Applied Downgrade Advance definition

Applied Downgrade Advance has the meaning assigned to such term in Section 2.06(a).

Applied Downgrade Advance has the meaning specified in Section 2.06(a).

Applied Downgrade Advance. , "Applied Non-Extension Advance", "Cash Collateral Account", "Downgrade Advance", "Final Advance", "Investment Earnings", "Non-Extension Advance" and "Unpaid Advance" shall have the meanings specified in each Liquidity Facility or the Intercreditor Agreement referred to therein. The Equipment Notes shall be executed on behalf of the Owner Trustee by its President or one of its Vice Presidents, Assistant Vice Presidents or Assistant Secretaries or other authorized officer. Equipment Notes bearing the signatures of individuals who were at any time the proper officers of the Owner Trustee shall bind the Owner Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Equipment Notes or did not hold such offices at the respective dates of such Equipment Notes. The Owner Trustee may from time to time execute and deliver Equipment Notes with respect to the Aircraft to the Mortgagee for authentication upon original issue and such Equipment Notes shall thereupon be authenticated and delivered by the Mortgagee upon the written request of the Owner Trustee signed by a Vice President or Assistant Vice President or other authorized officer of the Owner Trustee; PROVIDED, HOWEVER, that each such request shall specify the aggregate Original Amount of all Equipment Notes to be authenticated hereunder on original issue with respect to the Aircraft. No Equipment Note shall be secured by or entitled to any benefit under this Trust Indenture or be valid or obligatory for any purposes, unless there appears on such Equipment Note a certificate of authentication in the form provided for herein executed by the Mortgagee by the manual signature of one of its authorized officers and such certificate upon any Equipment Notes be conclusive evidence, and the only evidence, that such Equipment Note has been duly authenticated and delivered hereunder. The aggregate Original Amount of the Equipment Notes issued hereunder shall not exceed [__]% of Lessor's Cost.

Examples of Applied Downgrade Advance in a sentence

• The Borrower and the Liquidity Provider agree that the repayment in full of each Interest Advance and the Final Advance on the date such Interest Advance or the Final Advance is made and each Applied Downgrade Advance on the date it becomes an Applied Downgrade Advance is intended to be a contemporaneous exchange for new value given to the Borrower by the Liquidity Provider.

• For purposes of this Section 6(b), the terms "Applied Downgrade Advance", "Applied Non-Extension Advance", "Downgrade Advance", "Investment Earnings" and "Non-Extension Advance" shall have the meanings specified in each Liquidity Facility.

• For purposes of this Section 6(b), the terms "Applied Downgrade Advance", "Applied Non-Extension Advance", "Applied Special Termination Advance", "Downgrade Advance", "Investment Earnings", "Non-Extension Advance" and "Special Termination Advance" shall have the meanings specified in each Liquidity Facility.

• In addition, the Borrower shall pay, or shall cause to be paid, to the Liquidity Provider, a fee equal to 0.35% per annum on the unpaid principal amount of each Downgrade Advance or Non-Extension Advance (other than an Applied Downgrade Advance or an Applied Non-Extension Advance) from and including the date of such Advance to but excluding the date such principal amount shall be paid in full.

• In addition, the Borrower shall pay, or shall cause to be paid, to the Liquidity Provider, a fee equal to 0.30% per annum on the unpaid principal amount of each Downgrade Advance or Non-Extension Advance (other than an Applied Downgrade Advance or an Applied Non-Extension Advance) from and including the date of such Advance to but excluding the date such principal amount shall be paid in full.

More Definitions of Applied Downgrade Advance

Applied Downgrade Advance has the meaning assigned to such term in Section 2.6(a).

Applied Downgrade Advance means any amount in respect of a Downgrade Advance withdrawn from the Class C Cash Collateral Account for the purpose of paying interest on the Class C 5 Certificates in accordance with Section 3.6(f) of the Intercreditor Agreement.

Applied Downgrade Advance. , "Downgrade Advance", "Investment Earnings", "Non-Extension Advance" and "Applied Non-Extension Advance" shall have the meanings specified in each Liquidity Facility.

Applied Downgrade Advance. , "Applied Non-Extension Advance", "Applied Provider Advance", "Cash Collateral Account", "Class", "Downgrade Advance", "Final Advance", "Investment Earnings", "Non-Extension Advance", "Replacement Primary Liquidity Facility" and "Unpaid Advance" shall have the meanings specified in each Primary Liquidity Facility or the Intercreditor Agreement.

Applied Downgrade Advance and (z) in the case of a Non-Extension Advance, an “Applied Non-Extension Advance” and, together with an Applied Downgrade Advance, an “Applied Provider Advance”) shall thereafter (subject to Section 2.06(b)) be treated as an Interest Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon and the dates on which such interest is payable; provided, further, however, that if, following the making of a Provider Advance, the Liquidity Provider delivers a Termination Notice to the Borrower pursuant to Section 6.01 hereof, such Provider Advance shall thereafter be converted to and treated as a Final Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon and the obligation for repayment thereof and treated as an Applied Downgrade Advance or Applied Non-Extension Advance, as the case may be, for the purposes of Section 2.6(c) of the Intercreditor Agreement. Subject to Sections 2.07 and 2.09 hereof, immediately upon the withdrawal of any amounts from the Class B Cash Collateral Account on account of a reduction in the Required Amount, the Borrower shall repay to the Liquidity Provider a portion of the Provider Advances in a principal amount equal to the amount of such reduction, plus interest on the principal amount prepaid as provided in Section 3.07 hereof.

Applied Downgrade Advance with respect to any Liquidity Facility, has the meaning specified in such Liquidity Facility.

Applied Downgrade Advance has the meaning specified in Section ------------------------- ------- 2.06(a). -------