Aircraft Obligations definition
Aircraft Obligations means all amounts owing by the Lessee or any of its Subsidiaries pursuant to the Amended Aircraft Credit Facility immediately prior to giving effect to the third amendment and restatement thereof on the date hereof and relating to the Aircraft and Spare Engines being contributed to the Lessor pursuant to the Transaction.
Aircraft Obligations means the obligations relating to or arising out of that certain Promissory Note (Loan #700-0190163-001) in favor of Valley Commercial Capital, LLC in the original principal amount of $2,284,530.00 and signed on October 16, 2008.
Aircraft Obligations means all amounts owing by Atlas or any of its Subsidiaries pursuant to the Amended Aircraft Credit Facility immediately prior to giving effect to the third amendment and restatement thereof on the date hereof and relating to the Aircraft and Spare Engines being contributed to the Borrower pursuant to the Transaction.
Examples of Aircraft Obligations in a sentence
During the period commencing on the Closing Date and ending on the one-year anniversary of the Closing Date, the Company shall repay in full or refinance the Aircraft Obligations or, to the extent the Aircraft Obligations are not repaid or refinanced during such period, procure a release of ▇▇▇▇▇▇▇▇▇ from his guaranty of the Aircraft Obligations.