Pledged Aircraft definition

Pledged Aircraft means, as of any date, the Eligible Aircraft included in the Collateral as of such date.

Pledged Aircraft means the joint reference to Existing Pledged Aircraft and Future Pledged Aircraft.

Pledged Aircraft means each Aircraft in which the Security Agreement creates, or purports to create, a security interest.

Examples of Pledged Aircraft in a sentence

• Within ten (10) days after the occurrence of an Event of Loss with respect to a Pledged Aircraft, Borrower shall notify the Administrative Agent and Lenders in writing of such Event of Loss, which notice shall state the Current Market Value of the affected Pledged Aircraft and certify that Borrower has filed a casualty insurance claim with respect to such Event of Loss.

• In each case, upon receipt of Net Proceeds from any such Casualty (with respect to Pledged Aircraft), sale or disposition, the Borrower shall deposit or shall cause to be deposited such Net Proceeds into an account with one of the Lenders subject to a control agreement on terms and condition reasonably acceptable to the Administrative Agent.

• The Borrower will not, and will not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Lien to secure Indebtedness on the engines or rotors installed on any Pledged Aircraft other than in favor of the Administrative Agent.

• Immediately upon the occurrence of an Event of Loss with respect to any Pledged Aircraft, the Current Market Value of the Aircraft Collateral shall immediately be reduced by the Current Market Value of the Pledged Aircraft that was subject to such Event of Loss.

• Except as otherwise provided in Section 6.15(h), the Current Market Value of a Pledged Aircraft as set forth in the Qualified Appraisal associated with a Collateral Review Date or a substitution of Pledged Aircraft shall remain in effect until the Qualified Appraisal associated with the earlier of the next Collateral Review Date or the next request for a substitution of Pledged Aircraft.

More Definitions of Pledged Aircraft

Pledged Aircraft means, as of any date, the Aircraft included in the DIP Collateralas of such date.

Pledged Aircraft means, collectively, the Pledged Aircraft and Aircraft-Related Collateral as each such term is defined in the applicable Aircraft Security Agreement (as amended, supplemented, restated or otherwise modified from time to time).

Pledged Aircraft means those aircraft frames and aircraft equipment in which a security interest has been granted by the Borrower or any Loan Party to the Administrative Agent for the benefit of the Secured Parties pursuant to an Aircraft Security Agreement.

Pledged Aircraft has the meaning given to the term “Aircraft” in the C Mortgage; provided that, in order for such “Aircraft” to be a “Pledged Aircraft”, it must be of a Qualified Aircraft Type.

Pledged Aircraft. (i) as of the Issue Date and at any time prior to the Applicable Post-Closing Aircraft Liens Perfection Date, means those airframes and associated engines described as the initial Pledged Aircraft in the Offering Memorandum, subject only to Aircraft Substitutions, and (ii) at any date of determination thereafter shall have the meaning(s) given to such term(s) in the aircraft security agreements or supplements thereto that constitute Security Documents as of such date.

Pledged Aircraft means, as of any date, the Section 1110 Eligible Aircraft included in the Collateral as of such date.

Pledged Aircraft means, collectively, the Pledged Aircraft and Aircraft-Related Collateral as each such term is defined in the applicable Aircraft Security Agreement (as amended, supplemented, restated or otherwise modified from time to time).”