Excluded Aircraft definition

Excluded Aircraft means any currently owned or after-acquired aircraft that neither Holdings nor any Guarantor is required to pledge nor opts to pledge under the terms of this Agreement (including any such aircraft released from the Administrative Agent’s Lien in accordance with the Loan Documents) and all fixed-wing aircraft. For the avoidance of doubt, Aircraft Collateral and Aircraft-Related Collateral shall not constitute Excluded Aircraft.

Excluded Aircraft means each of the aircraft identified in Schedule 7 hereto.

Excluded Aircraft means any Aircraft constituting BULL Lombard Collateral, PK Collateral or Section 1110 Collateral (in each case of the foregoing, subject to Section 2.22(a)(iv)), fixed wing aircraft, any aircraft hereafter acquired with insurance proceeds to replace aircraft pledged under the Existing Credit Facilities or leased, which aircraft was subject to a casualty loss, any after-acquired aircraft substituted under any Existing Financings as required thereunder, any after-acquired aircraft needed by a Loan Party to substitute for other pledged aircraft under any Existing Financings in connection with a reposition of the aircraft permitted under the agreements governing such Existing Financings as long as the aircraft released therefrom is pledged hereunder, and the aircraft set forth on Schedule 3.1. For the avoidance of doubt, Aircraft Collateral and Aircraft-Related Collateral shall not include Excluded Aircraft.

Examples of Excluded Aircraft in a sentence

• Parts not installed, from time to time on an Aircraft, Airframe or Engine, any Excluded Aircraft, Excluded Airframe, Excluded Engines or Non-Owned Equipment shall become “Spare Parts” hereunder and, unless the same shall be become scrapped or beyond economic repair, Spare Parts shall be maintained, inspected and repaired by the Debtors in order to maintain their respective utility for installation on Aircraft, Engines, Excluded Aircraft, Excluded Airframes, Excluded Engines or any Non-Owned Equipment.

• Upon installation of any Spare Part on any Excluded Aircraft, Excluded Airframes, Excluded Engine and/or on any Non-Owned Equipment, or the sale of such Spare Part permitted pursuant to the terms of the Credit Agreement, such Spare Part, without further action on the part of Collateral Agent, shall be free and clear of all rights of Collateral Agent and of the Lien of this Agreement and shall no longer be deemed a Spare Part hereunder.

• For purposes of the Agreement, the First Additional Aircraft shall no longer be deemed Committed Aircraft, Option Aircraft, Repositioned Aircraft or Excluded Aircraft.

• Any and all property described or ----------------------- referred to in the GRANTING CLAUSE hereof which is hereafter acquired, or which previously constituted an Excluded Aircraft or Other Excluded Collateral, shall ipso facto and without any further conveyance, assignment or act on the part of ---- ----- the Debtor or the Secured Party, become and be subject to the security interest herein granted as fully and completely as though specifically described herein.

• For purposes of this Agreement, a "Reverse Codeshare Agreement" is an agreement pursuant to which Chautauqua operates Excluded Aircraft under the designator code of another carrier or under Chautauqua's RP designator code and the other party to an Existing Codeshare Agreement or a Permitted Codeshare Amendment remains obligated to compensate Chautauqua with respect to flights operated under such designator code.

More Definitions of Excluded Aircraft

Excluded Aircraft means (i) all fixed-wing aircraft, (ii) all U.K. SAR Aircraft on the Issue Date, (iii) aircraft used in the performance of search and rescue services under one or more governmental contracts and (iv) aircraft acquired after the Issue Date.

Excluded Aircraft means all aircraft other than B-717 and B-737s.

Excluded Aircraft means and include all right, title, interest, claims and demands of the Debtor in, to and under (i) that certain Trust Agreement dated as of October 4, 1988 between Borrower, as trustor and beneficiary, and Meridian Trust Company, as owner trustee, as amended, supplemented and assigned to date, and the assets constituting the trust estate thereunder, including, without limitation, (A) the Boeing 737-3G7 aircraft bearing U.S. Registration No. N305AW and the engines, parts, components, and records relating thereto (collectively, "Aircraft N305AW"), and (B) any and all leases of Aircraft N305AW and other contractual arrangements (including tax indemnification agreements) pertaining to Debtor's right, title and interest in Aircraft N305AW, (ii) that certain Trust Agreement 841 dated as of August 25, 1987 between Borrower, as trustor and beneficiary, and Wilmington Trust Company, as owner trustee, as amended, supplemented and assigned to date, and the assets constituting the trust estate thereunder, including, without limitation, (A) the DC-9-82 aircraft bearing X.X. Xxxxxxxxxxxx Xx. X00000 and manufacturer's serial number 49581 and the engines, parts, components and records relating thereto (collectively, "Aircraft N15841"), and (B) any and all leases of Aircraft N315841 and other contractual arrangements (including tax indemnification agreements) pertaining to Debtor's right, title and interest in Aircraft N15841, (iii) that certain Trust Agreement 353 dated as of November 19, 1987 between Borrower, as trustor and beneficiary, and First Security Bank, National Association (as successor to Meridian Trust Company), as owner trustee, as amended, supplemented and assigned to date, and the assets constituting the trust estate thereunder, including, without limitation, (A) the Boeing 737-3TO aircraft bearing X.X. Xxxxxxxxxxxx Xx. X00000 and manufacturer's serial number 23591 and the engines, parts, components and records relating thereto (collectively, "Aircraft N70353"), and (B) any and all leases of Aircraft N70353 and other contractual arrangements (including tax indemnification agreements) pertaining to Debtor's right, title and interest in Aircraft N70353, and (iv) that certain Trust Agreement dated as of April 1, 1986 between Debtor, as successor in interest to North American Aircraft Finance Corporation, as trustor and

Excluded Aircraft means any aircraft, engines or parts or components relating thereto or installed therein which are acquired with the proceeds of Permitted Indebtedness and secured by a Lien referenced in Section 6.15(viii) of the Credit Agreement.

Excluded Aircraft means any currently owned (including those set forth on Schedule 3.1) or after-acquired aircraft that neither Holdings nor any Guarantorother Loan Party is required to pledge nor opts to pledge under the terms of this Agreement (including any such aircraft released from the Administrative Agent’s Lien in accordance with the Loan Documents), all Airbus H225/Eurocopter EC225 helicopters and all fixed-wing aircraft. For the avoidance of doubt, Aircraft Collateral and Aircraft-Related Collateral shall not constituteinclude Excluded Aircraft.

Excluded Aircraft means the Aircraft identified in Schedule 3 hereto and any Aircraft which is financed or refinanced pursuant to Section 6.01(a), (d), (g) or (l) of the Credit Agreement so long as such Aircraft remains subject to a Lien permitted pursuant to Section 6.02(a), (c), (i), or (n) of the Credit Agreement, together with any Non-Owned Equipment.

Excluded Aircraft means any Acquired Aircraft with respect to which this Agreement is terminated by Buyer in accordance with Section 8.1(c).