Aircraft Loan definition

Aircraft Loan means the secured aircraft loan of up to $22,000,000.00 furnished by Banc of America Leasing & Capital, LLC for the purchase by an Affiliate of the Borrower of a 2010 Dassault Falcon 2000LX.
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Aircraft Loan means a loan (or similar financing arrangement, such as direct finance leases) marketed and made available for the purpose of financing or refinancing the acquisition of an aircraft, engines or other aircraft collateral, including without limitation, kits, balloons, helicopters and avionics; provided, however, that a loan (or similar financing arrangement) provided by a Person as part of an aircraft floor plan lending or home equity or mortgage loan business (or any other business not directed specifically toward financing the acquisition of aircraft by end-users) shall not be deemed an Aircraft Loan even if the proceeds of the loan (or similar financing arrangement) are used to finance or refinance the acquisition of an aircraft, unless such loan (or similar financing arrangement) has been marketed as being specifically available for use to finance or refinance the acquisition of aircraft.
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Aircraft Loan means the loan in the principal amount of $1,067,810.66 made by GECC to RMF on July 11, 1996, as evidenced by the Existing Aircraft Note, the liability for which loan the Borrower assumed (and from which liability RMF was released) pursuant to the Aircraft Loan Assumption Agreement.
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Examples of Aircraft Loan in a sentence

  • Lessee knowingly operates the Aircraft in a location or manner that violates the terms of an Aircraft Loan and Security Agreement as provided by the Lessor.

  • As of the Petition Date, not less than $25,258,333.33 was due and owing under the Aircraft Loan (inclusive of principal and accrued interest), plus certain fees and expenses, and reimbursement of that certain $140,767.00 protective advance made by Fortress on or about October 9, 2020 with respect to insurance of the Aircraft Collateral (the “Aircraft InsuranceAdvance”).

  • Furthermore, unless and until the Aircraft Loan has been indefeasibly satisfied and paid in full, the Fortress Replacement Liens shall remain enforceable and maintain their priority as provided by this Final DIP Order in any successor Chapter 7 case(s) or any subsequently filed bankruptcy case under any Chapter of the Bankruptcy Code regardless of whether such successor/subsequent cases are filed in this Court or any other bankruptcy court of competent jurisdiction.

  • The principal amount of all "Revolving Loans" anticipated to be outstanding on the Fourth Restatement Date with respect to each Related Aircraft is set forth on Schedule 1.1 annexed hereto and shown as the "Existing Aircraft Loan Extension Amount" for such Existing Aircraft and each such "Revolving Loan" shall be deemed to be an "Existing Aircraft Extended Loan" in such principal amount upon the satisfaction of the conditions set forth in subsection 3.1 and the effectiveness of this Agreement.

  • Each Loan made after the Fourth Restatement Date shall constitute a New Aircraft Loan and shall be made with respect to a Related Aircraft.

  • New Aircraft Loans made with respect to a Related Aircraft may be made through but excluding the third anniversary of the first New Aircraft Loan made with respect to such Related Aircraft; provided, however, that no New Aircraft Loans may be made on or after the Revolving Loan Commitment Termination Date.

  • Furthermore, unless and until the Aircraft Loan has been indefeasibly satisfied and paid in full, the Fortress Replacement Liens shall remain enforceable and maintain their priority as provided by this Interim Order in any successor Chapter 7 case(s) or any subsequently filed bankruptcy case under any Chapter of the Bankruptcy Code regardless of whether such successor/subsequent cases are filed in this Court or any other bankruptcy court of competent jurisdiction.

  • During such period, the Buyer will not provide any information relating to the Managed Financial Assets to any other Textron Entity or in any way facilitate or encourage any such Textron Entity to induce (or seek to induce) any such Person to refinance or otherwise replace such an Aircraft Loan.

  • This instrument is intended to create cross-default and cross-security between and among all the Accounts under the Master Agreement now owned or hereafter acquired by you and the Aircraft Loan.

  • Further, except as hereinafter provided, it is agreed that you are to retain your security interest in all Collateral covered by all Accounts held or acquired by you under the Master Agreement and the Aircraft Loan, as security for payment and performance under each such Account and the Aircraft Loan, notwithstanding the fact that one or more of such Accounts may become fully paid.


More Definitions of Aircraft Loan

Aircraft Loan is added to Article 1.0 of the Agreement to read as follows:
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Aircraft Loan as defined in Section 6.01(p).
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Related to Aircraft Loan

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • aircraft type means all aircraft of the same basic design including all modifications thereto except those modifications which result in a change in handling or flight characteristics;

  • 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 Loan shall have the meaning set forth in the recitals hereto.

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Aircraft Documents means all flight records, maintenance records, historical records, modification records, overhaul records, manuals, logbooks, authorizations, drawings and data relating to the Airframe, any Engine, or any Part, or that are required by Applicable Law to be created or maintained with respect to the maintenance and/or operation of the Aircraft.

  • Equipment Advance is defined in Section 2.1.1.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Aircraft Purchase Agreement Has the meaning specified in the NPA.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Original Loan Documents means the "Loan Documents" as defined in the Original Credit Agreement.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Initial Loan is defined in Section 2.1.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Term Loan has the meaning specified in Section 2.01(b).