, together with all amendments and supplements thereto.
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Aircraft Chattel Mortgage means that certain Security Agreement (Aircraft Chattel Mortgage), dated as of August 5, 1997 and made by the Company or one of its Subsidiaries in favor of the Agent for the ratable benefit of the Banks, the holders of the Notes and, on a junior and subordinated basis, the holders of the Subordinated Notes, granting the Agent a first priority chattel mortgage lien and security interest in that certain 58 Baron Turbocharge aircraft, Federal Aviation Administration registration number N831JB, in substantially the form of EXHIBIT G attached to the Senior Note Agreement.
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Related to Aircraft Chattel Mortgage

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Purchase Agreement Collateral has the meaning specified in Section 6.9 of this Agreement.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Additional Mortgage shall have the meaning assigned to such term in Section 5.10(c).

  • Ship Mortgage means a Ship Mortgage or Additional Ship Mortgage substantially in the form of Exhibit E-2 to the 2008 Credit Agreement (with such changes as are reasonably consented to by the Collateral Agent to account for local law matters) made by the applicable Loan Party in favor of Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time, together with an Earnings Assignment and an Insurance Assignment made by the applicable Loan Party for each Mortgaged Vessel, and such other agreements reasonably acceptable to Collateral Agent as shall be necessary to comply with applicable requirements of law and effective to grant in favor of Collateral Agent for the benefit of the Secured Parties a first preferred mortgage within the meaning of the Ship Mortgage Act on the Mortgaged Vessel covered thereby, subject only to Permitted Liens.

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.

  • Residential mortgage loan means any loan primarily for

  • Acceptable Document of Title means, with respect to any Inventory, a tangible, negotiable xxxx of lading or other Document (as defined in the UCC) that (a) is issued by a common carrier which is not an Affiliate of the Approved Foreign Vendor or any Loan Party which is in actual possession of such Inventory, (b) is issued to the order of a Loan Party or, if so requested by the Agent, to the order of the Agent, (c) names the Agent as a notify party and bears a conspicuous notation on its face of the Agent’s security interest therein, (d) is not subject to any Lien (other than in favor of the Agent), and (e) is on terms otherwise reasonably acceptable to the Agent.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Document of title means a record that in the regular course of business or financing is treated as adequately evidencing that the person in possession or control of the record is entitled to receive, control, hold, and dispose of the record and the goods the record covers and that purports to be issued by or addressed to a bailee and to cover goods in the bailee's possession which are either identified or are fungible portions of an identified mass. The term includes a bill of lading, transport document, dock warrant, dock receipt, warehouse receipt, and order for delivery of goods. "Electronic document of title" means a document of title evidenced by a record consisting of information stored in an electronic medium. "Tangible document of title" means a document of title evidenced by a record consisting of information that is inscribed on a tangible medium.

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

  • Owner Mortgage Loan File A file maintained by the Custodian for each Mortgage Loan that contains the documents specified in Section 2.01(a) and any additional documents required to be added to the Owner Mortgage Loan File pursuant to this Agreement.

  • Supplemental Mortgage Loan Any Mortgage Loan other than an Initial Mortgage Loan conveyed to the Trust Fund pursuant to Section 2.01 hereof and to a Supplemental Transfer Agreement, which Mortgage Loan shall be listed on the revised Mortgage Loan Schedule delivered pursuant to this Agreement and on Schedule A to such Supplemental Transfer Agreement. When used with respect to a single Supplemental Transfer Date, Supplemental Mortgage Loan shall mean a Supplemental Mortgage Loan conveyed to the Trust Fund on that Supplemental Transfer Date.

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Mortgage Supporting Documents means, with respect to a Mortgage for a parcel of Real Property, each the following:

  • Reverse mortgage means a nonrecourse loan under which both of the following apply: