Prefunded Aircraft definition

Prefunded Aircraft has the meaning set forth in the recitals hereof.
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Prefunded Aircraft. Means the six Aircraft which are expected to be sold to the Owner Trustee during the period from October 1997 to May 1998.
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Prefunded Aircraft means each New Aircraft (or any Substitute Aircraft financed in lieu of an Eligible Aircraft pursuant to Section 1(h) of the Note Purchase Agreement) and, collectively, the New Aircraft (and, if applicable, the Substitute Aircraft financed in lieu of Eligible Aircraft pursuant to Section 1(h) of the Note Purchase Agreement, if any); provided that, to the extent any Substitute Aircraft is financed in lieu of an Eligible Aircraft pursuant to Section 1(h) of the Note Purchase Agreement, the number of the New Aircraft shall be reduced by the aggregate number of the Substitute Aircraft so financed.
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Examples of Prefunded Aircraft in a sentence

  • The provisions of this Section 3.02(b) supersede and replace the provisions of Section 2.02 of the Basic Agreement with respect to the Equipment Notes relating to the Prefunded Aircraft to be acquired by the Applicable Trust, and all provisions of the Basic Agreement relating to Postponed Notes and Section 2.02 of the Basic Agreement shall not apply to the Equipment Notes related to the Prefunded Aircraft to be acquired by the Applicable Trust.

  • The Company agrees that all Equipment Notes issued pursuant to any Indenture to which a Prefunded Aircraft shall have been subjected shall initially be registered in the name of the Subordination Agent on behalf of the applicable Pass Through Trustee.

  • The remaining proceeds of the Applicable Certificates in the amount of $236,675,404 shall be used to acquire on the date hereof the Equipment Notes described in Schedule I-B relating to all Aircraft other than Prefunded Aircraft.

  • The remaining proceeds of the Applicable Certificates in the amount of $125,162,577 shall be used to acquire on the date hereof the Equipment Notes described in Schedule I-B relating to all Aircraft other than Prefunded Aircraft.

  • If, on the Funding Date for any Prefunded Aircraft, the financing of such Prefunded Aircraft as contemplated hereunder shall not be consummated for whatever reason, the Company shall give the parties hereto and the Depositary prompt notice thereof.

  • Anything herein to the contrary notwithstanding, the Company shall not have the right, and shall not be entitled, at any time to request the issuance of Series A Equipment Notes in respect of the Prefunded Aircraft to the Class A Pass Through Trustee in an aggregate principal amount in excess of the amount of the Deposits then available for withdrawal by the Escrow Agent under and in accordance with the provisions of the Deposit Agreement.

  • The remaining proceeds of the Applicable Certificates in the amount of $228,503,639 shall be used to acquire on the date hereof the Equipment Notes described in Schedule II-B relating to all Aircraft other than Prefunded Aircraft.

  • The Company shall have no liability for the failure of any Pass Through Trustee to purchase Equipment Notes with respect to any Prefunded Aircraft.

  • The remaining proceeds of the Applicable Certificates in the amount of $562,029,430 shall be used to acquire on the date hereof the Equipment Notes described in Schedule I-B relating to all Aircraft other than Prefunded Aircraft.

  • The Company agrees to finance the Prefunded Aircraft in the manner provided herein, all on and subject to the terms and conditions hereof and of the applicable Financing Agreements.


More Definitions of Prefunded Aircraft

Prefunded Aircraft has the meaning assigned to such term in the Note Purchase Agreement.
Sample 1

Related to Prefunded Aircraft

  • large aircraft means an aircraft, classified as an aeroplane with a maximum take-off mass of more than 5 700 kg, or a multi-engined helicopter;

  • Unmanned aircraft means any aircraft operating or designed to operate autonomously or to be piloted remotely without a pilot on board;

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • New Aircraft Has the meaning specified in the Note Purchase Agreement.

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Owned Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Customer-Funded Upgrade means any Network Upgrade, Local Upgrade, or Merchant Network Upgrade for which cost responsibility (i) is imposed on an Interconnection Customer or an Eligible Customer pursuant to Tariff, Part VI, section 217, or (ii) is voluntarily undertaken by a New Service Customer in fulfillment of an Upgrade Request. No Network Upgrade, Local Upgrade or Merchant Network Upgrade or other transmission expansion or enhancement shall be a Customer-Funded Upgrade if and to the extent that the costs thereof are included in the rate base of a public utility on which a regulated return is earned.

  • Leased Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Unmanned aircraft system means an unmanned aircraft and associated elements, including communication links and components that control the unmanned aircraft that are required for the pilot in command to operate safely and efficiently in the national airspace system.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.

  • Alternative fuel vehicle means a vehicle designed to be capable of running on at least one type of fuel that is either gaseous at atmospheric temperature and pressure, or substantially non-mineral oil derived.

  • Dry cleaning facility means an establishment with one or more dry cleaning systems.

  • Yield Supplement Amount means, with respect to any Collection Period and the related Deposit Date, the aggregate amount by which one month’s interest on the Principal Balance as of the first day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable) at a rate equal to the Required Rate, exceeds one month’s interest on such Principal Balance at the APR of each such Receivable.

  • Double check valve assembly means an assembly composed of two single, independently acting, check valves including tightly closing shutoff valves located at each end of the assembly and suitable connections for testing the water tightness of each check valve.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.