Examples of Legacy Notes in a sentence
If any event of default occurs, any amount then outstanding under the indentures may immediately become due and payable.Upon consummation of the ILFC Transaction, AerCap Trust became the successor issuer under the ILFC Legacy Notes indentures.
In addition, AerCap Holdings N.V. and certain of its subsidiaries became guarantors of the ILFC Legacy Notes.
As a result, the Legacy Notes are structurally subordinated to all indebtedness and other liabilities of iHC’s subsidiaries.
No Party shall have any responsibility for the transfer, sale, purchase, or other disposition of securities by any other entity (other than any beneficial owner with respect to which it has investment or voting discretion over such security), including with respect to the Priority Guaranteed Notes or Legacy Notes, by virtue of this Agreement.
The Legacy Notes are senior, unsecured obligations that are subordinated to iHC’s secured indebtedness to the extent of the value of iHC’s assets securing such indebtedness and are not guaranteed by any of iHC’s subsidiaries.