Engine Collateral definition

Engine Collateral is defined in Section 2.01 of the Mortgage.
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Engine Collateral means all of the Engines and such other items as are included within the definition of “Collateral” in the Engine Mortgage.
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Engine Collateral has the meaning set forth in the FAA Mortgage.
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Examples of Engine Collateral in a sentence

  • Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Whole Aircraft, Whole Engines and Parts that are identified by Borrowers as an Eligible Whole Aircraft Collateral, Eligible Whole Engine Collateral or Eligible Part, respectively, in a Borrowing Base Certificate submitted to Agent, and the book value thereof.

  • All of such assets are free and clear of Liens except for (i) in the case of Eligible Whole Aircraft Collateral and Eligible Whole Engine Collateral, Specified Permitted Liens, and (ii) otherwise, Permitted Liens.

  • The amount of any Reserve established by Agent, and any changes to the eligibility criteria set forth in the definitions of Eligible Accounts, Eligible Whole Aircraft Collateral, Eligible Whole Engine Collateral or Eligible Parts shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such reserve or change in eligibility and shall not be duplicative of any other reserve established and currently maintained or eligibility criteria.

  • In the CACIB Adequate Protection Stipulation, the Debtors agreed, among other things, to provide certain adequate protection in exchange for CACIB and the CACIB Spare Engine Lenders’ agreement not to seek other or further adequate protection or relief from the automatic stay with respect to the Spare Engine Collateral.

  • Washington established a Crisis Response Improvement Strategy Committee and Steering Committee to help support the State’s “integrated behavioral health crisis response and suicide prevention system.” See H.B. 1477, 67th Leg., Reg.

  • The Trustee or any other Secured Party shall be entitled to bid for and become the purchaser of any Spare Engine Collateral offered for sale pursuant to this Section 4.01 and to credit against the purchase price bid at such sale by such Secured Parties all or any part of the Obligations owed to such Person.

  • For all purposes hereof, upon the attachment of the Lien of this Spare Engine Security Agreement thereto, such Additional Spare Engine shall become part of the Spare Engine Collateral, and each engine constituting part of the Additional Spare Engine shall be deemed a “Spare Engine” as defined herein.

  • No holder of any Obligation shall have legal title to any part of the Spare Engine Collateral.

  • Unless otherwise specifically provided and subject to Section 12.14 of the Trust Indenture, an Independent Appraiser's Certificate shall be sufficient evidence of the Appraised Value and Fair Market Value, or, in the case of any Pledged Engine Collateral, the Adjusted Fair Market Value, of any property under this Agreement.

  • For all purposes hereof, upon the attachment of the Lien of this Spare Engine Security Agreement thereto, the Replacement Spare Engine shall become part of the Spare Engine Collateral and shall be deemed an “Engine” as defined herein.


More Definitions of Engine Collateral

Engine Collateral means the engines listed on Schedule 3 hereto (and any replacements thereto pursuant to the terms of the Mortgage).
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Related to Engine Collateral

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • UCC Collateral is defined in Section 3.03.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Hedge Collateral Defined in Section 5.3(b).

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.