Aircraft Purchase Account definition

Aircraft Purchase Account has the meaning given to such term in Section 3.01(a) hereof.
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Aircraft Purchase Account shall have the meaning given such term in the Notes Indenture;
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Examples of Aircraft Purchase Account in a sentence

  • On each Payment Date prior to an Acquisition Date with respect to a Remaining Aircraft, the Cash Manager shall pay or shall direct the Operating Bank to pay to the relevant Seller an amount equal to the Rent Payment Reimbursement Amount for such Remaining Aircraft for the Rent Transfer Period ending immediately preceding such Payment Date, such payment to be made from the Investment Earnings in the Aircraft Purchase Account for such Remaining Aircraft accrued during such Rent Transfer Period.

  • As and to the extent provided in Section 3.04 hereof, an amount equal to the Aircraft Allocation Amount for each Remaining Aircraft acquired on the relevant Acquisition Date will be transferred from the Collections Account out of the proceeds of the ACS Group Loans and the Class E Securities to the Aircraft Purchase Account for such ACS Group Aircraft.

  • The Cash Manager shall establish and maintain the Aircraft Purchase Account in accordance with Section 3.01(h) of the Indenture.

  • The Security Trustee shall have sole dominion and control over the Aircraft Purchase Account and all investments made through and/or maintained in the Aircraft Purchase Account, including authority to direct withdrawals from or transfers among the Aircraft Purchase Account and each other Account.

  • The Issuer shall notify the Security Trustee and the Administrative Agent of the satisfaction or waiver (specifying which) of all conditions for the payment of the Aircraft Purchase Price of any Aircraft, and no amounts may be paid to the Sellers (with respect of the Initial Aircraft) or withdrawn or transferred from the Aircraft Purchase Account (with respect of Additional Aircraft), in either event as the Aircraft Purchase Price of any Aircraft until receipt of such notice as to such Aircraft.

  • The proceeds of each Loan made pursuant to the Term Loan Facility hereunder shall be used by the Applicable Borrower to (a) finance the payment of the Individual Aircraft Commitment Amount with respect to certain of the ACS Group Aircraft pursuant to the Purchase Agreements or (b) to fund each Aircraft Purchase Account in an amount equal to the Individual Aircraft Commitment Amount with respect to each other ACS Group Aircraft.

  • The Issuer shall give Written Notice to the Security Trustee and the Cash Manager of the satisfaction or waiver (specifying which) of all conditions for the payment of the Aircraft Purchase Price of any Additional Aircraft, and no amounts may be withdrawn or transferred from the Aircraft Purchase Account with respect to the Aircraft Purchase Price of such Additional Aircraft until receipt of such notice as to such Additional Aircraft.

  • In the event of any Required Expense Shortfall, Senior Hedge Payment Shortfall, Class A Interest Shortfall or Class B Interest Shortfall occurring on or prior to the Delivery Expiry Date, an amount equal to the aggregate of such shortfalls up to the remaining portion of the Hold-Back Amount shall be transferred from the applicable Aircraft Purchase Account to the Collections Account on or prior to the relevant Payment Date (and prior to any drawing on the Liquidity Facility).

  • Firstly, the higher interest earned in the 1998 period was due primarily to a larger cash balance held on deposit in the Aircraft Purchase Account to fund the acquisition of two aircraft that had not yet been delivered.

  • If, at any time such account is required to be maintained by the Issuer, the Aircraft Purchase Account ceases to be an Eligible Account, the Cash Manager or an agent thereof shall, within 10 Business Days, establish a new deposit account meeting the conditions set forth in this Section 3.01(h) and transfer any cash or investments in the existing Aircraft Purchase Account to such new deposit account; and from the date such new deposit account is established, it shall be the "Aircraft Purchase Account".

Related to Aircraft Purchase Account

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Initial Account means, as of the Cut-Off Date, an Eligible Credit Card Account that satisfies the Account Eligibility Criteria and is listed on the computer file delivered to the Custodian on July 27, 2020 pursuant to the Pooling and Servicing Agreement.

  • Note Account As defined in the Indenture.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement.

  • Collection Accounts As defined in Section 3.10(a).

  • Principal Collection Account means a segregated, non-interest bearing securities account (within the meaning of Section 8-501 of the UCC) number 172148-202, which is created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties, which is established and maintained pursuant to Section 8.1(a).

  • New Account means each charge account established pursuant to an Account Agreement between Centurion and any Person, which account is designated pursuant to Subsection 2.03(a) to be included as an Account and identified on an Account Schedule delivered pursuant to Sections 2.01 and 2.03.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.