Future Pledged Aircraft definition

Future Pledged Aircraft means each and every aircraft acquired by any of the Pledgors after the date of this Agreement, that are not encumbered in accordance with any Permitted Lien (or that cease to be), in each case, with everything that in fact and by right corresponds thereto, including, without limitation, the airframe, the engines, any propeller, application, accessories, parachutes, instruments, navigation and/or communication devices, modules, furniture, components, parts or any other equipment of any kind or nature that may be used or installed or incorporated and/or that in the future may be used or installed or incorporated in the aircraft and/or their engines, including all manuals and records with respect to the foregoing, as well as all and any compensation payable by any third party or any Government Authority in the event of compulsory acquisition or revocation of said aircraft, whether by acts of third parties or by acts of government and insurance proceeds; provided that, the constitution of the Security Interest on all and any Future Pledged Aircraft will be subject to the condition precedent that the corresponding Authorization is obtained from the SCT in each case.
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Examples of Future Pledged Aircraft in a sentence

  • For purposes of clarity, the Parties in this act agree and acknowledge that the constitution of the Security Interest on all and any Future Pledged Aircraft will be subject to the condition precedent that the corresponding SCT Authorization is obtained in each case.

Related to Future Pledged Aircraft

  • Collateral has the meaning set forth in Section 2.

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Write-Down and Conversion Powers means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

  • EU Bail-In Legislation Schedule means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

  • Equity Interests means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock).

  • Loan Documents means, collectively, this Agreement, any note or notes executed by Borrower, and any other document, instrument or agreement entered into in connection with this Agreement, all as amended or extended from time to time.

  • Permitted Liens means, with respect to any Person:

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Guarantee used as a verb has a corresponding meaning.

  • Benchmark Replacement means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Customer means the State agency or other entity identified in a contract as the party to receive commodities or contractual services pursuant to a contract or that orders commodities or contractual services via purchase order or other contractual instrument from the Contractor under the Contract. The “Customer” may also be the “Buyer” as defined in the PUR 1001 if it meets the definition of both terms.

  • Software means computer programs, whether in source code or object code form (including any and all software implementation of algorithms, models and methodologies), databases and compilations (including any and all data and collections of data), and all documentation (including user manuals and training materials) related to the foregoing.

  • SOFR means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

  • Prospectus means the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

  • GCC means the General Conditions of Contract.

  • Facility means the entire operation located on the property where the Equipment is located;

  • Event of Default has the meaning specified in Section 8.01.

  • Supplier means the successful bidder who is awarded the contract to maintain and administer the required and specified service(s) to the State.

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Loan or a Swing Line Loan.

  • Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Intellectual Property the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, technology, know-how and processes, and all rights to xxx at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom.

  • UCC means the Uniform Commercial Code as in effect from time to time in the State of New York.

  • Borrower as defined in the preamble hereto.

  • Goods means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.

  • Closing Date means the date on which the Closing occurs.