Cape Town Filing definition
Examples of Cape Town Filing in a sentence
Such Grantor agrees that in connection with any Cape Town Filing on Unencumbered aircraft that is registered in a jurisdiction other than the United States in accordance with Section 5.13 of the Credit Agreement, it shall deliver to the Collateral Agent, a supplement to Schedule 9 containing a description of the applicable airframe and engines by manufacturer, model and serial number, in form and substance reasonably satisfactory to the Collateral Agent.
Upon satisfaction of the Post-Closing Collateral Procedures, the book value of aircraft registered in any jurisdiction outside of the United States subject to a First Priority Cape Town Filing, together with all other Collateral subject to a First Priority Lien, shall be at least $30,500,000,000.