Examples of Aircraft Mortgages in a sentence
The Loan Agent and the Initial Lender hereby appoint U.S. Bank National Association as Indenture Trustee under the Aircraft Mortgages.
Depending on the maximum take-off weight of the aircraft, businesses could benefit from a reduction in the fee to register their interest on the International Registry compared with the UK’s National Register of Aircraft Mortgages.
Borrower shall provide an updated Aircraft Collateral Certificate together with any other information, documentation (including Aircraft Mortgages and supplements thereto), financing statements, appraisals, certificates and legal opinions as may be necessary or advisable, in the Permitted Discretion of Agent, to vest in the Agent, a perfected security interest, subject only to Permitted Encumbrances, in such additional Aircraft Collateral and to verify the NOLV of such additional Aircraft Collateral.
However in order to fully identify registered interests in aircraft objects, businesses are likely to need to search the CAA’s UK Register of Aircraft Mortgages, which incurs a charge of £29 per search, in addition to searches with the International Registry.
These are costs businesses are likely to incur irrespective of this decision as they routinely check the CAA’s National Register of Aircraft Mortgages to understand who else may have an interest over an asset and so are not additional costs.