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 has the meaning set forth in the Loan Agreement.

Examples of Spare Parts Mortgage in a sentence

• All of the Pledged Spare Parts are or will (upon becoming subject to the Lien of the Mortgage) be maintained by or on behalf of the Borrower at the Designated Locations, subject to Section 3.02 of the Spare Parts Mortgage and Security Agreement.

• Each Air Carrier that is a Credit Party shall execute the Aircraft Mortgage, the Spare Parts Mortgage and the SGR Security Agreement.

• The Pledged Spare Parts will be maintained by or on behalf of the Air Carriers that are Credit Parties, as required by the Spare Parts Mortgage.

• Each Credit Party shall segregate all of its Pledged Spare Parts from any Spare Parts which are subject to any consignment arrangement, and shall keep all Spare Parts not so subject to a consignment arrangement in Designated Spare Parts Locations, except to the extent permitted in the Spare Parts Mortgage.

• Agreement” or “this Agreement” or “this Mortgage” shall mean this Aircraft, Spare Engines, Spare Propellers, and Spare Parts Mortgage and Security Agreement, as the same may from time to time be amended, restated, amended and restated, supplemented or otherwise modified.

• Capitalized terms not defined herein shall have the respective meanings set forth in the Subordinated Spare Parts Mortgage.

• APPENDIX C FORM OF APPRAISAL COMPLIANCE REPORT [Address to each Lender and to the Security Trustee] APPRAISAL COMPLIANCE REPORT UNDER THE SPARE PARTS MORTGAGE AND SECURITY AGREEMENT Ladies and Gentlemen: We refer to the Spare Parts Mortgage and Security Agreement (the "Mortgage"), dated as of ______, between America West Airlines, Inc.

• On the first Funding Date, the outstanding principal amount of Indebtedness secured by the Senior Mortgages is $110,563,891 ($75,563,891 for the Senior Spare Parts Mortgage and $35,000,000 for the Senior Engine Mortgage).

• 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.

• DELTA AIR LINES, INC., as a Grantor By: Name: Title: [Signature Page to Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] JPMORGAN CHASE BANK, N.A., as Administrative Agent By: Name: Title: [Signature Page to Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] THIS AIRCRAFT, SPARE ENGINES AND SPARE PARTS MORTGAGE AND SECURITY AGREEMENT SUPPLEMENT NO.

More Definitions of Spare Parts Mortgage

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.

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 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.

Spare Parts Mortgage means a Spare Parts Mortgage and Security Agreement among the Obligors party thereto and the Administrative Agent, in substantially the form of Exhibit D.