Spare Parts Mortgage definition

Spare Parts Mortgage means the Spare Parts Security Agreement substantially in the form of Exhibit F entered into by and among the Administrative Agent for the benefit of the Secured Parties and each Credit Party that is a signatory thereto, in each case, as amended, modified or supplemented from time to time.

Spare Parts Mortgage means the Mortgage and Security Agreement (Spare Parts), in substantially the form of Exhibit A, entered into by the Borrower (or any other applicable Grantor) and the Administrative Agent, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

Spare Parts Mortgage means each document listed as such on Schedule 1.01B. “Subsidiary” shall mean, with respect to any Person (the “parent”) at any date, (i) anyPerson the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date,(ii) any other corporation, limited liability company, association or other business entity of which securities or other ownership interests representing more than 50% of the voting power of all Equity Interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Governing Body thereof are, as of such date, owned, controlled or held by the parent and/or one or more subsidiaries of the parent,(iii) any partnership (a) the sole general partner or the managing general partner of which is the parent and/or one or more subsidiaries of the parent or (b) the only general partners of which are the parent and/or one or more subsidiaries of the parent and (iv) any other Person that is otherwise Controlled by the parent and/or one or more subsidiaries of the parent; provided that, for the avoidance of doubt, the Owner Trust shall not be considered a Subsidiary.

Examples of Spare Parts Mortgage in a sentence

• For the avoidance of doubt, nothing contained in the foregoing shall prohibit (i) any substitution of engines or other parts on an aircraft if such substitution is permitted or required under the applicable Collateral Document or (ii) any release or substitution of Spare Parts permitted under the Spare Parts Mortgage.

• The Borrower shall permit and cause, within fourteen (14) days of the Closing Date, MBA to conduct a limited physical inspection audit of the Pledged Spare Parts consistent with the actions required by clauses (vi) and (vii) of the definition of “Appraisal Methodology” in the Spare Parts Mortgage.

• Borrower shall comply, and cause compliance of the Owner Trust, with the requirements of the Aircraft Mortgage and the Spare Parts Mortgage and with all applicable Aircraft Regulations, other than Aircraft Regulations the non-compliance with which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

• XXXXXXXX, XX 00000 XXX N/A N/A [Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] EXHIBIT B TO SECOND LIEN AIRCRAFT, SPARE ENGINES AND SPARE PARTS MORTGAGE AND SECURITY AGREEMENT CERTAIN ECONOMIC TERMS Insured Amount: Replacement cost Minimum Liability Insurance Amount: $350,000,000 per occurrence for any regional jet aircraft $600,000,000 per occurrence for any narrow-body aircraft (including, without limitation, any MD-88 or MD-90 aircraft.

• That certain Subordinated Spare Parts Mortgage and Security Agreement dated as of October 20, 2008 between the Borrower and the Collateral Agent (the “Subordinated Mortgage”) shall be deemed amended upon this Amendment becoming effective pursuant to Section 4 below as follows: A.

• DELTA AIR LINES, INC., as a Grantor By: Name: Title: COMAIR, INC., as a Grantor By: Name: Title: Signature Page to Second Lien Airframe, Engine and Spare Parts Mortgage and Security Agreement Supplement No. 1 [Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] EXHIBIT 1 TO SECOND LIEN AIRCRAFT, SPARE ENGINES AND SPARE PARTS MORTGAGE AND SECURITY AGREEMENT SUPPLEMENT NO.

More Definitions of Spare Parts Mortgage

Spare Parts Mortgage means each of (i) the Junior Spare Parts Security Agreement substantially in the form of EXHIBIT H-1 hereto entered into by and among Collateral Agent for the benefit of the Revolving Facility Secured Parties and each Credit Party that is a signatory thereto and (ii) the Senior Spare Parts Security Agreement substantially in the form of EXHIBIT H-2 entered into by and among Collateral Agent for the benefit of the Term Loan Secured Parties and each Credit Party that is a signatory thereto (collectively, the "SPARE PARTS MORTGAGES").

Spare Parts Mortgage has the meaning set forth in the Loan Agreement.

Spare Parts Mortgage and together with the Slot and Gate Security Agreement, the “Security Agreements”), executed and delivered in connection with a Credit and Guaranty Agreement dated as of April 23, 2013, as amended by the First Amendment to Credit and Guaranty Agreement dated as of November 23, 2014 (the “Existing Credit Agreement”) between, among others, the Borrower, the lenders party thereto and Citibank, N.A., as Administrative Agent.

Spare Parts Mortgage means the Spare Parts Mortgage executed and delivered pursuant to the Prepetition Credit Agreement by each of Corvus, Frontier and Hageland in favor of the Security Trustee.