Note Target Price definition

Note Target Price means, for any Equipment Note issued under any Indenture, (i) the aggregate outstanding principal amount of such Equipment Note, plus (ii) the accrued and unpaid interest thereon, together with all other sums owing on or in respect of such Equipment Note under such Indenture (including, without limitation, enforcement costs incurred by the Subordination Agent in respect of such Equipment Note).

Note Target Price means, for any Equipment Note issued under any Indenture: (i) the aggregate outstanding principal amount of such Equipment Note, plus (ii) the accrued and unpaid interest thereon, together with all other sums owing on or in respect of such Equipment Note (including, without limitation, enforcement costs incurred by the Subordination Agent in respect of such Equipment Note). (Intercreditor Agreement, Section 1.01)

Note Target Price means, in respect of any Aircraft, an amount equal to 103% of the aggregate Outstanding Principal Balance of the Notes, together with any accrued but unpaid interest thereon and any related Swap Breakage Costs, allocable to such Aircraft on the date of the sale agreement or Purchase Option granting date, as the case may be. On any date, the Outstanding Principal Balance of Notes allocable to an Aircraft shall equal the product of (i) (A) the Adjusted Base Value of such Aircraft divided by (B) the Adjusted Portfolio Value and (ii) the aggregate Outstanding Principal Balance of Notes, in each case on the most recent Payment Date.

Examples of Note Target Price in a sentence

• The "Note Target Price" means, in respect of any Aircraft, an amount equal to 103% of the aggregate Outstanding Principal Balance of the Notes, together with any accrued but unpaid interest thereon and any related Swap Breakage Costs, allocable to such Aircraft on the date of the sale agreement or Purchase Option granting date, as the case may be.

• The Deed of Charge also provides that, subject to the pre-emption rights of Class D and Class E Noteholders, to the extent the Trust Note Sales Goals are not complied with prior to December 27, 2004, the Company is required to accept any Sale Offer (as defined in the Deed of Charge) for the sale of an aircraft if the proposed sale price is at least equal to the Class C Note Target Price.

• The Proposed Amendments would replace the references to Note Target Price as the required minimum level of hull insurance and PRI with a requirement for coverage at least equal to the most recent appraised Base Value of each Aircraft.

• Accordingly, the requirement in Section 5.03(h) of each Indenture that we maintain hull insurance and PRI for each Aircraft in an amount at least equal to the Note Target Price for such Aircraft results in a level of coverage which bears no reasonable relationship to the value of the Aircraft and makes the purchase of coverage in excess of lease agreed values unnecessarily expensive for us since lessees are unwilling to pay premiums for insurance at levels in excess of market.

• We believe that the gap between Note Target Price and market value is likely to continue to widen given the sharp decline in the market value of our portfolio relative to the rate at which we are able to pay down the Subclass A- 8 and A-9 Notes and Certificates.

More Definitions of Note Target Price

Note Target Price has the meaning given to such term in Section 5.02(g) hereof.

Note Target Price has the meaning assigned to such term in Section 5.02(g) of the Indenture.

Note Target Price means, in respect of any Aircraft (not including any Aircraft acquired by way of a contribution), an amount equal to the product of (i) the Designated Percentage with respect to such Aircraft and (ii) the sum of (A) the then Outstanding Principal Balance of the ACS Group Class A Securities, (B) any accrued but unpaid interest on the ACS Group Class A Securities, (C) any related Hedge Breakage Costs, (D) any Policy Premium and Policy Expenses then due and payable to the Policy Provider and (E) any Credit Facility Expenses then due and payable to the Initial Credit Facility Provider.

Note Target Price means, in respect of any Aircraft, an amount equal to 103% of the aggregate Outstanding Principal Balance of the MSAF Group Notes, together with any accrued but unpaid interest thereon and any related Swap Breakage Costs, allocable to such Aircraft on the date of the sale agreement or purchase option granting date, as the case may be. On any date, the Outstanding Principal Balance of MSAF Group Notes allocable to an Aircraft shall equal the product of (i) (A) the Adjusted Base Value of such Aircraft divided by (B) the Adjusted Portfolio Value and (ii) the aggregate Outstanding Principal Balance of MSAF Group Notes, in each case on the most recent Payment Date.

Note Target Price means, in respect of any Aircraft, an amount equal to 103% of the aggregate Outstanding Principal Balance of Class A, Class B, Class C and Class D Notes, together with any accrued but unpaid interest thereon and any related Swap Breakage Costs, allocable to such Aircraft on the date of the sale agreement or purchase option date, as the case may be. On any date, the Outstanding Principal Balance of Class A, Class B, Class C and Class D Notes allocable to an Aircraft will equal the product of (i) (A) the Adjusted Base Value of such Aircraft divided by (B) the Adjusted Portfolio Value and (ii) the aggregate Outstanding Principal Balance of the Class A, Class B, Class C and Class D Notes, in each case on the most recent Payment Date. 107

Note Target Price means, as of any date of determination thereof and with respect to any Aircraft (not including any Aircraft acquired by way of a contribution, the Note Target Price for which shall be zero), an amount equal to 107% of the aggregate Outstanding Principal Balance of the Initial Notes, together with any accrued but unpaid interest thereon and any related Hedge Breakage Costs and any Policy Premium then due and payable to the Policy Provider, allocable in each case to such Aircraft on the date of the sale agreement or Purchase Option exercise date, as the case may be. On any date, the Outstanding Principal Balance of the Initial Notes and Policy Premium (each an “Allocable Amount”) allocable to an Aircraft shall equal the product of (i) (A) the Assumed Base Value of such Aircraft divided by (B) the Assumed Portfolio Value and (ii) such Allocable Amount, in each case on the most recent Payment Date.

Note Target Price means, as of any date of determination thereof and with respect to any Aircraft, an amount equal to the sum of (1) the product of (A) the Designated Percentage with respect to such Aircraft and (B) the sum of (i) 110% of the aggregate Outstanding Principal Balance of the Class A Notes plus (ii) any accrued but unpaid interest on such Outstanding Principal Balance, plus (iii) any Credit Facility Expenses then due and payable to the Initial Primary Liquidity Facility Provider plus (2) any related Hedge Breakage Costs minus (3) any related Hedge Breakage Gain.