Individual Aircraft definition
Individual Aircraft means an aircraft, of whatever type, with a distinct registration number (“N number” if such registration is issued by the United States Government).
Examples of Individual Aircraft in a sentence
The proceeds of each Loan made pursuant to the Term Loan Facility hereunder shall be used by the Applicable Borrower to (a) finance the payment of the Individual Aircraft Commitment Amount with respect to certain of the ACS Group Aircraft pursuant to the Purchase Agreements or (b) to fund each Aircraft Purchase Account in an amount equal to the Individual Aircraft Commitment Amount with respect to each other ACS Group Aircraft.