Aircraft Collateral definition

Aircraft Collateral has the meaning specified in Section 1 hereof.

Aircraft Collateral means the Aircraft, Aircraft Parts and Aircraft Log Books.

Aircraft Collateral means those Aircraft, aircraft frames and aircraft equipment, in each case to the extent described in the Aircraft Collateral Schedule, in which a security interest has been or is required to be granted by the Borrower or any other Loan Party to the Administrative Agent for the benefit of the Secured Parties pursuant to an Aircraft Security Agreement (excluding for the avoidance of doubt, Excluded Aircraft).

Examples of Aircraft Collateral in a sentence

• Upon the indefeasible payment in full of the Secured Obligations, the security interest granted hereby shall terminate and all rights to the Aircraft Collateral and Aircraft Related Collateral shall revert to Company.

• Company will permit, and cause Lessee to permit, any officers, employees or authorized representatives of Agent to inspect, at Lessee's cost and expense under the Lease, the Aircraft Collateral and Aircraft Related Collateral.

• This Mortgage shall create a continuing security interest in the Aircraft Collateral and Aircraft Related Collateral and shall (a) remain in full force and effect until the indefeasible payment in full of the Secured Obligations, (b) be binding upon Company, its successors and assigns and (c) inure, together with the rights and remedies of Agent hereunder, to the benefit of Agent and its successors, transferees and assigns.

• Company, for itself and all who may claim under it, waives, to the extent that it lawfully may, all right to have all or any portion of the Aircraft Collateral marshalled upon any foreclosure hereof.

• In addition, Company will provide, or cause Lessee to provide, without cost or expense to Agent, storage facilities for the Aircraft Collateral.

More Definitions of Aircraft Collateral

Aircraft Collateral has the meaning specified in the granting clause of the Aircraft Security Agreement.

Aircraft Collateral means all Collateral of the type described in clauses (a), (b), (c), (d), (j) and (k) of Section 2.01 of the Mortgage.

Aircraft Collateral means all Aircraft and Engines now or hereafter owned by any Borrower or any Guarantor including any leases and sub-leases pursuant to which any such Aircraft are operated (collectively, the “Aircraft Leases”), and all Spare Parts now or hereafter owned by any Borrower or any Guarantor; provided, however, that Aircraft Collateral shall not include (i) any Aircraft not registered in the United States of America (or other jurisdiction as from time to time agreed to by Agent in its Permitted Discretion after consultation with Borrowing Agent pursuant to Section 4.13) or otherwise not required to be pledged under the terms of this Agreement (including all engines, rotor blades, rotor blade components, auxiliary power units and other equipment, avionics, appurtenances and accessions attached to or installed on such excluded Aircraft), (ii) all engines, rotor blades, rotor blade components, auxiliary power units and other equipment, avionics, appurtenances and accessions attached to or installed on such owned Aircraft, if and to the extent such items are not owned by any Borrower or any Guarantor, (iii) for the avoidance of doubt, any Aircraft subject to a lease agreement between a third-party lessor, as lessor, and any Borrower or any Guarantor, as lessee, (iv) any Aircraft or Engine that do not meet the Minimum Aircraft/Engine Requirements, (v) any Aircraft Leases that does not meet the Minimum Aircraft Lease Requirements, and (vi) any Aircraft, Engine, Spare Part or Aircraft Lease to the extent, and for so long as, in the reasonable judgment of the Agent, the cost or other consequences of providing a security interest therein would be excessive in relation to the benefits to be obtained by the Secured Parties therefrom.

Aircraft Collateral means those Engines, Spare Parts, Aircraft, airframes or Appliances, Parts, components, instruments, appurtenances, furnishings, other equipment installed on such Engines, Spare Parts, Aircraft, airframes or any other related assets, without limitation including the assets described on Schedule 1.01(b) as of the Closing Date, in which a security interest has been or is required to be granted by the Borrower or any other Loan Party to the Collateral Agent for the benefit of the Secured Parties pursuant to the Collateral Documents.

Aircraft Collateral all “Collateral” as defined in the Aircraft Mortgage Agreement.

Aircraft Collateral means all of the “Collateral” as defined in the Aircraft Mortgage (including any Mortgage Supplement).

Aircraft Collateral means all Collateral subject to this Agreement.