Aircraft Note definition

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Aircraft Note means that certain promissory note, dated as of March 30, 2007, issued by World Travel, LLC in favor of Wynn Las Vegas in an aggregate principal amount of $42.0 million.

Aircraft Note. (i) that certain promissory note dated October , 2002 in an aggregate principal amount of $[ ] issued by World Travel in favor of the Borrower or (ii) after the Disposition of the Existing Aircraft in accordance with Section 7.5(o), a replacement note in substantially the form of the note described in clause (i) of this definition issued by World Travel in favor of the Borrower in an amount not greater than the sum of (x) the principal amount of Indebtedness outstanding under the note described in clause (i) of this definition at the time of the Disposition of the Existing Aircraft and (y) the amount of Indebtedness incurred pursuant to the proviso of Section 7.2(f)(ii).

Examples of Aircraft Note in a sentence

The Borrower hereby ratifies and confirms its indebtedness under the Existing Aircraft Note and the Existing GECC Note, as modified, amended and restated by the Amended Aircraft Note and the Amended GECC Note, respectively.
None of the parties hereto intends that anything in this Agreement, the Amended Aircraft Note, the Amended GECC Note or any such other amendment shall be construed as a novation, and none of such instruments and agreements shall effect a novation.
This Aircraft Note is an amendment and restatement of the Aircraft Note dated ________________________, 1995, and not a novation.
The Existing Aircraft Note, all prior amendments and supplements thereto and modifications thereof, if any, and the Amended Aircraft Note shall be construed together as a single instrument.
Subject to the provisions of the Agreement, the principal of this Aircraft Note may be prepaid in whole at any time or in part from time to time in any amount, provided that each partial prepayment shall be applied to the principal installments in the inverse order of their respective maturities.
Except as expressly modified and amended by or pursuant to this Agreement, the Amended Aircraft Note, the Amended GECC Note or any other amendment of any existing Loan Document made pursuant to the provisions of this Agreement, all of the agreements and instruments so modified and amended by or pursuant thereto shall be and continue in full force and effect.
Interest on the unpaid principal balance hereunder at the rates of interest determined in accordance with the Loan Agreement referred to in Section 1 hereof shall be due and payable quarterly on the last day of each March, June, September, and December commencing on the last day of the quarter in which this Aircraft Note is executed and delivered by the undersigned to the Lender.
Schedule 1 to the Promissory Note, entitled Aircraft Note Payment and Amortization Schedule, is hereby amended by deleting the last three (3) payments, that is, the payments designated as Payment # “55”, “56” and “Balloon” thereon, and inserting in lieu thereof the three (3) payments contained on Exhibit A, which is attached to this Amendment.
Schedule 1 to the Promissory Note, entitled Aircraft Note Payment and Amortization Schedule, is hereby amended by deleting the last payment, or 54th payment, thereon and inserting in lieu thereof the four (4) payments contained on Exhibit A, which is attached to this Amendment.
SECTION 1.4. The Agent and the Lenders agree to waive Section 7.03 of the Credit Agreement as it applies to each of the Aircraft Loan Agreement and the Aircraft Note; provided, however, that Jitney Jungle hereby agrees to deliver all proceeds from the Aircraft Loan to the Agent.

More Definitions of Aircraft Note

Aircraft Note means that certain promissory note, dated as of October 30, 2002, issued by World Travel, LLC in favor of Wynn Las Vegas in an aggregate principal amount of $38.0 million.

Aircraft Note means that certain promissory note, dated as of March 30, 2007, issued by World Travel, LLC in favor of ▇▇▇▇ Las Vegas in an aggregate original principal amount of $42.0 million. “Allocable Overhead” shall mean, at any time with respect to each Qualifying Project, an amount equal to (1) the amount of corporate or other organizational overhead expenses of, and actually incurred by, Wynn Resorts and its Subsidiaries calculated in good faith on a consolidated basis, after the elimination of intercompany transactions, in accordance with GAAP, divided by (2) the number of Qualifying Projects. However, amounts allocated to any Qualifying Project shall be prorated based on the period within such period that such Qualifying Project was in operation or financing therefor was obtained. With respect to any amounts payable pursuant to any agreements entered into by and among Wynn Resorts, any of its Subsidiaries and/or any of their respective Affiliates, any payment in respect of Allocable Overhead shall not include any fee, profit or similar component and shall represent only the payment or reimbursement of actual costs and expenses. “Alternate Base Rate” shall mean for any day, the greatest of (i) the rate of interest in effect for such day as publicly announced from time to time by the Administrative Agent as its “prime rate,” (ii) the Federal Funds Rate plus 0.50% per annum and (iii) the LIBO Rate for an Interest Period of one (1) month beginning on such day (or if such day is not a Business Day, on the immediately preceding Business Day) plus 100 basis points. The “prime rate” is a rate set by the Administrative Agent based upon various factors including the Administrative Agent’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate announced by the Administrative Agent shall take effect at the opening of business on the day specified in the public announcement of such change. “Alternate Currency” shall mean Canadian Dollars, Euro, Pound Sterling and any other lawful currency reasonably acceptable to the applicable L/C Lender. “Alternative Currency Equivalent” shall mean, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternate Currency as determined by the Administrative Agent or the applicable L/C Lender, as the case may be, at such...